According to the latest report by IMARC Group, titled "Laser Hair Removal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global laser hair removal market is expected to grow at a CAGR of 16.3% during 2023-2028. Laser hair removal is a non-invasive medical procedure that is generally adopted by dermatologists for removing unwanted hair from various parts of the body. It involves the use of a concentrated beam of light that penetrates into the hair follicles to destroy the hair growth. It is usually done over the underarm, legs, arms, face and bikini area to effectively delay the hair growth for a longer period without damaging the surrounding skin. Since laser hair removal is less painful than conventional hair removal procedures, such as waxing and threading, it is gaining widespread prominence among the masses.
Global Laser Hair Removal Market Trends:
The global market is primarily driven by the growing preference for maintaining an aesthetic appearance among the masses. This is supported by the shifting lifestyle preferences and the inflating disposable income levels of individuals. Additionally, continual technological advancements, such as the introduction of diode laser hair removal systems and intense pulsed light (IPL) tools, are gaining widespread prominence among the masses. In line with this, numerous leading players are heavily investing in product innovations, including the introduction of portable hair removal devices, which is also acting as a major growth-inducing factor. Furthermore, the increasing penetration of specialty clinics and medical spas, along with the emergence of home care salon services, is providing a boost to the demand for laser hair removal treatments across multiple countries. Some of the other factors driving the market growth include the development of aggressive marketing strategies and the rising investments in celebrity endorsements.
- On the basis of the laser type, the market has been segregated into the diode, alexandrite, Nd:YAG and others.
- Based on the end-use, the market has been segmented into beauty clinics, dermatology clinics and others.
- On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Alma Lasers Ltd. (Sisram Medical Ltd.), Cutera Inc., Cynosure LLC, Lumenis Ltd., LUTRONIC Corporation, Lynton Lasers Ltd., Sciton Inc., SharpLight Technologies Ltd., Solta Medical Inc. (Bausch Health Companies Inc.), Syneron Medical Ltd. and Venus Concept Ltd.
|Base Year of the Analysis
||Laser Type, End Use, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Alma Lasers Ltd. (Sisram Medical Ltd.), Cutera Inc., Cynosure LLC, Lumenis Ltd., LUTRONIC Corporation, Lynton Lasers Ltd., Sciton Inc., SharpLight Technologies Ltd., Solta Medical Inc. (Bausch Health Companies Inc.), Syneron Medical Ltd. and Venus Concept Ltd.
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