Laser Hair Removal Market Share, Size, and Scope 2030
The Laser hair removal market size is projected to reach US$ 1,465.70 million by 2030 from US$ 539.44 million in 2022. The market is expected to register a CAGR of 13.31% during 2022–2030. Advancements in laser hair removal products are likely to remain key trends in the market.
Laser Hair Removal Market Analysis
Laser hair removal market is driven by the increasing number of hair removal procedures and development of devices with combination of different modalities. Additionally, surging product innovation and launches by various market players followed by increased demand for permanent hair removal solution due to its safety and effectiveness are contributing the market growth. Moreover, rising popularity of laser-based hair removal among men creates lucrative opportunities in the coming years.
Laser Hair Removal Market Overview
the increasing number of hair removal procedures and development of devices with combination of different modalities are the major factors driving the market growth. North America dominated the laser hair removal market owing to the increasing cases of hair fall causing disorders such as Hirsutism, PCOS, and the rising number of hair removal treatments owing to the vast presence of beauty clinics in US and Canada. The growing medical tourism in Mexico for non-surgical beauty treatments is additionally driving the laser hair removal market in North America. Asia Pacific is anticipated to register the highest growth rate due to the rising incidence of skin rejuvenation, growing awareness of cosmetic procedures to improve aesthetic appeal, and the rise of its wealthy middle class. People have grown more aware of beauty issues, becoming well-informed about aesthetic treatments, and the increase in healthcare expenditure and availability of technological advancements in aesthetic products help boost the growth of the laser hair removal market in the region.
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Laser Hair Removal Market: Strategic Insights
Market Size Value in US$ 539.44 million in 2022 Market Size Value by US$ 1,465.70 million by 2030 Growth rate CAGR of 13.31% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Laser Hair Removal Market: Strategic Insights
| Market Size Value in | US$ 539.44 million in 2022 |
| Market Size Value by | US$ 1,465.70 million by 2030 |
| Growth rate | CAGR of 13.31% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Laser Hair Removal Market Drivers and Opportunities
Combination of Different Modalities to Favor Market
Many lasers and intense pulsed light (IPL) modalities have been introduced to treat multiple skin types and concerns. The combination of these modalities has emerged as one of the most recent and notable innovations in the laser hair removal market. The Duetto MT Evo from Lynton Lasers combines and delivers simultaneous emission of both a true Alexandrite 755 nm laser and Nd: YAG 1064 nm laser, which are individually considered as the gold standard lasers for hair removal on skin types 1–6. This combination renders this particular model exceptionally good at treating fine and fair hair, especially on the face.
The Quanta Systems Thunder MT system by Advanced Esthetics Solutions blends Alexandrite and Nd: YAG, delivering outstanding results in a wide range of treatments. The system uses both these wavelengths in simultaneous, sequential and singular modes, depending on the treatment and customers' needs. Optiscan TH head incorporated in Thunder TH allows for semiautomatic treatment of wide scanning areas, reducing the treatment time and making it more effective. Thunder is suitable for hair removal applications for all skin types. It is also used to treat vascular lesions, skin rejuvenation, pigmentation, and onychomycosis, among other issues. Thus, the introduction of laser hair removal devices with combined modalities boosts the overall laser hair removal market growth.
Rising Popularity of Laser-Based Hair Removal Among Men Creates Lucrative Opportunities
Laser hair removal is rapidly gaining traction in modern cosmetic dermatology. The standards of aesthetics and beauty are transforming every day for men and women alike. Men are willing to try out laser treatments for removing excessive hair, generally on the face, and neck, back, and chest parts. They especially appreciate the diode laser’s ability to remove even the coarsest hair from relatively large body areas. Getting rid of unwanted hair with the traditional methods is often painful, time-consuming, and gives temporary results that last for a few days to a few weeks. Therefore, just like women, men are also opting for long-lasting body hair removal treatments. Laser hair removal treatments for men offer a remarkable solution for eradicating pesky hair from hard-to-reach areas such as the back, shoulders, and buttocks, ensuring smooth and appealing surfaces.
This treatment is also deemed perfect for urban men who desire a neat and hygienic appearance, and it also serves as an ideal alternative to traditional hair removal methods that are tedious, time-consuming, and messy. Mankini laser hair removal is the male equivalent to full Brazilian laser hair removal. Mankini laser treatments are part of the growing manscaping trends amongst men.
Laser Hair Removal Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Laser hair removal market analysis are laser type, product type, end user.
- Based on laser type, the Laser hair removal market is segmented into Alexandrite laser, diode laser, and Nd:YAG laser. The diode laser segment held the largest market share in 2022.
- By cause, the market is segmented into multiple standard wavelength and Specific standard wavelength. The multiple standard wavelength segment held the largest share of the market in 2022.
- In terms of category, the market is classified into beauty clinics, dermatology clinics, hospitals, and home use. The beauty clinics segment held a significant share of the market in 2022.
