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Report Overview

The global laser hair removal market size was valued at USD 1440.25 Million in 2024, driven by the rising demand and awareness for aesthetic services across the globe. The market is expected to grow at a CAGR of 16.40% during the forecast period of 2025-2034, with the values likely to attain USD 6576.09 Million by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Laser Hair Removal Market

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Global Laser Hair Removal Market Overview

Approximately 40% of the female population experience unwanted hair, which may be normal, side effect of a medication, or an underlying pathological condition. Hence, laser-based hair removal has been experiencing significant growth in recent years. The market growth is driven by technical advancements, leading to the development of safe and efficient alternatives such as diode lasers, Alexandrite lasers, and Nd:YAG lasers. The awareness around the benefits of laser hair removal over conventional methods and rising accessibility to consumers are some of the significant market trends.

Integration of Artificial Intelligence and Robotics to Offer Precise Procedures

The medical landscape has been witnessing an increasing application of artificial intelligence and robotics aided procedures. This has positively impacted on the laser hair removal market growth as well. For instance, Dubai based Maria Medical Technology launched iLaser, a robot developed to automate laser hair removal process. It comes with a laser fit robotic arm and is controlled by an operator through a phone or a tablet. Enabled with 3D modelling cameras, it can detect patient’s skin type and has a thermal sensor that tracks the patients’ temperature throughout the hair removal session. The collaborative robot (also known as a cobot) is intended for human robot interaction and aims at offering more targeted, safe, efficient, and accurate laser treatments.

Rising Prevalence for Home-Use Devices

To facilitate easy hair removal, privacy and address the growing laser hair removal market demand, there has been a noticeable shift towards development and adoption of home-use laser hair removal devices. The market has been flooded with devices designed for specific body areas. Developed by Silk’n Beautiful Technology, Silk’n Jewel is a notable device that can remove unwanted hair from hard-to-access areas. Patented with HPL™ (Home Pulsed Light) technology and equipped with touch and glide technology and automatic light pulse system, the device can remove up to 92% of the hair.

Surge in FDA Approvals to Drive Increasing Laser Hair Removal Market Share

In March 2023, Shanghai based Omni Laser Skinology Co., Ltd. received FDA approval for their latest diode laser hair removal system. Ensuring user safety, the system is enabled with a 360 Monitor System that keeps the handpiece, water flow and temperature in check. The TEC condensator and sensor always maintains the temperature between 20-30 degrees. Moreover, it provides higher energy output than the competitors as well. The rising incidence of FDA approvals is a significant trend anticipated to boost the market growth in the upcoming years as well.

Laser Hair Removal Market By Segments

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Global Laser Hair Removal Market Segmentation

Market Breakup by Laser Type

  • Diode Laser
  • Nd:YAG Laser
  • Alexandrite laser
  • Others

Market Breakup by Wavelength

  • Multiple Strand Wavelengths
  • Specific Strand Wavelengths

Market Breakup by Gender

  • Male
  • Female

Market Breakup by Age Group

  • 13-29
  • 30-54
  • Above 55

Market Breakup by End User

  • Beauty Clinics
  • Dermatology Clinics
  • Hospitals
  • Home Use

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Laser Hair Removal Market By Region

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Global Laser Hair Removal Market Regional Analysis

North America, particularly United States and Canada, are expected to lead the laser hair removal market share. Factors such as increasing levels of consumer awareness, disposable income, and a rising focus on aesthetic procedures are significant factors contributing to the market growth. In addition, a robust medical infrastructure that can accommodate several advanced and artificial intelligence-based solutions for improved user experience and safety is another key aspect.

The Asia Pacific region is another market poised to experience significant growth in the forecast period. The growth can be attributed to an evolving perception of beauty along with a cultural shift towards beauty and wellness, especially in emerging economies such as China, India, and South Korea. In March 2023, Kedaara Capital, a private equity firm from India acquired majority stake in Oliva Skin & Hair Clinic for USD 65 million. This strategic investment serves as a significant indicator of the escalating demand for aesthetic services, including laser hair removal, in the region.

Global Laser Hair Removal Market: Competitor Landscape

In February 2023, Milan Laser, a prominent United States based laser hair removal service provider received growth equity investment from Wildcat Capital Management and Sixth Street, a global investment firm. The investment is aimed at improved marketing, business development and accelerating clinical expansion. In July 2023, Blackstone Tactical Opportunities also made an investment in Lazeo, a pioneering laser hair removal service provider in France. To cater to the increasing demand for aesthetic treatments, the market has been witnessing a significant growth in collaborations and partnerships to tap into the emerging markets.

The key features of the laser hair removal market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

  • Cutera Inc.
  • Lumenis Limited
  • Koninklijke Philips N.V.,
  • Venus Concept Inc.
  • Alma Lasers (Sisram Medical)
  • Cynosure Inc.
  • Lutronic Corp.
  • Fotona
  • Lynton Lasers Ltd.
  • Sinclair Pharma
  • Candela Corporation
  • Solta Medical (Bausch Health Companies Inc.)
  • Sciton Inc.

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Laser Type
  • Wavelength
  • Gender
  • Age Group
  • End User
  • Region
Breakup by Laser Type
  • Diode Laser
  • Nd:YAG Laser
  • Alexandrite laser
  • Others
Breakup by Wavelength
  • Multiple Strand Wavelengths
  • Specific Strand Wavelengths
Breakup by Gender
  • Male
  • Female
Breakup by Age Group
  • 13-29
  • 30-54
  • Above 55
Breakup by End User
  • Beauty Clinics
  • Dermatology Clinics
  • Hospitals
  • Home Use
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Cutera Inc.
  • Lumenis Limited
  • Koninklijke Philips N.V.,
  • Venus Concept Inc.
  • Alma Lasers (Sisram Medical)
  • Cynosure Inc.
  • Lutronic Corp.
  • Fotona
  • Lynton Lasers Ltd.
  • Sinclair Pharma
  • Candela Corporation
  • Solta Medical (Bausch Health Companies Inc.)
  • Sciton Inc.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market attained a value of about USD 1440.25 Million in 2024, driven by the rising demand and awareness around aesthetic procedures across the globe.

The market is anticipated to grow at a CAGR of 16.40% during the forecast period of 2025-2034, likely to reach a market value of USD 6576.09 Million by 2034.

The market demand is driven by 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.

Rising artificial intelligence integration in the laser hair removal devices is a major market trend. In February 2023, Dubai based Maria Medical Technology launched iLaser, a collaborative robot to automate laser hair removal process with the help of a laser fit robotic arm, enabled with 3D modelling cameras.

Based on laser types, the market is divided into diode, Nd:YAG, and alexandrite, among others.

It is divided into multiple strand and specific strand wavelengths.

The genders can be categorised into males and females.

Based on age group, the market can be segmented into 13-29, 30-54, and above 55.

The end-users in the market include beauty clinics, dermatology clinics, hospitals, and home use.

The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.

Key players involved in the market are Cutera Inc., Lumenis Limited, Koninklijke Philips N.V., Venus Concept Inc., Alma Lasers (Sisram Medical), Cynosure Inc., Lutronic Corp., Fotona, Lynton Lasers Ltd., Sinclair Pharma, Solta Medical (Bausch Health Companies Inc.), Sciton Inc., and Candela Corporation.

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