Laser Hair Removal Market Report and Forecast 2025-2034
Description
The global laser hair removal market size was valued at USD 1440.25 Million in 2024, driven by the rising demand and awareness for aesthetic services across the globe. The market is expected to grow at a CAGR of 16.40% during the forecast period of 2025-2034, with the values likely to attain USD 6576.09 Million by 2034.
Global Laser Hair Removal Market Overview
Approximately 40% of the female population experience unwanted hair, which may be normal, side effect of a medication, or an underlying pathological condition. Hence, laser-based hair removal has been experiencing significant growth in recent years. The market growth is driven by technical advancements, leading to the development of safe and efficient alternatives such as diode lasers, Alexandrite lasers, and Nd:YAG lasers. The awareness around the benefits of laser hair removal over conventional methods and rising accessibility to consumers are some of the significant market trends.
Integration of Artificial Intelligence and Robotics to Offer Precise Procedures
The medical landscape has been witnessing an increasing application of artificial intelligence and robotics aided procedures. This has positively impacted on the laser hair removal market growth as well. For instance, Dubai based Maria Medical Technology launched iLaser, a robot developed to automate laser hair removal process. It comes with a laser fit robotic arm and is controlled by an operator through a phone or a tablet. Enabled with 3D modelling cameras, it can detect patient’s skin type and has a thermal sensor that tracks the patients’ temperature throughout the hair removal session. The collaborative robot (also known as a cobot) is intended for human robot interaction and aims at offering more targeted, safe, efficient, and accurate laser treatments.
Rising Prevalence for Home-Use Devices
To facilitate easy hair removal, privacy and address the growing laser hair removal market demand, there has been a noticeable shift towards development and adoption of home-use laser hair removal devices. The market has been flooded with devices designed for specific body areas. Developed by Silk’n Beautiful Technology, Silk’n Jewel is a notable device that can remove unwanted hair from hard-to-access areas. Patented with HPL™ (Home Pulsed Light) technology and equipped with touch and glide technology and automatic light pulse system, the device can remove up to 92% of the hair.
Surge in FDA Approvals to Drive Increasing Laser Hair Removal Market Share
In March 2023, Shanghai based Omni Laser Skinology Co., Ltd. received FDA approval for their latest diode laser hair removal system. Ensuring user safety, the system is enabled with a 360 Monitor System that keeps the handpiece, water flow and temperature in check. The TEC condensator and sensor always maintains the temperature between 20-30 degrees. Moreover, it provides higher energy output than the competitors as well. The rising incidence of FDA approvals is a significant trend anticipated to boost the market growth in the upcoming years as well.
Global Laser Hair Removal Market Segmentation
Market Breakup by Laser Type
North America, particularly United States and Canada, are expected to lead the laser hair removal market share. Factors such as increasing levels of consumer awareness, disposable income, and a rising focus on aesthetic procedures are significant factors contributing to the market growth. In addition, a robust medical infrastructure that can accommodate several advanced and artificial intelligence-based solutions for improved user experience and safety is another key aspect.
The Asia Pacific region is another market poised to experience significant growth in the forecast period. The growth can be attributed to an evolving perception of beauty along with a cultural shift towards beauty and wellness, especially in emerging economies such as China, India, and South Korea. In March 2023, Kedaara Capital, a private equity firm from India acquired majority stake in Oliva Skin & Hair Clinic for USD 65 million. This strategic investment serves as a significant indicator of the escalating demand for aesthetic services, including laser hair removal, in the region.
Global Laser Hair Removal Market: Competitor Landscape
In February 2023, Milan Laser, a prominent United States based laser hair removal service provider received growth equity investment from Wildcat Capital Management and Sixth Street, a global investment firm. The investment is aimed at improved marketing, business development and accelerating clinical expansion. In July 2023, Blackstone Tactical Opportunities also made an investment in Lazeo, a pioneering laser hair removal service provider in France. To cater to the increasing demand for aesthetic treatments, the market has been witnessing a significant growth in collaborations and partnerships to tap into the emerging markets.
