North America Laser Hair Removal Market Forecast to 2030

North America Laser Hair Removal Market Forecast to 2030

North America 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

The North America laser hair removal market is expected to grow from US$ 233.31 million in 2022 to US$ 595.36 million by 2030. It is estimated to grow at a CAGR of 12.4% from 2022 to 2030.

Increasing Number of Hair Removal Procedures Drive North America 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 are embracing this semi-permanent 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.

North America Laser Hair Removal Market Overview

The North America laser hair removal market has been segmented into the US, Canada, and Mexico. The market growth in this region is attributed to the increasing cases of hair fall causing disorders such as Hirsutism, PCOS, and the rising number of hair removal treatments owing to the vast presence of beauty clinics in US and Canada. The growing medical tourism in Mexico for non-surgical beauty treatments is additionally driving the laser hair removal market in North America. North America Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn). 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. According to the article published by PubMed Central in April 2020, the use of laser technology for hair removal in such medical conditions is found to be safe and effective, with an average clearance rate of 20-75% after 1-6 months of follow-up. Thus, laser hair removal treatments have gaining significant traction in the country. As per the Plastic Surgery Statistics Report released by the American Society of Plastic Surgeons, 757,808 laser hair removal treatments were performed by plastic surgeons in 2020 in the US. Therefore, the abovementioned factors are driving the laser hair removal market in the US.

North America Laser Hair Removal Market Revenue and Forecast to 2030 (US$ Million)

North America Laser Hair Removal Market Segmentation

The North America laser hair removal market is segmented into laser type, product type, end user, and country.

Based on laser type, the North America 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 North America laser hair removal market in 2022.

Based on product type, the North America 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 North America laser hair removal market in 2022.

Based on end user, the North America 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 North America laser hair removal market in 2022.

Based on country, the North America laser hair removal market is segmented into the US, Canada, and Mexico. The US dominated the North America laser hair removal market in 2022.

Alma Lasers Ltd, Candela Corp, Citation Spectrum LLC, Cutera Inc, Cynosure LLC, Lumenis Be Ltd, Lutronic Co Ltd, Sciton Inc, Sinclair Pharma Ltd, and Vertex Lasers Inc are some of the leading companies operating in the North America laser hair removal market.

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At 12.4% CAGR, the North America Laser Hair Removal Market is speculated to be worth US$ 595.36 million by 2030, Says the Research Team

According to the Research Team’ research, the North America laser hair removal market was valued at US$ 233.31 million in 2022 and is expected to reach US$ 595.36 million by 2030, registering a CAGR of 12.4% from 2022 to 2030. Increasing number of hair removal procedures and advancements in laser hair removal products are among the critical factors attributed to the North America laser hair removal market expansion.

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 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.

On the contrary, side effects of laser hair removal procedures hamper the North America laser hair removal market.

Based on laser type, the North America laser hair removal market is segmented into alexanderite laser, diode laser, Nd: YAG laser, and others. The diode laser segment held 45.2% share of North America laser hair removal market in 2022, amassing US$ 105.36 million. It is projected to garner US$ 291.51 million by 2030 to expand at 13.6% CAGR during 2022-2030.

Based on product type, the North America laser hair removal market is bifurcated into multiple standard wavelength and specific standard wavelength. The multiple standard wavelength segment held 61.5% share of North America laser hair removal market in 2022, amassing US$ 143.39 million. It is projected to garner US$ 376.44 million by 2030 to expand at 12.8% CAGR during 2022-2030.

Based on end user, the North America laser hair removal market is segmented into beauty clinics, dermatology clinics, hospitals, and home use. The beauty clinics segment held 45.2% share of North America laser hair removal market in 2022, amassing US$ 105.36 million. It is projected to garner US$ 290.19 million by 2030 to expand at 13.5% CAGR during 2022-2030.

Based on country, the North America laser hair removal market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 87.3% share of North America laser hair removal market in 2022. It was assessed at US$ 203.56 million in 2022 and is likely to hit US$ 529.10 million by 2030, exhibiting a CAGR of 12.7% during 2022-2030.

Key players operating in the North America laser hair removal market are Alma Lasers Ltd, Candela Corp, Citation Spectrum LLC, Cutera Inc, Cynosure LLC, Lumenis Be Ltd, Lutronic Co Ltd, Sciton Inc, Sinclair Pharma Ltd, and Vertex Lasers Inc, among others.

