The global laser hair removal market size was estimated to be USD 835.26 million in 2023 and is expected to reach at USD 5,177.8 million by 2033 with a CAGR of 18.04% during the forecast period 2023-2033. Increasing concern for physical appearance, surge in sedentary lifestyles, rising disposable income, growing number of laser hair removal industry for development of advanced products, increasing awareness regarding the safety offered by aesthetic lasers, surge in technological advancements in aesthetic lasers, rising demand for non-invasive treatments, growing demand for laser hair removal devices especially by women, increasing adoption of real genie technology in laser hair removal devices, surge in number of FDA-approved products, and rising collaboration among the key market players in the field of aesthetic procedures are some of the key factors boosting the market growth.
Rising collaboration among the key market players in the field of aesthetic procedures. For instance, in January 2021, Candela Syneron, a healthcare firm, has revealed a partnership with Merz Aesthetics, the leading global company in medical aesthetics, with the aim of offering an extensive range of medical aesthetic solutions.
By Laser Type, Diode was the highest revenue-grossing segment in the global laser hair removal market in 2022 owing to the significant level of accuracy, rising technological advancements in aesthetic sector, and increasing launch of advanced laser systems. For instance, in October 2022, Sensus HealthCare Inc. introduced the portable Silk by Sensus hair removal system, featuring a combination of wavelengths, during the Fall Dermatology Conference held in Las Vegas. Additionally, Nd: YAG is predicted to grow at fastest CAGR during the forecast period owing to the growing concerns regarding facial hair such as hair growth on lips, neck, chin, & sideburn area, increasing adoption in cosmetic procedure since it uses extremely concentrated light beams.
By Gender, Female was the highest revenue-grossing segment in the global laser hair removal market in 2022 owing to the increasing awareness among female population regarding physical appearance, surge in number of laser hair removal procedure among women, and growing introduction of technologically advanced devices. For instance, in October 2022, Ulike has unveiled the Sapphire Ice-cooling hair removal device called Air3 to a wider consumer base, bringing a blend of beauty technology to women in Southeast Asia. The energy efficiency of this Air3 sapphire hair removal equipment has improved, with a noticeable rise in the overall energy utilized, reaching 21J. Additionally, male is predicted to grow at fastest CAGR during the forecast period owing to the rising concerns among male population regarding physical appearance, surge in number of males undergoing hair removal procedures, and increasing technological advancements in hair removal devices.
By End-user, Beauty clinics was the highest revenue-grossing segment in the global laser hair removal market in 2022 owing to the increasing adoption of technologically advanced laser hair removal products, growing demand for non-invasive hair removal treatment, rising popularity of targeted aesthetic treatment among elderly & adult population, and surge in adoption of FDA-approved laser hair removal devices due to the growing demand for painless hair removal. Additionally, Dermatology clinics is predicted to grow at fastest CAGR during the forecast period owing to the cost-effective & excellent service, enhanced effectiveness and safety of this therapy by dermatologists, growing adoption of advanced technologies, surge in number of laser clinics & dermatology clinics, increasing awareness regarding laser hair removal treatment among population, and rising establishment of hair removal healthcare centres. For instance, in September 2022, The inauguration of GoLaser Clinics has taken place in Toronto, Canada, with the purpose of delivering cutting-edge laser hair removal services to clients across the country.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising demand for hair removal treatments, well-known dermatological practices, surge in number of skilled professionals, increasing number of laser hair removal procedure, growing technological advancements, and rising launch of advanced products. For instance, in June 2022, The Elite iQ platform from Cynosure has been made available in the US, Europe, and Australia for laser hair removal and skin rejuvenation. This platform, Elite iQ, provides personalized laser hair removal solutions suitable for various skin types, encompassing treatment areas such as the face, back, chest, arms, underarms, bikini region, and legs. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increasing incidences of skin damage & changing lifestyles, rising awareness regarding availability of laser hair removal services, and surge in regulatory approvals of technologically advanced systems. For instance, in February 2021, Gunze Limited has declared that its subsidiary 'Medical U&A' has received official authorization from the government to manufacture and distribute the 'MeDioStar®Monolith' diode laser for long-term hair reduction within Japan.
Rising collaboration among the key market players in the field of aesthetic procedures. For instance, in January 2021, Candela Syneron, a healthcare firm, has revealed a partnership with Merz Aesthetics, the leading global company in medical aesthetics, with the aim of offering an extensive range of medical aesthetic solutions.
