Laser Hair Removal Market Size, Share, Forecast, & Trends Analysis by product (Diode, Nd:YAG, Alexandrite), Wavelength (Multiple, Specific Standard), End User (Hospitals, Dermatology Clinics, Beauty Clinics, Home Setting), Sex

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Laser Hair Removal Market Size, Share, Forecast, & Trends Analysis by product (Diode, Nd:YAG, Alexandrite) Wavelength (Multiple, Specific Standard) End User (Hospitals, Dermatology Clinics, Beauty Clinics, Home Setting), Sex-Global Forecast to 2031

The global laser hair removal market is projected to reach $2.10 billion by 2031 at a CAGR of 9.8% from 2024 to 2031.

Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report comprises the analysis of key industry drivers, restraints, challenges, and opportunities. The growth of the laser hair removal market is driven by the increasing prevalence of hormonal disorders leading to excessive hair growth, increasing preference for non-invasive cosmetic procedures, advancements in laser technology, and increasing spending on aesthetics. However, the high cost of laser hair removal devices and alternative hair removal methods restrain the growth of this market.

Furthermore, the growing medical tourism in emerging economies is expected to generate growth opportunities for the players operating in this market. However, safety concerns and side effects, and limited effectiveness on certain skin and hair types are major challenges impacting market growth.

The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments adopted by leading market players in the industry over four years (2021-2024). The key players operating in the global laser hair removal market are Cutera, Inc. (U.S.), Venus Concept Inc. (Canada), Candela Corporation (U.S.), Lynton Lasers (U.K.), Sciton, Inc. (U.S.), Lumenis Be Ltd. (Israel), Fotona d.o.o. (Slovenia), Alma Lasers Ltd. (Israel), Asclepion Laser Technologies UK Limited (U.K.), and Cynosure, LLC (U.S.).

Among all the products studied in this report, the diode laser segment is expected to account for the largest share of over 38.2% of the laser hair removal market. The segment's large market share is attributed to its effectiveness and suitability for wider skin and hair types. Diode lasers emit a single wavelength of light that is capable of breaking down melanin at a high impact. In this process, the melanin heats up, destroying the root and blood flow to the follicle and hindering hair growth permanently. It is a much safer option for all types of skin. Diode lasers are available in different sizes, allowing the suitability of treatment for smaller and higher body areas.

Among all the sex types studied in this report, in 2024, the female segment is expected to account for the largest share of the laser hair removal market. This is due to the increasing adoption of at-home laser hair removal devices among women and the long-lasting results ensured by laser hair removal. Laser hair removal provides a more permanent solution compared to waxing or shaving, reducing the need for multiple salon visits and reducing long-term costs.

Among all the end users studied in this report, in 2024, the hospitals & clinics segment is expected to account for the largest share over 55.2% of the laser hair removal market. Hospitals, clinics, and medical spas have a well-equipped infrastructure with technologically advanced instruments/devices and skilled professionals to provide effective cosmetic treatments to patients. As the demand for medical aesthetic procedures has increased among the population, the number of hospitals and medical spas has increased over the years.

An in-depth analysis of the geographical scenario of the global laser hair removal market provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2024, North America is expected to account for the largest share of over 38.8% of laser hair removal market. In the region in 2024, the U.S. is expected to account for the largest share of the laser hair removal market in North America. The large share of the regional market is attributed to the presence of major laser hair removal companies, technological advancements in laser hair technology, and the increasing incidence of health conditions caused by hormonal imbalances. For instance, according to the World Health Organization (WHO), in 2022, 8-13% of reproductive-aged women were diagnosed with polycystic ovarian syndrome (PCOS). Approximately 70% of affected women remain undetected globally.

Scope of the Report:

Laser Hair Removal Market Assessment-by Product

Diode Laser
Nd:YAG (neodymium-doped yttrium aluminum garnet) Laser
Alexandrite Laser
Other Products

Note: Other Products include Ruby Laser and Intense Pulsed Light (IPL).

