Laser Hair Removal Market Size, Share & Trends Analysis Report By Laser Type (Diode, Nd:YAG, Alexandrite), By End-use (Beauty Clinics, Dermatology Clinics, Home Use), By Region, And Segment Forecasts, 2023 - 2030

Laser Hair Removal Market Size, Share & Trends Analysis Report By Laser Type (Diode, Nd:YAG, Alexandrite), By End-use (Beauty Clinics, Dermatology Clinics, Home Use), By Region, And Segment Forecasts, 2023 - 2030

Laser Hair Removal Market Growth & Trends

The global laser hair removal market size is expected to reach USD 4.13 billion by 2030, expanding at a CAGR of 19.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for non-invasive hair removal procedures is expected to drive the market growth. Technological advancements, such as the introduction of ultra-technology, are also projected to boost market growth.

The ultra-technology is more secure than earlier techniques and the prevalence of side effects, such as burning sensations and temporary rashes on the skin, can be easily healed with topical applications. Asia Pacific is anticipated to register the fastest CAGR during the forecast period owing to the high prevalence of skin disorders in the emerging economies and the rise in disposable income of consumers. Moreover, growing e-commerce penetration is driving the market due to the easy availability of advanced products.

The Covid-19 pandemic has created several challenges for the aesthetics industry. Initially, most of the clinics had halted their services with only emergency procedures to be performed. This has impacted the market growth. However, recently, due to ease of lockdown restrictions, services have resumed in a staggered manner with strict measures to be followed. This will boost market growth.

Laser Hair Removal Market Report Highlights

• Nd: YAG laser segment is expected to grow at a CAGR of 20.1% over the forecast period owing to the high efficiency of these products on all skin types, including tanned skin, and faster repetition rates
• The beauty clinic end-use segment is expected to lead the global market, in terms of revenue share as well as growth rate, during the forecast period owing to an increase in demand for advanced aesthetic devices for hair removal
• North America was the dominant regional market in 2022 and is expected to expand further at a steady CAGR, owing to a huge market of dermatology clinics and the adoption of innovative devices

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