Laser Hair Removal Market Introduction and Overview
According to SPER Market Research, the Global Laser Hair Removal Market is estimated to reach USD 5.30 billion by 2033 with a CAGR of 17.73%.
The report includes an in-depth analysis of the Global Laser Hair Removal Market, including market size and trends, product mix, Applications, and supplier analysis. Laser hair removal is a non-invasive aesthetic process used to eliminate unwanted hair from places such as the face, leg, chin, back, arm, underarm, bikini line and others. A concentrated beam of light is employed in the laser hair removal treatment technique. To reach the hair follicles, intensely concentrated light is used in the operation. The laser light is absorbed by the pigment in the hair shaft, causing the follicle to heat up and become damaged, preventing future hair growth. Laser hair removal treatments include alexandrite laser hair removal, diode laser hair removal, ruby laser hair removal.
- 2022: Bison Medical, a medical equipment manufacturer, announced the debut of the Accento N dual alexandrite laser in February 2020, with two modes: 755nm long pulsed alexandrite laser and 1064nm long pulsed Nd: YAG laser. Hair removal and pigmented lesions are treated with the YAG laser.
- 2021: Candela Syneron, a healthcare firm, announced a collaboration with Merz Aesthetics, the world's largest medical aesthetic company, in January 2021, to give the broadest medical aesthetic portfolio. Increased self-awareness about aesthetic appearance among the young population drives the demand for laser hair removal treatment.
Market Opportunities and Challenges
The key reason for the market's outstanding development prospect is that consumers have seen a 90% reduction in hair growth. As a result, the effectiveness of laser-based hair removal technologies has increased market size and income. Laser technological improvements have resulted in the creation of more efficient and effective hair removal machines. These advancements have increased the procedure's safety and precision, making it more appealing to both customers and healthcare practitioners. Furthermore, laser hair removal is utilised for both cosmetic and medicinal purposes, such as hirsutism (excessive hair growth) and pilonidal cysts. This increased applicability has fuel the market's expansion even further.
However, one major obstacle to the industry, meanwhile, is the high expense of hair removal procedures at dermatology offices and beauty salons. In addition, the cost of the process varies based on the specific requirements of each patient as well as other elements including the size of the treated region, the number of treatments required, and other factors. Consequently, a large out-of-pocket expense has decreased the demand for these operations, which in turn has limited market expansion.
Market Competitive Landscape
Leading Companies invest heavily in research and development to innovate and create advanced laser technology for more effective and safer hair removal. These efforts result in devices with higher precision, better targeting, and less discomfort, making the operation more appealing to consumers. Major players develop their clinic networks and build a strong physical presence in important marketplaces in order to serve a wider range of customers. Some of the market's significant players include- Alma Lasers Ltd. (Sisram Medical Ltd.), Cutera Inc., Cynosure LLC, Lumenis Ltd., LUTRONIC Corporation, Lynton Lasers Ltd., Sciton Inc., Sharp Light Technologies Ltd., Solta Medical Inc. (Bausch Health Companies Inc.), Syneron Medical Ltd., Venus Concept Ltd.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Gender, By Age Group, By End User
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Alma Lasers Ltd. (Sisram Medical Ltd.), Cutera Inc, Cynosure LLC, Lumenis Ltd., Hitachi Ltd., LUTRONIC Corporation, Lynton Lasers Ltd., Sciton Inc., SharpLight Technologies Ltd., Solta Medical Inc. (Bausch Health Companies Inc.), Syneron Medical Ltd., Venus Concept Ltd. |
COVID-19 Impact on Global Laser Hair Removal Market
The COVID-19 epidemic is expected to have a Negative impact on the worldwide laser hair removal market's growth. In order to increase hospital capacity for COVID-19 patients, a number of clinics and hospitals underwent restructuring. Due of the epidemic, non-essential surgical procedures were cancelled. Laser hair removal methods are non-emergency cosmetic procedures that have severely reduced aesthetic companies' earnings. Furthermore, a dramatic drop in the population's monthly income is expected to have a detrimental influence on the laser hair removal business.
