Global IPL Hair Removal Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global IPL Hair Removal Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

IPL Hair Removal Devices is a hair removal tool using IPL, which can achieve the effect of hair removal. IPL stands for Intense Pulsed Light technology. IPL is a broad-spectrum visible light with a special wavelength and a softer photothermal effect.

Market Overview:

The latest research study on the global IPL Hair Removal Devices market finds that the global IPL Hair Removal Devices market reached a value of USD 922.05 million in 2022. It’s expected that the market will achieve USD 2495.12 million by 2028, exhibiting a CAGR of 18.05% during the forecast period.

Advantages of IPL Hair Removal Devices Drive the Industry

IPL Hair Removal Devices is demanded by the downstream market mainly due to the obvious advantages of the product. IPL hair removal devices are technologically superior; the main advantage of IPL technology in terms of hair removal or slowing down hair regrowth is its technicality as IPL devices use broad spectrum visible light and target the melanin present in the hair, heating it to effectively remove the hair. The IPL hair removal device can remove almost all types of hair, such as coarse and thick hair, without damaging the surrounding skin.

Also, there are some advantages over other alternatives, such as fast treatment and the ability to avoid the risk of ingrown hairs, etc. In the global market, many consumers are using IPL hair removal devices due to their advantages and this is one of the factors for the growth of the IPL hair removal devices market.

Increase in downstream market demand

With the development of the economy, people's demand for beauty and skin care products is increasing, the personal care and beauty market is developing rapidly, and products such as hair removal are becoming popular one after another. IPL Hair Removal Devices is becoming more and more popular in places such as salons, clinics and spas. At the same time, home IPL hair removal devices are more convenient, and consumer demand for home IPL hair removal devices continues to increase.

In addition, with the development of the times, the aesthetic awareness of the younger generation, especially women, has increased, and the demand for hairless bodies has continued to grow, thereby increasing the demand for hair removal equipment and related services, which is also promoting the development of the IPL Hair Removal Devices industry.

Threat of substitutes

In the global market, the IPL Hair Removal Devices market is facing competition from substitutes. Examples include laser hair removal, razors, hair removal creams, etc. These substitutes occupy a certain market share in the market, which undoubtedly limits the market share of IPL Hair Removal Devices, and the development of the IPL Hair Removal Devices industry is affected by substitutes.

Impact of COVID-19

The spread of COVID-19 has had an impact on people and businesses around the globe. Across the globe, governments have imposed lockdowns to limit the spread of COVID-19. With the lockdown, salons and beauty clinics of all kinds were closed, and consumers' access to salons and various beauty clinics for hair removal treatments was also restricted. This hinders the business of IPL Hair Removal Devices. Overall, COVID-19 has limited the growth of the IPL Hair Removal Devices industry.

Region Overview:

In 2021, the share of the IPL Hair Removal Devices market in Asia Pacific stood at 42.48%.

Company Overview:

Philips is one of the major players operating in the IPL Hair Removal Devices market, holding a share of 21.18% in 2022.
Royal Philips is a leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.
CyDen is the world’s leading expert in light-based beauty technology, and global market leader for home-use Intense Pulsed Light (IPL) hair removal devices. Based in Swansea, UK, CyDen was founded in 2002 to design and manufacture IPL machines for professional salons.
Home Skinovations, the global leader in at-home aesthetic devices created the innovative Silk’n brand. Silk’n produces a line of over-the-counter beauty devices, developed by scientists who design aesthetic devices for plastic surgeons and dermatologists.

Segmentation Overview:

By type, 100-200 USD segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment At-Home Use, with a market share of 67.25% in 2021.

Key Companies in the global IPL Hair Removal Devices market covered in Chapter 3:

Ulike
SmoothSkin (Cyden)
Remington
CosBeauty
Panasonic
Braun
Philips
JOVS
Silk'n
Ya-Man

In Chapter 4 and Chapter 14.2, on the basis of types, the IPL Hair Removal Devices market from 2018 to 2029 is primarily split into:

201-400 USD
100-200 USD
>400 USD

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the IPL Hair Removal Devices market from 2018 to 2029 covers:

At-Home Use
Salon and Clinics

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)