The global laser hair removal market is anticipated to grow at a CAGR of 18.5% during the forecast period (2022-2028). Several technological advancements in laser hair removal are augmenting market growth. Advances in laser hair removal are focused around improving the efficacy of results, faster treatment time, safety of the patients, and making the procedure as painless. The latest trend in laser hair removal includes the introduction of multiple wavelengths and product launches with a combination of technologies. Companies are introducing the latest laser hair removal machines with triple wavelengths and even quadruple wavelengths in a single device. These types of machines support targeting different thicknesses of hair with ease. For instance, DermaJEM offers the Anima Forza Tri-Diode Laser which has a triple wavelength diode laser featuring 755,808, and 1064 wavelengths.
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Another trend in the market is the efforts of the companies in launching effective devices having a combination of technologies for effective hair removal and reduction. For instance, in 2020, Lira Style announced the launch of its newest platform, the Cervello. The device offers clinically proven laser hair removal treatments for all skin types with a combination of 755 Alexandrite, 808 Diode, and 1064 long pulsed YAG. The Cervello provides speed, efficacy, virtually pain-free treatments and a max-cooling system to -5 degrees Celsius. The product is compact and portable, which makes it well suited for a medspa, medical office, or dermatology practice, offering a quick return on investment, with no consumables. Such innovations are likely to boost the product’s demand in the forecasting years.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Laser Hair Removal Market Report by Segment
By Type
- Alexandrite Laser Hair Removal
- Diode Laser Hair Removal
- Nd:YAG Laser Hair Removal
- Ruby Laser Hair Removal
- Others
By End-User
- Homecare
- Dermatology Clinics
- Beauty Clinics
Global Laser Hair Removal Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global laser hair removal market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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