Laser Hair Removal Market Size and Forecasts (2020 – 2030)

Laser Hair Removal Market Size and Forecasts (2020 – 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Laser Type (Alexandrite Laser, Diode Laser, Nd:YAG Laser, and Others),  Product Type (Multiple Standard Wavelengths and Specific Standard Wavelengths), End User (Beauty Clinics, Dermatology Clinics, Hospitals, and Home Use), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)

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Description

According to our new research study on “Laser Hair Removal Market Forecast to 2030 – Global Analysis – by Laser Type, Product Type, and End User,” the laser hair removal market size is expected to grow from US$ 0.539 billion in 2022 to US$ 1.465 billion by 2030; it is estimated to register a CAGR of 13.31% during 2022–2030. The growth of the market is attributed to the increasing number of hair removal procedures and combination of different modalities.

Laser hair removal is a noninvasive procedure used to eliminate unwanted hair from various parts of the body. The most commonly treated areas include the face, underarms, bikini area, back, and legs. The process is called selective photo-thermolysis, which involves using a laser to heat cells with a lot of pigment, particularly dark hair, to destroy the hair follicle and prevent hair growth. Multiple treatments are often required since hair follicles are in different stages at different times.

Advancements in Laser Hair Removal Products are the future trends for Laser Hair Removal Market.

Manufacturers in the laser hair removal market are increasingly focusing on the advancement of products to maintain the competitive environment in the market. In October 2022, Sensus Healthcare, Inc. introduced the portable Silk by Sensus hair removal system at the Fall Clinical Dermatology Conference. Silk by Sensus includes a portable diode laser with 2000W power, a lightweight handpiece, high repetition rates, and a super-cold cooling tip. The system blends wavelengths while emitting light vertically toward the skin. Its ability to sustain the density of the laser in a selected area, results in deeper and better penetration along with more homogeneous energy distribution, ultimately resulting in greater efficiency.

In April 2021, Medical U&A, a subsidiary of Osaka-Gunze Limited, obtained government approval to produce and sell the long-term hair reduction diode laser named MeDioStarMonolith in Japan. The company launched the product in April 2021.

In June 2020, Cynosure launched the Elite iQ platform, which is the next generation of the Elite+ Aesthetic Workstation. Elite iQ platform is designed to offer customized laser hair removal treatments based on a skin type and permanently reduce unwanted hair present anywhere on the body, including the face, chest, back, arms, bikini area, underarms, and legs.

Such strategic initiatives are trends for the market players to attain a significant position in the laser hair removal market.

Market Opportunity

Rising Popularity of Laser-Based Hair Removal Among Men is Creating Opportunities for the Market Growth.

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.

The “Global Laser Hair Removal Market” is segmented on the basis of laser type, product type, end user, and geography. Based on laser type, the market is segmented into Alexandrite Laser, Diode Laser, and Nd:YAG Laser and others. A diode laser is a type of semiconductor laser that produces a coherent projection of light in the visible infrared range. It uses a narrow-spectrum light beam to target specific chromophores in the skin. Compared to Ruby and Alexandrite laser systems, among others, the 800nm diode laser wavelength offers deeper penetration levels and superior melanin absorption. These unique characteristics make diode lasers the most suitable technology for laser hair removal, allowing for safe and effective treatment of all skin and hair types in all areas of the body.

End user-Based Insights

In terms of end user, the laser hair removal market is segregated into beauty clinics, dermatology clinics, hospitals, and home use. The beauty clinics segment held the largest share of the market in 2022, and it is anticipated to register the highest CAGR during 2022–2030. Laser hair removal performed by a skilled medical professional has emerged as a popular, safe, effective, and permanent procedure for removing unwanted hair from the body. According to the American Academy of Dermatology, laser hair removal performed by inexperienced individuals may lead to burns, permanent changes in skin color, and scarring. Therefore, skilled medical professionals employed in dermatology clinics, having extensive knowledge of skin and laser technology, play an important role in mitigating the possibility of these side effects and ensuring an effective treatment. With the need for specialized dermatology treatments, patients tend to visit specialty dermatology clinics for rapid and effective hair removal services. A few of the certified clinics operating in different parts of the world include Tulsa Dermatology Clinic, Australian Skin Clinic, and Olivia Hair and Skin Clinic.

