Global Laser Hair Removal Market Size, Trends & Growth Opportunity, By Laser Type (Diode, Nd:YAG, and Alexandrite), By End Use (Beauty Clinics, Dermatology Clinics, and Home Use), By Region and Forecast till 2030

Global Laser Hair Removal Market

Laser hair removal is defined as the process of hair removal by means of exposure to pulses of laser light that destroy the hair follicle. It is a kind of laser machine to remove body hair in global beauty spa & hospital. This is an effective method to remove unwanted hair from the face, leg, chin, arm, underarm, back, bikini line, and others. Lasers are able to remove the dark, coarse hair without damaging the surrounding skin. Regarding to its wavelengths, laser hair removal can be divided by multiple optimal wavelengths as well as specific standard wavelength.

Market Drivers

The increase in demand for non-invasive hair removal procedures is anticipated to drive the global laser hair removal market growth over the forecast period. Also, the shifting trend towards maintaining optimal aesthetic beauty is one of the prominent factors of the target market. Various technological advancements in aesthetic lasers are also contributing the global laser hair removal market growth. For example, the mixing of modalities, founded by Quanta Systems in the Thunder MT system is the recent innovations in the market. This technology is also used for other treatments such as blue veins that cannot be treated with Nd:YAG solely. Mixing modalities are gaining popularity with great results in just one treatment. It ensures specialists to operate photo-rejuvenation facials in around 15 minutes.

Furthermore, the increase in concerns regarding facial hairs, like hair growth on lips, chin, neck, and sideburn area, are also propelling the global laser hair removal market growth. Laser hair removal technology uses concentrated light beams that focus on hair follicles, absorbs the existing pigment, & destroys the hair. In addition, the easy availability of these devices in medical stores which offer personal care products is accelerating the product demand, thereby boosting the growth of global laser hair removal market.

Market Restraints

High cost associated with hair removal treatment at beauty centers or dermatology clinics is act as a major restraining factor which expected to hamper the global laser hair removal market growth. Also, Availability of alternative enhanced beauty treatment solutions as well as Vulnerable nature of supply of materials for laser treatments are posing a challenge to the global laser hair removal market growth.

Market Segmentation

The Global Laser Hair Removal Market is segmented into laser type such as Diode, Nd:YAG, and Alexandrite. The Diode segment is expected to hold the maximum share over the global laser hair removal market. Diode lasers selectively target a particular body part as well as effectively remove the hair without harming the surrounding skin of the area. Also, the reasonable time required for removing hair as per the body area & volume of hair is augmenting the product demand.

Further, market is segmented into end use such as Beauty Clinics, Dermatology Clinics, and Home Use. The beauty clinics is expected to hold the highest revenue share over the forecast period. Due to the quick adoption and wide usage of technologically advanced products in beauty clinics.

Regional Analysis

 Global Laser Hair Removal Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North America region expected hold highest market share for laser hair removal market, due to the rise in demand for hair removal procedures, the presence of well-established dermatology clinics, as well as the availability of skilled professionals in the region. Further, the APAC is anticipated to be the fastest-growing regional market during the forecast period due to the growing incidences of skin damage & increasing population, especially in China & India. Also, the change in lifestyle, increasing consumer disposable income and the rapidly expanding medical tourism industry in the emerging economies of APAC are supporting the growth of the global laser hair removal market.

Key Players

The key players focus on the growth strategies like mergers & acquisitions, development in existing devices, promotional events, and technological advancements. For instance, in 2018, Alma had acquired Medical Nova for business outreach and for establishing a direct operation in Israel. The aim of this acquisition is to maintain Alma’s leading position in the industry. Some of the key players in the global laser hair removal market include Syneron Medical Ltd., Alma Lasers, Ltd., Sciton, Inc., Cutera Inc., Lutronic Corp., Lumenis Ltd., Solta Medical, Inc., Lynton Lasers Ltd., Strata Skin Sciences, Inc., Venus Concept Canada Corp., etc.

Market Taxonomy

By Laser Type

• Diode
• Nd:YAG
• Alexandrite

By End Use

• Beauty Clinics
• Dermatology Clinics
• Home Use

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Laser Hair Removal Market?
• What will be the growth rate from 2019 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?