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Laser Hair Removal Market Growth Factors, Technological Advancement and Trends by CANDELA CORPORATION; Alma Lasers; Shanghai Fosun Pharmaceutical(Group)Co., Ltd.; LUTRONIC; Sciton & Others

Global laser hair removal market is expected to register a healthy CAGR of 16.13% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing awareness and preference amongst individuals globally to maintain an enhanced level of aesthetic appearance.

The laser hair removal report includes a range of inhibitors as well as driving forces of the market which are analysed in both qualitative and quantitative approach so that readers and users get precise information and insights about medical device industry. Statistical data mentioned in the report is symbolized with the help of graphs which simplifies the understanding of facts and figures. The laser hair removal report helps define commerce strategies to the businesses of small, medium as well as large size. The analysis and estimations conducted via this report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.

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Few of the major competitors currently working in the global laser hair removal market are Solta Medical; Cynosure LLC; Lumenis; Venus Concept; CANDELA CORPORATION; Alma Lasers; Shanghai Fosun Pharmaceutical(Group)Co., Ltd.; LUTRONIC; Sciton, Inc.; Cutera; El.En. S.p.A.; Lynton Lasers and SharpLight Technologies Inc among others.

Key Developments in the Market:

  • In January 2019, Alma Lasers announced the launch of their new hair removal platform. “Soprano Titanium” which offers the major benefits required in any laser hair removal procedure, including ‘speed’, ‘efficacy’ and ‘comfort’. The various features offered with the platform enable two sequential applications simplification and shortening of hair
  • In October 2018, Lumenis announced the launch of “SPLENDOR X”, designed with unique “BLEND X” technology for highly efficient and effective hair removal procedures and other skin solutions. The solid state laser system was exhibited at the “2018 American Society of Dermatological Surgery – ASDS” held in Phoenix, Arizona, United States from October 11-14th, 2018. This new addition to their hair removal product offerings will help the users to customize according to their own requirements and needs for all kinds of skin and hair type

Competitive Analysis:

Global laser hair removal market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of laser hair removal market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Market Drivers

  • Various technological innovations and advancements in the market resulting in better range of products and services relating to aesthetic lasersis expected to boost the growth of the market
  • Growth of non-invasive hair removal services and procedures also fuels the market growth
  • Increased levels of disposable income of individuals is expected to drive the growth of the market
  • Growing rate of demand for home-based laser hair removal devices is also expected to drive the growth of the market

Market Restraints

  • High costs associated with these devices resulting in higher overall cost of the procedures is expected to restrict the growth of the market
  • Availability of alternative enhanced beauty treatment solutions is expected to restrict the growth of the market
  • Vulnerable nature of supply of materials for laser treatments is expected to restrict the growth of the market

Segmentation: Global Laser Hair Removal Market

By Laser Type

  • Diode Laser
  • Nd:YAG Laser
  • Alexandrite Laser

By Type

  • Multiple Standard Wavelengths
  • Specific Standard Wavelengths

By End-Use

  • Beauty Clinics
  • Dermatology Clinics
  • Hospitals
  • Home Use

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

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