Our study includes businesses that deal with manufacturing and supply of hair removal devices, specifically for beauty clinics and dermatology clinics. High inclination of consumers towards removal of unwanted hair from different body parts to enhance aesthetic appeal and avoid painful and frequent cumbersome conventional hair removal procedures is expected to be among the prominent factors fueling hair removal devices market growth.
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Some of the prominent alternative methods that have found high industry penetration include waxing, shaving, threading, plucking, and electrolysis. However, most these methods are inherently painful and the effect is short-lived and often unsatisfactory. However, hair removal devices used in commercial clinic spaces are usually handled by experts and relatively very less painful. This is expected to be among the prominent factors influencing the growth of the growth of this industry. However, high initial cost of these systems, which in turn leads to high cost of these treatment in these commercial spaces is expected to hamper the global hair removal devices market growth.
Compact devices and products offering multi-services for the cost of one system is among the prominent factors influencing the hair removal devices market growth
Next generation devices are compact, in order to reduce the footprint in the beauty and dermatologist facilities. Significant advantage of utilization of these machines is proving an array of aesthetic services that include skin treatment, anti-ageing skin rejuvenation treatment along with hair removal, for different body surfaces with a single machine. For instance, The Global Beauty Group offers products with five in one and 9 in 1 Intense Pulse Light (IPL) machines offering these aforementioned features. Company’s product under UltraLUX V4 IPL aids in pigmentation treatment, acne management, ultrasound body contouring, vascular therapy, and RF skin tightening. In conjunction with these factors, long durability, robustness, and high ROI, owing to multi-service offerings of these machines is expected to be factors for growth of the global hair removal devices market over the forecast period.
Some of the key players in the global hair removal devices market include Alma Lasers Ltd., Cutera Inc., Cynosure Inc., Fotona d.d., Lumenis Ltd., Lutronic Corp., Lynton Lasers Ltd., Sciton Inc., Solta Medical Inc., Syneron Medical Ltd., Strata Skin Sciences Inc., and Venus Concept Canada Corp.
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