GVR Report cover Australia Laser Hair Removal Market Size, Share & Trends Report

Australia Laser Hair Removal Market Size, Share & Trends Analysis Report By Laser Type (Diode Laser, Nd:YAG Laser, Alexandrite Laser), By End Use (Beauty Clinics, Dermatology Clinics, Home Use), And Segment Forecasts, 2021 - 2028

  • Published Date: Oct, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-644-2
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 60

Report Overview

The Australia laser hair removal market size was valued at USD 1.08 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028. Growing esthetic consciousness and increasing awareness about physical grooming have led to high demand for hair removal devices. In addition, with the introduction of various hair removal devices, preference for noninvasive techniques for personal grooming is increasing. Rapid technological advancements have also led to novel product development. The aesthetics industry witnessed significant setbacks due to the COVID-19 pandemic in the first and second quarter of 2020. Since majority of cosmetic procedures were not medically necessary, they were put on hold due to lockdowns in several countries, which led to closure of beauty clinics, med spas, dermatology clinics, and retail stores.

Australia laser hair removal market size, by laser type, 2018 - 2028 (USD Million)

Government officials and hospital administrators across the globe urged healthcare professionals to cancel nonemergency appointments. However, the personal care and beauty market witnessed significant growth during the pandemic due to increase in online sales. In the current scenario, all demographic segments of the population lay great importance on enhancing their aesthetic appeal. Majority of the demand for aesthetic devices is by women owing to greater concern among them regarding their physical appearance, rendering this population group the largest market contributor.

There has been a drastic shift from using conventional products to technologically advanced equipment, which is assisting in better diagnosis, prevention, and treatment of various skin diseases and improving aesthetic appeal. The advent of technologically advanced non-invasive laser therapies has led to the high demand for laser hair removal.

Key market players are focusing on the development of new products, thus increasing the availability of advanced laser hair removal techniques in the market. These techniques are constantly undergoing significant improvements, which have made devices more efficient and cost-effective. For instance, with recent advancements, laser hair removal technique delivers effective results in minimum number of sessions, unlike repeated numerous sessions that were required earlier. Newly designed devices work effectively on all skin types.

Laser Type Insights

Diode lasers held the maximum revenue share of 40% of the global market in 2020 on account of their increased demand due to high precision. However, the Nd:YAG laser segment is expected to witness the fastest CAGR over the forecast period. Diode lasers can selectively target a particular body part and effectively remove the hair without harming the surrounding skin of the area. Moreover, reasonable time required for the procedure according to the body area and volume of hair is augmenting the product demand.

Diode laser is known to drastically reduce hair growth. The diode laser treatment is safe for use on any part of the skin and, hence, has broader applications. Hair regrowth after laser treatment is very rare and, hence, diode laser is considered as one of the efficient and effective procedures for laser hair removal. Diode laser also records superior melanin absorption and deepest penetration levels that enables to achieve low risk of hyperpigmentation and less chance of hair regrowth.

End-use Insights

Based on end use, the market has been broadly divided into beauty clinics, dermatology clinics, and home use. Beauty clinics accounted for the largest revenue share of more than 53% in 2020 owing to specialty services provided in these settings. Beauty clinics are also anticipated to witness the fastest growth rate of over 7% during the forecast period. Clinics and beauty centers perform aesthetic treatment procedures with the help of skilled staff and certified professionals.

Australia laser hair removal market share, by end use, 2020 (%)

As these centers offer treatments for only aesthetic and dermal conditions, they are equipped with skilled staff and advanced technology, which help in reducing the risk of complications. Removal of hair is not a trend only observed in women, but also in men. Demand for beauty centers and clinics is increasing owing to growing need for removal of body or facial hair. Laser hair removal has been proven to be a permanent solution as compared to other time-consuming hair removal options, such as shaving or waxing.

Key Companies & Market Share Insights

Expansion of product portfolio & service offerings through procurement of advanced laser technology is a key strategy adopted by market players. Silk Laser Clinics reported USD 5.4 billion revenue in 2019 and laser hair removal accounted for the majority of the procedure revenue. Some of the key players in the Australia laser hair removal market are:

  • Silk Laser Clinics

  • Results Laser Clinic

  • Australian Skin Clinic

  • Laser Clinics Australia

  • Advanced Clinics Australia

Australia Laser Hair Removal Market Report Scope 

Report Attribute

Details

Market size value in 2021

USD 1.41 billion

Revenue forecast in 2028

USD 2.23 billion

Growth Rate

CAGR of 6.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Laser type, end use

Country scope

Australia

Key companies profiled

Silk Laser Clinics; Results Laser Clinic; Australian Skin Clinic; Laser Clinics Australia; Advanced Clinics Australia

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Segments Covered in the Report

This report forecasts revenue growth at country level and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the Australia laser hair removal market report on the basis of laser type and end use:

  • Laser Type Outlook (Revenue, USD Million, 2016 - 2028)

    • Diode Laser

    • Nd:YAG Laser

    • Alexandrite Laser

  • End-use Outlook (Revenue, USD Million, 2016 - 2028)

    • Dermatology Clinics

    • Beauty Clinics

    • Home Use

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