Laser Hair Removal Market 2020 Set for Rapid Growth : LUTRONIC, Venus Concept, Bausch Health, SharpLight Technologies, Lynton Lasers, Sciton
Some of the major competitors currently working in laser hair removal market are Hologic, Inc., Apax Partners, Shanghai Fosun Pharmaceutical(Group)Co., Ltd., XIO Group, Elen Spa Studija, Cutera, LUTRONIC, Venus Concept, Bausch Health, SharpLight Technologies, Lynton Lasers, Sciton, Fotona and many others.
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Key Developments in the Laser Hair Removal Market : In Feburary 2019, Alma Lasers has launched a new hair removal device the Soprano titanium. The product uses a technology called super hair removal that destroys the hair follicle and inhibits re-growth thereby avoiding injuries to the surrounding tissue, which ensures that sun exposure is less painful during treatment. It also incorporates a cooling technology called ICE Plus, which helps to constantly cool the skin and minimize the risk of burns on the skin surface while retaining moisture in the dermis where hair follicles are processed.
Laser hair removal market is expected to rise by registering a healthy CAGR of 16.12% in the forecast period of 2020-2029. The major factor driving the market includes technological advancement for mixing of modalities.
Such technique is also useful for other therapies such as blue veins. This helps experts to perform photo-rejuvenation facials in just 15 minutes. Increased demand for hair removal laser products is increasing market growth. Real engineering equipment is gradually being used in such apps. Easy availability of these tools in medical stores often increases the demand for hair removal items thus increasing market growth.
Laser Hair Removal Market Drivers:
Development of non-invasive hair removal technologies and treatments had driven the market growth.
Growing demand for home-based laser hair removal products is also expected to drive market growth.
Rising demand levels for home-based laser hair removal products is also expected to drive market growth.
Laser Hair Removal Market Restraints:
The development of alternate improved beauty care options is expected to reduce the growth of the industry.
The high costs involved in devices results in higher overall cost procedures is also going to hamper the market growth.
Laser Hair Removal Market
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Laser Hair Removal Market Scope and Market Size
Laser Hair Removal Market has been segmented on the basis of type, laser type and end use.
On the basis of type segment, the laser hair removal market is sub segmented into specific standard wavelengths and multiple standard wavelengths.
Based on laser type segment, the laser hair removal market is sub segmented into diode laser, Nd:YAG laser and alexandrite laser. Diode laser segment holds the largest market share for hair removal market because of its features in which it offers high precision devices.
The end use segment is classified into 4 notable segments: beauty clinics, dermatology clinics, hospitals and home use. Beauty clinics segment is expected to witness a highest CAGR as of growing demand of treatment across the globe.
Country Level Analysis of Laser Hair Removal Market
On the basis of region, the laser hair removal market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.
Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region.
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Table of Content: Laser Hair Removal Market
1 Industry Overview
2. Laser Hair Removal Market Overview
3 Upstream & Production
4 Product Type Segment
5 Product Applications Segment
6 Regional Markets Overview
6.2. North America
6.5. South America
7 Laser Hair Removal Market Subdivisions
8 Laser Hair Removal Market Forecast
9 Key Companies List
10 End-User Segments
11 Company Competitions
12 Laser Hair Removal Market Research Conclusions
13 Related Reports
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Research for Markets
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