As per Transparency Market Research (TMR) observations, The Global Hair Removal Market is projected to reach a value of US$880.2 mn by 2017. Further, the market’s opportunity is expected to report a steady rise at a CAGR of 9.0% during the period from 2017 to 2022 and increase to US$1.35 bn by the end of the forecast period.“Thanks to the augmenting beauty consciousness among consumers, worldwide, the global market for hair removal solutions is witnessing a high-paced increase in its size and valuation,” says a researcher at TMR. The rising preference for a good and groomed physical appearance is boosting the growth of this market significantly. In addition to this, the substantial surge in the popularity of the at-home hair removal techniques among the young consumers is anticipated to fuel the demand for hair removal solutions considerably, across the world in the years to come.
The study also presents a regional assessment of the global hair removal market. As per the report, Asia Pacific excluding Japan (APEJ), North America, Europe, the Middle East and Africa (MEA), Latin America, and Japan are the key regional markets for hair removal solutions across the world. Of these, North America acquired the leading position in the global market, thanks to the significantly high popularity of personal grooming among consumers and the high disposable incomes of them that makes them capable of affording expensive hair removal products and services. Expanding at a CAGR of 9.50% over the period of the forecast, this regional market is anticipated to retain its dominance over the next few years, reports the study.
The Global Hair Removal Market is highly competitive with the increasing entry of new players regularly. Solta Medical Inc., Cynosure Inc., Lynton Lasers Ltd., Fotona d.d., Strata Skin Sciences Inc., Syneron Medical Ltd., Alma Lasers Ltd., Venus Concept Canada Corp., Lumenis Ltd., Lutronic Corp., Sciton Inc., and Cutera Inc. are the key vendors of hair removal products and services across the world.
Report Overview, with TOC –