Laser Hair Removal Market2021 Size & Share | Market worth USD 1,378.4 billion with 15.2% CAGR by 2027

The global “Laser Hair Removal Market” is projected to reach USD 1,378.4 million by 2027, exhibiting a CAGR of 15.2% during the forecast period. Wide availability of advanced hair removal technologies will be one of the top growth drivers for this market, states Fortune Business Insights™ in its report, titled “Laser Hair Removal Market Size, Share & COVID-19 Impact Analysis, By Product (Diode, Alexandrite, Nd: YAG, and Others), By End User (Hospitals, Medical Spas & Specialty Clinics, and Others), and Regional Forecast, 2020-2027”.

Laser hair removal treatments are gaining popularity owing to their proven efficacy in preventing hair growth. To capture this trend, many companies have developed a portfolio of novel hair removal systems based on laser technology. For instance, Nordlys, a hair removal machine by Ellipse uses both laser (Frax 1550 and Nd: YAG 1064) and Selective Waveband Technology to perform hair removal procedures. Similarly, the Thunder MT system from Advanced Esthetics Solutions integrates Nd: YAG and Alexandrite lasers, enabling the machine to perform a wide range of hair treatments. Thus, rising availability of such innovative hair technologies will brighten the prospects for this.

Major Laser Hair Removal Market Key players covered in the report include:

• CANDELA CORPORATION (Massachusetts, U.S)
• Lynton Lasers Ltd (U.K.)
• Alma Lasers (Israel)
• Fotona (Texas, U.S)
• Venus Concept (Toronto, Canada)
• Venn Healthcare (U.K.)
• Sciton, Inc. (California, U.S)
• Lumenis Ltd. (Israel)
• Cynosure (Massachusetts, U.S)
• Cutera (California, U.S)

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Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.

Laser Hair Removal Market Analysis 2021:

Regional Insights

Rising Purchasing Power in India and China to Fuel the Market in Asia Pacific

Asia Pacific, where the market size stood at USD 209.7 million in 2019, is expected to dominate the laser hair removal market growth during the forecast period owing to rising disposable income and purchasing power in the rapidly developing economies of India and China. Increasing accessibility of advanced hair removal treatments is another factor that is anticipated to propel the market in this region.

In North America, the market will be primarily driven by the enthusiastic adoption of modern aesthetic technologies in the region. This has been made possible by the high spending ability of the people in the region along with a strong presence of specialized hair treatment clinics in the region. On the other hand, Europe is expected to maintain a prominent position in the market as reimbursement policies for non-essential procedures are extremely strong in the region.

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