According to the latest report by IMARC Group, titled “Australia Hair Removal Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the Australia hair removal market reached a value of US$ 806.5 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,131.8 Million by 2027 exhibiting a CAGR of 5.90% during 2022-2027.
Hair removal is an effective method of removing unwanted hair from different body parts such as leg, face, chin, back, armpits, and bikini lines. The process uses non-surgical and non-invasive methods to eliminate the hair without damaging the surrounding skin. Hair removal is usually done with the help of electronic devices, including laser, electric epilators, as well as ready-to-use wax strips, which provide an effective and quick technique for getting rid of the hair. It is gaining prominence among individuals owing to fashion, cultural practices, sports, and medical reasons. Consequently, the hair removal process is widely performed across households, beauty spas and salons, and dermatology clinics.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Australia Hair Removal Market Trends and Drivers:
The Australia hair removal market is primarily driven by the rising consciousness regarding the maintenance of optimal aesthetic beauty. Besides this, the growing influence of social media and celebrity endorsements for promoting hair removal products are also propelling the demand for hair removal across the country.
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In addition, rapid urbanization and expanding working women population are also facilitating the market growth. In addition to this, laser hair removal is a commonly used cosmetic procedure as it uses highly concentrated light beams while focusing on hair follicles to destroy hair growth.
Furthermore, technological advancements in aesthetic lasers, such as the mixing of modalities, founded by Quanta Systems in the Thunder MT system, is anticipated to fuel market growth in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Australia Hair Removal Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abbvie Inc. (Allergan Inc.), Advanced Clinics Australia, Alma Lasers International, Braun GmbH, Candela Corporation, Koninklijke Philips N.V., Lumenis Inc., Results Laser Clinics, and Silk Laser Clinics.
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The report has segmented the market on the basis of region, product type, end user and gender.
Market Breakup by Product Type:
- Laser Hair Removal
- Electrical Epilation
Market Breakup by End User:
- Beauty Clinics
- Dermatology Clinics
- Home Use
Market Breakup by Gender:
Market Breakup by Region:
- Western Australia
- New South Wales
- Rest of Australia
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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