The key features of the laser hair removal market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Key Highlights of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Financial Analysis
Product Portfolio
Demographic Reach and Achievements
Mergers and Acquisitions
Certifications
Global Laser Hair Removal Market Overview
Approximately 40% of the female population experience unwanted hair, which may be normal, side effect of a medication, or an underlying pathological condition. Hence, laser-based hair removal has been experiencing significant growth in recent years. The market growth is driven by technical advancements, leading to the development of safe and efficient alternatives such as diode lasers, Alexandrite lasers, and Nd:YAG lasers. The awareness around the benefits of laser hair removal over conventional methods and rising accessibility to consumers are some of the significant market trends.
Integration of Artificial Intelligence and Robotics to Offer Precise Procedures
The medical landscape has been witnessing an increasing application of artificial intelligence and robotics aided procedures. This has positively impacted on the laser hair removal market growth as well. For instance, Dubai based Maria Medical Technology launched iLaser, a robot developed to automate laser hair removal process. It comes with a laser fit robotic arm and is controlled by an operator through a phone or a tablet. Enabled with 3D modelling cameras, it can detect patient’s skin type and has a thermal sensor that tracks the patients’ temperature throughout the hair removal session. The collaborative robot (also known as a cobot) is intended for human robot interaction and aims at offering more targeted, safe, efficient, and accurate laser treatments.
Rising Prevalence for Home-Use Devices
To facilitate easy hair removal, privacy and address the growing laser hair removal market demand, there has been a noticeable shift towards development and adoption of home-use laser hair removal devices. The market has been flooded with devices designed for specific body areas. Developed by Silk’n Beautiful Technology, Silk’n Jewel is a notable device that can remove unwanted hair from hard-to-access areas. Patented with HPL™ (Home Pulsed Light) technology and equipped with touch and glide technology and automatic light pulse system, the device can remove up to 92% of the hair.
Surge in FDA Approvals to Drive Increasing Laser Hair Removal Market Share
In March 2023, Shanghai based Omni Laser Skinology Co., Ltd. received FDA approval for their latest diode laser hair removal system. Ensuring user safety, the system is enabled with a 360 Monitor System that keeps the handpiece, water flow and temperature in check. The TEC condensator and sensor always maintains the temperature between 20-30 degrees. Moreover, it provides higher energy output than the competitors as well. The rising incidence of FDA approvals is a significant trend anticipated to boost the market growth in the upcoming years as well.
Global Laser Hair Removal Market Segmentation
Market Breakup by Laser Type
- Diode Laser
- Nd:YAG Laser
- Alexandrite laser
- Others
- Multiple Strand Wavelengths
- Specific Strand Wavelengths
- Male
- Female
- 13-29
- 30-54
- Above 55
- Beauty Clinics
- Dermatology Clinics
- Hospitals
- Home Use
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
North America, particularly United States and Canada, are expected to lead the laser hair removal market share. Factors such as increasing levels of consumer awareness, disposable income, and a rising focus on aesthetic procedures are significant factors contributing to the market growth. In addition, a robust medical infrastructure that can accommodate several advanced and artificial intelligence-based solutions for improved user experience and safety is another key aspect.
The Asia Pacific region is another market poised to experience significant growth in the forecast period. The growth can be attributed to an evolving perception of beauty along with a cultural shift towards beauty and wellness, especially in emerging economies such as China, India, and South Korea. In March 2023, Kedaara Capital, a private equity firm from India acquired majority stake in Oliva Skin & Hair Clinic for USD 65 million. This strategic investment serves as a significant indicator of the escalating demand for aesthetic services, including laser hair removal, in the region.
Global Laser Hair Removal Market: Competitor Landscape
In February 2023, Milan Laser, a prominent United States based laser hair removal service provider received growth equity investment from Wildcat Capital Management and Sixth Street, a global investment firm. The investment is aimed at improved marketing, business development and accelerating clinical expansion. In July 2023, Blackstone Tactical Opportunities also made an investment in Lazeo, a pioneering laser hair removal service provider in France. To cater to the increasing demand for aesthetic treatments, the market has been witnessing a significant growth in collaborations and partnerships to tap into the emerging markets.
The key features of the laser hair removal market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Cutera Inc.
- Lumenis Limited
- Koninklijke Philips N.V.,
- Venus Concept Inc.