In February 2022, Sinclair Pharma Ltd announced a complete acquisition of Viora to expand its product portfolio. The acquisition has helped to gain a direct commercial base in the US.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America laser hair removal market.
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 North America 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 North America 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. North America Laser Hair Removal Market – Key Industry Dynamics
4.1 North America 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 – North America Market Analysis
5.1 North America Laser Hair Removal Market Revenue (US$ Million), 2022 – 2030
5.2 North America Laser Hair Removal Market Forecast and Analysis
6. North America Laser Hair Removal Market Analysis – Laser Type
6.1 Alexandrite Laser
6.1.1 Overview
6.1.2 Alexandrite Laser: North America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
6.2 Diode Laser
6.2.1 Overview
6.2.2 Diode Laser: North America 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: North America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
6.4 Others
6.4.1 Overview
6.4.2 Others: North America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
7. North America Laser Hair Removal Market Analysis – Product Type
7.1 Multiple Standard Wavelength
7.1.1 Overview
7.1.2 Multiple Standard Wavelength: North America 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: North America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8. North America Laser Hair Removal Market Analysis – End User
8.1 Beauty Clinics
8.1.1 Overview
8.1.2 Beauty Clinics: North America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Dermatology Clinics
8.2.1 Overview
8.2.2 Dermatology Clinics: North America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: North America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Home Use
8.4.1 Overview
8.4.2 Home Use: North America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
9. North America Laser Hair Removal Market – Country Analysis
9.1 North America
9.1.1 North America Laser Hair Removal Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 North America Laser Hair Removal Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 United States: North America Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 Overview
9.1.1.2.2 United States: North America Laser Hair Removal Market Breakdown by Laser Type
9.1.1.2.3 United States: North America Laser Hair Removal Market Breakdown by Product Type
9.1.1.2.4 United States: North America Laser Hair Removal Market Breakdown by End User
9.1.1.3 Canada: North America Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Overview
9.1.1.3.2 Canada: North America Laser Hair Removal Market Breakdown by Laser Type
9.1.1.3.3 Canada: North America Laser Hair Removal Market Breakdown by Product Type
9.1.1.3.4 Canada: North America Laser Hair Removal Market Breakdown by End User
9.1.1.4 Mexico: North America Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 Overview
9.1.1.4.2 Mexico: North America Laser Hair Removal Market Breakdown by Laser Type
9.1.1.4.3 Mexico: North America Laser Hair Removal Market Breakdown by Product Type
9.1.1.4.4 Mexico: North America Laser Hair Removal Market Breakdown by End User
10. Industry Landscape
10.1 Overview
10.2 Growth Strategies in North America 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 Cynosure LLC
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 Sciton Inc
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 Citation Spectrum LLC
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 Lutronic Co 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
11.8 Sinclair Pharma Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Lumenis Be Ltd
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Vertex Lasers Inc
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Research Team

LIST OF TABLES

Table 1. North America Laser Hair Removal Market Segmentation
Table 2. North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – Laser Type
Table 4. North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 5. North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 6. North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. United States: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 8. United States: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 9. United States: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 10. Canada: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 11. Canada: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. Canada: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 13. Mexico: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 14. Mexico: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 15. Mexico: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 16. Recent Organic Growth Strategies in Laser Hair Removal Market
Table 17. Recent Inorganic Growth Strategies in the Laser Hair Removal Market

LIST OF FIGURES

Figure 1. North America Laser Hair Removal Market Segmentation, By Country
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. North America Laser Hair Removal Market Revenue (US$ Million), 2022 – 2030
Figure 4. North America Laser Hair Removal Market Share (%) – Laser Type, 2022 and 2030
Figure 5. Alexandrite Laser: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 6. Diode Laser: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Nd: YAG Laser: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Others: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. North America Laser Hair Removal Market Share (%) – Product Type, 2022 and 2030
Figure 10. Multiple Standard Wavelength: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Specific Standard Wavelength: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. North America Laser Hair Removal Market Share (%) – End User, 2022 and 2030
Figure 13. Beauty Clinics: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Dermatology Clinics: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Hospitals: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Home Use: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. North America Laser Hair Removal Market, By Key Country – Revenue (2022) (US$ Million)
Figure 18. North America Laser Hair Removal Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. United States: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. Canada: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. Mexico: North America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Growth Strategies in North America Laser Hair Removal Market

The List of Companies – North America Laser Hair Removal Market

1. Alma Lasers Ltd
2. Candela Corp
3. Citation Spectrum LLC
4. Cutera Inc
5. Cynosure LLC
6. Lumenis Be Ltd
7. Lutronic Co Ltd
8. Sciton Inc
9. Sinclair Pharma Ltd
10. Vertex Lasers Inc

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