Laser Hair Removal Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Gender, by Age group, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

Laser Hair Removal Market Research, 2031

Laser hair removal is a cosmetic procedure that uses concentrated beams of light, or lasers, to target and destroy hair follicles, preventing future hair growth. The laser emits light absorbed by the pigment (melanin) in the hair, which converts to heat and damages the follicle. This process inhibits future growth without damaging surrounding skin. While laser hair removal is not permanent, it can lead to long-lasting hair reduction, requiring multiple sessions for optimal results. The effectiveness of the procedure can vary based on skin type, hair color, and the area being treated. Advances in technology have made the treatment suitable for a broader range of skin tones and hair types.

Market Value Projections and Insights

• The global laser hair removal market size was valued at $583.99 million in 2021, and is projected to reach $2.51 billion by 2031, growing at a CAGR of 15.7% from 2022 to 2031.
• The Asia-Pacific laser hair removal industry is significantly impacted by the Expanding Middle-Class Population, rise in disposable income and Growing Awareness and Adoption.
• Alexandrite laser hair removal dominated the laser hair removal market share owing to its increasing adoption and high effectivity.
• 30 to 54 age group segment dominated the laser hair removal market in 2021.

The major factors driving the growth of laser hair removal market are Increasing awareness of aesthetic procedures and the rising demand for non-invasive cosmetic treatments. Rising disposable income and the expansion of the middle class, especially in emerging economies, have made these treatments more accessible. Additionally, a growing focus on personal grooming and appearance, often fueled by social media and beauty trends, has significantly boosted the laser hair removal market demand for long-lasting hair removal solutions. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), in 2020, 1,837,052 hair removal procedures were performed worldwide.

Technological advancements in laser devices have improved safety, efficacy, and versatility, making treatments suitable for a broader range of skin tones and hair types. This has expanded the target market, attracting more clients. Moreover, the growing availability of beauty clinics, dermatology centers, and medical spas has made laser hair removal treatments more convenient, further driving laser hair removal market growth. Moreover, the increasing preference for cost-effective, long-term alternatives to traditional hair removal methods like waxing or shaving is a crucial factor encouraging more consumers to opt for laser hair removal. These factors, combined with a shift towards self-care and aesthetic enhancement, are expected to continue propelling the market forward.

Industry Highlights

• Despite its continued success, the laser hair removal market faces competition from other forms of hair removal techniques
• The Laser Hair Removal industry experienced a surge, owing to growing focus on physical appearance.
• Technological advancements in laser devices, including the development of more efficient and less painful machines has contributed in its growing adoption.
• Increased number of beauty centers and dermatological clinics has significantly contributed in growth of the laser hair removal market.

From a cosmetic perspective, laser hair removal holds significant importance as it offers a long-lasting and efficient solution for reducing unwanted hair, enhancing overall appearance and grooming. It provides a more precise and effective alternative to traditional methods like shaving, waxing, or plucking, which are often time-consuming and need frequent repetition. Laser hair removal is also highly versatile, allowing treatment across various body areas, making it an attractive option for individuals seeking smoother skin and improved aesthetics. Several factors drive the adoption of laser hair removal techniques. The increasing preference for non-invasive cosmetic treatments, along with technological advancements that have made the procedure safer and more effective, are key contributors to its growing popularity.

Key Areas Covered in the Report

• The laser hair removal market is highly competitive, with numerous established players and new entrants offering a range of devices across different price points. Competitive strategies like product differentiation, aggressive marketing, and customer-centric innovations are reshaping the market landscape.
• Consumer preferences are evolving, driven by the increasing demand for non-invasive cosmetic procedures. Factors such as convenience, effectiveness, and long-term cost savings influence the rising adoption of laser hair removal technologies across different age groups and demographics.
• The value chain faces challenges related to high equipment costs, stringent regulatory requirements, and concerns over side effects like skin irritation. These pain points affect both manufacturers and service providers, creating barriers for smaller companies entering the market.
• Key market players are focusing on collaborations, mergers, and acquisitions to expand their product portfolios and geographical reach. Strategic alliances with clinics, dermatologists, and medical professionals are pivotal for sustaining laser hair removal market growth and enhancing consumer trust in the technology.

The rising influence of social media has significantly impacted the laser hair removal market by increasing awareness, driving demand, and shaping consumer preferences. Platforms like Instagram, TikTok, and YouTube have become powerful tools for beauty influencers, dermatologists, and clinics to promote laser hair removal treatments through tutorials, testimonials, and real-life results. The visual nature of these platforms allows potential customers to see before-and-after transformations, making the procedures more appealing and accessible. Moreover, social media has fostered a culture focused on personal grooming and aesthetics, with smooth, hair-free skin becoming a popular beauty standard. This has led to increased interest in long-term hair removal solutions, pushing consumers towards professional laser treatments.

