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Laser Hair Removal Market Report Scope & Overview:

The Laser Hair Removal Market size is expected to reach USD 1862 Mn by 2030, the base value of the market was USD 549 Mn in 2022 the CAGR growth rate will be 16.5% over the forecast period of 2023-2030.

The market for laser hair removal has been expanding steadily as a result of the rising desire for long-term hair reduction techniques. Unwanted hair can be removed with laser hair removal, a cosmetic surgery that uses focused light beams. Because it provides more lasting results than conventional techniques like shaving, waxing, and plucking, it is a well-liked substitute. The following are a few elements influencing the laser hair removal market's expansion, Increasing Beauty Consciousness: As the importance of personal grooming and aesthetics increases, more people are looking for efficient and long-lasting hair removal options. Constant improvements in laser technology have produced hair removal methods that are more effective, secure, and available to a wider range of people. Laser hair removal is generally thought to be safe and effective.

Laser Hair Removal Market Revenue Analysis

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In keeping with the busy and convenience-focused lifestyles of many people, laser hair removal offers a long-term treatment that decreases the need for frequent shaving or waxing. The operation is frequently carried out in specialized medical and aesthetic spas, which has contributed to the expansion of the beauty and wellness sector as a whole.

People of all genders are interested in laser hair removal, which is helping the clientele base grow. The need for laser hair removal has been seen all over the world. The use of expert endorsements, online forums, and the media has helped spread the word about the advantages and safety of laser hair removal.

Market Dynamics

Driver

  • The rising demand for laser hair removal.

Restrain

  • The lack of awareness

Opportunity

  • The rise in technological advancement

The process is quicker and more convenient for both patients and practitioners thanks to high-speed laser equipment's ability to treat bigger treatment regions in less time. Before each laser pulse, dynamic cooling devices release a burst of cryogen to numb the skin and lessen discomfort and agony. Some systems have integrated cameras or laser guidance systems that enable medical professionals to accurately target treatment regions and guarantee consistent coverage. Modern laser hair removal systems frequently include customization choices based on the unique hair and skin characteristics of a patient. The effectiveness of the treatment is increased by this customization.

Challenges

  • The side effects on the skin

After the operation, some people may experience brief skin reactions such as redness, swelling, and itching. These reactions can be painful, but they often pass within a few hours to a few days. Those who have darker skin tones are more likely to experience uneven skin tone or changes in skin pigmentation as a result of laser hair removal. To reduce this danger, practitioners must utilize the proper settings.

Key Market Segmentation

By Product

  • Diode

  • Alexandrite

  • Nd: YAG

  • Others

By End User

  • Hospitals

  • Medical Spas & Speciality Clinics

  • Others

Laser Hair Removal Market Segmentation Analysis

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Regional Coverage

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

The major key players are Cutera, Venus, Cynosure, Fotona, Lumenis, Alma Lasers, Sciton, Lynton, Venn Healthcare, Candela Corporation, and Other Players.

Cynosure-Company Financial Analysis

Company Landscape Analysis

Regional Analysis

Due to the region's robust beauty and wellness sector, high disposable income, and cultural emphasis on personal hygiene, North America, particularly the United States, has been a prominent market for laser hair removal.

The popularity of laser hair removal in this area is mostly due to technological developments and a thriving cosmetic medicine industry. Consumers in North America frequently look for long-term fixes and are prepared to spend money on procedures that provide convenience and robust outcomes. The consumer tastes and economic development levels in the European market are extremely diverse. The popularity of aesthetic and cosmetic procedures in Europe contributes to the need for laser hair removal services.

The beauty and aesthetics sector is expanding quickly in the Asia-Pacific area, with important players including China, Japan, South Korea, and India. The desire for laser hair removal may be influenced by cultural variables including grooming customs and aesthetic standards. For instance, the market for hair removal is significant in nations like South Korea. The growing demand for cosmetic operations is influenced by the middle class’s ascent, urbanization, and shifting lifestyles.

Recent Developments:

Cutera: The company announces the special agreement with Pura Vida and RTW.

Venus: The stellar lineup of Forona Technologies on display at IMCAS 2023.