By Laser Type, Diode was the highest revenue-grossing segment in the global laser hair removal market in 2022 owing to the significant level of accuracy, rising technological advancements in aesthetic sector, and increasing launch of advanced laser systems. For instance, in October 2022, Sensus HealthCare Inc. introduced the portable Silk by Sensus hair removal system, featuring a combination of wavelengths, during the Fall Dermatology Conference held in Las Vegas. Additionally, Nd: YAG is predicted to grow at fastest CAGR during the forecast period owing to the growing concerns regarding facial hair such as hair growth on lips, neck, chin, & sideburn area, increasing adoption in cosmetic procedure since it uses extremely concentrated light beams.
By Gender, Female was the highest revenue-grossing segment in the global laser hair removal market in 2022 owing to the increasing awareness among female population regarding physical appearance, surge in number of laser hair removal procedure among women, and growing introduction of technologically advanced devices. For instance, in October 2022, Ulike has unveiled the Sapphire Ice-cooling hair removal device called Air3 to a wider consumer base, bringing a blend of beauty technology to women in Southeast Asia. The energy efficiency of this Air3 sapphire hair removal equipment has improved, with a noticeable rise in the overall energy utilized, reaching 21J. Additionally, male is predicted to grow at fastest CAGR during the forecast period owing to the rising concerns among male population regarding physical appearance, surge in number of males undergoing hair removal procedures, and increasing technological advancements in hair removal devices.
By End-user, Beauty clinics was the highest revenue-grossing segment in the global laser hair removal market in 2022 owing to the increasing adoption of technologically advanced laser hair removal products, growing demand for non-invasive hair removal treatment, rising popularity of targeted aesthetic treatment among elderly & adult population, and surge in adoption of FDA-approved laser hair removal devices due to the growing demand for painless hair removal. Additionally, Dermatology clinics is predicted to grow at fastest CAGR during the forecast period owing to the cost-effective & excellent service, enhanced effectiveness and safety of this therapy by dermatologists, growing adoption of advanced technologies, surge in number of laser clinics & dermatology clinics, increasing awareness regarding laser hair removal treatment among population, and rising establishment of hair removal healthcare centres. For instance, in September 2022, The inauguration of GoLaser Clinics has taken place in Toronto, Canada, with the purpose of delivering cutting-edge laser hair removal services to clients across the country.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising demand for hair removal treatments, well-known dermatological practices, surge in number of skilled professionals, increasing number of laser hair removal procedure, growing technological advancements, and rising launch of advanced products. For instance, in June 2022, The Elite iQ platform from Cynosure has been made available in the US, Europe, and Australia for laser hair removal and skin rejuvenation. This platform, Elite iQ, provides personalized laser hair removal solutions suitable for various skin types, encompassing treatment areas such as the face, back, chest, arms, underarms, bikini region, and legs. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increasing incidences of skin damage & changing lifestyles, rising awareness regarding availability of laser hair removal services, and surge in regulatory approvals of technologically advanced systems. For instance, in February 2021, Gunze Limited has declared that its subsidiary 'Medical U&A' has received official authorization from the government to manufacture and distribute the 'MeDioStar®Monolith' diode laser for long-term hair reduction within Japan.
Segmentation: Laser Hair Removal Market Report 2022 - 2033
Laser Hair Removal Market Analysis & Forecast by Laser Type 2022 - 2033 (Revenue USD Mn)
- Alexandrite
- Nd: YAG
- Diode
Laser Hair Removal Market Analysis & Forecast by Gender 2022 - 2033 (Revenue USD Mn)
- Female
- Male
Laser Hair Removal Market Analysis & Forecast by End-user 2022 - 2033 (Revenue USD Mn)
- Dermatology Clinics
- Beauty Clinics
- Home Use
Laser Hair Removal Market Analysis & Forecast by Region 2022 - 2033 (Revenue USD Mn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Laser Hair Removal Market: Laser Type Estimates & Trend Analysis
8. Laser Hair Removal Market: Gender Estimates & Trend Analysis
9. Laser Hair Removal Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Laser Hair Removal Market
12. Europe Global Laser Hair Removal Market
13. Asia Pacific Global Laser Hair Removal Market
14. Latin America Global Laser Hair Removal Market
15. MEA Global Laser Hair Removal Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Hairline International Hair and Skin Clinic
- Cynosure Inc.
- LUTRONIC
- Alma Lasers
- Solta Medical Inc.
- La Mer Medical Spa and Yoga
- Cutera
- Lira Style
- Candela Corporation
- Regeneveda
- Viora
- Lumenis
- Cutera
- Syneron Medical Ltd.
- Venus Concept
- SEV Laser
- Lynton Laser
- Solta Medical
- SkinMD
- Sciton Inc
- Pure Luxe Medical
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | August 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 835.26 Million |
| Forecasted Market Value ( USD | $ 5177.8 Million |
| Compound Annual Growth Rate | 18.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
