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The global laser hair removal market exhibited strong growth during 2015-2020. Laser hair removal is a quick, non-invasive medical procedure that eliminates unwanted hair safely and effectively without damaging the surrounding skin. In this process, a concentrated beam of light is converted into heat, which assists in destroying the skin's tube-shaped sacs and delaying future hair growth. Compared to conventional procedures like waxing and threading, laser hair removal is considered less painful for sensitive areas like the legs, chin, armpits, upper lip, sideburns, and mustache. As a result, it is gaining widespread adoption for saving time, maintaining hygiene, improving physical appearance, and boosting self-esteem among individuals.
Inflating disposable incomes and improving standards of living are increasing the focus of people on personal grooming. This, coupled with the rising popularity of targeted treatments, represents one of the key factors bolstering the market growth. Moreover, rapid urbanization, in confluence with the growing awareness about dermatology treatments, is also contributing to the market growth. Additionally, the rising influence of social media platforms and celebrity endorsements are positively influencing the demand for laser hair removal procedures worldwide. Furthermore, numerous clinics are offering personalized treatment plans to maximize the effectiveness of laser hair removal methods, which is strengthening the market growth. Apart from this, several manufacturers are introducing laser devices that can be used at home for hair removal. The growing participation of individuals in different sports, along with the easy availability of these devices, is anticipated to expand the adoption of laser hair removal methods and facilitate routine practice. Looking forward, IMARC Group expects the global laser hair removal market to grow at a CAGR of around 18% during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global laser hair removal market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, laser type and end use.
Breakup by Laser Type:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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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