Press release
Laser Hair Removal Devices Market: Global Trends and Forecasts for 2024
Laser Hair Remover Market Size
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $0.92 billion
• Revenue Forecast In 2033: $1.71 billion
• CAGR: 16.8%
Global Laser Hair Remover Market: Segmentation
The laser hair remover market covered in this report is segmented -
1) By Product: Diode, Alexandrite, Nd: YAG, Other Products
2) By Frequency Type: Multiple Standard Wavelengths, Specific Standard Wavelengths
3) By Gender: Male, Female
4) By End Use: Beauty Clinics, Dermatology Clinics, Hospitals, Home Use
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Laser Hair Remover Market Report: Growth Drivers
The increasing demand for aesthetic procedures is projected to drive the growth of the laser hair remover market in the coming years. Aesthetic procedures encompass a wide array of medical treatments aimed at improving a person's physical appearance. Laser hair removal is a popular method used in these procedures to reduce the occurrence of ingrown hairs by employing concentrated light beams to target and damage hair follicles, leading to a significant decrease in hair growth. For example, in September 2023, the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional organization for board-certified aesthetic plastic surgeons, reported that aesthetic surgeries globally increased by 11.2% in 2022, with over 14.9 million surgical procedures and 18.8 million non-surgical procedures performed worldwide. Therefore, the rising demand for aesthetic procedures is driving the growth of the laser hair remover market.
Key Developments:
Cutera And Synchrony Join Forces To Expand Access To Advanced Aesthetic Treatments Through Specialized Financing Programs
In April 2022, Cutera, a US-based company that manufactures, designs, and markets medical and aesthetic devices, partnered with Synchrony for an undisclosed amount. This partnership aims to provide financing options to dermatology patients for innovative new treatments, including laser hair removal devices and acne treatment devices. This collaboration allows dermatology practices across the United States to offer specialized financing programs and consumer banking products, enabling patients to access these advanced aesthetic treatments with convenient payment options. Synchrony is a US-based financial services company.
Top Market Leader Included:
Merz Pharma GmbH & Co. KGaA, Shanghai Fosun Pharmaceutical Co.Ltd., Cynosure LLC, Bausch Health Companies Inc., Lumenis Ltd., Sinclair Pharma Ltd., Cutera Inc., Bosley Inc., Lutronic Corporation, Alma Lasers Ltd., Sciton, Inc., Candela Corporation, Venus Concept, Solta Medical Inc., Fotona d.o.o, Viora Inc., SharpLight Technologies Ltd., SkinMD, Beijing Sanhe Beauty S&T Co., Ltd., Lynton Lasers Ltd., Theradome, Venn Healthcare, Lira Style, Canada MedLaser Inc., Krupa Medi Scan, Citation Spectrum Llc
Laser Hair Remover Industry: Regional Landscape
North America was the largest region in the laser hair remover market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laser hair remover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the laser hair remover market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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What Does The Global Laser Hair Remover Market Report Include?
1.Introduction
• Overview of the Laser Hair Remover Market
• Comprehensive Analysis of Laser Hair Remover Market
2. Laser Hair Remover Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Laser Hair Remover Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Laser Hair Remover Market
• Overview
• Products and Services
• Strategy
5. Laser Hair Remover Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Laser Hair Remover Market
• Technological Advancements
• Emerging Trends
7. Laser Hair Remover Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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