- Alma Lasers (Sisram Medical)
- Cynosure Inc.
- Lutronic Corp.
- Fotona
- Lynton Lasers Ltd.
- Sinclair Pharma
- Candela Corporation
- Solta Medical (Bausch Health Companies Inc.)
- Sciton Inc.
Key Highlights of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
- Laser Type
- Wavelength
- Gender
- Age Group
- End User
- Region
- Diode Laser
- Nd:YAG Laser
- Alexandrite laser
- Others
- Multiple Strand Wavelengths
- Specific Strand Wavelengths
- Male
- Female
- 13-29
- 30-54
- Above 55
- Beauty Clinics
- Dermatology Clinics
- Hospitals
- Home Use
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Market Drivers and Constraints
- SWOT Analysis
- Porter’s Five Forces Model
- Key Demand Indicators
- Key Price Indicators
- Industry Events, Initiatives, and Trends
- Value Chain Analysis
- Market Structure
- Company Profiles
- Cutera Inc.
- Lumenis Limited
- Koninklijke Philips N.V.,
- Venus Concept Inc.
- Alma Lasers (Sisram Medical)
- Cynosure Inc.
- Lutronic Corp.
- Fotona
- Lynton Lasers Ltd.
- Sinclair Pharma
- Candela Corporation
- Solta Medical (Bausch Health Companies Inc.)
- Sciton Inc.
Table of Contents
350 Pages
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Global Laser Hair Removal Market Overview
- 3.1 Global Laser Hair Removal Market Historical Value (2018-2024)
- 3.2 Global Medical Laser Hair Removal Forecast Value (2025-2034)
- 4 Global Laser Hair Removal Market Landscape
- 4.1 Global Laser Hair Removal Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Global Laser Hair Removal Product Landscape
- 4.2.1 Analysis by Laser Type
- 4.2.2 Analysis by End User
- 4.2.3 Analysis by Level
- 5 Global Laser Hair Removal Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.3 Porter’s Five Forces Model
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Global Laser Hair Removal Market Segmentation (218-2034)
- 6.1 Global Laser Hair Removal Market (2018-2034) by Laser Type
- 6.1.1 Market Overview
- 6.1.2 Diode Laser
- 6.1.3 Nd:YAG Laser
- 6.1.4 Alexandrite laser
- 6.1.5 Others
- 6.2 Global Laser Hair Removal Market (2018-2034) by Wavelength
- 6.2.1 Market Overview
- 6.2.2 Multiple Strand Wavelengths
- 6.2.3 Specific Strand Wavelengths
- 6.3 Global Laser Hair Removal Market (2018-2034) by Gender
- 6.3.1 Market Overview
- 6.3.2 Male
- 6.3.3 Female
- 6.4 Global Laser Hair Removal Market (2018-2034) by Age Group
- 6.4.1 Market Overview
- 6.4.2 13-29
- 6.4.3 30-54
- 6.4.4 Above 55
- 6.5 Global Laser Hair Removal Market (2018-2034) by End User
- 6.5.1 Market Overview
- 6.5.2 Beauty Clinics
- 6.5.3 Dermatology Clinics
- 6.5.4 Hospitals
- 6.5.5 Home Use
- 6.6 Global Laser Hair Removal Market (2018-2034) by Region
- 6.6.1 Market Overview
- 6.6.2 North America
- 6.6.3 Europe
- 6.6.4 Asia Pacific
- 6.6.5 Latin America
- 6.6.6 Middle East and Africa
- 7 North America Laser Hair Removal Market (218-2034)
- 7.1 North America Laser Hair Removal Market (2018-2034) by Laser Type
- 7.1.1 Market Overview
- 7.1.2 Diode Laser
- 7.1.3 Nd:YAG Laser
- 7.1.4 Alexandrite laser
- 7.1.5 Others
- 7.2 North America Laser Hair Removal Market (2018-2034) by End User
- 7.2.1 Market Overview
- 7.2.2 Beauty Clinics
- 7.2.3 Dermatology Clinics
- 7.2.4 Hospitals
- 7.2.5 Home Use
- 7.3 North America Laser Hair Removal Market (2018-2034) by Country
- 7.3.1 United States of America
- 7.3.2 Canada
