Hair Removal Devices Market 2030: Venus Concept’s Merger Strategy Sparks Industry Growth
The global hair removal devices market size is expected to reach USD 2.1 billion by 2030, registering a CAGR of 8.6% during the forecast period, according to a new report by Grand View Research, Inc. Rising beauty consciousness, particularly among women, has been driving the growth of this market. Men are also following this trend due to the rise in awareness about the need for better grooming. In addition, there is a high demand for noninvasive techniques for hair removal, such as the laser technique, owing to the benefits associated with their usage. Moreover, these devices are also designed for home use. This factor is also contributing to the high demand for personal non-invasive grooming techniques. The COVID-19 pandemic had adversely affected the market due to a decline in operations, sales, and revenue. The pandemic has temporarily changed the customers’ spending habits due to the restrictions imposed by the governments across various nations. Customers have st...