South & Central America Laser Hair Removal Market Forecast to 2030
South & Central 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
Rising Popularity of Laser-Based Hair Removal Among Men Drive South & Central America 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.
South & Central America Laser Hair Removal Market Overview
The South and Central America laser hair removal market is further segmented into Brazil, Argentina, and the Rest of South & Central America. The market growth in these countries is due to rising number of non-surgical beauty treatments and technological advancements in laser devices used for hair removal treatments. In addition, countries in the region are investing and interested in improving their healthcare facilities and are focusing on primary and advanced care. Brazil has a high number of nonsurgical cosmetic procedures. According to the ISAPS, most aesthetic surgeries were performed in 2019 in Brazil. As per the same source, 10,080 hair removal procedures were performed in 2022 in the country and ranked second for the most cosmetic procedures in 2022. After the US, an impressive number of Brazilian cosmetic procedures underscores a profitable market that attracts business opportunities in this area. Thus, there is a need to analyze the risks and consequences of cosmetic surgery to physical and mental health as a hidden cost to beauty in Brazil and recommend areas for improvement to the cosmetic surgery industry in Brazil to address the problems of surgical failure in Brazil. In Brazil, no qualification is required by law to perform cosmetic nonsurgical procedures. Article 20 of the current legislation 23 only provides that the professional to promote operations in each medical field or specialty must be registered with the Regional Council of Medicine (CRM). The market for aesthetic devices in Brazil has grown rapidly in recent years. In addition, many market players gained international recognition for their innovations in the market. For instance, in 2021, Diolaser received the International Franchise Certificate, recognizing its advancement in internationalization among Brazilian brands. Medical tourism in South American countries has also increased, which has also helped market growth in Brazil. These factors have helped the laser hair removal market grow over the years.
South & Central America Laser Hair Removal Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Laser Hair Removal Market Segmentation
The South & Central America laser hair removal market is segmented into laser type, product type, end user, and country.
Based on laser type, the South & Central 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 South & Central America laser hair removal market in 2022.
Based on product type, the South & Central 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 South & Central America laser hair removal market in 2022.
Based on end user, the South & Central 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 South & Central America laser hair removal market in 2022.
Based on country, the South & Central America laser hair removal market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America laser hair removal market in 2022.
Alma Lasers Ltd, Candela Corp, Lutronic Co Ltd, and Sinclair Pharma Ltd are some of the leading companies operating in the South & Central America laser hair removal market.
Summary Info
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According to the Research Team’ research, the South & Central America laser hair removal market was valued at US$ 36.46 million in 2022 and is expected to reach US$ 83.74 million by 2030, registering a CAGR of 11.0% from 2022 to 2030. Increasing number of hair removal procedures and combination of different modalities are among the critical factors attributed to the South & Central America 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. Further, 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 South & Central America laser hair removal market.
Based on laser type, the South & Central America 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 South & Central America laser hair removal market in 2022, amassing US$ 16.55 million. It is projected to garner US$ 40.80 million by 2030 to expand at 11.9% CAGR during 2022-2030.
Based on product type, the South & Central America laser hair removal market is bifurcated into multiple standard wavelength and specific standard wavelength. The multiple standard wavelength segment held 61.8% share of South & Central America laser hair removal market in 2022, amassing US$ 22.52 million. It is projected to garner US$ 53.24 million by 2030 to expand at 11.4% CAGR during 2022-2030.
Based on end user, the South & Central 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 South & Central America laser hair removal market in 2022, amassing US$ 16.48 million. It is projected to garner US$ 40.55 million by 2030 to expand at 11.9% CAGR during 2022-2030.
Based on country, the South & Central America laser hair removal market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 43.7% share of South & Central America laser hair removal market in 2022. It was assessed at US$ 15.92 million in 2022 and is likely to hit US$ 38.23 million by 2030, exhibiting a CAGR of 11.6% during 2022-2030.
Key players operating in the South & Central America laser hair removal market are Alma Lasers Ltd, Candela Corp, Lutronic Co Ltd, and Sinclair Pharma Ltd, among others.
In January 2021, Candela Corporation collaborated with Merz Aesthetics to offer a comprehensive range of medical aesthetics products, which is among the most extensive in the world. The collaboration commenced in North America and gradually expanded to other regions. It brought together the expertise of a renowned esthetics business and a leading esthetic device company. The collaboration will also provide customers with convenient customer service and training.
