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Laser Hair Removal Market Size, Share & Growth Report | 2031

Laser Hair Removal Market

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Segments - by Types (Alexandrite, Nd: YAG, and Diode), End-users (Home Use, Dermatology Clinics, and Beauty Clinics), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

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Debadatta Patel

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Editor :

Aman Singh

Report Description

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.

Market Trends, Drivers, Restraints, and Opportunities

Advancements in the aesthetic laser technology are projected to boost the market during the forecast period.
Increasing worries about the facial hair such as sideburn area, chin, neck, lips are estimated to fuel the market.
Increasing prevalence of hair removal devices at pharmaceutical stores that sell body care items is driving the market.
High cost of the procedure at dermatology clinics or beauty centers is expected to hinder the market growth.
Lack of skilled professionals is anticipated to hamper the market growth.
Increasing availability of non-invasive treatment options is projected to boost the market.

Scope of the Report

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

Market Segment Insights

The diode segment accounted for a market share of around 38% in 2021

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.

The beauty clinics segment is projected to expand at a high CAGR during the forecast period

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.

North America dominates the global market

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.

Segments

The global laser hair removal market has been segmented on the basis of

Types

Alexandrite
Nd: YAG
Diode

End-users

Home Use
Dermatology Clinics
Beauty Clinics

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

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.
Syneron Medical Ltd

Competitive Landscape

Key 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,

In May 2020, Cervello, a medical device powered by lasers, was launched by Lira Style. The gadget uses Nd: YAG, diode, or Alexandrite lasers to remove hair from all skin types.
In April 2020, during the COVID-19 pandemic, Aldi Australia announced the availability of a DIY laser hair removal device to ensure patients' hair removal treatments were not interrupted.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laser Hair Removal Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Laser Hair Removal Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Laser Hair Removal Market - Supply Chain
  4.5. Global Laser Hair Removal Market Forecast
     4.5.1. Laser Hair Removal Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Laser Hair Removal Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Laser Hair Removal Market Absolute $ Opportunity
5. Global Laser Hair Removal Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Laser Hair Removal Market Size and Volume Forecast by Types
     5.3.1. Alexandrite
     5.3.2. Nd: YAG
     5.3.3. Diode
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Laser Hair Removal Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Laser Hair Removal Market Size and Volume Forecast by End Users
     6.3.1. Home Use
     6.3.2. Dermatology Clinics
     6.3.3. Beauty Clinics
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Laser Hair Removal Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Laser Hair Removal Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Laser Hair Removal Demand Share Forecast, 2019-2026
8. North America Laser Hair Removal Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Laser Hair Removal Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Laser Hair Removal Market Size and Volume Forecast by Types
     8.4.1. Alexandrite
     8.4.2. Nd: YAG
     8.4.3. Diode
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Laser Hair Removal Market Size and Volume Forecast by End Users
     8.7.1. Home Use
     8.7.2. Dermatology Clinics
     8.7.3. Beauty Clinics
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Laser Hair Removal Demand Share Forecast, 2019-2026
9. Latin America Laser Hair Removal Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Laser Hair Removal Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Laser Hair Removal Market Size and Volume Forecast by Types
     9.4.1. Alexandrite
     9.4.2. Nd: YAG
     9.4.3. Diode
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Laser Hair Removal Market Size and Volume Forecast by End Users
     9.7.1. Home Use
     9.7.2. Dermatology Clinics
     9.7.3. Beauty Clinics
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Laser Hair Removal Demand Share Forecast, 2019-2026
10. Europe Laser Hair Removal Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Laser Hair Removal Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Laser Hair Removal Market Size and Volume Forecast by Types
     10.4.1. Alexandrite
     10.4.2. Nd: YAG
     10.4.3. Diode
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Laser Hair Removal Market Size and Volume Forecast by End Users
     10.7.1. Home Use
     10.7.2. Dermatology Clinics
     10.7.3. Beauty Clinics
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Laser Hair Removal Demand Share Forecast, 2019-2026
11. Asia Pacific Laser Hair Removal Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Laser Hair Removal Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Laser Hair Removal Market Size and Volume Forecast by Types
     11.4.1. Alexandrite
     11.4.2. Nd: YAG
     11.4.3. Diode
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Laser Hair Removal Market Size and Volume Forecast by End Users
     11.7.1. Home Use
     11.7.2. Dermatology Clinics
     11.7.3. Beauty Clinics
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Laser Hair Removal Demand Share Forecast, 2019-2026
12. Middle East & Africa Laser Hair Removal Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Laser Hair Removal Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Laser Hair Removal Market Size and Volume Forecast by Types
     12.4.1. Alexandrite
     12.4.2. Nd: YAG
     12.4.3. Diode
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Laser Hair Removal Market Size and Volume Forecast by End Users
     12.7.1. Home Use
     12.7.2. Dermatology Clinics
     12.7.3. Beauty Clinics
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Laser Hair Removal Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Laser Hair Removal Market: Market Share Analysis
  13.2. Laser Hair Removal Distributors and Customers
  13.3. Laser Hair Removal Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Venus Concept Canada Corp.
     13.4.2. Aesthetics Medispa Private Ltd.
     13.4.3. Clear Skin Private Ltd.
     13.4.4. Strata Skin Sciences, Inc.
     13.4.5. Skin Solutions
     13.4.6. Solta Medical, Inc.
     13.4.7. Lynton Lasers Ltd.

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