A beauty clinic is a healthcare facility that mainly offers outpatient services. Services provided by an aesthetic skin care clinic include laser hair removal, Botox and fillers, skin rejuvenation therapies, facial and chemical skin peels, and several other similar treatments. Cosmetic treatments are known to have a significant impact on the confidence and self-image of people seeking these treatments, which would continue to boost the popularity of hair reduction and removal treatments. Trained therapists appointed in aesthetic skin care clinics offer a more comprehensive range of treatments. A safe, clean environment is maintained in these clinics, which are specifically designed to prevent infection during or post procedures. Beauty clinics are equipped with high-quality machines and fittings that make procedures and treatments easy and less hazardous. Therefore, a burgeoning number of laser hair removal procedures performed in aesthetic clinics such as Dermoperfection Medical Skin and Cosmetic Clinic, and Alfa Laser Centre favors the global laser hair removal market.

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According to our new research study on “Laser Hair Removal Market Forecast to 2030 – Global Analysis – by Laser Type, Product Type, and End User,” the laser hair removal market size is expected to grow from US$ 0.539 billion in 2022 to US$ 1.465 billion by 2030; it is estimated to register a CAGR of 13.31% during 2022–2030. The report highlights trends prevailing in the market, and the factors driving and hindering the laser hair removal market growth. The growth of the market is attributed to the increasing number of hair removal procedures and combination of different modalities. However, side effects of laser hair removal procedures hinder the market growth.

Global Laser hair removal market is segmented by region into North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. The North America Laser hair removal market has been segmented into the US, Canada, and Mexico. The growth of the laser hair removal market in the US is attributed to the increasing cases of hirsutism, PCOS, and related disorders, and the rising number of hair removal treatments in the country. According to Boston Children’s Hospital, ~8% of women in the US are affected by hirsutism, a condition in which women experience excessive hair growth in areas such as the face, chest, and back. Thus, laser hair removal treatments have gained significant traction in the country.

Increasing Number of Hair Removal Procedures to Drive the Laser Hair Removal Market

In the past, waxing was introduced as a replacement for depilatory methods such as shaving and tweezing. The wax that was often regarded as the safest has now been rendered obsolete by cutting-edge laser hair removal technology. Several medical establishments in the US and other countries in the world are embracing this semipermanent hair removal approach, and many facilities operate by employing a group of specialists with combined expertise in providing cosmetic treatments, including laser hair removal. Laser hair removal treatments have improved significantly. With these enhancements, more efficient and faster systems have been introduced, ensuring a less painful experience due to features such as mini blasts of cryogen spray before each pulse to cool and numb and integrated chilled tips. According to data provided by the American Society of Plastic Surgeons in 2023, more than 750,000 laser hair removal procedures are performed in the US each year. Therefore, the increasing number of hair removal procedures propels the growth of the laser hair removal market globally.

End User-Based Insights

In terms of end user, the laser hair removal market is segregated into beauty clinics, dermatology clinics, hospitals, and home use. The beauty clinics segment held the largest share of the market in 2022, and it is anticipated to register the highest CAGR during 2022–2030. Laser hair removal performed by a skilled medical professional has emerged as a popular, safe, effective, and permanent procedure for removing unwanted hair from the body. According to the American Academy of Dermatology, laser hair removal performed by inexperienced individuals may lead to burns, permanent changes in skin color, and scarring. Therefore, skilled medical professionals employed in dermatology clinics, having extensive knowledge of skin and laser technology, play an important role in mitigating the possibility of these side effects and ensuring an effective treatment. With the need for specialized dermatology treatments, patients tend to visit specialty dermatology clinics for rapid and effective hair removal services. A few of the certified clinics operating in different parts of the world include Tulsa Dermatology Clinic, Australian Skin Clinic, and Olivia Hair and Skin Clinic.

Alma Lasers Ltd, Cutera Inc, Candela Corp, Cynosure Llc, Sciton Inc, Citation Spectrum Llc, Sinclair Pharma Ltd, Lutronic Co Ltd, Lumenis Be Ltd, and Vertex Lasers Inc are among the leading companies operating in the laser hair removal market. These players focus on expanding and diversifying their market presence and acquiring a novel customer base, tapping prevailing business opportunities in the laser hair removal market.

