According to Precision Business Insights (PBI), the latest report on the global diode laser hair removal systems market is valued at USD 277.5 million in 2021. The global diode laser hair removal systems market is segmented into the following types By laser type (Diode Laser, Nd: YAG laser and Alexandrite laser), by end use (beauty clinics, dermatology clinics and home use) and geography (North America, Europe, Asia-Pacific, American Latin and MEA) 2028. Key players profiled in the Diode Laser Hair Removal Systems Market report are Syneron Medical Ltd, Sciton, Inc, Alma Lasers, Ltd, Cynosure, Inc, Cutera Inc, Lumenis Ltd, Lutronic Corp, Lynton Lasers Ltd., Solta Medical, Inc, Strata Skin Sciences, Inc, Venus Concept Canada Corp Rising number of non-invasive treatment alternatives to drive product demand is driving the global market for laser hair removal systems at diode. The high costs associated with the devices are hampering the global diode laser hair removal systems market.
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The Diode segment dominates the market for diode laser hair removal systems:
The diode segment has acquired the major revenue share of the laser hair removal market in 2021. Major revenue is attributed to the high precision provided by these products. Diode lasers are able to target a specific part of the body and effectively damage the hair without damaging the skin surrounding the area. Additionally, the demand for the products is expected to increase due to the achievable time required for hair removal depending on body area and hair volume.
North America leads the market for diode laser hair removal systems:
North America holds the largest market share in 2021, in the diode laser hair removal systems market due to the growing demand for hair removal treatments, the presence of well-established dermatology clinics and the availability of various qualified professionals in the region. Rising demand for hair removal procedures and well-established dermatology clinics in the region are also driving the market. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to large population, especially in China and India.
Strategic new product launches, mergers, acquisitions, and agreements are the major strategies adopted by market players:
The global diode laser hair removal systems market further reveals that major players are increasingly adopting strategies such as new product launches, product launches and long-term alliances to enhance revenue share of the market and gain a significant geographical presence in the region. For example, in June 2020, GF Health Products, also known as Graham-Field, acquired a substantial stake in Gendron, one of the nation’s leading designers and manufacturers of mobile patient management.
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Based on Laser Type, the market is segmented as follows:
• Diode laser
• Nd:YAG laser
• Alexandrite laser
Based on end-user, the market is segmented as follows:
• Beauty clinics
• Dermatology clinics
• Use at home
Based on geography, the market is segmented as follows:
• North America
• Asia Pacific
• Latin America
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