Light Hair Removal System Market Size, Share, Growth, And Industry Analysis, By Type (201-400 USD, 100-200 USD, <100 USD, >400 USD), By Application (At-Home Use, Salon and Clinics), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Light Hair Removal System Market Report Overview

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global light hair removal system market size expanded rapidly in 2021 and the market is projected to grow substantially by 2031, exhibiting a prodigious CAGR during the forecast period.

Light hair removal systems use intense pulsed light (IPL) technology to remove unwanted hair. IPL devices emit a broad spectrum of light that targets the melanin in the hair follicles. The light energy heats up the hair follicles, damaging them and inhibiting future hair growth. The process is non-invasive and generally painless. The device is placed on the skin and a series of flashes are emitted. The treated area may feel slightly warm or tingly, but there is typically no discomfort. Over the course of several sessions, the hair follicles are weakened and hair growth is reduced. They are most effective on darker hair and lighter skin tones. The contrast between dark hair and light skin makes it easier for the IPL to target the hair follicles. The procedure may not be as effective on blonde, white, or grey hair.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has had a significant impact on many industries, including the light hair removal system market. The market has experienced several adverse effects due to the pandemic. The pandemic has disrupted the global supply chain, causing delays in the production and delivery of these systems. This has resulted in a shortage of devices and increased prices for those that are available. The economic impact of the pandemic has resulted in reduced consumer spending, which has affected the demand for the product. Many people have cut back on non-essential purchases, including personal grooming devices. The closure of salons and spas due to lockdowns and social distancing measures has significantly reduced the demand for light hair removal services. As a result, many consumers have delayed purchasing light hair removal systems for personal use.

Latest Trends

"At Home Hair Removal Devices Is Expected to Fuel the Growth in The Market"

The at-home hair removal devices market has seen significant growth in recent years, with consumers turning to these devices for their convenience, affordability, and advancements in technology. Consumers appreciate the ability to perform hair removal treatments in the comfort of their own homes, without the need to schedule appointments or visit a salon or clinic. This is particularly appealing to busy consumers who value convenience and may not have the time to devote to regular salon appointments. Additionally, at-home hair removal devices can be a more affordable option compared to professional treatments, which can be costly. Advances in technology have made at-home devices more effective and comfortable to use, providing a more attractive option for consumers.

Light Hair Removal System Market Segmentation

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• By Type Analysis

According to type, the market can be segmented 201-400 USD, 100-200 USD, <100 USD, >400 USD. The 201-400 USD segment is projected to capture the maximum market share through 2031.

• By Application Analysis

Based on application, the market can be divided into At-Home Use, Salon and Clinics. The at-home use segment is expected to grow at the fastest CAGR during 2031.

Driving Factors

"Rising Demand for Aesthetic Procedures to Foster the Market Growth"

With the increase in the demand for aesthetic procedures globally, light hair removal systems have become increasingly popular among consumers. People are increasingly concerned with their personal appearance and grooming, leading to a rise in demand for hair removal services. They are preferred over traditional hair removal methods such as waxing or shaving because they offer a more permanent solution. The use of laser and IPL technology has significantly improved the quality of hair removal, making it faster, more precise, and less painful. Furthermore, these systems offer a long-lasting result, which is highly valued by consumers. Therefore, the rise in demand for aesthetic procedures is a key factor driving the growth of the market.

"Growing Disposable Income to Result in The Expansion of the Market"

The growth of the middle class and an increase in disposable income have also contributed to the growth of the light hair removal system market. As disposable incomes increase, consumers are willing to spend more on personal care and grooming products, including hair removal systems. In emerging economies such as India, China, and Brazil, the growing middle class has led to an increase in the light hair removal system market share. With rising incomes, consumers in these regions are looking for products that offer a more permanent solution to hair removal, and light hair removal systems are becoming increasingly popular. Moreover, the increasing demand for high-quality grooming products and the rise of social media influence on appearance has led consumers to seek hair removal solutions that are more efficient and effective. This has further fuelled the light hair removal system market growth.

Restraining Factors

"Limited Effectiveness on Certain Hair Types and Colours to Hamper the Market Growth"

One of the main limitations of light hair removal systems is their limited effectiveness on certain hair types and colours. These systems are generally more effective on dark hair because the melanin in the hair absorbs the light energy better, making it easier to remove. However, light hair colours such as grey, blonde, or red hair contain less melanin, which makes it more difficult for the light energy to target and remove the hair. As a result, light hair removal systems may not be as effective on lighter hair colours, which can limit the market size and make the products less attractive to consumers with lighter hair colours.

Light Hair Removal System Market Regional Insights

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"North America to lead the market owing to the rising demand for hair removal treatment. "

North America emerged as the leading market for light hair removal systems in 2021, accounting for over 30.0% of the total revenue share. This can be attributed to the rising demand for hair removal treatments, well-established dermatology clinics, and the presence of skilled professionals in the region. Aesthetic lasers are widely used by professionals in North America for various purposes, which is also contributing to the growth of the market. The region has a large number of players operating in the market, which is further driving the growth of the market.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market."

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Philips
• Panasonic
• Braun
• Silk’n
• CosBeauty
• Ya-Man
• Iluminage Beauty
• SmoothSkin (Cyden)
• Remington

Report Coverage

This report examines an understanding of the light hair removal system market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.