Asia Pacific Laser Hair Removal Market Forecast to 2030
Asia Pacific Laser Hair Removal Market Forecast to 2030 – Regional Analysis – by Laser Type (Alexanderite Laser, Diode Laser, Nd: YAG Laser, and Others), Product Type (Multiple Standard Wavelength and Specific Standard Wavelength), and End User (Beauty Clinics, Dermatology Clinics, Hospitals, and Home Use)
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Description
Rising Popularity of Laser-Based Hair Removal Among Men Drive Asia Pacific Laser Hair Removal Market
Laser hair removal is rapidly gaining traction in modern cosmetic dermatology. The standards of aesthetics and beauty are transforming every day for men and women alike. Men are willing to try out laser treatments for removing excessive hair, generally on the face, and neck, back, and chest parts. They especially appreciate the diode laser’s ability to remove even the coarsest hair from relatively large body areas. Getting rid of unwanted hair with the traditional methods is often painful, time-consuming, and gives temporary results that last for a few days to a few weeks. Therefore, just like women, men are also opting for long-lasting body hair removal treatments. Laser hair removal treatments for men offer a remarkable solution for eradicating pesky hair from hard-to-reach areas such as the back, shoulders, and buttocks, ensuring smooth and appealing surfaces.
This treatment is also deemed perfect for urban men who desire a neat and hygienic appearance, and it also serves as an ideal alternative to traditional hair removal methods that are tedious, time-consuming, and messy. Mankini laser hair removal is the male equivalent to full Brazilian laser hair removal. Mankini laser treatments are part of the growing manscaping trends amongst men.
Asia Pacific Laser Hair Removal Market Overview
The Asia Pacific laser hair removal market is analyzed based on China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The growth in Asia Pacific is characterized by the rising incidence of skin rejuvenation, growing awareness of cosmetic procedures to improve aesthetic appeal, and the rise of its wealthy middle class. People have grown more aware of beauty issues, becoming well-informed about aesthetic treatments, and the increase in healthcare expenditure and availability of technological advancements in aesthetic products help boost the growth of the laser hair removal market in the region. Noninvasive cosmetic procedures such as lasers are gaining in popularity in the Chinese market due to their significant benefits and minimal downtime. China’s economy continues to grow along with the rising disposable income and wealth of its citizens. This increase in spending power has led to a booming cosmetic surgery industry.
Many Chinese millennials place high importance on personal grooming and self-care. According to the “New Oxygen 2019 White Paper on Medical Aesthetics Industry” in 2018, the consumption of Chinese aesthetic treatment ranked first in the world, exceeding that of the US and South Korea. Thus, the factors mentioned above are likely to propel the demand for laser hair removal in the country.
Asia Pacific Laser Hair Removal Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Laser Hair Removal Market Segmentation
The Asia Pacific laser hair removal market is segmented into laser type, product type, end user, and country.
Based on laser type, the Asia Pacific laser hair removal market is segmented into alexanderite laser, diode laser, Nd: YAG laser, and others. The diode laser segment held the largest share of the Asia Pacific laser hair removal market in 2022.
Based on product type, the Asia Pacific laser hair removal market is bifurcated into multiple standard wavelength and specific standard wavelength. The multiple standard wavelength segment held a larger share of the Asia Pacific laser hair removal market in 2022.
Based on end user, the Asia Pacific laser hair removal market is segmented into beauty clinics, dermatology clinics, hospitals, and home use. The beauty clinics segment held the largest share of the Asia Pacific laser hair removal market in 2022.
Based on country, the Asia Pacific laser hair removal market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific laser hair removal market in 2022.
Alma Lasers Ltd, Candela Corp, Cutera Inc, Lumenis Be Ltd, Lutronic Co Ltd, Sciton Inc, and Sinclair Pharma Ltd are some of the leading companies operating in the Asia Pacific laser hair removal market.
Summary Info
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According to the Research Team’ research, the Asia Pacific laser hair removal market was valued at US$ 104.65 million in 2022 and is expected to reach US$ 331.94 million by 2030, registering a CAGR of 15.5% from 2022 to 2030. Increasing number of hair removal procedures and combination of different modalities are among the critical factors attributed to the Asia Pacific laser hair removal market expansion.
Many lasers and intense pulsed light (IPL) modalities have been introduced to treat multiple skin types and concerns. The combination of these modalities has emerged as one of the most recent and notable innovations in the laser hair removal market. The Duetto MT Evo from Lynton Lasers combines and delivers simultaneous emission of both a true Alexandrite 755 nm laser and Nd: YAG 1064 nm laser, which are individually considered as the gold standard lasers for hair removal on skin types 1-6. This combination renders this particular model exceptionally good at treating fine and fair hair, especially on the face.
