Global Laser Hair Removal Market By Laser Type (Diode Laser, Nd:YAG Laser, Alexandrite Laser), Type (Multiple Standard Wavelengths, Specific Standard Wavelengths), End-Use (Beauty Clinics, Dermatology Clinics, Hospitals, Home Use), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Laser Hair Removal Market
Global laser hair removal market is expected to register a healthy CAGR of 16.13% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing awareness and preference amongst individuals globally to maintain an enhanced level of aesthetic appearance.
Market Definition: Global Laser Hair Removal Market
Laser hair removal is the procedure of shortening and elimination of unwanted hair from the patient’s body by exposing to the laser light. This procedure involves the usage of laser machine/equipment that exposes a certain area of the patient body to laser light wherever it is required and removes any hair follicle from that particular area.
- Various technological innovations and advancements in the market resulting in better range of products and services relating to aesthetic lasersis expected to boost the growth of the market
- Growth of non-invasive hair removal services and procedures also fuels the market growth
- Increased levels of disposable income of individuals is expected to drive the growth of the market
- Growing rate of demand for home-based laser hair removal devices is also expected to drive the growth of the market
- High costs associated with these devices resulting in higher overall cost of the procedures is expected to restrict the growth of the market
- Availability of alternative enhanced beauty treatment solutions is expected to restrict the growth of the market
- Vulnerable nature of supply of materials for laser treatments is expected to restrict the growth of the market
Segmentation: Global Laser Hair Removal Market
By Laser Type
- Diode Laser
- Nd:YAG Laser
- Alexandrite Laser
- Multiple Standard Wavelengths
- Specific Standard Wavelengths
- Beauty Clinics
- Dermatology Clinics
- Home Use
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In January 2019, Alma Lasers announced the launch of their new hair removal platform. “Soprano Titanium” which offers the major benefits required in any laser hair removal procedure, including ‘speed’, ‘efficacy’ and ‘comfort’. The various features offered with the platform enable two sequential applications simplification and shortening of hair
- In October 2018, Lumenis announced the launch of “SPLENDOR X”, designed with unique “BLEND X” technology for highly efficient and effective hair removal procedures and other skin solutions. The solid state laser system was exhibited at the “2018 American Society of Dermatological Surgery – ASDS” held in Phoenix, Arizona, United States from October 11-14th, 2018. This new addition to their hair removal product offerings will help the users to customize according to their own requirements and needs for all kinds of skin and hair type
Global laser hair removal market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of laser hair removal market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global laser hair removal market are Solta Medical; Cynosure LLC; Lumenis; Venus Concept; CANDELA CORPORATION; Alma Lasers; Shanghai Fosun Pharmaceutical（Group）Co., Ltd.; LUTRONIC; Sciton, Inc.; Cutera; El.En. S.p.A.; Lynton Lasers and SharpLight Technologies Inc among others.
Research Methodology: Global Laser Hair Removal Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global laser hair removal market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)