The laser hair removal market size was valued at USD 549.4 million in 2021 and is projected to reach USD 1617 million by 2030, expanding at a CAGR of around 16% during the forecast period, 2022 – 2030. The growth of the market is attributed to rising trend of maintaining ideal visual appearance.
Laser hair removal is a type of amputation in which the hair follicle is destroyed by flashes of laser light. Laser hair removal is a popular cosmetic technique that uses intensely focused light beams to target hair follicles, absorb pigment, and remove hair. The light is converted to heat, which impacts the hair-producing hair follicles (tube-shaped sacs within the epidermis). Future hair development is inhibited or delayed due to this damage.
Many industries, including the aesthetics industry, have been affected by the Covid-19 epidemic. Due to severe lockdown, in terms of the market, non-emergency dermatological consultations were initially discouraged or discontinued. Telecommunication became the predominant form of communication for both patients and doctors during this period. Services have recently restarted in a gradual way, with careful procedures to be taken in most nations, due to the loosening of lockdown limitations.
The report on the global laser hair removal market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Laser Hair Removal Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2021 |
Historic Data | 2019–2020 |
Forecast Period | 2022 – 2030 |
Segmentation | Types (Alexandrite, Nd: YAG, and Diode) and End-users (Home Use, Dermatology Clinics, and Beauty Clinics) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Venus Concept Canada Corp.; Aesthetics Medispa Private Ltd.; Clear Skin Private Ltd.; Strata Skin Sciences, Inc.; Skin Solutions; Solta Medical, Inc.; Lynton Lasers Ltd.; Better Life Clinic; Lutronic Corp.; Lumenis Ltd.; Cutera Inc.; Cynosure, Inc.; Alma Lasers, Ltd.; Sciton, Inc.; and Syneron Medical Ltd |
Based on types, the laser hair removal market is segregated into alexandrite, Nd: YAG, and diode. The diode segment accounted for a major market share in 2021 owing to the great precision these products provide. Diode lasers may target a specific body part and eliminate hair effectively while causing no harm to the surrounding skin. Furthermore, the suitable time necessary for hair removal according to body area and hair volume is increasing product demand. These lasers work best on dark terminal hair and less on lighter hair. Manufacturers, on the other hand, are working to achieve a comparable effect on light terminal hair. They cover more ground and have a higher repeat rate. IPL (Intense Pulsed Light) is a laser-like treatment that removes hair through targeted photothermolysis. However, due to the complexity of use and a scarcity of experienced specialists to operate the equipment, these gadgets have not gained widespread acceptance.
On the basis of end-users, the market is fragmented into home use, dermatology clinics, and beauty clinics. The beauty clinics segment held a major market share in 2021. Rapid adoption and widespread use of technologically advanced products in beauty clinics is projected to fuel the segment. Furthermore, the market is being driven by the increased demand for non-invasive hair removal techniques. Laser treatments are painless compared to older methods like hair plucking and waxing. As a result, the segment's growth is influenced by the growing popularity of the tailored treatment. The enhanced safety and efficacy provided by the dermatology clinics is expected to boost the segment. Due to the increased demand for painless hair removal operations, beauty clinics are rapidly embracing FDA-approved laser hair removal systems. With the incorporation of sophisticated technologies, this treatment is effective. While working in sensitive areas, some patients may require topical anesthetic. Red, puffy skin that looks like sunburn is one of the most prevalent side effects of laser treatment. However, these negative effects only last a few hours, providing a long-term cure.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2021 owing to the availability of qualified specialists, rising demand for hair removal operations, and the presence of well-established dermatological clinics in the region. Aesthetic lasers were frequently employed by professionals in North America for a variety of applications. Asia Pacific is estimated to witness rapid growth during the forecast period due to rising skin damage occurrences and population growth, particularly in India and China. Moreover, rapidly expanding medical tourism sector, rising consumer disposable income, and changing lifestyles in Asia Pacific's emerging economies are boosting the market.
The global laser hair removal market has been segmented on the basis of
TypesKey players competing in the laser hair removal market include Venus Concept Canada Corp.; Aesthetics Medispa Private Ltd.; Clear Skin Private Ltd.; Strata Skin Sciences, Inc.; Skin Solutions; Solta Medical, Inc.; Lynton Lasers Ltd.; Better Life Clinic; Lutronic Corp.; Lumenis Ltd.; Cutera Inc.; Cynosure, Inc.; Alma Lasers, Ltd.; Sciton, Inc.; and Syneron Medical Ltd. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years. For instance,
Some frequently asked quetions about this report!
Lutronic Corp.; Lumenis Ltd.; Cutera Inc.; Cynosure, Inc.; Alma Lasers, Ltd.; Sciton, Inc.; and Syneron Medical Ltd are some of the top players in the laser hair removal market.
The beauty clinics segment is projected to expand at a high CAGR during the forecast period
The laser hair removal market size was valued at USD 549.4 million in 2021.
The laser hair removal market is projected to expand at a CAGR of around 16% during the forecast period, 2022 – 2030.
The laser hair removal market is projected to reach USD 1617 million by 2030.
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