(MENAFN- GlobeNewsWire - Nasdaq) Wilmington, Delaware, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, " Laser Hair Removal Market by Type (Alexandrite laser hair removal, Diode laser hair removal, Others), by Gender (Male, Female), by Age group (13 to 29 Years, 30 to 54 Years, 55 to 69 Years), by End User (Hospitals, Clinic, Others): Global Opportunity Analysis and Industry Forecast, 2025-2035" . According to the report, the "laser hair removal market" was valued at $1 billion in 2023, and is estimated to reach $7.7 billion by 2035, growing at a CAGR of 18.3% from 2025 to 2035.

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Prime determinants of growth

The growth of the laser hair removal market is driven by increasing demand for permanent hair removal solutions, rising disposable incomes, and a growing awareness of aesthetic treatments. Technological advancements in laser systems, offering safer, more effective treatments with minimal discomfort, further boost market expansion. Additionally, the rising trend of grooming and personal care, coupled with the availability of affordable procedures, has encouraged wider adoption. Increasing popularity among both men and women, particularly for facial and body treatments, also contributes significantly to the market's growth.

Report coverage & details

Report Coverage	Details
Forecast Period	2025–2035
Base Year	2023
Market Size in 2023	$1 Billion
Market Size in 2035	$7.7 Billion
CAGR	18.3%
No. of Pages in Report	500
Segments covered	Type, Gender, Age Group, End User, and Region
Drivers	Increase in demand for aesthetic treatments Growth in adoption of laser hair removal treatment Rise in disposable income
Opportunities	Technological Advancement
Restraints	High Initial Cost of Equipment

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The alexandrite laser hair removal segment to maintain its leadership status during the forecast period

By type, the alexandrite laser hair removal segment held the largest market share in 2023, accounting for more than two-fifths of the laser hair removal market revenue and is estimated to maintain its leadership status throughout the forecast period. This is attributed to alexandrite laser's ability to target a broad spectrum of hair colors and types, particularly lighter skin tones, which makes it highly versatile and effective for a wide range of patients. Its high absorption of melanin allows it to deliver precise and effective hair removal, which enhances patient satisfaction and makes it a preferred choice among both consumers and practitioners.

The female segment to maintain its leadership status during the forecast period

By gender, the female segment held the largest market share in 2023, accounting for around four-fifths of the laser hair removal market revenue and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the fact that women have a greater demand for aesthetic and personal grooming services, with laser hair removal being a preferred method due to its long-lasting results and convenience compared to traditional hair removal techniques like waxing and shaving. The increasing societal focus on personal appearance and body grooming has led to a higher number of women opting for these treatments.

The 30 to 54 years segment held the largest market share in 2023

By age group, the 30 to 54 years segment held the largest market share in 2023, accounting for nearly two-thirds of the laser hair removal market revenue and is estimated to maintain its leadership status throughout the forecast period. Individuals in age group 30 to 54 years are often in their prime professional and personal years, possessing the financial stability to invest in aesthetic procedures like laser hair removal. Moreover, this age range commonly includes individuals who seek long-term, effective solutions for hair removal, as they are likely to experience ongoing concerns with body hair that may affect their appearance and self-esteem.

The clinics segment held the largest market share in 2023

By end user, the clinic segment held the largest market share in 2023, accounting for more than half of the laser hair removal market revenue and is estimated to maintain its leadership status throughout the forecast period. Clinics typically have specialized professionals and advanced laser technology, making them more trusted by consumers seeking effective and safe treatments. This level of expertise attracts a broader customer base, including individuals looking for permanent hair removal solutions with minimal side effects. Furthermore, clinics often offer customized treatment plans tailored to individual needs, which increases their appeal over other types of providers.

North America to maintain its dominance by 2035

North America dominated the market share in 2023, accounting for nearly two-fifths of the laser hair removal market revenue, owing to advanced healthcare infrastructure, a high adoption rate of innovative cosmetic procedures, and a strong demand for aesthetic treatments among consumers. However, Asia-Pacific is expected to register the highest CAGR during the forecast period owing to increasing disposable income in emerging economies, rising beauty consciousness, and a growing trend toward cosmetic procedures. Additionally, the region is witnessing an expansion of advanced laser technologies, making treatments more accessible.

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Leading Market Players

• Cutera

• Cynosure Inc

• Candela Corporation.

• Alma Lasers Ltd.

• Sinclair

• Lumenis Be Ltd

• Venus Concept Ltd.

• Fotona

• Lynton Lasers Ltd

• Sciton

The report provides a detailed analysis of these key players in the laser hair removal market. These players have adopted strategies such as acquisition to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to highlight the competitive scenario.

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