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Hair Removal Appliances Market Segmented By type such as Laser, Razors, Pulse light hair removal, Electronic devices with distribution channels such as Supermarkets and hypermarkets, Drug-stores, Online
There is a rise in the popularity of beauty clinics and dermatology clinics which has led to the increased demands of hair removal appliances lately. The increased physical awareness amongst the people has resulted in demand for hair removal appliances. There are different types of hair removal appliances available easily for the customers in the market.
Trimmers, razors, and epilators are some of the hair removal appliances that are preferred by the customers for easy and fast hair removal. With the advancement in technology, there are different easy and painless hair removal alternatives available in the market. Laser hair removal being the most prominent hair removal method is gaining a lot of importance in the market. This method is more effective and can treat a large area or hair in a short period.
Rising interest for having a body with no hair among the youngsters is the key expansion factor for the hair removal appliances market. Increasing awareness with respect to amplifying aesthetic attraction and personal grooming are some of other the reasons fueling the growth of the global hair removal appliances market.
There is an increasing acceptance of hair removal appliances among the men, which is a significant driving factor for the global market. Along with these factors that have led to the increased demands for hair removal appliances, the high cost required for the laser hair removal operations can prove to be a restraining factor for the hair removal appliances market
Increased applications in health-care industry to drive the hair removal appliances market.
Along with the increased demand for hair removal appliances in the beauty sector, there is also a rise in demand for hair removal appliances in the health-care sector. Hair removal appliances play an essential role when it comes to surgeries that require the removal of hair from the infected area.
This reduces the risk of infections caused due to the presence of hair. The development of new solutions gives medical professionals the power to adjust so that they can provide their customers with a better result.
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Some of key players operating in the global hair removal markets are Cutera USA, Reckitt Benckiser, Syneron Medical limited, Cynosure, Church & Dwight, Lynton Lasers limited, Procter & Gamble, Koninklijke Philips N.V, VI-John, Sally Hansen, Codream, Solta Medical, Lumenis, Alma Lasers and others.
The increased investments in the research and development for various innovations in the hair removal markets have created chances for expansion of business for key players in the global hair removal appliances market.
The efforts taken by the manufactures to reach out to the customers and providing them with easy to use appliances has resulted in the increased demands for the hair removal appliances.
The key players can capture the best long-lasting open doors for development in the market by ensuring financial flexibility and improvements in operations.
North America is the region with the highest share in the hair removal appliances. The increasing demands for easy-to-use electrical hair removal appliances, rise in the purchasing power, and increasing awareness over hygiene among people are some of the main factors that have triggered the global hair removal markets in this region.
Europe holds the second-largest share in the hair removal appliances market. The market development in this region is due to the availability of accomplished professionals and the increasing trend of hair removal treatments among the customers.
Asia-Pacific has registered rapid growth in the global hair removal appliances market owing to increasing consciousness about advanced appliances and availability of low-cost laser hair removal devices.
The beauty and personal care industry has seen a downfall in the wake of this pandemic. However, the impact of Covid-19 on this market may not be as worse as the impact on other markets.
Customers have opted to have their personal care appliances which include hair removal appliances due to the closure of salons and beauty clinics. The availability of hair removal appliances on E-Commerce channels has led to sales of these products even during the pandemic.
Thus the impact of Covid-19 has been moderate on the global hair removal appliances market.