Laser Hair Removal Market Share Analysis by Geography
The geographic scope of the Laser hair removal market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market owing to the increasing cases of hair fall causing disorders such as Hirsutism, PCOS, and the rising number of hair removal treatments owing to the vast presence of beauty clinics in US and Canada. The growing medical tourism in Mexico for non-surgical beauty treatments is additionally driving the laser hair removal market in North America. Moreover, new products launch in the region by major market players headquartered in the region. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Laser Hair Removal Market Report Scope
Laser Hair Removal Market News and Recent Developments
The Laser hair removal market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Laser hair removal market are listed below:
- Alma launched special edition of Soprano Titanium to enable faster and more efficient hair removal sessions. It offers the benefits of three synergistic wavelengths to take the concept of speed to a whole new level with superior results: SHR, a clinically-proven, virtually painless method of laser hair removal enables effective and comfortable treatments for all skin types. (Source: Alam, Press Release, March 2024)
- Braun launched new IPL hair removal system that auto-adjusts to user during treatment. This device can eliminate the need to remove hair for months — that's truly life-changing. (Source: Procter & Gamble, Company Website, May 2024)
- LUBEX is a brand specializing in beauty and personal care products and passionate about providing intelligent beauty solutions at home aim to innovate new technologies to better provide professional home beauty equipment and advocate for home beauty salon level care. (Source: LUBEX, Press Release, November 2022)
Laser Hair Removal Market Report Coverage and Deliverables
The “Laser Hair Removal Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Laser hair removal market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Laser hair removal market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Laser hair removal market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Laser hair removal market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Laser Type, Product Type, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
North America dominated the Laser hair removal market in 2022
The increasing number of hair removal procedures and development of devices with combination of different modalities are the driving factors impacting the Laser hair removal market
Advancements in laser hair removal products are the future trends of the Laser hair removal market
The leading players operating in the Laser hair removal market include Alma Lasers Ltd, Cutera Inc, Candela Corp, Cynosure Llc, Sciton Inc, Citation Spectrum LLC, Sinclair Pharma Ltd, Lutronic Co Ltd, Lumenis Be Ltd, Vertex Lasers Inc among others
The estimated value of the Laser hair removal market by 2030 is US$ 1,465.70 million
The expected CAGR of the Laser hair removal market is 13.31%
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Laser Hair Removal Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Laser Hair Removal Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Laser Hair Removal Market - Global Market Analysis
6.1 Laser Hair Removal - Global Market Overview
6.2 Laser Hair Removal - Global Market and Forecast to 2030
7. Laser Hair Removal Market – Revenue Analysis (USD Million) – By Laser Type, 2020-2030
7.1 Overview
7.2 Alexandrite Laser
7.3 Diode Laser
7.4 Nd:YAG Laser
7.5 Others
8. Laser Hair Removal Market – Revenue Analysis (USD Million) – By Product Type, 2020-2030
8.1 Overview
8.2 Multiple Standard Wavelengths
8.3 Specific Standard Wavelengths
9. Laser Hair Removal Market – Revenue Analysis (USD Million) – By End User, 2020-2030
9.1 Overview
9.2 Beauty Clinics
9.3 Dermatology Clinics
9.4 Hospitals
9.5 Home Use
10. Laser Hair Removal Market - Revenue Analysis (USD Million), 2020-2030 – Geographical Analysis
10.1 North America
10.1.1 North America Laser Hair Removal Market Overview
10.1.2 North America Laser Hair Removal Market Revenue and Forecasts to 2030
10.1.3 North America Laser Hair Removal Market Revenue and Forecasts and Analysis - By Laser Type
10.1.4 North America Laser Hair Removal Market Revenue and Forecasts and Analysis - By Product Type
10.1.5 North America Laser Hair Removal Market Revenue and Forecasts and Analysis - By End User
10.1.6 North America Laser Hair Removal Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Laser Hair Removal Market
10.1.6.1.1 United States Laser Hair Removal Market, by Laser Type
10.1.6.1.2 United States Laser Hair Removal Market, by Product Type
10.1.6.1.3 United States Laser Hair Removal Market, by End User
10.1.6.2 Canada Laser Hair Removal Market
10.1.6.2.1 Canada Laser Hair Removal Market, by Laser Type
10.1.6.2.2 Canada Laser Hair Removal Market, by Product Type
10.1.6.2.3 Canada Laser Hair Removal Market, by End User
10.1.6.3 Mexico Laser Hair Removal Market
10.1.6.3.1 Mexico Laser Hair Removal Market, by Laser Type
10.1.6.3.2 Mexico Laser Hair Removal Market, by Product Type
10.1.6.3.3 Mexico Laser Hair Removal Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. Pre and Post Covid-19 Impact
12. Industry Landscape
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. Laser Hair Removal Market - Key Company Profiles
14.1 Alma Lasers Ltd.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies
14.2 Cutera, Inc.
14.3 Citation Spectrum LLC
14.4 Sciton, Inc.
14.5 Candela Corporation
14.6 Cynosure LLC
14.7 Lumenis
14.8 Vertex Lasers Ltd.
14.9 Sinclair Pharma Ltd.
14.10 Lutronic Co. Ltd.
15. Appendix
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
The List of Companies – Laser Hair Removal Market
- Alma Lasers Ltd
- Cutera Inc
- Candela Corp
- Cynosure LLC
- Sciton Inc
- Citation Spectrum LLC
- Lutronic Co Ltd
- Sinclair Pharma Ltd
- Lumenis Be Ltd
- Vertex Lasers Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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