According to IMARC Group’s latest report, titled “Laser Hair Removal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global laser hair removal market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 18% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Laser hair removal refers to a non-invasive medical procedure that removes unwanted hair without affecting the surrounding skin. This procedure involves a laser light that is targeted at a specific area to delay the regrowth of hair. Some of the common areas where this technique is applied include the knees, chin, armpits, upper lip, and sideburns. Since it is quick, easy and less painful as compared to conventional hair removal techniques, laser hair removal is increasingly gaining preference across the globe as a time-effective and hygienic solution.
Market Trends and Drivers:
The global laser hair removal market is primarily being driven by the increasing consciousness regarding personal appearance among individuals. In line with this, rising awareness regarding advanced dermatology treatments, including laser hair removal, is contributing to the market growth. The market is also driven by the introduction of personalized treatment plans offered by proliferating clinics at affordable prices and the availability of laser devices that can be used at home without any professional help. Other factors, such as the increasing consumer expenditure on grooming services and celebrity endorsements, are creating a positive outlook for the market further.
Laser Hair Removal Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the laser hair removal market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Alma Lasers Ltd. (Sisram Medical Ltd)
- Cutera Inc.
- Cynosure LLC
- Lumenis Ltd.
- LUTRONIC Corporation
- Lynton Lasers Ltd.
- Sciton Inc.
- SharpLight Technologies Ltd.
- Solta Medical Inc. (Bausch Health Companies Inc.)
- Syneron Medical Ltd.
- Venus Concept Ltd.
Key Market Segmentation:
The report has segmented the global laser hair removal market on the basis of laser type, end use and region.
Breakup by Laser Type:
- Diode
- Alexandrite
- Nd:YAG
- Others
Breakup by End Use:
- Beauty Clinics
- Dermatology Clinics
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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