According to IMARC Group’s latest report, titled “Laser Hair Removal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global laser hair removal market is expected to exhibit a CAGR of 16.83% during 2022-2027. 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The global laser hair removal 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.
Laser Hair Removal Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the laser hair removal market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key 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.
- Venus Concept Ltd.
Key Market Segmentation:
The report has segmented the global laser hair removal market on the basis of laser type, end use and region.
Breakup by Laser Type:
Breakup by End Use:
- Beauty Clinics
- Dermatology Clinics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (Egypt, United Arab Emirates, Saudi Arabia, Turkey, Qatar, Iran, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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