Key Target Audience
- Individuals seeking hair removal
- Beauty and Aesthetic Clinics/Spas
- Dermatologists and Plastic Surgeons
- Salons
- Athletes
- Individuals with Hirsutism
- Consumers with Skin Sensitivity
- Consumers with Specific Hair Types
- Medical Professionals
- Others
Our in-depth analysis of the Laser Hair Removal Market includes the following segments:
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By Type:
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Alexandrite laser hair removal
Diode laser hair removal
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By Gender:
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Male
Female
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By Age group:
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13 to 29
30 to 54
55 to 69
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By End User:
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Hospitals
Clinic
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report
- Global Laser Hair Removal Market Size (FY’2023-FY’2033)
- Overview of Global Laser Hair Removal Market
- Segmentation of Global Laser Hair Removal Market By Type (Alexandrite laser hair removal, Diode laser hair removal)
- Segmentation of Global Laser Hair Removal Market By Gender (Male, Female)
- Segmentation of Global Laser Hair Removal Market By Age Group (13 to 29, 30 to 54, 55 to 69)
- Segmentation of Global Laser Hair Removal Market By End User (Hospitals, Clinic, others.)
- Statistical Snap of Global Laser Hair Removal Market
- Expansion Analysis of Global Laser Hair Removal Market
- Problems and Obstacles in Global Laser Hair Removal Market
- Competitive Landscape in the Global Laser Hair Removal Market
- Impact of COVID-19 and Demonetization on Global Laser Hair Removal Market
- Details on Current Investment in Global Laser Hair Removal Market
- Competitive Analysis of Global Laser Hair Removal Market
- Prominent Players in the Global Laser Hair Removal Market
- SWOT Analysis of Global Laser Hair Removal Market
- Global Laser Hair Removal Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Laser Hair Removal Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Laser Hair Removal Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Laser Hair Removal Market
7. Global Laser Hair Removal Market, By Type (USD Million)
7.1. Global Laser Hair Removal Market Value Share and Forecast, By Type, 2023-2033
7.2. Alexandrite laser hair removal
7.3. Diode laser hair removal
8. Global Laser Hair Removal Market, By Gender (USD Million)
8.1. Global Laser Hair Removal Market Value Share and Forecast, By Gender, 2023-2033
8.2. Male
8.3. Female
9. Global Laser Hair Removal Market, By Age group (USD Million)
9.1. Global Laser Hair Removal Market Value Share and Forecast, By Age group, 2023-2033
9.2. 13 to 29
9.3. 30 to 54
9.4. 55 to 69
10. Global Laser Hair Removal Market, By End User (USD Million)
10.1. Global Laser Hair Removal Market Value Share and Forecast, By End user, 2023-2033
10.2. Hospitals
10.3. Clinic
11. Global Laser Hair Removal Market Forecast, 2019-2033 (USD Million)
11.1. Global Laser Hair Removal Market Size and Market Share
12. Global Laser Hair Removal Market, By Type, 2019-2033 (USD Million)
12.1. Global Laser Hair Removal Market Size and Market Share By Type (2019-2026)
12.2. Global Laser Hair Removal Market Size and Market Share By Type (2027-2033)
13. Global Laser Hair Removal Market, By Gender, 2019-2033 (USD Million)
13.1. Global Laser Hair Removal Market Size and Market Share By Gender (2019-2026)
13.2. Global Laser Hair Removal Market Size and Market Share By Gender (2027-2033)
14. Global Laser Hair Removal Market, By Age Group, 2019-2033 (USD Million)
14.1. Global Laser Hair Removal Market Size and Market Share By Age Group (2019-2026)
14.2. Global Laser Hair Removal Market Size and Market Share By Age Group (2027-2033)
15. Global Laser Hair Removal Market, By End User, 2019-2033 (USD Million)
15.1. Global Laser Hair Removal Market Size and Market Share By End User (2019-2026)
15.2. Global Laser Hair Removal Market Size and Market Share By End User (2027-2033)
16. Global Laser Hair Removal Market, By Region, 2019-2033 (USD Million)
16.1. Global Laser Hair Removal Market Size and Market Share By Region (2019-2026)
16.2. Global Laser Hair Removal Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. Alma Lasers Ltd. (Sisram Medical Ltd.)
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Cutera Inc
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Cynosure LLC
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Lumenis Ltd.
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. LUTRONIC Corporation
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Lynton Lasers Ltd.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Sciton Inc.
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Sharp Light Technologies Ltd.
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Syneron Medical Ltd.
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Venus Concept Ltd.
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
