What Has Been the Growth of the Laser Hair Remover Market So Far?
The laser hair remover market has seen considerable growth due to a variety of factors.
• The market size for laser hair removers has seen a significant expansion in the past few years. Its expected growth is from $0.92 billion in 2024 to $1.09 billion in 2025, with a compound annual growth rate (CAGR) of 18.7%.
The growth during the historical period is credited to an increased awareness about beauty and grooming, an upswing in disposable income, a shift away from traditional hair removal methods, marketing and branding strategies, and heightened accessibility and availability.
What Is the Forecasted Market Size and Growth Rate for The Laser Hair Remover Market Size In The Coming Years?
The laser hair remover market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the laser hair removal market is anticipated to experience an accelerated expansion in the coming years. By 2029, it is projected to reach $1.98 billion, demonstrating a compound annual growth rate (CAGR) of 16.0%.
The substantiated growth in the forecasted era could be contributed to an escalated demand for home-based gadgets, the transition to eco-friendly beauty norms, escalating acceptance and inclusivity, surge in internet-based beauty retail, as well as regulatory endorsement and norms. Leading trends during this period will likely encompass the incorporation of intelligent technologies, cutting-edge innovations in pulsed light devices, miniaturization of technology, enhancements in laser technology, and elevated utilization of IPL technology.
What Factors Are Driving Growth In The Laser Hair Remover Market?
The laser hair remover market is expected to boom due to the rising demand for aesthetic procedures. Aesthetic processes, which cover a wide variety of medical treatments that enhance physical appearance, often utilize laser hair removal to lessen the occurrence of ingrown hairs. This is done by directing intense light rays to hair follicles to reduce hair growth significantly. As an illustration, statistics from the International Society of Aesthetic Plastic Surgery (ISAPS), a professional body of board-certified aesthetic plastic surgeons in the U.S., noted that aesthetic surgeries globally saw an 11.2% increase in procedures conducted by plastic surgeons in 2022, with over 14.9 million surgical and 18.8 million non-surgical procedures carried out worldwide as of September 2023. As such, the escalating demand for aesthetic procedures is a key driver for the growth of the laser hair remover market.
What Are The Main Segments Of The Global Laser Hair Remover Market?
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
Subsegments:
1) By Multiple Standard Wavelengths: Diode Laser, Alexandrite Laser, Nd Laser, Others
2) By Specific Standard Wavelengths: 755 nm (Alexandrite), 810 nm (Diode), 1064 nm (Nd), Others
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What Emerging Trends Are Influencing The Growth Of The Laser Hair Remover Market?
Leading businesses in the laser hair removal market are introducing innovative products like the GentleMax Pro Plus, in order to provide unparalleled treatments. This device, specifically designed for laser hair removal, is also capable of dealing with rosacea, fine lines, wrinkles, and spider veins. In November 2022, the Canada-based Laser Medical Clinic introduced the GentleMax Pro Plus. The device features larger treatment areas, quicker pulse durations and higher repetition rates, enabling treatments to be more efficient and effective. With dual wavelengths of 755 nm Alexandrite and 1064 nm Nd:YAG, it caters to a wide variety of hair colors and skin types. The device's integrated cooling system increases patient comfort during treatments. The GentleMax Pro Plus is held as the industry standard for laser hair removal, earning high recommendations from dermatologists and medical professionals.
Who Are the Key Players In The Laser Hair Remover Market?
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.
• ScitonInc.
• 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
What Is The Most Dominant Region In The Laser Hair Remover Market?
North America was the largest region in the laser hair remover market in 2024. 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.