Laser Hair Removal Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 549 Mn
Market Size by 2030  US$ 1862 Mn
CAGR   CAGR of 16.5 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Diode, Alexandrite, Nd: YAG, Others)
• By End User (Hospitals, Medical Spas & Speciality Clinics, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Cutera, Venus, Cynosure, Fotona, Lumenis, Alma lasers, Sciton, Lynton, Venn Healthcare, Candela Corporation
Key Drivers • The rising demand for the laser hair removal.
Market Restraints • The lack of awareness

 

Frequently Asked Questions

Ans: The Laser Hair Removals Market is to grow at a CAGR of 16.5% Over the Forecast Period 2023-2030.

Ans: The Laser Hair Removals Market size is estimated to reach US$ 1862 Mn by 2030.

Ans. The major key players are Cutera, Venus, Cynosure, Fotona, Lumenis, Alma lasers, Sciton, Lynton, Venn Healthcare, Candela Corporation and others

 Ans. North America is the fastest growing region of the Laser Hair Removals Market.

Ans. The lack of awareness and the side effects on the skin.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Laser Hair Removal Market Segmentation, by Product

8.1 Diode

8.2 Alexandrite

8.3 Nd: YAG

8.4 Others

9. Laser Hair Removal Market Segmentation, by End User
9.1 Hospitals
9.2 Medical Spas & Speciality Clinics
9.3 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Laser Hair Removal Market by Country
10.2.2North America Laser Hair Removal Market by Product
10.2.3 North America Laser Hair Removal Market by End User
10.2.4 USA
10.2.4.1 USA Laser Hair Removal Market by Product
10.2.4.2 USA Laser Hair Removal Market by End User
10.2.5 Canada
10.2.5.1 Canada Laser Hair Removal Market by Product
10.2.5.2 Canada Laser Hair Removal Market by End User
10.2.6 Mexico
10.2.6.1 Mexico Laser Hair Removal Market by Product
10.2.6.2 Mexico Laser Hair Removal Market by End User
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Laser Hair Removal Market by Country
10.3.1.2 Eastern Europe Laser Hair Removal Market by Product
10.3.1.3 Eastern Europe Laser Hair Removal Market by End User
10.3.1.4 Poland
10.3.1.4.1 Poland Laser Hair Removal Market by Product
10.3.1.4.2 Poland Laser Hair Removal Market by End User
10.3.1.5 Romania
10.3.1.5.1 Romania Laser Hair Removal Market by Product
10.3.1.5.2 Romania Laser Hair Removal Market by End User
10.3.1.6 Hungary
10.3.1.6.1 Hungary Laser Hair Removal Market by Product
10.3.1.6.2 Hungary Laser Hair Removal Market by End User
10.3.1.7 Turkey
10.3.1.7.1 Turkey Laser Hair Removal Market by Product
10.3.1.7.2 Turkey Laser Hair Removal Market by End User
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Laser Hair Removal Market by Product
10.3.1.8.2 Rest of Eastern Europe Laser Hair Removal Market by End User
10.3.2 Western Europe
10.3.2.1 Western Europe Laser Hair Removal Market by Country
10.3.2.2 Western Europe Laser Hair Removal Market by Product
10.3.2.3 Western Europe Laser Hair Removal Market by End User
10.3.2.4 Germany
10.3.2.4.1 Germany Laser Hair Removal Market by Product
10.3.2.4.2 Germany Laser Hair Removal Market by End User
10.3.2.5 France
10.3.2.5.1 France Laser Hair Removal Market by Product
10.3.2.5.2 France Laser Hair Removal Market by End User
10.3.2.6 UK
10.3.2.6.1 UK Laser Hair Removal Market by Product
10.3.2.6.2 UK Laser Hair Removal Market by End User
10.3.2.7 Italy
10.3.2.7.1 Italy Laser Hair Removal Market by Product
10.3.2.7.2 Italy Laser Hair Removal Market by End User
10.3.2.8 Spain
10.3.2.8.1 Spain Laser Hair Removal Market by Product
10.3.2.8.2 Spain Laser Hair Removal Market by End User
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Laser Hair Removal Market by Product
10.3.2.9.2 Netherlands Laser Hair Removal Market by End User
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Laser Hair Removal Market by Product
10.3.2.10.2 Switzerland Laser Hair Removal Market by End User
10.3.2.11 Austria
10.3.2.11.1 Austria Laser Hair Removal Market by Product
10.3.2.11.2 Austria Laser Hair Removal Market by End User
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Laser Hair Removal Market by Product
10.3.2.12.2 Rest of Western Europe Laser Hair Removal Market by End User
10.4 Asia-Pacific