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 South & Central 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 South & Central 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. South & Central America Laser Hair Removal Market – Key Industry Dynamics
4.1 South & Central 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 – South & Central America Market Analysis
5.1 South & Central America Laser Hair Removal Market Revenue (US$ Million), 2022 – 2030
5.2 South & Central America Laser Hair Removal Market Forecast and Analysis
6. South & Central America Laser Hair Removal Market Analysis – Laser Type
6.1 Alexandrite Laser
6.1.1 Overview
6.1.2 Alexandrite Laser: South & Central 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: South & Central 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: South & Central America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
6.4 Others
6.4.1 Overview
6.4.2 Others: South & Central America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Laser Hair Removal Market Analysis – Product Type
7.1 Multiple Standard Wavelength
7.1.1 Overview
7.1.2 Multiple Standard Wavelength: South & Central 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: South & Central America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Laser Hair Removal Market Analysis – End User
8.1 Beauty Clinics
8.1.1 Overview
8.1.2 Beauty Clinics: South & Central 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: South & Central America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: South & Central 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: South & Central America Laser Hair Removal Market, Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Laser Hair Removal Market – Country Analysis
9.1 South and Central America
9.1.1 South & Central America Laser Hair Removal Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 South & Central America Laser Hair Removal Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 Brazil: South & Central America Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 Overview
9.1.1.2.2 Brazil: South & Central America Laser Hair Removal Market Breakdown by Laser Type
9.1.1.2.3 Brazil: South & Central America Laser Hair Removal Market Breakdown by Product Type
9.1.1.2.4 Brazil: South & Central America Laser Hair Removal Market Breakdown by End User
9.1.1.3 Argentina: South & Central America Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Overview
9.1.1.3.2 Argentina: South & Central America Laser Hair Removal Market Breakdown by Laser Type
9.1.1.3.3 Argentina: South & Central America Laser Hair Removal Market Breakdown by Product Type
9.1.1.3.4 Argentina: South & Central America Laser Hair Removal Market Breakdown by End User
9.1.1.4 Rest of South & Central America: South & Central America Laser Hair Removal Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 Overview
9.1.1.4.2 Rest of South & Central America: South & Central America Laser Hair Removal Market Breakdown by Laser Type
9.1.1.4.3 Rest of South & Central America: South & Central America Laser Hair Removal Market Breakdown by Product Type
9.1.1.4.4 Rest of South & Central America: South & Central America 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 Candela Corp
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 Lutronic Co Ltd
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 Sinclair Pharma Ltd
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
12. Appendix
12.1 About the Research Team
LIST OF TABLES
Table 1. South & Central America Laser Hair Removal Market Segmentation
Table 2. South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – Laser Type
Table 4. South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 5. South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 6. South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. Brazil: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 8. Brazil: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 9. Brazil: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 10. Argentina: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 11. Argentina: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 12. Argentina: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 13. Rest of South & Central America: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Laser Type
Table 14. Rest of South & Central America: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type
Table 15. Rest of South & Central America: South & Central 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. South & Central America Laser Hair Removal Market Segmentation, By Country
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. South & Central America Laser Hair Removal Market Revenue (US$ Million), 2022 – 2030
Figure 4. South & Central America Laser Hair Removal Market Share (%) – Laser Type, 2022 and 2030
Figure 5. Alexandrite Laser: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 6. Diode Laser: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Nd: YAG Laser: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Others: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. South & Central America Laser Hair Removal Market Share (%) – Product Type, 2022 and 2030
Figure 10. Multiple Standard Wavelength: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Specific Standard Wavelength: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. South & Central America Laser Hair Removal Market Share (%) – End User, 2022 and 2030
Figure 13. Beauty Clinics: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Dermatology Clinics: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Hospitals: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Home Use: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. South & Central America Laser Hair Removal Market, By Key Country – Revenue (2022) (US$ Million)
Figure 18. South & Central America Laser Hair Removal Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. Brazil: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. Argentina: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. Rest of South & Central America: South & Central America Laser Hair Removal Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Growth Strategies in Laser Hair Removal Market
The List of Companies – South & Central America Laser Hair Removal Market
1. Alma Lasers Ltd
2. Candela Corp
3. Lutronic Co Ltd
4. Sinclair Pharma Ltd
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