Laser Hair Removal Market Assessment-by Sex

Female
Male

Laser Hair Removal Market Assessment-by Wavelength Type

Multiple Standard Wavelengths
Specific Standard Wavelengths

Laser Hair Removal Market Assessment-by End User

Hospitals & Clinics
Beauty Clinics
Dermatology Clinics
Home Settings

Laser Hair Removal Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K
- Italy
- Spain
- Switzerland
- Netherlands
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa

Product Code: MRHC - 1041233

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
- 2.3.3. Market Share Analysis
2.4. Assumptions for the Study

3. Executive Summary

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Increasing Prevalence of Hormonal Disorders Leading to Excessive Hair Growth
- 4.2.2. Increasing Preference for Non-invasive Cosmetic Procedures
- 4.2.3. Advancements in Laser Technology
- 4.2.4. Increasing Spending on Aesthetics
4.3. Restraints
- 4.3.1. High Cost of Laser Hair Removal Devices
- 4.3.2. Alternative Hair Removal Methods
4.4. Opportunities
- 4.4.1. Growing Medical Tourism in Emerging Economies
- 4.4.2. Increasing Awareness and Benefits of Laser Hair Removal
4.5. Challenges
- 4.5.1. Safety Concerns and Side Effects
- 4.5.2. Limited Effectiveness on Certain Skin and Hair Types
4.6. Trends
- 4.6.1. Increasing Demand for At-home Laser Hair Removal Devices
- 4.6.2. Rising Popularity of Laser Hair Removal among Men
4.7. Factor Analysis
4.8. Regulatory Analysis
4.9. Pricing Analysis
4.10. Case Studies
4.11. Porter's Five Forces Analysis

5. Laser Hair Removal Market Assessment-by Product

5.1. Overview
5.2. Diode Laser
5.3. Nd:YAG (neodymium-doped yttrium aluminum garnet) Laser
5.4. Alexandrite Laser
5.5. Other Products

6. Laser Hair Removal Market Assessment-by Sex

6.1. Overview
6.2. Female
6.3. Male

7. Laser Hair Removal Market Assessment-by Wavelength Type

7.1. Overview
7.2. Multiple Standard Wavelengths
7.3. Specific Standard Wave Lengths

8. Laser Hair Removal Market Assessment-by End User

8.1. Overview
8.2. Hospitals & Clinics
8.3. Beauty Clinics
8.4. Dermatology Clinics
8.5. Home Setting

9. Laser Hair Removal Market Assessment-by Geography

9.1. Overview
9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
9.3. Europe
- 9.3.1. Germany
- 9.3.2. France
- 9.3.3. U.K.
- 9.3.4. Italy
- 9.3.5. Spain
- 9.3.6. Switzerland
- 9.3.7. Netherlands
- 9.3.8. Rest of Europe
9.4. Asia-Pacific
- 9.4.1. Japan
- 9.4.2. China
- 9.4.3. India
- 9.4.4. Australia
- 9.4.5. South Korea
- 9.4.6. Rest of Asia-Pacific
9.5. Latin America
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
9.6. Middle East & Africa

10. Competition Analysis

10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
- 10.4.1. Industry Leaders
- 10.4.2. Market Differentiators
- 10.4.3. Vanguards
- 10.4.4. Emerging Companies
10.5. Market Share Analysis/Market Rankings of Key Players (2023)

11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

11.1. Cutera, Inc.
11.2. Venus Concept Inc.
11.3. Candela Corporation
11.4. Lynton Lasers
11.5. Sciton, Inc.
11.6. Lumenis Be Ltd.
11.7. Fotona d.o.o.
11.8. Alma Lasers Ltd.
11.9. Asclepion Laser Technologies UK Limited
11.10. Cynosure, LLC

(Note: SWOT analyses of the top 5 companies will be provided.)

12. Appendix

12.1. Available Customization
12.2. Related Reports