Laser Hair Remover Global Market Report 2024

The laser hair remover market size has grown rapidly in recent years. It will grow from $0.77 billion in 2023 to $0.92 billion in 2024 at a compound annual growth rate (CAGR) of 19%. The growth observed in the historic period can be attributed to factors such as increasing consciousness about beauty and grooming, a rise in disposable income, a shift from traditional hair removal methods to advanced technologies such as laser hair removers, effective marketing and branding strategies employed by manufacturers, and increased availability and accessibility of these devices. These factors collectively contributed to the historical growth of the laser hair remover market.

The laser hair remover market size is expected to see rapid growth in the next few years. It will grow to $1.71 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The anticipated growth in the forecast period can be attributed to factors such as the rising demand for at-home laser hair removal devices, a shift towards sustainable beauty practices, increasing acceptance and inclusivity in the market, the growth of online beauty retail, and regulatory support and adherence to standards. Major trends expected in the forecast period include the integration of smart technologies into laser hair removal devices, technological innovations in pulsed light devices, advancements in laser technology, technological miniaturization, and increased adoption of Intense Pulsed Light (IPL) technology.

The anticipated increase in demand for aesthetic procedures is set to drive the growth of the laser hair remover market. Aesthetic procedures encompass a wide range of medical treatments and interventions aimed at enhancing an individual's physical appearance. Laser hair removal, as part of aesthetic procedures, utilizes concentrated light beams to target and damage hair follicles, leading to a significant reduction in hair growth and reducing the incidence of ingrown hairs. According to the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional body for board-certified aesthetic plastic surgeons, the global demand for aesthetic surgeries increased by 11.2% in 2022, with over 14.9 million surgical and 18.8 million non-surgical procedures performed worldwide. This surge in demand for aesthetic procedures is a key driver propelling the growth of the laser hair remover market.

Major players in the laser hair remover market are actively focused on developing innovative products to provide unparalleled treatment experiences. The GentleMax Pro Plus is an example of a laser hair removal device designed to deliver superior performance in various treatments, including laser hair removal, rosacea, fine lines and wrinkles, and spider veins. Launched by Laser Medical Clinic, a Canada-based medical cosmetic clinic, in November 2022, this device offers larger treatment spots, shorter pulse durations, and higher repetition rates, ensuring more efficient and effective treatments. Equipped with dual wavelengths of 755 nm Alexandrite and 1064 nm Nd,YAG, it caters to a wide range of hair colors and skin types. The device's built-in cooling system enhances patient comfort during procedures, making it recognized as the gold standard in laser hair removal, recommended by dermatologists and medical professionals.

In April 2022, Cutera, a US-based company manufacturing medical and aesthetic devices, entered into a partnership with Synchrony for an undisclosed amount. This collaboration aims to provide financing options for dermatology patients seeking innovative treatments, including laser hair removal devices and acne treatment devices. Dermatology practices across the United States can now offer specialized financing programs and consumer banking products, enabling patients to access advanced aesthetic treatments with convenient payment options. Synchrony, the financial services company based in the United States, is a key partner in providing accessible financing solutions for individuals seeking aesthetic procedures.

Major companies operating in the laser hair remover market report are Merz Pharma GmbH & Co. KGaA, ShanghAI Fosun Pharmaceutical Co.Ltd., Cynosure LLC, Bausch Health Companies Inc., Lumenis Ltd., Sinclair Pharma Ltd., Cutera Inc., Bosley Inc., Lutronic Corporation, Alma Lasers Ltd., Sciton, Inc., Candela Corporation, Venus Concept, Solta Medical Inc., Fotona d.o.o, Viora Inc., SharpLight Technologies Ltd., SkinMD, Beijing Sanhe Beauty S&T Co., Ltd., Lynton Lasers Ltd., Theradome, Venn Healthcare, Lira Style, Canada MedLaser Inc., Krupa Medi Scan, Citation Spectrum Llc.

North America was the largest region in the laser hair remover market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser hair remover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the laser hair remover market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The laser hair remover market consists of sales of ruby laser and intense pulsed light laser. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

A laser hair remover is a medical or cosmetic device specifically designed for the removal or reduction of unwanted body hair using laser technology. These devices work by targeting the hair follicles with concentrated light, which is absorbed by the pigment in the hair, leading to the inhibition of future hair growth. Laser hair removers are commonly used in both professional and at-home settings as a non-invasive method for long-term hair reduction.

The main types of laser hair removers include diode, alexandrite, Nd, YAG, and others. Diode lasers emit a single, focused wavelength of light that is absorbed by the pigment in the hair follicle or the melanin in the skin. This absorption generates heat, which damages the follicle and inhibits future hair growth. Diode laser hair removers operate at various frequencies, including multiple standard wavelengths and specific standard wavelengths. They are utilized by both male and female users in various settings such as beauty clinics, dermatology clinics, hospitals, and for home use.

The laser hair remover market research report is one of a series of new reports that provides laser hair remover market statistics, including laser hair remover industry global market size, regional shares, competitors with a laser hair remover market share, detailed laser hair remover market segments, market trends and opportunities, and any further data you may need to thrive in the laser hair remover industry. This laser hair remover market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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