Laser Hair Remover Market Size, Insights, Outlook, and Overview by 2024-2033

Overview and Scope

A laser hair remover is a medical or cosmetic device designed for the removal or reduction of unwanted body hair through the use of laser technology. They are used to target the hair follicles with concentrated light, effectively inhibiting future hair growth.

Sizing and Forecast

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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Segmentation & Regional Insights

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

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.

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Major Driver Impacting Market Growth

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.

Key Industry Players

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

The laser hair remover market report table of contents includes:

1. Executive Summary
2. Laser Hair Remover Market Characteristics
3. Laser Hair Remover Market Trends And Strategies
4. Laser Hair Remover Market – Macro Economic Scenario
5. Global Laser Hair Remover Market Size and Growth
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32. Global Laser Hair Remover Market Competitive Benchmarking
33. Global Laser Hair Remover Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Laser Hair Remover Market
35. Laser Hair Remover Market Future Outlook and Potential Analysis
36. Appendix

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