Laser Hair Removal Market to Reach $1,619.7 Million by 2028; Cynosure Launches Elite iQ Platform to Strengthen its Market Position

The global laser hair removal market size is expected to gain momentum by reaching USD 1,619.7 million by 2028. According to 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, 2021-2028”, the market stood at USD 483.0 million in 2020 and is projected to exhibit an astounding CAGR of 16.7% between 2021 and 2028. This is attributable to the factors such as the increasing adoption of advanced laser removal products owing to their high precision by people worldwide.

Cynosure Announces Launch of Elite iQ to Brighten its Market Prospects

In June 2020, Cynosure introduced its advanced Elite iQ platform, the next generation of the Elite Aesthetic Workstation across Australia, Europe, and the US. The company reports that the platform offers customized hair removal treatment solutions by leveraging the aesthetic sector’s live melanin reader called Skintel. The reader further ensures efficient removal of unwanted hair permanently and is suitable for all skin types. Moreover, it enables practitioners to provide personalized treatments for people with contrasting skin color globally. This is expected to boost the adoption of advanced laser hair removal solutions.  

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/laser-hair-removal-market-103477

High Precision Functioning of Product to Promote Growth

Laser hair removal efficiently functions by heating hair follicles to prevent growth of new hairs. The idea is to put hair follicles for a prolonged period into dormancy that may not be completely achieved by waxing and shaving. The biggest advantage of the laser type of treatments is their high precision as these lasers target and remove coarse and dark hair regions.

The hair removal through lasers is a rapid-paced process. For instance, each laser pulse is able to treat multiple hairs in a single stroke. Moreover, smaller areas such as underneath the nose can be treated in less time. However, this procedure does not remove unwanted hairs permanently, but only reduces their density in a certain area. Therefore, the precise functioning of this procedure is expected to contribute to the global laser hair removal market growth during the forecast period.

Key Players Focus on Development of Next-Gen Technologies to Strengthen Their Market Positions

The key players present in the global market are increasingly developing and incorporating modern technologies in conventional aesthetic procedures such as hair removal. To gain a competitive edge, many companies are frequently launching innovative hair removal products with improved efficiency. Moreover, these innovations are allowing market players to diversify their portfolios and consolidate their position in the market.

Industry Development:

• May 2020 – Lira Style introduced an advanced laser-powered hair removal medical device, Cervello. The company further informs that the device offers hair removal treatment for all skin types with a combination of diode, alexandrite, and Nd: YAG.

List of the Companies Profiled in the Global Market for Laser Hair Removal:

• Venn Healthcare (U.K.)


• Sciton, Inc. (California, U.S)


• Lumenis Ltd. (Israel)


• Cynosure (Massachusetts, U.S)


• Cutera (California, U.S)


• CANDELA CORPORATION (Massachusetts, U.S)


• Lynton Lasers Ltd (U.K.)


• Alma Lasers (Israel)


• Fotona (Texas, U.S)


• Venus Concept (Toronto, Canada)

Further Report Findings:

• Asia Pacific is expected to hold the highest position in the market during the forecast period. This is due to the rising aesthetic consciousness among the growing urban populace in countries such as India and China. The region stood at USD 184.8 million in 2020.  


• The market in North America is expected to hold the second position backed by the massive technological improvement in the aesthetics industry. Moreover, high spending capacity of the people in the U.S. on personal care is expected to bode well for regional market growth.


• The Nd:YAG segment held a global laser hair removal market share of 32.4% in 2020. The segment is expected to showcase considerable growth due to the increasing adoption of this type of product for the treatment of pigmented skin.

Table of Segmentation: