Market Overview:
The global laser hair removal market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for laser hair removal procedures owing to the benefits offered by them over other traditional methods such as shaving, waxing, and plucking. In addition, technological advancements in laser technology are also propelling the growth of this market. Based on type, the global laser hair removal market is segmented into multiple standard wavelengths and specific standard wavelengths. The multiple standard wavelength segment is further divided into Nd:YAG lasers, diode lasers, and Alexandrite lasers. The specific standard wavelength segment is further divided into ruby lasers, carbon dioxide (CO2) lasers, and Erbium:YAG (Er:YAG) lasers. Among these segments, the multiple standard wavelength segment held a major share of the global laser hair removal market in 2017 and this trend is expected to continue during the forecast period as well).
Product Definition:
Laser hair removal is a medical procedure that uses lasers to remove unwanted hair. Laser hair removal is most effective for people with light skin and dark hair.
Multiple Standard Wavelengths:
Multiple standard wavelengths are lasers with more than two wavelengths of light. Multiple standard wavelength lasers can be used for various applications such as skin rejuvenation, hair removal, and tattoo removal. The multiple standard wavelength laser treatment is safe and effective in treating the above-mentioned conditions.
The multiple standard Wavelengths (MSW) laser hair removal market is driven by factors such as increasing demand for non-invasive procedures coupled with technological advancements in this field.
Specific Standard Wavelength:
The specific standard wavelength is the smallest possible wavelength that can be used for a given application. For instance, if a laser at 635 nm can remove hair, then any other laser with similar wavelengths will also be able to remove hair. Wavelengths of light vary according to their source; for instance, sunlight has an average peak visible light wavelength of about 400-440 nm whereas LED has an average peak infrared (IR) radiation wavelength of about 1,000-1,200 nm.
Application Insights:
The beauty spa segment held the largest share of over 70.0% in 2017. The demand for laser hair removal services at spas and salons is increasing owing to the growing awareness about this procedure among consumers, especially in developed countries like U.S., Canada, and France where there are many well-established aestheticians and dermatologists who can perform laser treatments.
The hospital segment is expected to witness significant growth with a CAGR of XX% from 2018 to 2030 due largely to an increase in patients suffering from hair problems seeking professional help at hospitals across China, India, Brazil.
Regional Analysis:
North America dominated the global laser hair removal market in 2017. This is due to presence of a large number of aesthetic clinics and high spending power of consumers in this region. Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 owing to increasing awareness about various hair removal techniques, growing population with skin problems, and rising demand for beauty treatments from emerging countries such as China & India. Moreover, increasing disposable income levels will drive the regional market further.
The key players operating in this industry are L’Or©al SA; P&G; Procter & Gamble Company; Unilever Group; Johnson & Johnson Services Inc.; Est©e Lauder Cos Inc.; Avon Product Inc.; Beiersdorf AG etc.
Growth Factors:
- Increasing awareness about the benefits of laser hair removal over other hair removal methods.
- Rising disposable income of consumers, especially in developing countries, which is helping to boost the demand for laser hair removal services.
- Growing popularity of minimally invasive cosmetic procedures and the increasing demand for non-invasive treatments for various skin conditions are also propelling the growth of the laser hair removal market.
- Technological advancements in laser technology that are making these devices more efficient and user-friendly are contributing to market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Hair Removal Market Research Report
By Type
Multiple Standard Wavelengths, Specific Standard Wavelength
By Application
Beauty Spa, Hospital
By Companies
Hologic, Inc(Cynosure), Apax Partners(Syneron Candela), Fosun Pharma (Sisram), XIO Group (Lumenis), Elen s.p.a, Cutera, Lutronic, Venus Concept, Miracle Laser Systems, Inc, Valeant Pharmaceuticals (Solta Medical, Inc), Viora, Fotona, Sciton, Inc, Lynton Lasers Group, Sharplight Technologies Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Laser Hair Removal Market Report Segments:
The global Laser Hair Removal market is segmented on the basis of:
Types
Multiple Standard Wavelengths, Specific Standard Wavelength
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Beauty Spa, Hospital
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hologic, Inc(Cynosure)
- Apax Partners(Syneron Candela)
- Fosun Pharma (Sisram)
- XIO Group (Lumenis)
- Elen s.p.a
- Cutera
- Lutronic
- Venus Concept
- Miracle Laser Systems, Inc
- Valeant Pharmaceuticals (Solta Medical, Inc)
- Viora
- Fotona
- Sciton, Inc
- Lynton Lasers Group
- Sharplight Technologies Ltd
Highlights of The Laser Hair Removal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multiple Standard Wavelengths
- Specific Standard Wavelength
- By Application:
- Beauty Spa
- Hospital
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laser Hair Removal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Laser hair removal is a popular form of beauty treatment that uses lasers to remove unwanted hair from the skin. Lasers use light energy to destroy the follicle, which causes hair growth to stop.
Some of the major companies in the laser hair removal market are Hologic, Inc(Cynosure), Apax Partners(Syneron Candela), Fosun Pharma (Sisram), XIO Group (Lumenis), Elen s.p.a, Cutera, Lutronic, Venus Concept, Miracle Laser Systems, Inc, Valeant Pharmaceuticals (Solta Medical, Inc), Viora, Fotona, Sciton, Inc, Lynton Lasers Group, Sharplight Technologies Ltd.
The laser hair removal market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Hair Removal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laser Hair Removal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser Hair Removal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laser Hair Removal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laser Hair Removal Market Size & Forecast, 2020-2028
4.5.1 Laser Hair Removal Market Size and Y-o-Y Growth
4.5.2 Laser Hair Removal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Multiple Standard Wavelengths
5.2.2 Specific Standard Wavelength
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Beauty Spa
6.2.2 Hospital
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Hair Removal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laser Hair Removal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Multiple Standard Wavelengths
9.6.2 Specific Standard Wavelength
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Beauty Spa
9.10.2 Hospital
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Multiple Standard Wavelengths
10.6.2 Specific Standard Wavelength
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Beauty Spa
10.10.2 Hospital
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Multiple Standard Wavelengths
11.6.2 Specific Standard Wavelength
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Beauty Spa
11.10.2 Hospital
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Multiple Standard Wavelengths
12.6.2 Specific Standard Wavelength
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Beauty Spa
12.10.2 Hospital
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Multiple Standard Wavelengths
13.6.2 Specific Standard Wavelength
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Beauty Spa
13.10.2 Hospital
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laser Hair Removal Market: Competitive Dashboard
14.2 Global Laser Hair Removal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hologic, Inc(Cynosure)
14.3.2 Apax Partners(Syneron Candela)
14.3.3 Fosun Pharma (Sisram)
14.3.4 XIO Group (Lumenis)
14.3.5 Elen s.p.a
14.3.6 Cutera
14.3.7 Lutronic
14.3.8 Venus Concept
14.3.9 Miracle Laser Systems, Inc
14.3.10 Valeant Pharmaceuticals (Solta Medical, Inc)
14.3.11 Viora
14.3.12 Fotona
14.3.13 Sciton, Inc
14.3.14 Lynton Lasers Group
14.3.15 Sharplight Technologies Ltd
