Portland, OR, Aug. 10, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the laser hair removal market accumulated profits worth $583.99 million in 2021 and are expected to reach $2.51 billion by 2031, registering a CAGR of 15.7% from 2022 to 2031. The market research provides a detailed analysis of swinging market trends, most important segments, value chain analysis, major investment business scenarios, regional space and competitive landscape. The study is a key source of information for giant players, entrepreneurs, shareholders and owners to generate new strategies for the future and take action to improve their market position. The report presents an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly changing industry.
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Report coverage and details:
|Year of reference||2021|
|Market size in 2021||$583.99 million|
|Market size in 2031||$2.51 billion|
|Number of pages in the report||322|
|Segments Covered||Type, gender, age range, end user and region|
|Drivers||Increase in laser hair removal methods, increase in new product launches, and increase in approvals of products used for laser hair removal treatment.|
|Increased awareness among young people for improving physical appearance and growing demand for laser hair removal therapy among the female population.|
|The increase in the number of key industry players producing new laser hair removal equipment and technique.|
|Opportunities||Increasing use of aesthetic methods for laser hair removal.|
|Constraints||High costs associated with laser hair removal and risks such as redness, swelling, pigmentation changes and skin irritation.|
Impact of Covid-19 on Laser Hair Removal Market–
- The COVID-19 pandemic has severely affected the expansion of the global laser hair removal market due to cancellation of non-essential surgeries with the pandemic outbreak.
- Declining monthly income of the global population during the COVID-19 pandemic has hurt the growth of the global market.
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The report offers detailed segmentation of the global laser hair removal market on the basis of type, gender, age group, end-user, and region. It provides in-depth analysis of each segment and sub-segment in tables and figures through which consumers can draw conclusion about market trends and outlook. Market report analysis helps organizations, investors, and entrepreneurs to understand which sub-segments are to be tapped to achieve huge growth in the coming years.
Based on type, the Alexandrite laser hair removal segment contributed the largest market share in 2021, accounting for more than two-fifths of the overall global laser hair removal market share. Moreover, this segment is expected to maintain its dominant status during the forecast period. The report also provides an overall analysis of segments such as Diode Laser Hair Removal and others.
Based on gender, the female segment held the largest share in 2021, contributing more than four-fifths of the overall global laser hair removal market share. Moreover, this segment is expected to contribute the highest market share by 2031. Furthermore, the segment is also expected to witness the fastest growth with a CAGR of almost 15.8% during the forecast period. . The report also provides an overall analysis of segments such as men.
On the basis of end-user, the hospital segment held the largest share in 2021, contributing nearly half of the overall global laser hair removal market share. Moreover, this segment is expected to maintain its dominance over the forecast period. However, the clinic segment is expected to register the highest CAGR of almost 16.5% from 2022 to 2031.
Based on region, North America contributed the highest market share in 2021, accounting for nearly two-fifths of the global laser hair removal market. The region is expected to make a major contribution to the global market share in 2031. Additionally, the Asia-Pacific laser hair removal market is expected to register the highest CAGR of 16.8% during the forecast period . The research also analyzes regions such as Europe and LAMEA.
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Key global laser hair removal market players analyzed in the research include La Mer Medical Spa & Yoga, Almas Laser, Solta Medica (Bausch Health Companies Inc.), Candela Corporation, Cutera, Cynosure, Hairline International Hair & Skin Clinic , Regeneveda, Sciton, Inc., Lira Style, Lumenis, LUTRONIC, Lynton Laser, Pure Luxe Medical, SEV Laser, SkinMD and Venus Concept.
The report assesses these major players in the global laser hair removal industry. These participants executed an array of key business strategies such as regional and customer base expansion, product development, strategic collaborations and joint ventures to expand product lines in global markets and extend market growth. global market. The market research report facilitates tracking the performance of each segment, the positioning of each product in the respective segments, and the impact of new technology product launches on the overall market size.
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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals, including Life sciencesconsumer goods, materials and chemicals, construction and manufacturing, food and beverages, energy and electricity, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All the data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the field concerned. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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