Press release
Laser Hair Removals Market Key Segments, Share, Size, Trends, Growth, and Forecast 2032
Report Ocean recently released a comprehensive research report on the global market, emphasizing its potential. The report aims to provide an in-depth analysis of the market, addressing the requirements of various stakeholders such as manufacturers, suppliers, distributors, and investors.According to Report Ocean , the global market is witnessing a significant rise in revenue from US$ million in 2023 to US$ million by 2032. The market will grow at a significant compound annual growth rate (CAGR) of % during the forecast period from 2023 to 2032.
Introduction
In 2021, the global laser hair removals market reached a valuation of US$ 583.9 million. Fast forward to 2030, and the market is poised for extraordinary growth, estimated to hit US$ 2169.4 million. This surge is expected to unfold at an impressive Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period from 2022 to 2030.
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Understanding Laser Hair Removal
A Symphony of Light for Aesthetic Harmony
Laser hair removal stands as a non-invasive aesthetic procedure designed to bid farewell to unwanted hair across various body regions. The process involves a focused beam of light, piercing hair follicles and disrupting hair growth.
Factors Influencing Market Growth
Navigating the Forces that Shape the Industry
Growth in Laser Removal Methods: The market is driven by an upswing in laser removal techniques, coupled with an increase in product launches and licenses in the laser hair removal treatment domain.
Rising Desire for Attractiveness: The growing desire to look attractive, especially among the female population, propels the expansion of the overall market.
Sedentary Lifestyles and Disposable Income: Factors such as sedentary lifestyles, heightened concern for physical appearance, the rise of professional and celebrity women, and increased disposable income contribute significantly to market growth.
Effect of the COVID-19 Pandemic
Navigating Pandemic-Induced Challenges
The COVID-19 outbreak has cast a shadow on the expansion of the market. Hospitals and clinics were restructured to enhance pandemic-related patient care, leading to the withdrawal of non-essential aesthetic procedures. The financial strain caused by the pandemic has further impeded the market's growth.
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Regional Analysis
Spotlight on Global Hotspots
North America: Leading the Charge - North America dominated the market in 2021, driven by the increasing number of laser hair removal procedures, technological advancements, and the presence of key players.
Asia-Pacific: A Growth Powerhouse - Emerging as the second-highest contributor to market growth in 2021, the Asia-Pacific region is poised to witness the fastest CAGR. Factors include growing awareness about laser hair removal therapies and an upswing in disposable income.
Leading Competitors
Guiding the Industry Landscape
The global laser hair removals market is influenced by key players, including:
Venus Concept
Solta Medical
Skinmd
Sev Laser
Regeneveda
Sciton
Lynton Laser
Pure Luxe Medical
Lutronic
Almas Laser
Others (Note: List not exhaustive; request a free sample for a complete list.)
Segmentation Analysis
Decoding Market Dynamics
Type Segmentation:
Alexandrite laser hair removal
Diode laser hair removal
Others
Gender Segmentation:
Male
Female
Age Group Segmentation:
13 to 29
30 to 54
55 to 69
End User Segmentation:
Hospitals
Clinic
Others
Regional Segmentation:
North America
Europe
Asia Pacific
Middle East & Africa (MEA)
South America
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Table of Contents:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Purchase this Report:
Strategic Direction
Comprehensive Analysis
Growth Opportunities
Competitive Landscape
Detailed Company Profiles
Future Market Outlook
Industry Analysis
Value Chain Insights
About Report Ocean
Report Ocean is a renowned market research reports provider, known for its informative research reports. They offer both quantitative and qualitative research results, leveraging the latest technology and analysis tools. Their global network and industry coverage provide in-depth knowledge for informed and strategic business decisions.
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