One of the most popular cosmetic procedures to get rid of unwanted hair is laser hair removal. The instruments employed in this process direct intensely focused light into hair follicles, where the pigments absorb it and prevent or postpone the formation of new hair. Convenience, painlessness, superior results over traditional treatments, and long-lasting effects are a few of the elements driving up the solution’s acceptance rate.
According to SPER market research, ‘Laser Hair Removal Market Size– By Type, By Gender, By Age Group, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Laser Hair Removal Market is predicted to reach USD 5.30 billion by 2033 with a CAGR of 17.73%.
Growth in the global laser hair removal market size is primarily driven by an increase in the number of laser hair removal treatments, a growth in the number of product launches and product approvals in the field of laser hair removal treatment, and an increase in self-awareness about physical appearance among the youthful population. Furthermore, as women’s desire to be beautiful grows, so does their use of laser hair removal treatment. As a result, this aspect is expected to boost the expansion of the laser hair removal market. Female hormonal fluctuations induce a rise in the growth of undesirable facial hair, increasing the demand for laser hair removal treatment. Furthermore, factors such as an increase in sedentary lifestyles, increased concern for physical appearance, an increase in the number of celebrity and professional women, and an increase in disposable income are driving the global laser hair removal market share. Furthermore, an increase in the number of laser hair removal industry product launches in the laser hair removal sector stimulates market growth.
On the other side, the high cost of laser hair removal procedures is expected to stifle market expansion. Furthermore, risks connected with laser hair removal procedures such as skin irritation, transient discomfort, redness and swelling, and pigment changes impede the market’s growth.
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Impact of COVID-19 on Global Laser Hair Removal Market
Furthermore, The COVID-19 pandemic had a negative impact on the world market because lockdowns enforced globally limited people’s access to beauty clinics, which also had an impact on the aesthetic industry. Hair removal must be done directly by medical practitioners, even though many medical businesses offer internet consultations. But non-essential treatments were delayed all across the world, which severely affected laser hair removal businesses as the demand for these operations fell. The high expense of hair removal treatments at dermatological offices and beauty salons is a significant obstacle in this industry.
Laser Hair Removal Market Key Players:
Geographically, Asia Pacific led the global water recycling and reuse market in terms of value. China is the biggest market in the Asia-Pacific area. In light of the substantial industrial and commercial sectors, population expansion, and urbanisation, it is expected to increase at the fastest rate over the projected period. Additionally, some of the market key players are Alma Lasers Ltd. (Sisram Medical Ltd.), Cutera Inc, Cynosure LLC, Lumenis Ltd., Hitachi Ltd., LUTRONIC Corporation, Lynton Lasers Ltd., Sciton Inc.
Laser Hair Removal Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Global Laser Hair Removal Market is segmented as; Alexandrite laser hair removal, Diode laser hair removal.
By Gender: Based on the Gender, Global Laser Hair Removal Market is segmented as; Male, Female.
By Age Group: Based on the Age group, Global Laser Hair Removal Market is segmented as 13 to 29, 30 to 54, 55 to 69.
By End User: Based on the End Use, Global Laser Hair Removal Market is segmented as; Hospitals, Clinics.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Laser Hair Removal Market Future Outlook
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