- 8 Europe Laser Hair Removal Market (218-2034)
- 8.1 Europe Laser Hair Removal Market (2018-2034) by Laser Type
- 8.1.1 Market Overview
- 8.1.2 Diode Laser
- 8.1.3 Nd:YAG Laser
- 8.1.4 Alexandrite laser
- 8.1.5 Others
- 8.2 Europe Laser Hair Removal Market (2018-2034) by End User
- 8.2.1 Market Overview
- 8.2.2 Beauty Clinics
- 8.2.3 Dermatology Clinics
- 8.2.4 Hospitals
- 8.2.5 Home Use
- 8.3 Europe Laser Hair Removal Market (2018-2034) by Country
- 8.3.1 United Kingdom
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Others
- 9 Asia Pacific Laser Hair Removal Market (218-2034)
- 9.1 Asia Pacific Laser Hair Removal Market (2018-2034) by Laser Type
- 9.1.1 Market Overview
- 9.1.2 Diode Laser
- 9.1.3 Nd:YAG Laser
- 9.1.4 Alexandrite laser
- 9.1.5 Others
- 9.2 Asia Pacific Laser Hair Removal Market (2018-2034) by End User
- 9.2.1 Market Overview
- 9.2.2 Beauty Clinics
- 9.2.3 Dermatology Clinics
- 9.2.4 Hospitals
- 9.2.5 Home Use
- 9.3 Asia Pacific Laser Hair Removal Market (2018-2034) by Country
- 9.3.1 China
- 9.3.2 Japan
- 9.3.3 India
- 9.3.4 ASEAN
- 9.3.5 Australia
- 9.3.6 Others
- 10 Latin America Laser Hair Removal Market (218-2034)
- 10.1 Latin America Laser Hair Removal Market (2018-2034) by Laser Type
- 10.1.1 Market Overview
- 10.1.2 Diode Laser
- 10.1.3 Nd:YAG Laser
- 10.1.4 Alexandrite laser
- 10.1.5 Others
- 10.2 Latin America Laser Hair Removal Market (2018-2034) by End User
- 10.2.1 Market Overview
- 10.2.2 Beauty Clinics
- 10.2.3 Dermatology Clinics
- 10.2.4 Hospitals
- 10.2.5 Home Use
- 10.3 Latin America Laser Hair Removal Market (2018-2034) by Country
- 10.3.1 Brazil
- 10.3.2 Argentina
- 10.3.3 Mexico
- 10.3.4 Others
- 11 Middle East and Africa Laser Hair Removal Market (218-2034)
- 11.1 Middle East and Africa Laser Hair Removal Market (2018-2034) by Laser Type
- 11.1.1 Market Overview
- 11.1.2 Diode Laser
- 11.1.3 Nd:YAG Laser
- 11.1.4 Alexandrite laser
- 11.1.5 Others
- 11.2 Middle East and Africa Laser Hair Removal Market (2018-2034) by End User
- 11.2.1 Market Overview
- 11.2.2 Beauty Clinics
- 11.2.3 Dermatology Clinics
- 11.2.4 Hospitals
- 11.2.5 Home Use
- 11.3 Middle East and Africa Laser Hair Removal Market (2018-2034) by Country
- 11.3.1 Saudi Arabia
- 11.3.2 United Arab Emirates
- 11.3.3 Nigeria
- 11.3.4 South Africa
- 11.3.5 Others
- 12 Patent Analysis
- 12.1 Analysis by Type of Patent
- 12.2 Analysis by Publication year
- 12.3 Analysis by Issuing Authority
- 12.4 Analysis by Patent Age
- 12.5 Analysis by CPC Analysis
- 12.6 Analysis by Patent Valuation
- 12.7 Analysis by Key Players
- 13 Grants Analysis
- 13.1 Analysis by year
- 13.2 Analysis by Amount Awarded
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Grant Application
- 13.5 Analysis by Funding Institute
- 13.6 Analysis by Departments
- 13.7 Analysis by Recipient Organization
- 14 Funding and Investment Analysis
- 14.1 Analysis by Funding Instances
- 14.2 Analysis by Type of Funding
- 14.3 Analysis by Funding Amount
- 14.4 Analysis by Leading Players
- 14.5 Analysis by Leading Investors
- 14.6 Analysis by Geography
- 15 Partnership and Collaborations Analysis
- 15.1 Analysis by Partnership Instances
- 15.2 Analysis by Type of Partnership
- 15.3 Analysis by Leading Players
- 15.4 Analysis by Geography
- 16 Regulatory Framework
- 17 Supplier Landscape
- 17.1 Cutera Inc.