10.4.1 Asia Pacific Laser Hair Removal Market by Country
10.4.2 Asia Pacific Laser Hair Removal Market by Product
10.4.3 Asia Pacific Laser Hair Removal Market by End User
10.4.4 China
10.4.4.1 China Laser Hair Removal Market by Product
10.4.4.2 China Laser Hair Removal Market by End User
10.4.5 India
10.4.5.1 India Laser Hair Removal Market by Product
10.4.5.2 India Laser Hair Removal Market by End User
10.4.6 Japan
10.4.6.1 Japan Laser Hair Removal Market by Product
10.4.6.2 Japan Laser Hair Removal Market by End User
10.4.7 South Korea
10.4.7.1 South Korea Laser Hair Removal Market by Product
10.4.7.2 South Korea Laser Hair Removal Market by End User
10.4.8 Vietnam
10.4.8.1 Vietnam Laser Hair Removal Market by Product
10.4.8.2 Vietnam Laser Hair Removal Market by End User
10.4.9 Singapore
10.4.9.1 Singapore Laser Hair Removal Market by Product
10.4.9.2 Singapore Laser Hair Removal Market by End User
10.4.10 Australia
10.4.10.1 Australia Laser Hair Removal Market by Product
10.4.10.2 Australia Laser Hair Removal Market by End User
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Laser Hair Removal Market by Product
10.4.11.2 Rest of Asia-Pacific Laser Hair Removal Market by End User
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Laser Hair Removal Market by Country
10.5.1.2 Middle East Laser Hair Removal Market by Product
10.5.1.3 Middle East Laser Hair Removal Market by End User
10.5.1.4 UAE
10.5.1.4.1 UAE Laser Hair Removal Market by Product
10.5.1.4.2 UAE Laser Hair Removal Market by End User
10.5.1.5 Egypt
10.5.1.5.1 Egypt Laser Hair Removal Market by Product
10.5.1.5.2 Egypt Laser Hair Removal Market by End User
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Laser Hair Removal Market by Product
10.5.1.6.2 Saudi Arabia Laser Hair Removal Market by End User
10.5.1.7 Qatar
10.5.1.7.1 Qatar Laser Hair Removal Market by Product
10.5.1.7.2 Qatar Laser Hair Removal Market by End User
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Laser Hair Removal Market by Product
10.5.1.8.2 Rest of Middle East Laser Hair Removal Market by End User
10.5.2 Africa
10.5.2.1 Africa Laser Hair Removal Market by Country
10.5.2.2 Africa Laser Hair Removal Market by Product
10.5.2.3 Africa Laser Hair Removal Market by End User
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Laser Hair Removal Market by Product
10.5.2.4.2 Nigeria Laser Hair Removal Market by End User
10.5.2.5 South Africa
10.5.2.5.1 South Africa Laser Hair Removal Market by Product
10.5.2.5.2 South Africa Laser Hair Removal Market by End User
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Laser Hair Removal Market by Product
10.5.2.6.2 Rest of Africa Laser Hair Removal Market by End User
10.6 Latin America
10.6.1 Latin America Laser Hair Removal Market by Country
10.6.2 Latin America Laser Hair Removal Market by Product
10.6.3 Latin America Laser Hair Removal Market by End User
10.6.4 Brazil
10.6.4.1 Brazil Laser Hair Removal Market by Product
10.6.4.2 Brazil Laser Hair Removal Market by End User
10.6.5 Argentina
10.6.5.1 Argentina Laser Hair Removal Market by Product
10.6.5.2 Argentina Laser Hair Removal Market by End User
10.6.6 Colombia
10.6.6.1 Colombia Laser Hair Removal Market by Product
10.6.6.2 Colombia Laser Hair Removal Market by End User
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Laser Hair Removal Market by Product
10.6.7.2 Rest of Latin America Laser Hair Removal Market by End User

11. Company Profile
11.1 Cutera
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Venus
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Cynosure
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Fotona
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Lumenis
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Alma lasers
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Sciton
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Lynton
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Venn Healthcare
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Candela Corporation
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View

12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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