The Laser Hair Removal Market report offers an in-depth assessment of key factors impacting its growth, such as technological developments and new product releases by companies. Furthermore, this report details key challenges facing this market and how best to overcome them.
Laser hair removal market growth was driven by rising disposable incomes and demand for aesthetic improvement, however in 2020 the covid 19 Pandemic disrupted this growth significantly.
The target market for laser hair removal is women
Laser hair removal is an increasingly popular cosmetic treatment. This procedure uses concentrated light beams to target and destroy unwanted facial or body hair pigment. Laser Hair Removal provides many advantages over other methods of hair removal, including plucking, shaving and waxing. Notably, there are no side effects with Laser Hair Removal treatment, making it an excellent cosmetic solution for many people. Due to rising disposable incomes and improved standards of living, laser hair removal is enjoying rapid expansion as an aesthetic procedure among women. Not only can it improve their appearance; it has proven itself effective against acne outbreaks as well as other skin ailments.
Men have increasingly become interested in having hairless bodies, with many celebrities opting for a shaved torso look. This trend has created an opportunity for salons that specialize in male grooming to provide these services; laser hair removal may be available, amongst other treatments and products.
The global laser hair removal market can be divided into four main segments, which are type, gender, age group and end user. Market segments for type include alexandrite laser hair removal and diode laser hair removal devices with Nd:YAG being projected for increased growth due to being safe and effective devices that remove unwanted hair.
Another key driver in the market is the growing presence of beauty salons and dermatology clinics offering advanced hair removal treatments to their customers and increase revenue. Unfortunately, Covid-19 pandemic has had an adverse impact on this sector and caused most dermatology practices to close their doors, further propelling this market forward.
This report presents a comprehensive view of the market and its trends, covering market size, key players and competitive landscape. Furthermore, geographical region and product analysis is conducted in detail as well as key trends that are shaping its future development.
The target market for laser hair removal is men
Laser hair removal is one of the fastest-growing beauty procedures. An increase in awareness about its efficacy and technological innovations are two major drivers behind its rapid expansion; however, many consumers remain deterred by its cost; as a result, its global market experienced significant decreases during Covid 19 pandemic but is anticipated to rebound soon thereafter.
Laser treatments are effective treatments for treating vascular lesions (including resistant port-wine stains), pigmented lesions and aging skin. Their target market are men looking to enhance their appearance. By adding laser services to your salon menu you may increase sales while simultaneously improving customer satisfaction.
Laser hair removal for men has witnessed tremendous growth due to more men opting for smooth, hair-free bodies like those seen on Love Island celebrities Wes Nelson and Adam Collard, known for having silky-smooth bodies like these two men have come forward publicly with their body enhancement strategies.
Key drivers of Asia Pacific aesthetic procedures market growth include increasing population, rising incidences of skin damage, and medical tourism growth in emerging economies such as China and India. Both nations boast large populations while growing middle classes while experiencing economic liberalization – factors which drive aesthetic procedures demand.
The global laser hair removal market can be divided into categories that reflect its products, gender, age group, end user needs and regions analyzed; by product the market can be divided between alexandrite laser hair removal and diode laser hair removal; additionally it’s broken down geographically into North America, Europe Asia Pacific LAMEA as key regions.
North America holds more than 30% market share for laser hair removal globally in 2021. This dominance can be attributed to its abundance of dermatology clinics offering cosmetic laser treatments as well as increasing adoption. North America also benefits from high demand for these procedures in procedures like treating rosacea, psoriasis and onychomycosis.
The target market for laser hair removal is the medical spas & specialty clinics
Aesthetic lasers are widely employed in the medical aesthetics industry for various treatments, most notably hair reduction. Their effectiveness lies in reducing unwanted hair while simultaneously improving skin tone, tightening, acne reduction, skin tightening and acne treatment – thus propelling growth of this global laser hair removal market over the coming years. Demand is being driven by an expanding population, increasing disposable income levels and an emphasis on self-esteem enhancement and beauty enhancement.
An increasing number of cosmetic clinics and spas are providing laser hair removal treatments to their clients. These procedures can be very effective at eliminating unwanted hair and are becoming increasingly popular with women. Lasers provide faster and less painful removal compared to shaving, threading or waxing methods – plus lasers can remove multiple hairs at once while remaining safe for most users.
Laser hair removal may be effective at reducing unwanted hair, but it is not a permanent solution. Multiple treatments will likely be necessary in order to reach hair-free status and this process could last many sessions; thus limiting market expansion of this market segment.
The global laser hair removal market can be divided into three segments: product, end user and region. By product type, this market includes diode, alexandrite and Nd: YAG lasers while end-user classification encompasses hospitals, medical spas and specialty clinics as well as others.
North America holds over 30 percent market share for laser hair removal services, due to the large concentration of dermatological clinics and experienced specialists, and professional use of aesthetic lasers for various applications.
Syneron Medical Ltd, Sciton Inc, Viora Inc and Alma Lasers LTD operate within the global laser hair removal market, competing for market dominance with companies like Cynosure LLC Lumenis LTD (XIO Group) and Cutera Inc. These firms focus on creating new products and forming partnerships to boost their competitive advantage and expanding into emerging markets to take advantage of untapped potential there.
The target market for laser hair removal is the hospitals
Laser hair removal is a painless procedure using an intense beam of light to permanently eliminate unwanted facial and body hair. Treatments are performed either at an aesthetic clinic or the patient’s home by licensed technicians; patients typically report reduced fine lines and wrinkles after laser treatments have taken effect; this procedure has become increasingly popular among men over time. Furthermore, in addition to eliminating unwanted hair growth, laser treatments can treat other cosmetic concerns like sun damage and hyperpigmentation as well.
The laser hair removal market can be broken down by type, gender and age group. By type alone, this market can be divided between alexandrite laser hair removal and diode laser hair removal; alexandrite and diode are expected to dominate by 2020 while ND: YAG laser is projected to become dominant by that point due to using Neodymium-doped yttrium aluminum garnet crystal to generate laser beam that targets melanin pigment in hair follicles for destruction; further increasing both effectiveness and safety compared with alexandrite and diode lasers.
Hospitals and clinics dominate the laser hair removal market as end-users, with these establishments offering medically supervised treatments using specialized equipment for patients of different skin types. Hospital demand for laser hair removal treatments has propelled its growth; further fueled by cutting edge laser systems combining different wavelengths at high pulse repetition rates.
North America leads the global laser hair removal market due to high demand for hair removal treatments and an abundance of dermatology clinics throughout this region. Furthermore, the increasing prevalence of skin diseases also fuels market expansion here. Furthermore, several major players in North America bolster its development such as Syneron Medical Ltd., Sciton Inc., Lynton Lasers Ltd. Alma Lasers LTD Cynosure INC and Lumenis LTD among many others.
The global laser hair removal market is expected to experience substantial growth over the forecast period, driven by rising concerns regarding facial hair development on lips, necks and chins as well as rising medical tourism activity in Asia Pacific driving demand for laser hair removal solutions.
