Laser Hair Remover Market Report 2024 (Global Edition)

Global Laser Hair Remover Market Report 2024 Market Size Split by Type (Alexandrite laser hair removal, Diode laser hair removal, Others), by Gender (Male, Female), by Age Group (13 to 29, 30 to 54, 5...

Laser Hair Remover Market Report Description

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Competitive Landscape of the Laser Hair Remover Market

The competitive landscape of the Laser hair remover market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Laser hair remover companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

Top Companies Market Share in Laser Hair Remover Industry: (In no particular order of Rank)

• Cutera (U.S)
• Venus Concept (Canada)
• CYNOSURE (U.S.)
• Fotona (U.S.)
• Lumenis Ltd. (lsrael)
• Alma Lasers (Ilsrael)
• Sciton
• Inc. (California
• U.S.)
• Lynton Lasers Ltd (U.K.)
• Venn Healthcare (U.K.)
• CANDELA CORPORATION (U.S.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Laser Hair Remover Market

Which Region Dominates the Laser Hair Remover Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue because of Stringent safety regulations, growing urbanization, and the need for advanced emergency communication systems fuel the market in this region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Laser hair remover market due to several compelling reasons. 1. Continuous innovation in laser technology has significantly enhanced the efficacy and safety of hair removal devices. Advancements such as diode lasers, IPL (Intense Pulsed Light), and Alexandrite lasers offer better precision, reduced pain, and quicker treatment times. Consumers are drawn to devices that promise effective results with minimal discomfort is driving the demand for Laser hair removers.

The current report Scope analyzes Laser Hair Remover Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Laser Hair Remover

According to Cognitive Market Research, the global Laser hair remover market size was estimated at USD 989.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 395.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Laser hair remover market with a market size of USD 312.29 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period. Social media platforms serve as influential channels for promoting aesthetic treatments, including laser hair removal. Celebrities and influencers often endorse these procedures, normalizing their usage and driving consumer interest. The aspirational lifestyle portrayed on social media platforms motivates individuals to invest in laser hair removal for confidence and self-expression.
• The Canada Laser hair remover market had a market share of USD 47.50 million in 2024 and is projected to grow at a CAGR of 18.2% during the forecast period. Rising disposable incomes in North America have made aesthetic treatments more accessible to a broader demographic.
• The Mexico Laser hair remover market is projected to witness growth at a CAGR of 17.9%during the forecast period with a market size of USD 36.02 million in 2024.

Europe Laser Hair Remover

According to Cognitive Market Research, the global Laser hair remover market size was estimated at USD 989.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 296.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.7%from 2024 to 2031.

• The United Kingdom Laser hair remover market had a market share of USD 49.87 million in 2024 and is projected to grow at a CAGR of 18.5% during the forecast period. Europe is a hub for technological innovation in the aesthetics industry.
• The France Laser hair remover market is projected to witness growth at a CAGR of 16.9% during the forecast period, with a market size of USD 27.31 million in 2024.
• According to Cognitive Market Research, the German laser hair remover market size was valued at USD 58.78 million in 2024 and is projected to grow at a CAGR of 17.9% during the forecast period. In Germany, The region has witnessed significant advancements in laser technology, leading to the development of more efficient, safe, and versatile hair removal devices.
• The Italy Laser hair remover market is projected to witness growth at a CAGR of 17.1% during the forecast period, with a market size of USD 25.53 million in 2024.
• The Russia Laser hair remover market is projected to witness growth at a CAGR of 16.7% during the forecast period with a market size of USD 46.01 million in 2024.
• The Spain Laser hair remover market is projected to witness growth at a CAGR of 16.8% during the forecast period with a market size of USD 24.34 million in 2024
• The Luxembourg Laser hair remover market is projected to witness growth at a CAGR of 17.8%during the forecast period with a market size of USD 9.20 million in 2024.
• The Portugal Laser hair remover market is projected to witness growth at a CAGR of 17.5%during the forecast period with a market size of USD 6.23 million in 2024.
• The Greece Laser hair remover market is projected to witness growth at a CAGR of 18.0%during the forecast period with a market size of USD 3.56 million in 2024.
• Rest of Europe's Laser hair remover market is projected to witness growth at a CAGR of 16.4%during the forecast period with a market size of USD 46.01 million in 2024.