- 17.1.1 Financial Analysis
- 17.1.2 Product Portfolio
- 17.1.3 Demographic Reach and Achievements
- 17.1.4 Mergers and Acquisitions
- 17.1.5 Certifications
- 17.2 Lumenis Limited
- 17.2.1 Financial Analysis
- 17.2.2 Product Portfolio
- 17.2.3 Demographic Reach and Achievements
- 17.2.4 Mergers and Acquisitions
- 17.2.5 Certifications
- 17.3 Koninklijke Philips N.V.,
- 17.3.1 Financial Analysis
- 17.3.2 Product Portfolio
- 17.3.3 Demographic Reach and Achievements
- 17.3.4 Mergers and Acquisitions
- 17.3.5 Certifications
- 17.4 Venus Concept Inc.
- 17.4.1 Financial Analysis
- 17.4.2 Product Portfolio
- 17.4.3 Demographic Reach and Achievements
- 17.4.4 Mergers and Acquisitions
- 17.4.5 Certifications
- 17.5 Alma Lasers (Sisram Medical)
- 17.5.1 Financial Analysis
- 17.5.2 Product Portfolio
- 17.5.3 Demographic Reach and Achievements
- 17.5.4 Mergers and Acquisitions
- 17.5.5 Certifications
- 17.6 Cynosure Inc.
- 17.6.1 Financial Analysis
- 17.6.2 Product Portfolio
- 17.6.3 Demographic Reach and Achievements
- 17.6.4 Mergers and Acquisitions
- 17.6.5 Certifications
- 17.7 Lutronic Corp.
- 17.7.1 Financial Analysis
- 17.7.2 Product Portfolio
- 17.7.3 Demographic Reach and Achievements
- 17.7.4 Mergers and Acquisitions
- 17.7.5 Certifications
- 17.8 Fotona
- 17.8.1 Financial Analysis
- 17.8.2 Product Portfolio
- 17.8.3 Demographic Reach and Achievements
- 17.8.4 Mergers and Acquisitions
- 17.8.5 Certifications
- 17.9 Lynton Lasers Ltd.
- 17.9.1 Financial Analysis
- 17.9.2 Product Portfolio
- 17.9.3 Demographic Reach and Achievements
- 17.9.4 Mergers and Acquisitions
- 17.9.5 Certifications
- 17.10 Sinclair Pharma
- 17.10.1 Financial Analysis
- 17.10.2 Product Portfolio
- 17.10.3 Demographic Reach and Achievements
- 17.10.4 Mergers and Acquisitions
- 17.10.5 Certifications
- 17.11 Candela Corporation
- 17.11.1 Financial Analysis
- 17.11.2 Product Portfolio
- 17.11.3 Demographic Reach and Achievements
- 17.11.4 Mergers and Acquisitions
- 17.11.5 Certifications
- 17.12 Solta Medical (Bausch Health Companies Inc.)
- 17.12.1 Financial Analysis
- 17.12.2 Product Portfolio
- 17.12.3 Demographic Reach and Achievements
- 17.12.4 Mergers and Acquisitions
- 17.12.5 Certifications
- 17.13 Sciton Inc.
- 17.13.1 Financial Analysis
- 17.13.2 Product Portfolio
- 17.13.3 Demographic Reach and Achievements
- 17.13.4 Mergers and Acquisitions
- 17.13.5 Certifications
- 18 Global Laser Hair Removal Market - Distribution Model (Additional Insight)
- 18.1 Overview
- 18.2 Potential Distributors
- 18.3 Key Parameters for Distribution Partner Assessment
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Payment Methods (Additional Insight)
- 21.1 Government Funded
- 21.2 Private Insurance
- 21.3 Out-of-Pocket
Pricing
Currency Rates
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