DUBLIN--(BUSINESS WIRE )--The "Hair Removal Products - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Hair Removal Products Market to Reach $1.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Hair Removal Products estimated at US$881.1 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 7.3% over the analysis period 2020-2027. Laser-based Devices, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$681.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Intense Pulsed Light (IPL) Devices segment is readjusted to a revised 7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $239.7 Million, While China is Forecast to Grow at 8.7% CAGR

The Hair Removal Products market in the U.S. is estimated at US$239.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$212 Million by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.

Energy-based Devices Segment to Record 6.5% CAGR

In the global Energy-based Devices segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$138 Million in the year 2020 will reach a projected size of US$211.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$178.4 Million by the year 2027, while Latin America will expand at a 7.1% CAGR through the analysis period.

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900