Laser Hair Removal Market Size Worth $3.6 Billion By 2030

June 2022 | Report Format: Electronic (PDF)

Laser Hair Removal Market Growth & Trends

The global laser hair removal market size is expected to reach USD 3.6 billion by 2030 registering a CAGR of 18.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for non-invasive hair removal procedures is expected to drive the market growth. Technological advancements, such as the introduction of ultra-technology, are also projected to boost market growth.

The ultra-technology is more secure than earlier techniques and the prevalence of side effects, such as burning sensations and temporary rashes on the skin, can be easily healed with topical applications. Asia Pacific is anticipated to register the fastest CAGR during the forecast period owing to the high prevalence of skin disorders in the emerging economies and the rise in disposable income of consumers. Moreover, growing e-commerce penetration is driving the market due to the easy availability of advanced products.

The Covid-19 pandemic has created several challenges for the aesthetics industry. Initially, most of the clinics had halted their services with only emergency procedures to be performed. This has impacted the market growth. However, recently, due to ease of lockdown restrictions, services have resumed in a staggered manner with strict measures to be followed. This will boost market growth.

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Laser Hair Removal Market Report Highlights

  • The Nd: YAG laser type segment is expected to register the fastest CAGR from 2021 to 2028 owing to the high efficiency of these products on all skin types, including tanned skin, and faster repetition rates

  • The beauty clinic end-use segment is expected to lead the global market, in terms of revenue share as well as growth rate, during the forecast period owing to an increase in demand for advanced aesthetic devices for hair removal

  • The dermatology clinics segment is projected to account for a significant market share by 2028 due to the availability of skilled professionals and efficient treatments with extreme safety and comfort

  • North America was the dominant regional market in 2020 and is expected to expand further at a steady CAGR from 2021 to 2028 owing to a huge market of dermatology clinics and the adoption of innovative devices

Laser Hair Removal Market Segmentation

Grand View Research has segmented the global laser hair removal market based on laser type, end-use, and region:

Laser Hair Removal Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Diode

  • Nd: YAG

  • Alexandrite

Laser Hair Removal End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Beauty Clinics

  • Dermatology Clinics

  • Home Use

Laser Hair Removal Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • Singapore

    • South Korea

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

    • Chile

    • Rest of Latin America

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Rest of the Middle East & Africa

List of Key Players in the Laser Hair Removal Market

  • Cynosure

  • Alma Lasers

  • Solta Medical, Inc.

  • Cutera

  • Candela Corporation

  • Viora

  • Lumenis

  • Syneron Medical Ltd.

  • Venus Concept

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