The Global Laser Hair Removal Market Size was valued at USD 483.0 million in 2020 and is expected to grow by USD 1,619.7 million in 2028 at a CAGR of 16.7%. The growing trend of developed and emerging countries to improve their living standards bodes well for the medical aesthetics sector, particularly the laser hair removal industry. The combination of rising disposable income and a growing desire to improve external appearance, particularly among women, has resulted in to surge in laser hair removal treatment demand. Hair removal with laser equipment is one of the top 5 non-surgical treatments, accordance to the American Society of Aesthetic Plastic Surgery.
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Increasing Focus on Development of Combination Devices to Aid Growth
The most recent trend in the laser hair removal market is the company’s efforts to launch effective products that combine multiple technologies. The current method, which combines several items, is perfect for treating blue veins that are resistant to Nd: YAG alone. In addition, the mixed technology helps to remove hair in a single process. For instance, the Duetto MT Evo Lynton Laser provides alexandrite 755 nm and Nd: YAG 1064 nm at the same time. Venus Concept's Venus Velocity laser combines a diode laser with cooling technology for excellent hair removal and reduction. Such innovations are projected to increase demand for the product during the forecast period.
Technological Advancements in Products is Propelling Growth of the Market
Hair removal technology has drastically advanced from lasers to intense pulsed light (IPL) over the years. The first laser aesthetic device for hair removal was the ruby laser, which was created in 1960. Rapid advances in the hair removal industry have boosted the adoption of these devices since then. With lasers like a diode, Nd: YAG, and others, these devices can now reduce hair growth by 90-95%. Furthermore, the laser's improved cooling technology makes it more comfortable for patients. Motus AY launched the world's most innovative laser hair removal technology in January 2020.
Laser Hair Removal Market Segment as Follows:
Essential Players Operated in the Laser Hair Removal Market Report are:
Cutera. (California, U.S)
Venus Concept. (Toronto, Canada)
Cynosure LLC, (Massachusetts, U.S)
Fotona, (Texas, U.S)
Lumenis Be Ltd. (Israel)
Alma Lasers (Israel)
Sciton. (California, U.S)
Lynton Lasers Ltd (U.K.)
Venn Healthcare (U.K.)
Candela Medical (Massachusetts, U.S)
The Product Types can be Fragmented as:
Diode
Alexandrite
Nd: YAG
Others
Laser Hair Removal Market Segmentation by Application:
Hospitals
Medical Spas & Specialty Clinics
Others
Regions covered in this report are:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
The global Laser Hair Removal market research report validates industrial statistics through the use of available data from primary and secondary sources. It also contains qualitative and quantitative estimates of the important parameters. The global Laser Hair Removal market report is divided into sub-segments that can provide classified information about current marketing trends.
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Our global Laser Hair Removal market report research document is entirely dedicated to major market vendors, and our analysts have provided insightful details about the global Laser Hair Removal industry, as well as product benchmarking and SWOT analysis. The competitive landscape also explains critical development strategies, market revenue share, future trends, and a variety of other important factors.
