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The global laser hair removal market size was valued at USD 1,237.33 million in 2023, driven by the rising demand and awareness for aesthetic services across the globe. The market is expected to grow at a CAGR of 16.4% during the forecast period of 2024-2032, with the values likely to attain USD 4,853.59 million by 2032.
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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.
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Market Breakup by Laser Type
Market Breakup by Wavelength
Market Breakup by Gender
Market Breakup by Age Group
Market Breakup by End User
Market Breakup by Region
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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.
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:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
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:
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Breakup by Laser Type |
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Breakup by Wavelength |
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Breakup by Gender |
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Breakup by Age Group |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 Laser Type
4.2.2 Analysis by End User
4.2.3 Analysis by Level
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 (2017-2032)
6.1 Global Laser Hair Removal Market (2017-2032) by Laser Type
6.1.1 Market Overview
6.1.2 Diode Laser
6.1.3 Nd:YAG Laser
6.1.4 Alexandrite laser
6.1.5 Others
6.2 Global Laser Hair Removal Market (2017-2032) 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 (2017-2032) by Gender
6.3.1 Market Overview
6.3.2 Male
6.3.3 Female
6.4 Global Laser Hair Removal Market (2017-2032) by Age Group
6.4.1 Market Overview
6.4.2 13-29
6.4.3 30-54
6.4.4 Above 55
6.5 Global Laser Hair Removal Market (2017-2032) by End User
6.5.1 Market Overview
6.5.2 Beauty Clinics
6.5.3 Dermatology Clinics
6.5.4 Hospitals
6.5.5 Home Use
6.6 Global Laser Hair Removal Market (2017-2032) by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Laser Hair Removal Market (2017-2032)
7.1 North America Laser Hair Removal Market (2017-2032) by Laser Type
7.1.1 Market Overview
7.1.2 Diode Laser
7.1.3 Nd:YAG Laser
7.1.4 Alexandrite laser
7.1.5 Others
7.2 North America Laser Hair Removal Market (2017-2032) by End User
7.2.1 Market Overview
7.2.2 Beauty Clinics
7.2.3 Dermatology Clinics
7.2.4 Hospitals
7.2.5 Home Use
7.3 North America Laser Hair Removal Market (2017-2032) by Country
7.3.1 United States of America
7.3.2 Canada
8 Europe Laser Hair Removal Market (2017-2032)
8.1 Europe Laser Hair Removal Market (2017-2032) by Laser Type
8.1.1 Market Overview
8.1.2 Diode Laser
8.1.3 Nd:YAG Laser
8.1.4 Alexandrite laser
8.1.5 Others
8.2 Europe Laser Hair Removal Market (2017-2032) by End User
8.2.1 Market Overview
8.2.2 Beauty Clinics
8.2.3 Dermatology Clinics
8.2.4 Hospitals
8.2.5 Home Use
8.3 Europe Laser Hair Removal Market (2017-2032) by Country
8.3.1 United Kingdom
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Others
9 Asia Pacific Laser Hair Removal Market (2017-2032)
9.1 Asia Pacific Laser Hair Removal Market (2017-2032) by Laser Type
9.1.1 Market Overview
9.1.2 Diode Laser
9.1.3 Nd:YAG Laser
9.1.4 Alexandrite laser
9.1.5 Others
9.2 Asia Pacific Laser Hair Removal Market (2017-2032) by End User
9.2.1 Market Overview
9.2.2 Beauty Clinics
9.2.3 Dermatology Clinics
9.2.4 Hospitals
9.2.5 Home Use
9.3 Asia Pacific Laser Hair Removal Market (2017-2032) by Country
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 ASEAN
9.3.5 Australia
9.3.6 Others
10 Latin America Laser Hair Removal Market (2017-2032)
10.1 Latin America Laser Hair Removal Market (2017-2032) by Laser Type
10.1.1 Market Overview
10.1.2 Diode Laser
10.1.3 Nd:YAG Laser
10.1.4 Alexandrite laser
10.1.5 Others
10.2 Latin America Laser Hair Removal Market (2017-2032) by End User
10.2.1 Market Overview
10.2.2 Beauty Clinics
10.2.3 Dermatology Clinics
10.2.4 Hospitals
10.2.5 Home Use
10.3 Latin America Laser Hair Removal Market (2017-2032) by Country
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Mexico
10.3.4 Others
11 Middle East and Africa Laser Hair Removal Market (2017-2032)
11.1 Middle East and Africa Laser Hair Removal Market (2017-2032) by Laser Type
11.1.1 Market Overview
11.1.2 Diode Laser
11.1.3 Nd:YAG Laser
11.1.4 Alexandrite laser
11.1.5 Others
11.2 Middle East and Africa Laser Hair Removal Market (2017-2032) by End User
11.2.1 Market Overview
11.2.2 Beauty Clinics
11.2.3 Dermatology Clinics
11.2.4 Hospitals
11.2.5 Home Use
11.3 Middle East and Africa Laser Hair Removal Market (2017-2032) by Country
11.3.1 Saudi Arabia
11.3.2 United Arab Emirates
11.3.3 Nigeria
11.3.4 South Africa
11.3.5 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 Departments
13.7 Analysis by Recipient Organization
14 Funding and Investment 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
17 Supplier Landscape
17.1 Cutera Inc.
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 Lumenis Limited
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 Koninklijke Philips N.V.,
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 Venus Concept Inc.
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 Alma Lasers (Sisram Medical)
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 Cynosure Inc.
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 Lutronic Corp.
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 Fotona
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 Lynton Lasers Ltd.
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 Sinclair Pharma
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 Candela Corporation
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 Solta Medical (Bausch Health Companies Inc.)
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
17.13 Sciton Inc.
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 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.
The market attained a value of about USD 1,237.33 million in 2023, driven by the rising demand and awareness around aesthetic procedures across the globe.
The market is anticipated to grow at a CAGR of 16.4% during the forecast period of 2024-2032, likely to reach a market value of USD 4,853.59 million by 2032.
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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