About Laser Hair Removal Device
The laser hair removal device is a medical procedure which uses a concentrated beam of light to remove unwanted hair. Body hairs are removed for several reasons, namely sports, military, medical reasons, fashion, cultural practices, and others. There are various benefits of using laser hair removal devices such as painless treatment, rapid hair reduction, and others. It is widely used in dermatology and beauty clinics. Increasing awareness about advanced equipment and the availability of affordable laser hair removal devices are some of the major drivers which are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 19.1% |
The laser hair removal device market is expected to continue to grow in the coming years, driven by increasing demand and technological advancements. Players in the market will need to focus on innovation, strategic partnerships, and effective marketing to stay ahead of the competition. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Laser Hair Removal Device market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tria Beauty (United States), Remington (United States), Iluminage Beauty (United States), Silk’n (Canada), Veet (United States), Koninklijke Philips N.V. (Netherlands), Energist Group (Glamorganshire), Ellipse Multiflex (United Kingdom), Elite Products International, Inc. (United States), Polaris Industries (United States) and Puzhong Chemical (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Weifang Sunshine Electronics Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Laser Hair Removal Device market by Type (IPL Hair Removal, Ruby Hair Removal Laser, Diode Hair Removal Laser and Others), Application (Cosmetology, Household, Salon, Clinic and Others) and Region.
On the basis of geography, the market of Laser Hair Removal Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Laser Type, the sub-segment i.e. Yag Laser will boost the Laser Hair Removal Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technologically Advanced in Laser Device Products
Market Growth Drivers:
Growth in the Number of Hair Reduction Procedures in Worldwide, Increasing Beauty Consciousness among Consumers Globally and Rise In Disposable Income and the Rising Advancements in the Hair Removal Devices
Challenges:
High Prices of Laser Hair Device Products
Restraints:
Safety Regulations for the Usage of Laser Hair Removal Device
Opportunities:
Rising Demand from Emerging Economics Such as India, China and Others and Increasingly Adopting the Hair Removal Devices
Market Leaders and their expansionary development strategies
In June 2023, Cynosure collaborates with Lutronic on new diode laser technology. This joint development agreement focused on creating a new, more powerful diode laser technology for various applications, including laser hair removal. This collaboration aimed to bring a more advanced and efficient laser hair removal solution to the market.
In September 2023, Alma Lasers unveils Soprano ICE Platinum laser hair removal system this system offered faster treatment speeds and improved patient comfort through advanced cooling technology.
Key Target Audience
Manufacturers of Laser Hair Removal Device, Suppliers of Laser Hair Removal Device, Wholesalers, Distributors and Retailers of Laser Hair Removal Device, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.