Global Laser Hair Loss Devices Market - Industry Trends and Forecast to 2029

Laser Hair Loss Devices Market Analysis and Size

The number of LLLT device producers has considerably increased in recent years. Currently on the market are 71 laser devices that have received FDA approval. Only a small number of them, can take pride in their clinical trials.

Data Bridge Market Research analyses that the laser hair loss devices market which was USD 798.6 million in 2021, would rocket up to USD 1225.60 million by 2029, and is expected to undergo a CAGR of 5.50% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Laser Hair Loss Devices Market Scope and Segmentation      

Market Definition

Low level laser technology (LLLT) is used in these non-invasive therapy tools to cure hair loss. They are also referred to as cool or soft lasers. They penetrate the scalp and stimulate the hair roots, improving blood circulation and promoting hair growth.

Laser Hair Loss Devices Market Dynamics

Drivers

• Technological advancements

In the forecast period of 2022–2029, technological developments and advancements, awareness of non-invasive therapies, increased demand for medical treatments, and the product's accessibility are the main drivers propelling the growth of the laser hair loss devices market.

• Increase in demand of aesthetic beauty

Additionally, a rise in the desire for aesthetic beauty and an increase in the number of laser devices approved by the FDA provide market participants lucrative potential.

• Increasing investment for healthcare infrastructure

The market is expanding due to rising demand for laser hair removal equipment, particularly from women who want to use them at home. Devices for laser hair removal are increasingly using real genie technology. As a result, the market is being driven by the increased product demand as a result of the simple accessibility of these devices in medical stores that also sell personal care items.

Opportunities

The market is expected to have consistent growth over the upcoming years, driven by factors such as rising chronic disease prevalence, technological developments in treatment, and rising prevalence of hair loss, particularly alopecia. The most frequent type of hair loss in both men and women is pattern hair loss. Increasingly busy lifestyles, an ageing population, and a rise in the need for simple-to-use solutions are some of the drivers fuelling the market for laser hair loss devices.

Restraints/Challenges

However, an increasing number of hair removal tools are FDA-approved and far less expensive than surgeries. In turn, this is producing a growth potential for the market. Additionally, rising disposable income and unexplored Asia-Pacific areas are key factors providing market participants with growth prospects.

This laser hair loss devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the laser hair loss devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Laser Hair Loss Devices Market

The COVID-19 pandemic had a beneficial impact on consumer spending patterns and purchase choices. However, import and export regulations in the majority of nations limited the availability of hair loss medications as Carospir, Aldactone, minoxidil, and finasteride. Despite this, a number of businesses have seen a significant increase in the internet sales of items for treating hair loss. Sales of skin, nail, and hair care products, particularly those for treating hair loss, increased by 300 percent year over year at Zalando, Europe's leading fashion and leisure online retailer, in 2020.

Recent Development

• In 2021, The L'Oreal SA-owned skincare company Vichy Cosmetics will launch five useful ingredient hair loss treatment products for men and women in Malta. The product's manufacturer claimed that it could rebuild and rebalance a healthy scalp to promote hair growth.
• In 2020, H&M's Afound launched a large selection of cosmetics and hair care items to increase its online presence in the Netherlands, Germany, and Austria. The business aims to draw in new customers by giving fashion the upper hand and providing sustainable buying options.

Global Laser Hair Loss Devices Market Scope

The laser hair loss devices market is segmented on the basis of laser type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Laser Type

• Diode
• Nd: YAG
• Alexandrite

End-use

• Beauty Clinics
• Dermatology Clinics
• Home Use

Laser Hair Loss Devices Market Regional Analysis/Insights

The laser hair loss devices market is analysed and market size insights and trends are provided by country, laser type, application and end-user as referenced above.

The countries covered in the laser hair loss devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the laser hair loss devices market because of high number of well-established dermatology clinics, growing demand for hair removal treatments and adoption of advanced technologies.

Asia-Pacific is estimated to grow in the forecast period of 2022-2029 due to the rise in skin problems and large population.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Laser Hair Loss Devices Market Share Analysis

The laser hair loss devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to laser hair loss devices market.

Some of the major players operating in the laser hair loss devices market are:

• Syneron Medical Ltd. (U.S.)
• Alma Lasers (Israel)
• Cutera (U.S.)
• LUTRONIC (South Korea)
• Solta Medical (U.S.)
• Venus Concept. (Canada)
• Sciton (U.S.)
• Cynosure LLC (U.S.)
• Lynton Lasers Ltd (U.K.)
• STRATA Skin Sciences (U.S.)
• Lumenis Be Ltd. (U.S.)
• Curallux, LLC (U.S.)
• Eclipse (Canada)
• Lexington Intl., LLC. (U.S.)
• iRestore Laser Hair Growth System (India)

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