The Quanta Systems Thunder MT system by Advanced Esthetics Solutions blends Alexandrite and Nd: YAG, delivering outstanding results in a wide range of treatments. The system uses both these wavelengths in simultaneous, sequential and singular modes, depending on the treatment and customers’ needs. Optiscan TH head incorporated in Thunder TH allows for semiautomatic treatment of wide scanning areas, reducing the treatment time and making it more effective. Thunder is suitable for hair removal applications for all skin types. It is also used to treat vascular lesions, skin rejuvenation, pigmentation, and onychomycosis, among other issues. Thus, the introduction of laser hair removal devices with combined modalities boosts the overall laser hair removal market growth.
On the contrary, side effects of laser hair removal procedures hamper the Asia Pacific laser hair removal market.
Based on laser type, the Asia Pacific laser hair removal market is segmented into alexanderite laser, diode laser, Nd: YAG laser, and others. The diode laser segment held 45.4% share of Asia Pacific laser hair removal market in 2022, amassing US$ 47.50 million. It is projected to garner US$ 158.85 million by 2030 to expand at 16.3% CAGR during 2022-2030.
Based on product type, the Asia Pacific laser hair removal market is bifurcated into multiple standard wavelength and specific standard wavelength. The multiple standard wavelength segment held 62.4% share of Asia Pacific laser hair removal market in 2022, amassing US$ 65.35 million. It is projected to garner US$ 214.53 million by 2030 to expand at 16.0% CAGR during 2022-2030.
Based on end user, the Asia Pacific laser hair removal market is segmented into beauty clinics, dermatology clinics, hospitals, and home use. The beauty clinics segment held 45.3% share of Asia Pacific laser hair removal market in 2022, amassing US$ 47.38 million. It is projected to garner US$ 160.14 million by 2030 to expand at 16.4% CAGR during 2022-2030.
Based on country, the Asia Pacific laser hair removal market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 23.0% share of Asia Pacific laser hair removal market in 2022. It was assessed at US$ 24.07 million in 2022 and is likely to hit US$ 87.63 million by 2030, exhibiting a CAGR of 17.5% during 2022-2030.
Key players operating in the Asia Pacific laser hair removal market are Alma Lasers Ltd, Candela Corp, Cutera Inc, Lumenis Be Ltd, Lutronic Co Ltd, Sciton Inc, and Sinclair Pharma Ltd, among others.
In October 2022, Ulike launched Air3 a sapphire ice cooling hair removal device to offer beauty technology to women in Southeast Asia, the Air3 sapphire hair removal device has been improved to increase energy efficiency, using a total of 21J.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific laser hair removal market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Laser Hair Removal Market – Key Industry Dynamics
4.1 Asia Pacific Laser Hair Removal Market – Key Industry Dynamics
4.2 Market Drivers
4.2.1 Increasing Number of Hair Removal Procedures
4.2.2 Combination of Different Modalities
4.3 Market Restraints
4.3.1 Side Effects of Laser Hair Removal Procedures
4.4 Market Opportunities
4.4.1 Rising Popularity of Laser-Based Hair Removal Among Men
4.5 Future Trends
4.5.1 Advancements in Laser Hair Removal Products
4.6 Impact of Drivers and Restraints:
5. Laser Hair Removal Market – Asia Pacific Market Analysis
5.1 Asia Pacific Laser Hair Removal Market Revenue (US$ Million), 2022 – 2030
5.2 Asia Pacific Laser Hair Removal Market Forecast and Analysis
6. Asia Pacific Laser Hair Removal Market Analysis – Laser Type
6.1 Alexandrite Laser
6.1.1 Overview
6.1.2 Alexandrite Laser: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
6.2 Diode Laser
6.2.1 Overview
6.2.2 Diode Laser: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
6.3 Nd: YAG Laser
6.3.1 Overview
6.3.2 Nd: YAG Laser: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
6.4 Others
6.4.1 Overview
6.4.2 Others: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Laser Hair Removal Market Analysis – Product Type
7.1 Multiple Standard Wavelength
7.1.1 Overview
7.1.2 Multiple Standard Wavelength: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Specific Standard Wavelength
7.2.1 Overview
7.2.2 Specific Standard Wavelength: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Laser Hair Removal Market Analysis – End User
8.1 Beauty Clinics
8.1.1 Overview
8.1.2 Beauty Clinics: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Dermatology Clinics
8.2.1 Overview
8.2.2 Dermatology Clinics: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Home Use
8.4.1 Overview
8.4.2 Home Use: Asia Pacific Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Laser Hair Removal Market – Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Laser Hair Removal Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 Asia Pacific Laser Hair Removal Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 China: Asia Pacific Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 Overview
9.1.1.2.2 China: Asia Pacific Laser Hair Removal Market Breakdown by Laser Type
9.1.1.2.3 China: Asia Pacific Laser Hair Removal Market Breakdown by Product Type
9.1.1.2.4 China: Asia Pacific Laser Hair Removal Market Breakdown by End User
9.1.1.3 Japan: Asia Pacific Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Overview
9.1.1.3.2 Japan: Asia Pacific Laser Hair Removal Market Breakdown by Laser Type
9.1.1.3.3 Japan: Asia Pacific Laser Hair Removal Market Breakdown by Product Type
9.1.1.3.4 Japan: Asia Pacific Laser Hair Removal Market Breakdown by End User
9.1.1.4 India: Asia Pacific Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 Overview
