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Global Laser Hair Removal Market Size, Growth, Forecast: By Laser Type: Diode Laser, Nd:YAG Laser, Alexandrite laser; By Wavelength: Multiple Strand Wavelengths, Specific Strand Wavelengths; By Gender: Male, Female; By End User: Beauty Clinics, Dermatology Clinics, Others; Regional Analysis; Supplier Landscape; 2024-2032
Global Laser Hair Removal Market Outlook
The laser hair removal market size attained a value of USD 1440.25 million in 2023. The market is anticipated to grow further at a CAGR of 23.2% during the forecast period of 2024-2032 to attain a value of USD 7654.68 million by 2032.
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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.
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.
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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 | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Laser Type |
|
| Breakup by Wavelength |
|
| Breakup by Gender |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
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| 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
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Laser Hair Removal Market Overview
3.1 Global Laser Hair Removal Market Historical Value (2017-2023)
3.2 Global Medical Laser Hair Removal Forecast Value (2024-2032)
4 Global Laser Hair Removal Market Landscape
4.1 Global Laser Hair Removal Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Laser Hair Removal Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Level
4.2.3 Analysis by End User
5 Global Laser Hair Removal Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Laser Hair Removal Market Segmentation
6.1 Global Laser Hair Removal Market by Laser Type
6.1.1 Market Overview
6.1.2 Diode Laser
6.1.3 Nd:YAG Laser
6.1.4 Alexandrite laser
6.2 Global Laser Hair Removal Market by Wavelength
6.2.1 Market Overview
6.2.2 Multiple Strand Wavelengths
6.2.3 Specific Strand Wavelengths
6.3 Global Laser Hair Removal Market by Gender
6.3.1 Market Overview
6.3.2 Male
6.3.3 Female
6.4 Global Laser Hair Removal Market by End User
6.4.1 Market Overview
6.4.2 Beauty Clinics
6.4.3 Dermatology Clinics
6.4.4 Hospitals
6.4.5 Home Use
6.5 Global Laser Hair Removal Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Laser Hair Removal Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Laser Hair Removal Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Laser Hair Removal Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Laser Hair Removal Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Laser Hair Removal Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Orion Health group of companies.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Allscripts Healthcare, LLC
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Infor.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Cerner Corporation
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 iNTERFACEWARE Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 NXGN Management
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Epic Systems Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Koninklijke Philips N.V.,
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 ViSolve.com
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Jitterbit
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 SAKSOFT
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 NXGN Management, LLC,
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
18 Global Laser Hair Removal Market- Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The laser hair removal market was valued at USD 1440.25 million in 2023.
The market is expected to grow at a CAGR of 23.2% from 2024 to 2032 to reach a value of USD 7654.68 million by 2032.
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.
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