Laser Hair Removal Market Growth Opportunities and Forecast by 2030

The Laser hair removal market size is projected to reach US$ 1,465.70 million by 2030 from US$ 539.44 million in 2022. The market is expected to register a CAGR of 13.31% during 2022–2030. Advancements in laser hair removal products are likely to remain key trends in the market.

Laser Hair Removal Market Analysis

Laser hair removal market is driven by the increasing number of hair removal procedures and development of devices with combination of different modalities. Additionally, surging product innovation and launches by various market players followed by increased demand for permanent hair removal solution due to its safety and effectiveness are contributing the market growth. Moreover, rising popularity of laser-based hair removal among men creates lucrative opportunities in the coming years.

Laser Hair Removal Market Overview

the increasing number of hair removal procedures and development of devices with combination of different modalities are the major factors driving the market growth. North America dominated the laser hair removal market owing to the increasing cases of hair fall causing disorders such as Hirsutism, PCOS, and the rising number of hair removal treatments owing to the vast presence of beauty clinics in US and Canada. The growing medical tourism in Mexico for non-surgical beauty treatments is additionally driving the laser hair removal market in North America. Asia Pacific is anticipated to register the highest growth rate due to the rising incidence of skin rejuvenation, growing awareness of cosmetic procedures to improve aesthetic appeal, and the rise of its wealthy middle class. People have grown more aware of beauty issues, becoming well-informed about aesthetic treatments, and the increase in healthcare expenditure and availability of technological advancements in aesthetic products help boost the growth of the laser hair removal market in the region.

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Laser Hair Removal Market: Strategic Insights

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Laser Hair Removal Market Drivers and Opportunities

Combination of Different Modalities to Favor Market

Many lasers and intense pulsed light (IPL) modalities have been introduced to treat multiple skin types and concerns. The combination of these modalities has emerged as one of the most recent and notable innovations in the laser hair removal market. The Duetto MT Evo from Lynton Lasers combines and delivers simultaneous emission of both a true Alexandrite 755 nm laser and Nd: YAG 1064 nm laser, which are individually considered as the gold standard lasers for hair removal on skin types 1–6. This combination renders this particular model exceptionally good at treating fine and fair hair, especially on the face.

The Quanta Systems Thunder MT system by Advanced Esthetics Solutions blends Alexandrite and Nd: YAG, delivering outstanding results in a wide range of treatments. The system uses both these wavelengths in simultaneous, sequential and singular modes, depending on the treatment and customers' needs. Optiscan TH head incorporated in Thunder TH allows for semiautomatic treatment of wide scanning areas, reducing the treatment time and making it more effective. Thunder is suitable for hair removal applications for all skin types. It is also used to treat vascular lesions, skin rejuvenation, pigmentation, and onychomycosis, among other issues. Thus, the introduction of laser hair removal devices with combined modalities boosts the overall laser hair removal market growth.

Rising Popularity of Laser-Based Hair Removal Among Men Creates Lucrative Opportunities

Laser hair removal is rapidly gaining traction in modern cosmetic dermatology. The standards of aesthetics and beauty are transforming every day for men and women alike. Men are willing to try out laser treatments for removing excessive hair, generally on the face, and neck, back, and chest parts. They especially appreciate the diode laser’s ability to remove even the coarsest hair from relatively large body areas. Getting rid of unwanted hair with the traditional methods is often painful, time-consuming, and gives temporary results that last for a few days to a few weeks. Therefore, just like women, men are also opting for long-lasting body hair removal treatments. Laser hair removal treatments for men offer a remarkable solution for eradicating pesky hair from hard-to-reach areas such as the back, shoulders, and buttocks, ensuring smooth and appealing surfaces.

This treatment is also deemed perfect for urban men who desire a neat and hygienic appearance, and it also serves as an ideal alternative to traditional hair removal methods that are tedious, time-consuming, and messy. Mankini laser hair removal is the male equivalent to full Brazilian laser hair removal. Mankini laser treatments are part of the growing manscaping trends amongst men.

Laser Hair Removal Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Laser hair removal market analysis are laser type, product type, end user.

• Based on laser type, the Laser hair removal market is segmented into Alexandrite laser, diode laser, and Nd:YAG laser. The diode laser segment held the largest market share in 2022.
• By cause, the market is segmented into multiple standard wavelength and Specific standard wavelength. The multiple standard wavelength segment held the largest share of the market in 2022.
• In terms of category, the market is classified into beauty clinics, dermatology clinics, hospitals, and home use. The beauty clinics segment held a significant share of the market in 2022.

Laser Hair Removal Market Share Analysis by Geography

The geographic scope of the Laser hair removal market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the market owing to the increasing cases of hair fall causing disorders such as Hirsutism, PCOS, and the rising number of hair removal treatments owing to the vast presence of beauty clinics in US and Canada. The growing medical tourism in Mexico for non-surgical beauty treatments is additionally driving the laser hair removal market in North America. Moreover, new products launch in the region by major market players headquartered in the region. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Laser Hair Removal Market Regional Insights

The regional trends and factors influencing the Laser Hair Removal Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Laser Hair Removal Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Laser Hair Removal Market Report Scope

Laser Hair Removal Market Players Density: Understanding Its Impact on Business Dynamics

The Laser Hair Removal Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Laser Hair Removal Market News and Recent Developments

The Laser hair removal market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Laser hair removal market are listed below:

• Alma launched special edition of Soprano Titanium to enable faster and more efficient hair removal sessions. It offers the benefits of three synergistic wavelengths to take the concept of speed to a whole new level with superior results: SHR, a clinically-proven, virtually painless method of laser hair removal enables effective and comfortable treatments for all skin types. (Source: Alam, Press Release, March 2024)
• Braun launched new IPL hair removal system that auto-adjusts to user during treatment. This device can eliminate the need to remove hair for months — that's truly life-changing. (Source: Procter & Gamble, Company Website, May 2024)
• LUBEX is a brand specializing in beauty and personal care products and passionate about providing intelligent beauty solutions at home aim to innovate new technologies to better provide professional home beauty equipment and advocate for home beauty salon level care. (Source: LUBEX, Press Release, November 2022)

Laser Hair Removal Market Report Coverage and Deliverables

The “Laser Hair Removal Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Laser hair removal market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Laser hair removal market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Laser hair removal market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Laser hair removal market
• Detailed company profiles