Asia Pacific Laser Hair Remover

According to Cognitive Market Research, the global Laser hair remover market size was estimated at USD 989.5Million out of which Asia Pacific held the market around 23% of the global revenue with a market size of USD 227.59million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.2%from 2024 to 2031.

• According to Cognitive Market Research, the China Laser hair remover market size was valued at USD 102.41 million in 2024 and is projected to grow at a CAGR of 20.7% during the forecast period. As a result, there is a growing demand for advanced hair removal solutions like laser technology to achieve long-lasting results.
• The Japan Laser hair remover market is projected to witness growth at a CAGR of 19.7% during the forecast period with a market size of USD 31.41 million in 2024.
• The India Laser hair remover market had a market share of USD 27.31 million in 2024 and is projected to grow at a CAGR of 23.0% during the forecast period. Similar to other regions, technological advancements play a crucial role in driving the laser hair remover market.
• The South Korean laser hair remover market is projected to witness growth at a CAGR of 20.3% during the forecast period, with a market size of USD 22.76 million in 2024.
• The Australia Laser hair remover market is projected to witness growth at a CAGR of 20.9% during the forecast period, with a market size of USD 11.83 million in 2024.
• The South East Asia Laser hair remover market is projected to witness growth at a CAGR of 22.2%during the forecast period with a market size of USD 15.70 million in 2024.
• The Rest of Asia Pacific Laser hair remover market is projected to witness growth at a CAGR of 21.0%during the forecast period with a market size of USD 16.16 million in 2024.

South America Laser Hair Remover

According to Cognitive Market Research, the global Laser hair remover market size was estimated at USD 989.5 Million, out of which the Latin America market of more than 5% of the global revenue with a market size of USD 49.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.6%from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Laser hair remover market size was valued at USD 21.18 million in 2024 and is projected to grow at a CAGR of 19.2% during the forecast period. Economic development and a growing middle class in Latin America have increased disposable incomes and purchasing power.
• Argentina's Laser hair remover market had a market share of USD 8.31 million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period. Consumers in countries like Brazil, Mexico, and Argentina are increasingly investing in aesthetic treatments and products, including laser hair removal, to enhance their appearance and confidence.
• Colombia's Laser hair remover market is projected to witness growth at a CAGR of 18.4% during the forecast period with a market size of USD 4.40 million in 2024.
• Peru's Laser hair remover market is projected to witness growth at a CAGR of 18.8% during the forecast period, with a market size of USD 4.06 million in 2024.
• Chile's Laser hair remover market is projected to witness growth at a CAGR of 18.9% during the forecast period, with a market size of USD 3.56 million in 2024.
• The Rest of the Latin America Laser hair remover market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 7.97 million in 2024.

Middle East and Africa Laser Hair Remover

According to Cognitive Market Research, the global Laser hair remover market size was estimated at USD 989.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 19.79million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.9%from 2024 to 2031.

• The GCC Countries Laser hair remover market is projected to witness growth at a CAGR of 19.7% during the forecast period with a market size of USD 8.47 million in 2024. Cultural perceptions of beauty vary across different regions of Africa. In countries like Nigeria, South Africa, and Egypt, there's a growing emphasis on grooming and appearance, with smooth, hair-free skin being desirable among both men and women. Laser hair removal is increasingly seen as a modern grooming solution.
• Egypt's Laser hair remover market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD 2.08 million in 2024.
• The South Africa Laser hair remover market is projected to witness growth at a CAGR of 19.9% during the forecast period, with a market size of USD 3.13 million in 2024. The beauty industry in Africa is experiencing rapid growth, driven by increasing consumer awareness and demand for grooming services.
• The Turkey Laser hair remover market is projected to witness growth at a CAGR of 18.4% during the forecast period with a market size of USD 1.70 million in 2024.
• The Nigeria Laser hair remover market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 2.08 million in 2024.
• The Rest of the MEA Laser hair remover market is projected to witness growth at a CAGR of 17.9% during the forecast period, with a market size of USD 2.34 million in 2024.

