PUBLISHER: Verified Market Research | PRODUCT CODE: 1733403
PUBLISHER: Verified Market Research | PRODUCT CODE: 1733403
The increasing customer awareness of personal grooming and aesthetics, combined with a growing inclination for non-invasive, long-term hair removal treatments that deliver salon-quality results in the comfort of the home, are driving the consumer use IPL hair removal devices market. According to the analyst from Verified Market Research, the consumer use IPL hair removal devices market is estimated to reach a valuation of USD 3.75 Billion over the forecast subjugating around USD 1.86 Billion valued in 2024.
The growing demand for at-home beauty solutions that provide convenience, cost savings, and efficient hair removal options without the need for salon visits, is fueling the consumer use IPL hair removal devices market. It enables the market to grow at a CAGR of 9.20% from 2026 to 2032.
Consumer Use IPL Hair Removal Devices Market: Definition/ Overview
Consumer Use IPL (Intense Pulsed Light) Hair Removal Devices are at-home beauty appliances that send broad-spectrum light into hair follicles, disrupting their development cycle. These devices are commonly used for a variety of purposes, including permanent hair removal from several body locations such as the face, legs, arms, and bikini line. They provide a handy alternative to traditional methods like shaving and waxing, allowing customers to complete treatments from the comfort of their own homes. Furthermore, newer IPL devices have adjustable intensity levels and skin tone sensors to improve safety and effectiveness, making them appropriate for a wide range of skin types and hair colors.
Continuous advancements in IPL technology make these devices more effective, safer, and appropriate for a broader spectrum of skin and hair types. The United States Food and Drug Administration (FDA) has approved many over-the-counter IPL devices for home use, demonstrating the items' increasing safety and efficacy. For example, the FDA's 510(k) database reveals an increase in clearances for home-use IPL devices in recent years, indicating technological advancement and market expansion.
The growing popularity of at-home beauty treatments is propelling the market for consumer IPL devices. According to Verified Market Research, the worldwide beauty devices market was worth USD 103 Billion in 2023 and is predicted to rise at a CAGR of 19% between 2023 and 2032. This trend implies that consumers are very interested in convenient, do-it-yourself beauty solutions like IPL hair removal devices.
Furthermore, the increased disposable wealth, particularly in emerging nations, is driving up demand for personal care and cosmetic gadgets. The World Bank says that global GDP per capita has increased from $10,925 in 2015 to $11,433 in 2021, despite the economic hurdles caused by the COVID-19 epidemic. Increased disposable money enables more people to invest in innovative beauty products such as IPL hair removal devices.
Despite advancements in IPL technology, consumer use of these devices has safety hazards such as skin irritation, burns, and pigmentation alterations. Users suffer negative consequences if the devices are not used correctly, especially if they do not follow the prescribed settings for their skin type. This risk of undesirable consequences discourages customers from acquiring or utilizing IPL devices, limiting market expansion.
Furthermore, the initial cost necessary for consumer use IPL hair removal devices is a considerable barrier for many prospective buyers. While these devices provide long-term savings over expert treatments, the initial cost is prohibitively expensive, particularly for budget-conscious consumers. This financial constraint limits the market's reach, especially in emerging economies where disposable income is minimal.
According to VMR Analysis, the above 400 USD segment is estimated to hold the largest market share in the type segment during the forecast period. The growing consumer preference for high-quality, premium IPL hair removal devices is a major reason for this segment's dominance. As customers seek effective and long-lasting hair removal options, they are prepared to invest in advanced devices that provide improved performance, safety features, and durability, resulting in a larger market share for goods in this price range.
Consumers can spend more on personal care items when disposable incomes rise, particularly in developed economies. Individuals become richer, and they are more likely to purchase expensive IPL machines, which are viewed as long-term beauty and grooming solutions. This trend adds to the market's steady expansion in the segment valued at above 400 USD.
Furthermore, continuous improvements in IPL technology increase the appeal of high-end gadgets. Features include changeable energy levels, skin tone sensors, and integrated cooling systems that enhance the user experience and safety. These developments appeal to consumers looking for effective and user-friendly solutions, reinforcing the consumer use IPL hair removal devices market's dominance in the above 400 USD segment.
The online retail segment is estimated to dominate the consumer use IPL hair removal devices market during the forecast period. Online retail platforms allow users to shop from the comfort of their own homes, browsing a diverse choice of IPL devices at their leisure. This accessibility eliminates the need for consumers to visit physical stores, allowing them to compare items, read reviews, and make informed purchasing decisions, hence driving the segment's growth.
Online retailers have a greater assortment of IPL hair removal devices than traditional locations, catering to a variety of consumer preferences and budgets. The opportunity to obtain competitive pricing, special discounts, and unique online deals encourages users to buy IPL devices online, cementing this distribution channel's dominance in the market.
Furthermore, the rise of digital marketing and social media has greatly increased consumer awareness of IPL hair removal technologies. Online platforms enable the efficient broadcast of information about product features, benefits, and user experiences. This increased awareness motivates more people to research and buy IPL devices online, hence boosting the segment's growth.
According to VMR Analyst, North America is estimated to dominate the consumer use IPL hair removal devices market during the forecast period. North America, particularly the United States, has a high disposable income, resulting in increased spending on personal care and beauty products. Despite the epidemic, the US Bureau of Economic Analysis reports that personal consumption expenditures on personal care products and services climbed from USD 140.9 Billion in 2019 to USD 151.6 Billion in 2021. This trend demonstrates North American customers' great willingness to invest in modern beauty products such as IPL hair removal devices.
Furthermore, the COVID-19 epidemic has pushed the trend of at-home beauty treatments in North America. According to a Mintel survey conducted in 2020, 33% of U.S. consumers who receive beauty treatments have increased their number of at-home treatments since the pandemic began. This trend is expected to continue, increasing demand for consumer IPL hair removal devices. The NPD Group estimated that sales of hair removal equipment in the United States climbed by 27% in the first half of 2020 when compared to the same time in 2019.
The Asia Pacific region is estimated to exhibit the highest growth within the market during the forecast period. The Asia Pacific region is experiencing a considerable growth in disposable income and a growing middle-class population, which is driving up demand for personal care devices. According to the World Bank, GDP per capita (current US dollars) in East Asia and the Pacific region climbed from $8,254 in 2015 to $11,708 in 2021, showing a 41.8% rise in six years. This increased purchasing power allows more people to invest in innovative beauty technology such as IPL hair removal devices.
Furthermore, the COVID-19 pandemic has hastened the trend to at-home cosmetic treatments in Asia Pacific. According to a Mintel survey conducted in 2020, 65% of urban Chinese customers who generally receive beauty treatments at salons are interested in utilizing beauty devices at home. This trend is expected to continue, increasing demand for consumer IPL hair removal devices. The beauty devices industry in Japan was worth 57.8 billion yen in 2020 and is expected to grow to 78.7 billion yen by 2025, according to the Yano Research Institute.
The consumer use IPL hair removal devices market is characterized by rapid technical breakthroughs and an increasing emphasis on user-friendliness. Manufacturers are progressively concentrating on improving their products' efficacy and safety by introducing technologies including adjustable energy levels, skin tone sensors, and improved cooling systems.
Some of the prominent players operating in the consumer use IPL hair removal devices market include:
Philips
SmoothSkin (Cyden)
Silk'n
Panasonic
Iluminage Beauty
Braun
Ya-Man
CosBeauty
Remington