Topics discussed in the report

• Wide range of products such as alexandrite laser hair removal, diode laser hair removal and others
• Restraining factors such as availability of alternative treatment for hair removal and side effects such as skin irritation
• Rising impact of social media on beauty standards
• Growing numbers of beauty centers and dermatological clinics

Segment Overview

The laser hair removal market is segmented into type, gender, age group and service provider. On the basis of type, the market is segmented into alexandrite laser hair removal, diode laser hair removal and others. Others include ruby laser hair removal, and Nd:YAG system. By gender, the market is bifurcated into male and female segment. On the basis of age group, the market is divided into 13 to 29, 30 to 54, and 55 to 69. On the basis of service provider, the market is segmented into hospitals, clinic and others. Others segment includes beauty salon and at home. Region wise, the laser hair removal market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The alexandrite laser hair removal segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in use of alexandrite laser hair removal technology in clinics.  Furthermore, The female segment dominated the laser hair removal market in 2021, and is expected to continue this trend during the forecast period, owing to increase in demand for aesthetic procedures, rapidly growing emphasis on personal aesthetics among females, and increase in number of female populations conducting laser hair removal procedure. Based on age group, The 30 to 54 segments dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in demand for permanent hair removal and rise in awareness among young population to enhance physical appearance. Furthermore, the hospitals segment dominated the laser hair removal market in 2021, and is expected to continue this trend during the forecast period, owing to increase in number of laser hair removal procedure in hospital and rise in number of hospitals to conduct various non-surgical procedures.

Comparative Matrix of Key Segments

Regional Dynamics and Competition

North America has emerged as a major revenue generator in the laser hair removal market due to its advanced healthcare infrastructure, high disposable income, and strong consumer awareness regarding cosmetic procedures. The region benefits from widespread adoption of cutting-edge technologies, a well-established network of dermatology clinics, and high demand for aesthetic treatments among affluent individuals. However, Asia Pacific is expected to register the highest CAGR during the forecast period, driven by rapid urbanization, increasing disposable incomes, and growing awareness of cosmetic procedures. The expanding middle class in countries like China and India is fueling demand for aesthetic treatments, including laser hair removal. Additionally, the proliferation of beauty clinics and advancements in laser technology in the region contribute to this growth. As more people in Asia Pacific seek non-invasive cosmetic solutions, the laser hair removal market is poised for significant expansion.

Some of the major players analyzed in this report are Almas Laser, Candela Corporation, Cutera, Cynosure, Hairline International Hair & Skin Clinic, La Mer Medical Spa & Yoga, Lira Style, Lumenis, LUTRONIC, Lynton Laser, Pure Luxe Medical, Regeneveda, Sciton, Inc., SEV Laser, SkinMD, Solta Medica (Bausch Health Companies Inc.), and Venus Concept

Laser Hair Removal Market News Release

• In June 2020, Venus Concept Inc.’s Venus Epileve, a product meant for laser hair reduction, received FDA approval. This has created a high demand for laser-based hair removal technologies.
• In January 2020, Motus AY launched the world’s most advanced laser hair removal platform. The platform uses a high-speed Alexandrite laser that benefits the dark and light skin tones
• Sciton launched BAREit, an ultra-fast hair removal technology on the BARE HR platform
• Lira Style unveiled a laser-powered hair removal medical device, Cervello. The device offers hair removal treatment for all skin types with a combination of Alexandrite, diode, and Nd: YAG.
• Aldi Australia launched a DIY laser-based hair removal gadget during the COVID-19 pandemic to provide continuation in hair removal treatment for patients.
• Lumenis Ltd announced the launch of LightSheer Quattro, a diode-based laser hair elimination device.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the laser hair removal market segments, current trends, estimations, and dynamics of the Laser Hair Removal market analysis from 2022 to 2032 to identify the prevailing market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the Laser Hair Removal market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the laser hair removal market players.
• The report includes the analysis of the regional as well as global Laser Hair Removal market trends, key players, market segments, application areas, and laser hair removal market growth strategies.

  Laser Hair Removal Market Report Highlights

Aspects	Details
By Type	Alexandrite laser hair removal Diode laser hair removal Others
By Gender	Male Female
By Age group	13 to 29 30 to 54 55 to 69
By End User	Hospitals Clinic Others
By Region	North America  (U.S., Canada, Mexico) Europe  (Germany, France, United Kingdom, Italy, Spain, Rest of Europe) Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific) LAMEA  (Brazil, Saudi Arabia, Colombia, Rest of LAMEA)
Key Market Players	Sciton, Inc, Lynton Laser, candela corporation, Pure Luxe Medical, Solta Medical, Regeneveda, SkinMD, Cutera, Almas Laser, Hairline International Hair and Skin Clinic, Lira Style, Lumenis, Venus Concept, cynosure inc, LUTRONIC, SEV Laser, La Mer Medical Spa and Yoga

Analyst Review

Laser hair removal is non-invasive aesthetic procedures that are performed to remove unwanted hair. There are different types of laser hair removal treatment such as alexandrite laser hair removal, diode laser hair removal, ruby laser hair removal, and Nd:YAG system. The laser hair removal market is expected to grow during the forecast period owing to rise in awareness regarding effectiveness of laser hair removal procedure among the population, technological advancement and increase in the product launch by different key players boosts the laser hair removal  market. For instance, in January 2022, Lumenis Ltd. the world’s largest energy-based medical device company for aesthetic applications, announced the launch of Splendor X device in the UK market. This device is used for hair removal, vascular treatments, pigmented lesions and the treatment of wrinkles. Moreover, increase in the adoption of key strategy such as collaboration among key players drives the market growth. For instance, in January 2021, Candela Syneron, a healthcare company announced the collaboration with Merz Aesthetics, world’s largest medical aesthetic company, to provide broadest medical aesthetic portfolio which can also boost the market growth.

Author Name(s) : Linu Dash | Roshan Deshmukh

Related Tags

• Aesthetics
• Dermatology
• Scar Treatment