Top Players - Hair Removal Devices Industry

Jan, 2023 - by CMI

Top Players - Hair Removal Devices Industry

As men and women both find it simple to remove body hair with hair removal devices, the demand for these devices that can be used at home is significantly increasing during the rush hours. When there is a need, of going to saloons is not an option, slow hair growth cannot be permanently stopped with treatments or razors. There are home hair removal tools that may be used to remove hair more quickly and painlessly while also saving money and preventing in grow hairs. There are laser based and light based hair removal tools that can be used at home. The usage of hair removal tools at home is becoming more and more popular as a result of all the benefits they offer.

The global Hair Removal Devices Market was valued at US$ 1,200 Mn in 2021 and is expected to reach US$ 2,754.6 Mn by 2030, growing at a CAGR of 9.9% between 2022 and 2030.

Leading Companies in the Hair Removal Devices Industry

1. Alma Lasers Ltd

Since 2013, Alma Lasers Ltd is a global innovator of Laser, Light-based, Radiofrequency, Plasma, and Ultrasound solutions for the aesthetic and surgical markets. The company is operational in more than 90 countries and is headquartered in Caesarea, Israel. In April, 2021 Alma launched Alma PrimeX Ultimate platform for reduction and skin tightening in the abdomen, waist, thighs and buttocks areas.

2. Cutera Inc.

Cutera was founded in 1998 by veteran laser and optical engineers with a vision of offering the best solution for achieving superior outcomes in medical aesthetics.

Cutera is headquartered in Brisbane, California and is operational in more than 60 countries. In March, 2022 CUTERA, INC.  a leading provider of dermatology solutions, today announced the U.S. Food and Drug Administration’s 510 clearance of AviClear, the first and only energy-based device to receive this designation for the treatment of mild, moderate, and severe acne.

3. Cynosure Inc.

Westford, MA 

4. Fotona d.d

Founded in 1964 Fotona is one of the leading laser industry and defence, optical communication, industrial, dental and medical application. It has headquarters in Ljublijana, Slovenia.

5. Lumenis Ltd

Since 1966 Lumenis is a global leader in the field of minimally-invasive clinical solutions for the Surgical, Ophthalmology and Aesthetic markets, and is a world-renowned expert in developing and commercializing innovative energy-based technologies. The company is operational in more than 100 countries and has headquarters situated in Yokne'am Ilit, Tsafon. In April, 2021 Lumenis Ltd announced that the FDA has granted De Novo authorization for Lumenis’ newest IPL device for improving signs of dry eye disease due to meibomian gland dysfunction (MGD).

6. Lutronic Corp.

Lutronic Corp. was established in 1997 which sales various medical devices including laser medical devices.  The company is operational in more than 65 countries and headquarters in Billerica, USA. In July, 2019 Lutronic announced that the U.S. Food and Drug Administration has granted market clearance for the Clarity II™ 755nm and 1064nm wavelength platform.

7. Lynton Lasers Ltd.

Lynton Lasers Ltd. was established in 1994 and is one of the global leader in aesthetic, surgical and lasers. It has headquarters situated in Cheshire, UK.

8. Sciton Inc.

Sciton was founded in 1997 by laser physicists Dr. Jim Hobart and Dr. Dan Negus. It is a medical device company and has headquarters in California, USA. Sciton is operational in more than 45 countries. In November, 2020 Sciton announced the establishment of direct operations in The United Kingdom and Ireland.

9. Solta Medical Inc.

Founded in 2002 Solta medical, a division of Bausch Health is a global leader in the medical aesthetic market Solta medical is headquartered in Bothell, WA.

10. Strata Skin Sciences Inc.

STRATA Skin Sciences, Inc., a medical technology company, develops, commercializes, and markets products for the treatment of dermatologic conditions. STRATA Skin Sciences, Inc. was incorporated in 1989 and is based in Horsham, Pennsylvania.

*Definition- Hair removal is also known as depilation i.e., intentionally removing the body hair. Hair removal may be practiced for hygienic, aesthetic, medical, cultural, or religious reasons