Our latest research report titled “Laser Hair Removal Market Forecast to 2030 – Global Analysis – by Laser Type, Product Type, and End User” indicates that the laser hair removal market is projected to expand from US$ 539.44 million in 2022 to US$ 1,465.70 million by 2030, reflecting a compound annual growth rate (CAGR) of 13.31% during the period from 2022 to 2030.
The market's expansion is primarily driven by the rising demand for hair removal procedures and the integration of various treatment modalities.
Laser hair removal is a non-invasive technique aimed at removing unwanted hair from different body areas. Commonly treated regions include the face, underarms, bikini line, back, and legs. This method, known as selective photo-thermolysis, utilizes laser technology to target and heat pigmented cells, particularly in dark hair, effectively destroying hair follicles and inhibiting future hair growth. Since hair follicles exist in various growth phases, multiple sessions are typically necessary for optimal results.
Innovations in laser hair removal technologies are emerging as key trends within the market.
Manufacturers are increasingly prioritizing product advancements to stay competitive. For instance, in October 2022, Sensus Healthcare, Inc. unveiled the portable Silk by Sensus hair removal system at the Fall Clinical Dermatology Conference. This system features a portable diode laser with 2000W power, a lightweight handpiece, high repetition rates, and a super-cold cooling tip. It combines wavelengths and directs light vertically onto the skin, allowing for deeper penetration and more uniform energy distribution, which enhances treatment efficiency.
In April 2021, Medical U&A, a subsidiary of Osaka-Gunze Limited, received regulatory approval to manufacture and market the long-term hair reduction diode laser known as MeDioStarMonolith in Japan, launching it the same month.
Additionally, in June 2020, Cynosure introduced the Elite iQ platform, an advanced version of the Elite+ Aesthetic Workstation, designed to provide tailored laser hair removal treatments based on individual skin types, effectively reducing unwanted hair across various body areas, including the face, chest, back, arms, bikini area, underarms, and legs.
These strategic initiatives reflect the ongoing trends among market players aiming to secure a strong foothold in the laser hair removal sector.
Market Opportunities
The increasing acceptance of laser hair removal among men is presenting new growth opportunities for the market.
Laser hair removal is swiftly becoming a popular choice in contemporary cosmetic dermatology. The evolving standards of beauty and aesthetics are influencing both men and women. Men are increasingly exploring laser treatments to eliminate excessive hair, particularly on the face, neck, back, and chest. They appreciate the diode laser's effectiveness in removing coarse hair from larger body areas. Traditional hair removal methods can be painful, time-consuming, and yield only temporary results lasting a few days to weeks. Consequently, men are also seeking long-lasting solutions for body hair removal. Laser treatments provide an excellent option for removing hair from challenging areas like the back, shoulders, and buttocks, ensuring a smooth and attractive appearance. This treatment is particularly appealing to urban men who prefer a tidy and hygienic look, serving as a superior alternative to conventional hair removal methods that can be cumbersome and messy. Mankini laser hair removal has emerged as the male counterpart to full Brazilian laser hair removal, reflecting the growing trend of manscaping among men.
The “Global Laser Hair Removal Market” is categorized based on laser type, product type, end user, and geographical region. In terms of laser type, the market is divided into Alexandrite Laser, Diode Laser, Nd:YAG Laser, and others. The diode laser, a semiconductor laser, emits a coherent light projection in the visible infrared spectrum. It utilizes a narrow-spectrum light beam to target specific chromophores in the skin. Compared to Ruby and Alexandrite laser systems, the 800nm diode laser wavelength offers deeper penetration and superior melanin absorption, making diode lasers the preferred technology for laser hair removal, suitable for all skin and hair types across various body areas.
Insights Based on End Users
From an end-user perspective, the laser hair removal market is segmented into beauty clinics, dermatology clinics, hospitals, and home-use options. The beauty clinics segment dominated the market in 2022 and is expected to exhibit the highest CAGR from 2022 to 2030. Laser hair removal conducted by qualified medical professionals has become a favored, safe, and effective method for permanently eliminating unwanted hair. The American Academy of Dermatology warns that procedures performed by untrained individuals can lead to burns, permanent skin discoloration, and scarring. Therefore, skilled professionals in dermatology clinics, who possess extensive knowledge of skin and laser technology, play a crucial role in minimizing these risks and ensuring effective treatments. As patients seek specialized dermatological services, many opt for dedicated dermatology clinics for efficient hair removal solutions. Notable certified clinics worldwide include Tulsa Dermatology Clinic,
Australian Skin Clinic, and Olivia Hair and Skin Clinic.
A beauty clinic is a healthcare facility that primarily provides outpatient services. These clinics offer a range of aesthetic treatments, including laser hair removal, Botox, fillers, skin rejuvenation therapies, and chemical peels. Cosmetic procedures significantly enhance the confidence and self-image of individuals seeking these services, which will continue to drive the demand for hair reduction and removal treatments. Trained therapists in aesthetic clinics provide a comprehensive array of services in a safe and clean environment designed to prevent infections during and after procedures. Beauty clinics are equipped with high-quality machines and facilities that facilitate safe and efficient treatments. Consequently, the increasing number of laser hair removal procedures performed in aesthetic clinics such as Dermoperfection Medical Skin and Cosmetic Clinic and Alfa Laser Centre is contributing positively to the global laser hair removal market.