Laser Hair Remover Market Analysis

Laser hair remover Market Type Segment Analysis

According to Cognitive Market Research, Alexandrite laser hair removal stands out as the dominating category. Alexandrite lasers have a larger spot size and higher repetition rate compared to other laser types, allowing for faster treatment times. This makes Alexandrite lasers ideal for larger areas of the body, such as the legs or back, and enables providers to treat more patients in less time. Alexandrite lasers are highly effective at targeting melanin in the hair follicle, making them particularly suitable for individuals with light to olive skin tones and dark, coarse hair. They can achieve significant hair reduction with fewer treat

Diode laser hair removal emerges as the fastest-growing category in the Laser hair remover market. Diode lasers have longer wavelengths that penetrate deeper into the skin, making them safe and effective for all skin types, including darker skin tones. They can selectively target the melanin in the hair follicle while minimizing damage to surrounding skin, reducing the risk of side effects such as burns or hyperpigmentation. Diode lasers can achieve significant and long-lasting hair reduction with fewer treatment sessions compared to other laser types. They target the hair follicle at the root, inhibiting future hair growth and leading to smoother, hair-free skin over time.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Laser Hair Remover Industry. Request a Free Sample PDF!

Laser hair remover Market Gender Segment Analysis

According to Cognitive Market Research, the dominating category is Female. Many women prefer smooth, hair-free skin for aesthetic reasons, particularly in areas such as the legs, underarms, bikini lines, and face. Laser hair removal offers a long-lasting solution to unwanted hair, eliminating the need for frequent shaving, waxing, or depilatory creams. Laser hair removal provides women with a convenient alternative to traditional hair removal methods, saving time and effort spent on daily or weekly grooming routines. This is particularly appealing to busy professionals, mothers, and individuals with active lifestyles who value efficiency and convenience.

The fastest-growing category in the Laser hair remover market is Male. There has been a cultural shift towards male grooming and personal care in recent years, with many men paying greater attention to their appearance and grooming habits. Laser hair removal is becoming increasingly popular among men for achieving smooth, hair-free skin in areas such as the chest, back, shoulders, and facial hair.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Laser Hair Remover Age Group Segment Analysis

Laser hair remover Market Age Group Segment Analysis

According to Cognitive Market Research, the dominating category is 13 to 29. Teenagers and young adults in this age group are often heavily influenced by social media, celebrity culture, and peer pressure. They may feel pressure to conform to beauty standards that emphasize smooth, hair-free skin, particularly in visible areas such as the legs, underarms, and face. As a result, many individuals in this age group may seek laser hair removal as a long-term solution for hair removal.

The fastest-growing category in the Laser hair remover market is 30 to 54. Individuals in this age group are often established in their careers and may place greater emphasis on professional appearance and grooming. Laser hair removal can help maintain a polished and professional image, particularly in industries or professions where a neat and well-groomed appearance is valued. As adults juggle busy schedules with work, family responsibilities, and social commitments, they may prioritize time-saving solutions for grooming and self-care. Laser hair removal offers a convenient and efficient alternative to traditional hair removal methods, reducing the need for daily or weekly maintenance and freeing up time for other activities.

• 13 to 29
• 30 to 54
• 55 to 69

Laser Hair Remover End User Segment Analysis

Laser hair remover Market End User Segment Analysis

According to Cognitive Market Research, the dominating category is Hospitals. Some patients may require laser hair removal for medical reasons, such as those with excessive hair growth caused by hormonal imbalances (hirsutism), polycystic ovary syndrome (PCOS), or certain medical conditions. Integrating laser hair removal services into hospitals and clinics allows patients to receive treatment under the supervision of medical professionals who can assess their medical history, diagnose underlying conditions, and tailor treatment plans to meet their specific needs.

The fastest-growing category in the Laser hair remover market isClinic. Clinics that offer laser hair removal services can provide patients with a comprehensive range of cosmetic procedures alongside medical treatments, enhancing the overall patient experience and satisfaction. This integrated approach to care allows patients to address both medical and aesthetic concerns in one convenient location under the guidance of experienced healthcare providers.

• Hospitals
• Clinic
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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