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Global Laser Hair Removal Market: By Type: Diode laser, Nd:YAG, Alexandrite laser; By End Use: Beauty Clinics, Dermatology Clinics, Home use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Laser Hair Removal Market Outlook
The laser hair removal market size was estimated at USD 1063 million in 2022. The market is further projected to grow at a CAGR of 16.4% between 2023 and 2028.
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The increasing number of laser hair removal machines cleared by the FDA, which are relatively cheaper in prices than other processes, generate countless growth opportunities for the industry. In addition, the industry is further driven by the rising disposable incomes and its high growth potential in developing nations like China and India.
Market Segmentation
The global laser hair removal industry can be divided based on segments like types and end-uses.
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On the basis of type, the industry is divided into diode laser, Nd: YAG, and alexandrite laser.
The industry, based on its end-uses, is categorised into:
- Beauty Clinics
- Dermatology Clinics
- Home Use
The EMR report looks into the regional laser hair removal market like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Market Analysis
The rising awareness regarding the safety provided by laser hair removal devices and the advancement in technology, such as blending modalities in Thunder MT version by Quanta Systems, are contributing to the growth of the industry. Thunder MT, the latest and most powerful laser technology, is also efficient for other treatments such as blue veins. It enables facial photo-rejuvenation to be operated in just 15 minutes by experts.
The easy availability of laser hair removal services beyond professional business and in commercial spaces like malls is expected to drive the growth of the industry. The increasing demand for hair removal laser systems with rising disposable incomes is driving the development of the industry. In these instruments, advanced technology is increasingly being implemented to satisfy the consumers. The easy accessibility of these devices is further aiding the industry growth. The rising adoption of laser hair removal for men is expected to support the market growth. The ability to perform cost-effective laser hair removal at home is also expected to aid the industry growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global laser hair removal market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Alma Lasers GMBH
- Cynosure, LLC
- Lumenis Be Ltd.
- Venus Concept Inc.
- Apax Partners LLP
- Candela Corporation
- LUTRONIC INC.
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces. The comprehensive report gives a thorough laser hair removal market analysis covering the macro and micro aspects of the industry.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region |
| Breakup by Type | Diode laser, Nd:YAG, Alexandrite laser |
| Breakup by End Use | Beauty Clinics, Dermatology Clinics, Home Use |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Alma Lasers GMBH, Cynosure, LLC, Lumenis Be Ltd., Venus Concept Inc., Apax Partners LLP, Candela Corporation, LUTRONIC INC., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Laser Hair Removal Market Analysis
8.1 Key Industry Highlights
8.2 Global Laser Hair Removal Historical Market (2018-2022)
8.3 Global Laser Hair Removal Market Forecast (2023-2028)
8.4 Global Laser Hair Removal Market by Type
8.4.1 Diode Laser
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Nd:YAG
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Alexandrite laser
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Laser Hair Removal Market by End Use
8.5.1 Beauty Clinics
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Dermatology Clinics
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Home Use
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Laser Hair Removal Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Price Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Alma Lasers GMBH
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Cynosure, LLC
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Lumenis Be Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Venus Concept Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Apax Partners LLP
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Candela Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 LUTRONIC INC.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Laser Hair Removal Market: Key Industry Highlights, 2016 and 2027
2. Global Laser Hair Removal Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Laser Hair Removal Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Laser Hair Removal Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Laser Hair Removal Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Laser Hair Removal Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Laser Hair Removal Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Laser Hair Removal Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Laser Hair Removal Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Laser Hair Removal Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Laser Hair Removal Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Laser Hair Removal Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Laser Hair Removal Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Laser Hair Removal Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Laser Hair Removal Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Laser Hair Removal Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Laser Hair Removal Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Laser Hair Removal Market Structure
Key Questions Answered in the Report
The global laser hair removal market reached a value of USD 1063 million in 2022.
The laser hair removal market is projected to grow at a CAGR of nearly 16.4% in the forecast period of 2023-2028.
The major drivers of the market include the rising disposable incomes, increasing population, easy availability of services beyond professional business and in commercial spaces like malls, advanced technology, rising adoption by men, and the ability to perform cost-effective laser hair removal at home.
The rising awareness regarding the safety provided by the devices and the advancement in technology, such as blending modalities, are expected to be the key trends guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading types of laser hair removal in the industry are diode laser, Nd: YAG, and Alexandrite laser.
The significant end use sectors in the market are beauty clinics, dermatology clinics, and home use.
The leading players in the market are Alma Lasers GMBH, Cynosure, LLC, Lumenis Be Ltd., Venus Concept Inc., Apax Partners LLP, Candela Corporation, LUTRONIC INC., Others.
Analyst Review
The global laser hair removal market attained a value of USD 1063 million in 2022, driven by the rising awareness regarding the safety provided by laser hair removal devices. Aided by the advancement in technology, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 16.4%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into diode laser, Nd: YAG, and Alexandrite laser. On the basis of end use, the industry can be segmented into beauty clinics, dermatology clinics, and home use. The major regional markets of laser hair removal are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Alma Lasers GMBH, Cynosure, LLC, Lumenis Be Ltd., Venus Concept Inc., Apax Partners LLP, Candela Corporation, LUTRONIC INC., Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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