9.1.1.4.2 India: Asia Pacific Laser Hair Removal Market Breakdown by Laser Type
9.1.1.4.3 India: Asia Pacific Laser Hair Removal Market Breakdown by Product Type
9.1.1.4.4 India: Asia Pacific Laser Hair Removal Market Breakdown by End User
9.1.1.5 Australia: Asia Pacific Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.5.1 Overview
9.1.1.5.2 Australia: Asia Pacific Laser Hair Removal Market Breakdown by Laser Type
9.1.1.5.3 Australia: Asia Pacific Laser Hair Removal Market Breakdown by Product Type
9.1.1.5.4 Australia: Asia Pacific Laser Hair Removal Market Breakdown by End User
9.1.1.6 South Korea: Asia Pacific Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.6.1 Overview
9.1.1.6.2 South Korea: Asia Pacific Laser Hair Removal Market Breakdown by Laser Type
9.1.1.6.3 South Korea: Asia Pacific Laser Hair Removal Market Breakdown by Product Type
9.1.1.6.4 South Korea: Asia Pacific Laser Hair Removal Market Breakdown by End User
9.1.1.7 Rest of APAC: Asia Pacific Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.7.1 Overview
9.1.1.7.2 Rest of APAC: Asia Pacific Laser Hair Removal Market Breakdown by Laser Type
9.1.1.7.3 Rest of APAC: Asia Pacific Laser Hair Removal Market Breakdown by Product Type
9.1.1.7.4 Rest of APAC: Asia Pacific Laser Hair Removal Market Breakdown by End User
10. Industry Landscape
10.1 Overview
10.2 Growth Strategies in Laser Hair Removal Market
10.3 Organic Growth Strategies
10.3.1 Overview
10.4 Inorganic Growth Strategies
10.4.1 Overview
11. Company Profiles
11.1 Alma Lasers Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Cutera Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Candela Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Sciton Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Lutronic Co Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Sinclair Pharma Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Lumenis Be Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About the Research Team
LIST OF TABLES
Table 1. Asia Pacific Laser Hair Removal Market Segmentation
Table 2. Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – Laser Type
Table 4. Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 5. Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 6. Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. China: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 8. China: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 9. China: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 10. Japan: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 11. Japan: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. Japan: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 13. India: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 14. India: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 15. India: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 16. Australia: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 17. Australia: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 18. Australia: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 19. South Korea: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 20. South Korea: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 21. South Korea: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 22. Rest of APAC: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 23. Rest of APAC: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 24. Rest of APAC: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 25. Recent Organic Growth Strategies in Asia Pacific Laser Hair Removal Market
Table 26. Recent Inorganic Growth Strategies in the Asia Pacific Laser Hair Removal Market
LIST OF FIGURES
Figure 1. Asia Pacific Laser Hair Removal Market Segmentation, By Country
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. Asia Pacific Laser Hair Removal Market Revenue (US$ Million), 2022 – 2030
Figure 4. Asia Pacific Laser Hair Removal Market Share (%) – Laser Type, 2022 and 2030
Figure 5. Alexandrite Laser: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 6. Diode Laser: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Nd: YAG Laser: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Others: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Asia Pacific Laser Hair Removal Market Share (%) – Product Type, 2022 and 2030
Figure 10. Multiple Standard Wavelength: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Specific Standard Wavelength: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Asia Pacific Laser Hair Removal Market Share (%) – End User, 2022 and 2030
Figure 13. Beauty Clinics: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Dermatology Clinics: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Hospitals: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Home Use: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Asia Pacific Laser Hair Removal Market, By Key Country – Revenue (2022) (US$ Million)
Figure 18. Asia Pacific Laser Hair Removal Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. China: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. Japan: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. India: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Australia: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. South Korea: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Rest of APAC: Asia Pacific Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Growth Strategies in Laser Hair Removal Market
The List of Companies – Asia Pacific Laser Hair Removal Market
1. Alma Lasers Ltd
2. Candela Corp
3. Cutera Inc
4. Lumenis Be Ltd
5. Lutronic Co Ltd
6. Sciton Inc
7. Sinclair Pharma Ltd
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