The laser hair remover global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Laser Hair Remover Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The laser hair remover market size has grown rapidly in recent years. It will grow from $0.77 billion in 2023 to $0.92 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to increasing beauty and grooming consciousness, rising disposable income, shift from traditional hair removal methods, marketing and branding strategies, increased availability and accessibility.
The laser hair remover market size is expected to see rapid growth in the next few years. It will grow to $1.71 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to rising demand for at-home devices, shift towards sustainable beauty practices, widening acceptance and inclusivity, rise in online beauty retail, regulatory support and standards:. Major trends in the forecast period include integration of smart technologies, technological innovations in pulsed light device, technological miniaturization, advancements in laser technology, increased adoption of ipl technology.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing demand for aesthetic procedures is expected to propel the growth of the laser hair remover market going forward. Aesthetic procedures refer to a wide range of medical treatments and interventions aimed at enhancing a person’s physical appearance. Laser hair removal is used in aesthetic procedures to reduce the incidence of ingrown hairs by using concentrated light beams to target and damage hair follicles, resulting in a significant reduction in hair growth. For instance, in September 2023, according to the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional body for board-certified aesthetic plastic surgeons, globally aesthetic surgeries increased by 11.2% procedures performed by plastic surgeons in 2022, with more than 14.9 million surgical and 18.8 million non-surgical procedures performed worldwide. Therefore, the increasing demand for aesthetic procedures is driving the growth of the laser hair remover market.
Market Trends –
Major companies operating in the laser hair remover market are developing innovative products, such as, GentleMax Pro Plus to provide unmatched treatment. The GentleMax Pro Plus is a laser hair removal device designed to deliver superior performance in various treatments, including laser hair removal, rosacea, fine lines and wrinkles, and spider veins. For instance, in November 2022, Laser Medical Clinic, a Canada-based medical cosmetic clinic, launched GentleMax Pro Plus. The device offers larger treatment spots, shorter pulse durations, and higher repetition rates, allowing for more efficient and effective treatments. Equipped with dual wavelengths of 755 nm Alexandrite and 1064 nm Nd:YAG, it is suitable for a wide range of hair colors and skin types. The built-in cooling system enhances patient comfort during the procedures. The GentleMax Pro Plus is recognized as the gold standard in laser hair removal and is highly recommended by dermatologists and medical professionals.
The laser hair remover market covered in this report is segmented –
1) By Product: Diode, Alexandrite, Nd: YAG, Other Products
2) By Frequency Type: Multiple Standard Wavelengths, Specific Standard Wavelengths
3) By Gender: Male, Female
4) By End Use: Beauty Clinics, Dermatology Clinics, Hospitals, Home Use
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Regional Insights –
North America was the largest region in the laser hair remover market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser hair remover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the laser hair remover market report are Merz Pharma GmbH & Co. KGaA, Shanghai Fosun Pharmaceutical Co.Ltd., Cynosure LLC, Bausch Health Companies Inc., Lumenis Ltd. , Sinclair Pharma Ltd., Cutera Inc. , Bosley Inc., Lutronic Corporation , Alma Lasers Ltd., Sciton, Inc. , Candela Corporation , Venus Concept , Solta Medical Inc. , Fotona d.o.o, Viora Inc. , SharpLight Technologies Ltd., SkinMD, Beijing Sanhe Beauty S&T Co., Ltd., Lynton Lasers Ltd., Theradome, Venn Healthcare, Lira Style, Canada MedLaser Inc., Krupa Medi Scan, Citation Spectrum Llc
Table of Contents
1. Executive Summary
2. Laser Hair Remover Market Report Structure
3. Laser Hair Remover Market Trends And Strategies
4. Laser Hair Remover Market – Macro Economic Scenario
5. Laser Hair Remover Market Size And Growth
…..
27. Laser Hair Remover Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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