Laser Hair Removal Market to be Worth $2.10 Billion by 2031

Laser Hair Removal Market Size, Share, Forecast, & Trends Analysis by product (Diode, Nd:YAG, Alexandrite), Wavelength (Multiple, Specific Standard), End User (Hospitals, Dermatology Clinics, Beauty Clinics, Home Setting), Sex - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Laser Hair Removal Market Size, Share, Forecast, & Trends Analysis by Product (Diode, Nd:YAG, Alexandrite), Wavelength (Multiple, Specific Standard), End User (Hospitals, Dermatology Clinics, Beauty Clinics, Home Setting), Sex – Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the laser hair removal market is projected to reach $2.10 billion by 2031, at a CAGR of 9.8% during the forecast period. The growth of this market can be attributed to several factors, including the increasing prevalence of hormonal disorders leading to excessive hair growth, the increasing preference for non-invasive cosmetic procedures, advancements in laser technology, and increased spending on aesthetics. Furthermore, the high cost of laser hair removal devices and alternative hair removal methods are restraining the market growth.

Increasing awareness and benefits of laser hair removal and growing medical tourism in emerging economies are expected to offer growth opportunities for the players operating in this market. Moreover, safety concerns, side effects, and limited effectiveness on certain skin and hair types are challenges to the market’s growth. Also, increasing demand for at-home laser hair removal devices and the rising popularity of laser hair removal among men are growing trends in the laser hair removal market.

Key Players

The key players operating in the laser hair removal market are Cutera, Inc. (U.S.), Venus Concept Inc. (Canada), Candela Corporation (U.S.), Lynton Lasers (U.K.), Sciton, Inc. (U.S.), Lumenis Be Ltd. (Israel), Fotona d.o.o. (Slovenia), Alma Lasers Ltd. (Israel), Asclepion Laser Technologies UK Limited(U.K.), and Cynosure, LLC (U.S.)...

Laser Hair Removal Market: Future Outlook

The laser hair removal market is segmented based on Product (Diode Laser, Nd:YAG (neodymium-doped yttrium aluminum garnet) Laser, Alexandrite Laser, Other Products), Sex (Male, Female), Wavelength Type (Multiple Standard Wavelengths, Specific Standard Wave Lengths), End User (Hospitals & Clinics, Beauty Clinics, Dermatology Clinics, Home Setting), and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, the laser hair removal market is segmented into diode laser, Nd:YAG (neodymium-doped yttrium aluminum garnet) laser, alexandrite laser, and other product type. In 2024, the diode laser segment is expected to account for the largest share of 38.2% of the laser hair removal market. The large market share of this segment can be attributed to the technological advancements in laser hair removal technologies and benefits offered by the diode laser, such as precision, speed and efficiency, deeper penetration, and suitability for multiple skin types.

Based on sex, the laser hair removal market is segmented into female and male. In 2024, the female segment is expected to account for the larger share of the laser hair removal market. The large market share can be attributed to the rise in the number of laser hair removal surgeries among women due to aesthetics, which supports the segment’s large share in the market.

Based on end user, the laser hair removal market is segmented into hospitals & clinics, beauty clinics, dermatology clinics, and home setting. The beauty clinics segment is projected to register the highest CAGR of 11.4% during the forecast period of 2024-2031. This is due to the expansion of beauty clinics and the growing preference for non-invasive medical procedures.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 38.8% of the laser hair removal market, followed by Europe and Asia-Pacific. North America’s major market share is attributed to the technological advancements in laser hair removal technologies, the increasing number of hormonal disease cases, and increasing spending on aesthetics.

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Key Questions Answered in the Report:

Which are the high-growth market segments in the laser hair removal market by product, sex, end user, and geography?
What was the historical market size for products, sex, wavelength types, and end user across the globe?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the global laser hair removal market?
Who are the major players operating in the global laser hair removal market?
What is the competitive landscape like, and who are the market leaders in the global laser hair removal market?
What are the recent developments in the laser hair removal market?
What are the various strategies adopted by major players in the laser hair removal market?
What are the geographical trends and high-growth regions/countries?

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