Hair Removal Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Energy-based Devices, Laser Devices, Intense Pulse Light (IPL) Devices and Others), By End-User (Beauty Clinics, Dermatology Clinics, Home Use and Others) and Region

Hair Removal Devices Market size was valued at US$ 1,786.4 million in 2023 and is projected to reach a value of US$ 3,121.6 million by 2030, at a CAGR of 8.3% from 2024-2030. Moreover, the U.S. hair removal devices market is projected to grow significantly, reaching an estimated value of US$ 1,233.9 million by 2032.

A hair-removing device is a device used to erase unwanted body hair through areas of the body using such technologies as lasers, intense pulsed light (IPL), and electric epilators. It is a more permanent solution than old methods like shaving and waxing, which are based on targeting hair follicles to minimize hair growth over time. The market is growing at a significant rate due to increasing consumer awareness of personal grooming, increasing disposable incomes, and the availability of advanced products. However, high initial costs associated with advanced devices that can be difficult for certain consumers to afford are limiting the market growth.

Key Players

The Hair Removal Devices market share is inclusive of several companies such as Sciton Inc, Alma Lasers Ltd., Cynosure Inc., Strata Skin Sciences Inc, Syneron Medical Ltd., Venus Concept Canada Corp, Cutera Inc., Lumenis Ltd, Lutronic Corporation and Lynton Lasers Ltd.

In the market, top key players like Sciton Inc. are one of the leaders, and its innovative laser and light-based solutions are making it one of the best players in the industry. Sciton offers a variety of products providing effective and safe hair removal treatments for its customers. The company's devices are used in various clinics of medical aesthetics and dermatology across the world. The research and development commitment at Sciton has brought into the world high-end technologies meant to cater to individuals who demand hair removal methods without the cut or incision. Therefore, their products have been appreciated for their precision and reliability in delivering long-lasting results to ensure trust, making Sciton a name in the industry.

Key Takeaways

• The fastest-growing region is Asia-Pacific
• Based on Product, the laser device segment holds the 32.8% market share
• Based on End Users, the beauty clinics segment holds a 41.5% market share

Facts & Figures

• Laser hair removal procedures increased by 46% globally between 2017 and 2021, with an estimated 1.4 million procedures performed in 2021.
• The average number of sessions required for effective permanent hair removal using laser devices is between 6 to 8 treatments, depending on hair thickness and colour.
• Over 75% of users report a permanent reduction in hair growth after completing a series of laser treatments, based on studies conducted in 2022.
• At-home IPL (Intense Pulsed Light) devices can treat an area of 3-4 cm² per flash and take approximately 30 minutes to treat both legs.
• The energy level for effective hair removal in IPL devices ranges from 5 to 10 Joules per cm², varying based on the device and skin type.
• Approximately 70% of individuals using professional laser hair removal devices experience a reduction in hair growth of over 90% after a full treatment cycle.
• Laser hair removal treatments for larger areas, such as the back or legs, can take up to 45 minutes to an hour per session.
• More than 50 million people worldwide used at-home hair removal devices such as IPL systems in 2022, highlighting their growing popularity for convenience.
• Laser hair removal is effective on around 90% of individuals with light to medium skin tones and dark hair due to the contrast required for optimal results.
• Diode laser devices, operating at wavelengths between 800 to 810 nm, are among the most commonly used systems in clinics, offering deep penetration and efficient hair reduction.

Key Developments

• 2024: Syneron Medical Ltd. introduced the Elosave Pro, an advanced laser device with enhanced safety features and improved efficacy for hair removal.
• 2023: Cynosure, Inc. merged with BTL Aesthetics, combining their expertise in laser and radiofrequency hair removal technologies.
• 2022: Lumenis Ltd. launched the Clarity IPL System, a new intense pulsed light (IPL) device designed for effective and safe hair removal.
• 2021: Sciton Inc. acquired MCP Medical, expanding its portfolio of laser and light-based hair removal solutions.

Hair Removal Devices Market Segmentation

By Product: In the market, laser devices are considered to be the largest single segment. The lasers have been very effective in providing very long-term removal and, hence consumers prefer to opt for it. Moreover, technological advances have improved the safety efficiency of laser devices, which in turn increased their usage, popularity, and, of course, market share.

By End User: Beauty Clinics dominated the market, followed by this high percentage because hair removal services from beauty clinics are very diversified; the consumers get to access treatments such as laser and IPL among many others, which are always in huge demand. Mostly, beauty clinics also offer customized follow-up care that is both satisfying and results-oriented.