Laser Hair Removal Market Size [2027]


Pune, India, October 26, 2021 (GLOBE NEWSWIRE) – The world laser hair removal market The size is expected to reach $ 1,378.4 million by 2027, with a CAGR of 15.2% during the forecast period. The wide availability of advanced hair removal technologies will be one of the main growth drivers of this market, says Fortune Business Insights â„¢ in its report titled “Laser Hair Removal Market Size, Share and COVID Impact Analysis- 19, by Product (Diode, Alexandrite), Nd: YAG and Others), by End User (Hospitals, Medical Spas and Specialty Clinics and Others) and Regional Forecast, 2020-2027 ”.

Laser hair removal treatments are gaining popularity due to their proven effectiveness in preventing hair growth. To capture this trend, many companies have developed a portfolio of new hair removal systems based on laser technology. For example, Nordlys, a hair removal machine from Ellipse, uses both laser (Frax 1550 and Nd: YAG 1064) and Selective Waveband technology to perform hair removal procedures. Likewise, the Thunder MT system from Advanced Esthetics Solutions integrates Nd: YAG and Alexandrite lasers, allowing the machine to perform a wide range of hair treatments. Thus, the increasing availability of these innovative hair technologies will illuminate the prospects of this market in the years to come.

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Scope and segmentation of the report

Cover of the report Details
Forecast period 2021 to 2028
Forecast period 2021 to 2028 CAGR 16.7%
Projection of the value 2028 $ 1,619.7 million
Year of reference 2020
Market size in 2020 $ 483.0 million
Historical data for 2017 to 2019
Number of pages 98
Covered segments Product, End user
Growth drivers Increase non-invasive treatment options to fuel demand for products
Technological advancements in products are propelling market growth
High cost associated with devices to limit adoption

According to the report, the global market was worth $ 551.4 million in 2019. Other report highlights include:

  • Targeted analysis of the impact of COVID-19 on the market;
  • Detailed study of the factors, trends and constraints shaping the market;
  • Careful assessment of regional dynamics influencing the market; and
  • In-depth profiling and review of key market players and their strategies.

COVID regulations to stop the market progress

To contain the spread of the coronavirus, countries around the world have put in place strict measures in the form of containment and social distancing. With healthcare professionals focusing on treating patients with COVID-19, resources have been diverted from elective procedures. This sounded the death knell for the aesthetics industry and the growth of the laser hair removal market as most of the procedures and treatments in this area are not essential.

Additionally, fear of getting infected has deterred people from going to clinics and other health facilities, reducing the demand for hair removal and other cosmetic procedures. Many governments now allow partial resumption of services. However, companies are forced to follow strict guidelines and many of them adhere to them, keeping the safety of their customers as well as their employees in mind. For example, the New England-based Skin & Laser Surgery Center announced that it would implement recommendations issued by the Centers for Disease Control and Prevention (CDC) and the Occupational Safety and Health Administration (OSHA) in their list of “universal precautions”. .

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Increased purchasing power in India and China to fuel the Asia-Pacific market

Asia-Pacific, where the market size was USD 209.7 million in 2019, is expected to dominate the laser hair removal market growth during the forecast period owing to the increase in revenue. available and purchasing power in the rapidly developing economies of India and China. Another factor that is expected to propel the market in this region is the increasing accessibility of advanced hair removal treatments.

In North America, the market will be driven primarily by the enthusiastic adoption of modern aesthetic technologies in the region. This was made possible by the high spending capacity of the inhabitants of the region as well as a strong presence of specialized hair treatment clinics in the region. On the other hand, Europe is expected to maintain a leading position in the market, as reimbursement policies for non-essential procedures are extremely strong in the region.

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Product innovations to grab the attention of key players

Competition in this market is tight as key companies focus on the design and development of innovative products to attract customers. These players are also taking urgent measures to sustain their activity during the health crisis created by the coronavirus.

Industry Developments:

May 2020: The American medical device company, Lira Style, has launched its new aesthetics platform called “Cervello”. The platform is essentially a device for clinically proven laser hair removal procedures on all skin types, combining 1064 Long Pulsed YAG, 808 Diode and 755 Alexandrite.

January 2019: Alma Lasers announced the global launch of Soprano Titanium, its new laser hair removal system. It combines the company’s four proprietary technologies: 3D, simultaneous laser in three wavelengths; Quattro, an extra large spot size; ICE Plus, advanced cooling system; and Smart Clinic, a cloud-based business development platform.

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List of companies presented in this market report:

  • CORPORATION CANDELA (Massachusetts, United States)
  • Lynton Lasers Ltd (United Kingdom)
  • Alma lasers (Israel)
  • Fotona (Texas, United States)
  • Concept Venus (Toronto, Canada)
  • Venn Healthcare (UK)
  • Sciton, Inc. (California, United States)
  • Lumenis Ltd. (Israel)
  • Cynosure (Massachusetts, United States)
  • Cutera (California, United States)

Contents :

  • introduction
    • Market scope
    • Market segmentation
    • Market Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
  • Key ideas
    • Snapshot: Impact of COVID-19 on Laser Hair Removal
    • New product launch
    • Overview of the regulatory scenario
    • Key Industry Developments – Mergers, Acquisitions and Partnerships
  • Global Laser Hair Removal Market Analysis, Outlook and Forecast, 2016-2027
    • Main conclusions / summary
    • Market analysis, outlook and forecast By product
      • Diode
      • Alexandrite
      • Nd: YAG
      • Others
    • Market analysis, outlook and forecast By end user
      • Hospitals
      • Medical spas and specialized clinics
      • Others
    • Market analysis, outlook and forecast By geography
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
  • North America Laser Hair Removal Market Analysis, Outlook and Forecast, 2016-2027
    • Main conclusions / summary
    • Market analysis, outlook and forecast By product
      • Diode
      • Alexandrite
      • Nd: YAG
      • Others
    • Market analysis, outlook and forecast By end user
      • Hospitals
      • Medical spas and specialized clinics
      • Others
    • Market analysis, outlook and forecast By country
  • Europe Laser Hair Removal Market Analysis, Outlook and Forecast, 2016-2027
    • Main conclusions / summary
    • Market analysis, outlook and forecast By product
      • Diode
      • Alexandrite
      • Nd: YAG
      • Others
    • Market analysis, outlook and forecast By end user
      • Hospitals
      • Medical spas and specialized clinics
      • Others
    • Market analysis, outlook and forecast By country / sub-region
      • UK
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • The rest of europe
  • Asia-Pacific Laser Hair Removal Market Analysis, Outlook and Forecast, 2016-2027
    • Main conclusions / summary
    • Market analysis, outlook and forecast By product
      • Diode
      • Alexandrite
      • Nd: YAG
      • Others
    • Market analysis, outlook and forecast By end user
      • Hospitals
      • Medical spas and specialized clinics
      • Others
    • Market analysis, outlook and forecast By country / sub-region
      • Japan
      • China
      • India
      • Australia
      • South East Asia
      • Rest of Asia-Pacific

To continue…

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