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Laser Hair Removal Market Trends

  • Report ID: GMI7969
  • Published Date: Apr 2024
  • Report Format: PDF

Laser Hair Removal Market Trends

Technological advancements in aesthetic medicine which is estimated to reach USD 61.2 Billion by 2032,  such as medical laser have been a significant stimulator for the market. The introduction of ultra-technology has been a notable change in the industry, making laser hair removal more effective and efficient. The use of larger spot sizes, high peak power, and ultra-short pulse for Q-switched lasers have also improved the success rate of hair removal. Furthermore, the use of fractional ablative lasers has become popular due to its safety and wide variety of applications.
 

  • Lenient regulatory compliance is a stimulator for the market, fostering an environment of innovation and market accessibility. With fewer obstacles, it accelerates product development, encouraging diverse manufacturers and a broader range of technologies.
     
  • Lower entry barriers increase the availability of services, reaching smaller clinics and contributing to industry growth, economic benefits, and enhanced treatment options.
     
  • For instance, California is an example of a state with relatively lenient regulations for aestheticians operating lasers for hair removal. The aestheticians can perform laser hair removal on the face and neck as well as laser skin rejuvenation with just an esthetics license and physician oversight.
     
  • Thus, balancing regulatory leniency with consumer safety remains crucial for the sustained positive impact on innovation and market expansion in laser hair removal.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Laser hair removal market reached USD 1.13 billion in revenue in 2023 and is expected to surpass USD 5.16 billion by 2032 attributed to the increasing consumer preference for long-term solutions over traditional methods like waxing and shaving.

Diode laser hair removal industry is slated to depict considerable growth at 18.5% CAGR from 2024-2032 propelled by the versatility and effectiveness of diode lasers across various skin types and hair colors.

North America laser hair removal industry generated USD 459.3 million in revenue in 2023 and is set to exhibit robust growth through 2032 driven by the increasing focus on personal grooming and beauty consciousness, mainly in the U.S.

Some leading companies engaged in the laser hair removal industry are Asclepion Laser Technologies, Candela Corporation, Cutera, Inc, Fotona, Lumenis, Lutronic Corporation, Quanta System, Syneron Medical Ltd., Venus Concept, and Viora Life

Laser Hair Removal Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 211
  • Countries covered: 22
  • Pages: 143
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