The latest report published by IMARC Group, titled “Laser Hair Removal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Overview:
The global laser hair removal market is expected to exhibit a growth rate (CAGR) of 16.3% during 2023-2028. Laser hair removal is a medical procedure that utilizes concentrated laser light to remove unwanted hair from various parts of the body. During the process, a laser emits a beam of light that is absorbed by the melanin in the hair follicles. The absorbed light generates heat, which damages the hair follicles and inhibits future hair growth. The treatment is commonly used on areas such as the face, legs, underarms, and bikini line. While the procedure effectively reduces hair growth, it usually requires multiple sessions for optimal results and periodic maintenance treatments thereafter. It is crucial to have the procedure performed by certified professionals to minimize risks such as skin irritation or burns. Laser hair removal is popular due to its long-lasting results compared to traditional methods like shaving or waxing.
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Laser Hair Removal Market Trends and Drivers:
The increasing awareness about the long-lasting benefits of laser hair removal compared to traditional methods like waxing and shaving represents one of the key factors driving the growth of the market across the globe. Advances in laser technology have made treatments quicker, more effective, and less painful. This enhances the consumer experience which leads to greater demand. The prevailing social trends that prioritize grooming and aesthetics contribute to the market growth.
The desire for smooth, hair-free skin is prevalent in both male and female demographics. The long-lasting effects of laser hair removal mean fewer sessions are needed over time, which is an attractive selling point for busy consumers. When conducted by certified professionals, laser hair removal is generally considered safe and less invasive than other hair removal methods, such as electrolysis. This safety aspect encourages more people to opt for the treatment. Influencers and celebrities often share their laser hair removal experiences on social media platforms, indirectly endorsing the procedure and encouraging their followers to consider it.
Key Market Segmentation:
The report has segmented the global laser hair removal market based on laser type, end use and region.
Breakup by Laser Type:
- Diode
- Alexandrite
- Nd:YAG
- Others
Breakup by End Use:
- Beauty Clinics
- Dermatology Clinics
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape With Key Players:
The competitive landscape of the laser hair removal market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Alma Lasers Ltd. (Sisram Medical Ltd)
- Cutera Inc.
- Cynosure LLC
- Lumenis Ltd.
- LUTRONIC Corporation
- Lynton Lasers Ltd.
- Sciton Inc.
- SharpLight Technologies Ltd.
- Solta Medical Inc. (Bausch Health Companies Inc.)
- Syneron Medical Ltd.
- Venus Concept Ltd.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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