The global laser hair removals market size was US$ 583.9 million in 2021. The global laser hair removals market size is estimated to reach US$ 2169.4 million by 2030, growing at a compound annual growth rate (CAGR) of 15.7% during the forecast period from 2022 to 2030.
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Laser hair removal is a non-invasive aesthetic process conducted to extract undesirable hair from the leg, face, back, chin, arm, bikini line, underarm, and other regions. A focused beam of light is utilized in the method of laser hair removal therapy. The extremely focused light is utilized in the method to pierce the hair follicles.
Factors Influencing Market Growth
? The growth in laser removal methods, the increase in the number of product launches and product licenses in the field of laser hair removal treatment, and the increase in self-awareness among the young population about physical looks. Thus, driving the overall market expansion.
? The rising desire to look attractive caused an increase in the use of laser hair removal therapy in females. Thus, driving the overall market expansion.
? The growth in sedentary lifestyles, concern for the physical look, increase in professional and celebrity women, and increase in disposable income drive the overall market expansion.
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Effect of the COVID-19 Pandemic
The COVID-19 outbreak is expected to have a severe influence on the expansion of the overall market. Many hospitals and clinics were restructured to improve hospital abilities for patients diagnosed with the pandemic. Non-essential surgical operations were withdrawn owing to the pandemic. Laser hair removal methods are non-emergency aesthetic techniques that particularly hindered the revenue of aesthetic firms. Moreover, a sharp cut in the monthly payment of the people is expected to hinder the overall market expansion.
Regional Analysis
North America had the highest growth of the overall market in 2021, due to a rise in the number of laser hair removal methods, technological improvement, and the existence of primary players.
Asia-Pacific is the second-highest contributor to the growth of the overall market in 2021 and is predicted to record the fastest CAGR during the analysis period, due to a rise in understanding among individuals about the availability of laser hair removal therapies and an increase in disposable earnings.
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Leading Competitors
The prominent players in the global laser hair removals market are:
? Venus Concept
? Solta Medical
? Skinmd
? Sev Laser
? Regeneveda
? Sciton
? Lynton Laser
? Pure Luxe Medical
? Lutronic
? Almas Laser
? Others
Segmentation Analysis
The global laser hair removals market segmentation focuses on Type, Gender, Age Group, End User, and Region.
Segmentation on the basis of Type
? Alexandrite laser hair removal
? Diode laser hair removal
? Others
Segmentation on the basis of Gender
? Male
? Female
Segmentation on the basis of Age Group
? 13 to 29
? 30 to 54
? 55 to 69
Segmentation on the basis of End User
? Hospitals
? Clinic
? Others
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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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