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The global Laser hair removal market is segmented into technology, application, and end user. Based on Laser Type, the market is segmented into Alexandrite Laser, Diode Laser, Nd:YAG Laser, and Others. In terms of product type the market is bifurcated into, multiple standard wavelengths and specific standard wavelengths. The Laser hair removal market, by end user, is segmented into beauty clinics, dermatology clinics, hospitals, and home use. By geography, the Laser hair removal market is segmented into North America (US, Canada, and Mexico), Europe (France, Germany, UK, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and Rest of APAC), Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of MEA), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

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TABLE OF CONTENTS

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Medical Marijuana Market – by Product
1.3.2 Europe Medical Marijuana Market – by Application
1.3.3 Europe Medical Marijuana Market – by Distribution Channel
1.3.4 Europe Medical Marijuana Market – by Country
2. Europe Medical Marijuana Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Medical Marijuana Market – Market Landscape
4.1 Overview
4.2 Europe– PEST Analysis
4.3 Expert Opinion
5. Europe Medical Marijuana Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Approvals of Medical Marijuana
5.2 Market Restraints
5.2.1 Cultural and Social Stigma
5.3 Market Opportunities
5.3.1 Pharmaceutical Integration in the Medical Marijuana Market
5.4 Future Trends
5.4.1 Regional Trade and Collaboration in the Medical Marijuana Market
5.5 Impact Analysis
6. Medical Marijuana Market –Europe Analysis
6.1 Europe Medical Marijuana Market Revenue Forecast and Analysis
7. Europe Medical Marijuana Market Revenue and Forecast To 2028– by Product
7.1 Overview
7.2 Europe Medical Marijuana Market Revenue Share, by Product (2021 and 2028)
7.3 Dried Form
7.3.1 Overview
7.3.2 Dried Form: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Extract Form
7.4.1 Overview
7.4.2 Extract Form: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Medical Marijuana Market Analysis – by Application
8.1 Overview
8.2 Europe Medical Marijuana Market Revenue Share, by Application (2021 and 2028)
8.3 Pain Management
8.3.1 Overview
8.3.2 Pain Management: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Tourette’s
8.4.1 Overview
8.4.2 Tourette’s: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Alzheimer’s Disease
8.5.1 Overview
8.5.2 Alzheimer’s Disease: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Migraines
8.6.1 Overview
8.6.2 Migraines: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Depression and Anxiety
8.7.1 Overview
8.7.2 Depression and Anxiety: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Multiple Sclerosis
8.8.1 Overview
8.8.2 Multiple Sclerosis: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Cancer
8.9.1 Overview
8.9.2 Cancer: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Medical Marijuana Market – by Distribution Channel
9.1 Overview
9.2 Europe Medical Marijuana Market , by Distribution Channel (2021 and 2028)
9.3 Retail Pharmacy
9.3.1 Overview
9.3.2 Retail Pharmacy: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
9.4 E-Commerce
9.4.1 Overview
9.4.2 E-commerce: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Medical Marijuana Market Revenue and Forecast to 2028 – Country Analysis
10.1 Overview
10.1.1 Europe Medical Marijuana Market , by Country, 2021 & 2028 (%)
10.1.1.1 Germany: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.2 Germany: Europe Medical Marijuana Market , by Product– Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.3 Germany: Europe Medical Marijuana Market , by Application – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.4 Germany: Europe Medical Marijuana Market , by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2 UK: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 UK: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.2 UK: Europe Medical Marijuana Market , by Product– Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.3 UK: Europe Medical Marijuana Market , by Application – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.4 UK: Europe Medical Marijuana Market , by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3 France: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 France: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.2 France: Europe Medical Marijuana Market , by Product– Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.3 France: Europe Medical Marijuana Market , by Application – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.4 France: Europe Medical Marijuana Market , by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4 Italy: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Italy: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.2 Italy: Europe Medical Marijuana Market , by Product– Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.3 Italy: Europe Medical Marijuana Market , by Application – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.4 Italy: Europe Medical Marijuana Market , by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5 Spain: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Spain: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.2 Spain: Europe Medical Marijuana Market , by Product– Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.3 Spain: Europe Medical Marijuana Market , by Application – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.4 Spain: Europe Medical Marijuana Market , by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6 Rest of Europe: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Europe Medical Marijuana Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.2 Rest of Europe: Europe Medical Marijuana Market , by Product– Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.3 Rest of Europe: Europe Medical Marijuana Market , by Application – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.4 Rest of Europe: Europe Medical Marijuana Market , by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
11. Europe Medical Marijuana Market – Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Europe Medical Marijuana Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 VIVO Cannabis Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Panaxia Pharmaceutical Industries Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Aphria, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Canopy Growth Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 GW Pharmaceuticals
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About
13.2 Glossary of Terms for Europe Medical Marijuana Market

LIST OF TABLES

LIST OF FIGURES

The List of Companies – Laser Hair Removal Market
– Alma Lasers Ltd            
– Cutera Inc       
– Candela Corp                
– Cynosure LLC                
– Sciton Inc        
– Citation Spectrum LLC               
– Lutronic Co Ltd             
– Sinclair Pharma Ltd     
– Lumenis Be Ltd             
– Vertex Lasers Inc

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