Laser Hair Removal Devices Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2023-2033

According to Future Market Insights (FMI), the global market for laser hair removal devices is expected to be worth USD 3.3 billion in 2023. Over the predicted period, global sales of laser hair removal equipment are expected to grow at a 13.0% CAGR. By 2033, the total market value is anticipated to reach USD 11.2 billion.

In 2022, the laser hair removal equipment market had a worldwide value of US$ 2.9 billion. It is projected that the same market will generate an absolute increase of US$ 7.9 billion throughout the evaluation period.

During the projected timeframe, sales of lasers are expected to surpass those of other laser hair removal products. This is because they have fewer negative effects, are more effective, and need less upkeep.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.futuremarketinsights.com/reports/sample/rep-gb-17857

As per the latest analysis, demand for lasers is predicted to rise at 12.8% CAGR through 2033, in comparison to the 14.7% CAGR recorded during the historical period from 2018 to 2022.

Laser hair removal devices have become ideal solutions for removing unwanted and excessive hair. This is due to their safety, efficacy, and minimally invasive nature.

Growing focus on improving physical aesthetics and rising preference for laser hair removal procedures across the globe is driving the global laser air removal devices industry forward.

Today, people are spending huge amounts on different cosmetic procedures to improve their physical appearance. Cosmetic procedures such as laser hair removal remain especially popular among women.

For instance, as per the American Society of Plastic Surgeons (ASPS), among 757,808 laser hair removal procedures recorded in 2020, women segment contributed 635618 (or 84%). This rise in the adoption of laser hair removal procedures is expected to act as a catalyst triggering market growth.

The increasing incidence of polycystic syndrome (PCOS) and hirsutism along with escalating demand for long-term hair removal solutions is another key factor expected to boost the market.

Expansion of the aesthetics sector, technological advancements in lasers, and shifting preference towards non-invasive procedures are other factors stimulating market growth.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐋𝐚𝐬𝐞𝐫 𝐇𝐚𝐢𝐫 𝐑𝐞𝐦𝐨𝐯𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

• The global laser hair removal devices industry is projected to attain a valuation of US$ 3.3 billion by 2033.
• Based on product type, the laser segment is forecast to expand at 12.8% CAGR during the forecast period.
• By end use, beauty clinics segment is projected to thrive at a CAGR of 12.7% through 2033.
• The United States market is anticipated to cross a valuation of US$ 1.9 billion by the end of 2033.
• Laser hair removal device demand in Japan is likely to rise at 12.9% CAGR during the forecast period.
• China's laser hair removal devices market size is anticipated to reach US$ 2.2 billion by 2033.
• South Korea market is forecast to progress at 12.4% CAGR over the projection period
• The United Kingdom laser hair removal devices industry is set to expand at 12.7% CAGR through 2033.

"𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐢𝐧 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐠𝐫𝐨𝐨𝐦𝐢𝐧𝐠 𝐚𝐧𝐝 𝐰𝐢𝐝𝐞𝐫 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐚 𝐰𝐢𝐝𝐞 𝐫𝐚𝐧𝐠𝐞 𝐨𝐟 𝐜𝐨𝐬𝐦𝐞𝐭𝐢𝐜 𝐭𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭𝐬 𝐚𝐫𝐞 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐬𝐰𝐢𝐟𝐭𝐥𝐲 𝐝𝐫𝐢𝐯𝐞 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐥𝐚𝐬𝐞𝐫 𝐡𝐚𝐢𝐫 𝐫𝐞𝐦𝐨𝐯𝐚𝐥 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟎𝟑𝟑. 𝐓𝐨 𝐠𝐚𝐢𝐧 𝐦𝐚𝐱𝐢𝐦𝐮𝐦 𝐩𝐫𝐨𝐟𝐢𝐭𝐬, 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 𝐟𝐨𝐜𝐮𝐬𝐢𝐧𝐠 𝐨𝐧 𝐢𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐧𝐞𝐰 𝐡𝐚𝐢𝐫 𝐫𝐞𝐦𝐨𝐯𝐚𝐥 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐭𝐡 𝐮𝐬𝐞𝐫-𝐟𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐬." Opines Sudip Saha, managing director and MD at Future Market Insights (FMI) analyst.

𝐖𝐡𝐨 𝐢𝐬 𝐖𝐢𝐧𝐧𝐢𝐧𝐠?

Alma Lasers Ltd, Cutera, Inc., Cynosure Inc., LUMENIS, Lutronic, Sciton Inc., Solta Medical Inc., Syneron Medical Ltd., Venus Concept Canada Corp, and Viora among others are a few of the leading laser hair removal device manufacturers profiled in the report.
These key players are employing several strategies ranging from new product launches, mergers, and acquisitions to partnerships and collaborations to gain a competitive edge in the market. For instance,

𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

While the future appears promising for the laser hair removal devices market, it is not without its challenges. Regulatory hurdles and safety concerns may pose obstacles to market expansion. Manufacturers need to navigate these hurdles diligently to ensure the continued growth of the industry.

𝐑𝐞𝐠𝐢𝐨𝐧-𝐰𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲-𝐰𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

An in-depth analysis of regional and category-wise trends is crucial for stakeholders looking to make informed decisions in the laser hair removal device market. Understanding the unique demands and preferences of different regions and customer segments will be key to unlocking growth opportunities.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐚𝐬𝐞𝐫 𝐇𝐚𝐢𝐫 𝐑𝐞𝐦𝐨𝐯𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧
𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

Laser
Intense Pulse Light
Others

By End Use:

Beauty Clinics
Dermatology Clinics
Home Use
By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia and Pacific
Middle East and Africa

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 -

https://www.fmiblog.com/2024/11/11/ultrafast-lasers-market-soars-projected-worth-to-surpass-usd-3-8-billion-by-2033/
https://www.fmiblog.com/2023/07/24/driving-forces-shaping-the-laser-technology-market-fmi-report/

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