Laser Hair Removal Market Growth Opportunities, Industry Trends, and Forecast 2032
- sachi toshniwal
- Nov 7
- 4 min read
Laser hair removal is a widely adopted non-invasive cosmetic procedure that targets unwanted hair using concentrated light energy. Its increasing demand is attributed to convenience, minimal pain, superior results, and long-lasting effects compared to traditional methods such as waxing or shaving.
According to Fortune Business Insights, the laser hair removal market share was valued at USD 1.22 billion in 2024 and is projected to grow from USD 1.42 billion in 2025 to USD 4.60 billion by 2032, exhibiting a CAGR of 18.3% during the forecast period. Asia Pacific dominated the market, accounting for a 39.34% share in 2024.
Key Market Snapshot:
2024 Market Size: USD 1.22 billion
2025 Market Size: USD 1.42 billion
2032 Market Forecast: USD 4.60 billion
CAGR (2025–2032): 18.3%
Top Companies in the Market
Cutera (U.S.)
Venus Concept (Canada)
CYNOSURE (U.S.)
Fotona (U.S.)
Lumenis Ltd. (Israel)
Alma Lasers (Israel)
Sciton, Inc. (California, U.S.)
Lynton Lasers Ltd (U.K.)
Venn Healthcare (U.K.)
CANDELA CORPORATION (U.S.)
Market Drivers & Restraints
Market Drivers
Growing popularity of non-invasive aesthetic procedures has created strong demand for laser-based treatments. Consumers are increasingly opting for permanent hair reduction solutions, boosting the use of advanced laser systems.
Technological advancements, including improved cooling mechanisms, multi-wavelength systems, and safer laser designs for diverse skin types, are contributing to increased adoption.
Rising disposable income, particularly in emerging economies, has enabled greater spending on cosmetic and dermatological treatments.
Expanding influence of social media and beauty standards has led to higher awareness about long-lasting grooming solutions such as laser hair removal.
Market Restraints
High initial costs of laser hair removal devices and treatment sessions continue to limit accessibility for certain population segments.
Lack of skilled professionals and potential side effects in unregulated clinics may discourage adoption in developing markets.
Stringent regulatory policies regarding device approval and clinical usage can pose challenges for new entrants and small-scale manufacturers.
Market Competitive Landscape
The laser hair removal industry is moderately consolidated, with a few major players holding significant market share. Leading manufacturers are investing heavily in product innovation, mergers, and collaborations to strengthen their portfolios. Companies such as Cutera, Candela, and Alma Lasers are focusing on next-generation laser systems that enhance patient comfort and treatment efficacy. Partnerships with aesthetic clinics and dermatology centers are further expanding product reach and service adoption globally.
Market Segments
The market is segmented based on product type, end-user, and region.
By Product Type
Diode Lasers
Alexandrite Lasers
Nd:YAG Lasers
Others (Combination and IPL-based devices)
The diode laser segment is projected to hold the largest share due to its proven effectiveness and suitability across various skin tones. Alexandrite lasers are preferred for lighter skin types, while Nd:YAG lasers are ideal for darker skin tones, providing versatility across patient demographics.
By End User
Hospitals
Medical Spas and Specialty Clinics
Others (Dermatology Centers and Beauty Studios)
Medical spas and specialty clinics dominate the end-user segment due to the rising trend of non-surgical cosmetic procedures. Increasing consumer preference for professional aesthetic services continues to drive the growth of this segment.
Explore the full research report with detailed insights and TOC: https://www.fortunebusinessinsights.com/laser-hair-removal-market-103477
Market Regional Insights
North America
North America holds a significant share in the global market due to widespread adoption of advanced aesthetic technologies, high consumer awareness, and presence of leading manufacturers. The U.S. dominates regional growth, supported by a large base of dermatology clinics and beauty treatment centers.
Europe
Europe continues to experience robust growth owing to increasing consumer demand for premium aesthetic procedures and advanced clinical infrastructure. Countries such as the U.K., Germany, and France are major contributors to market revenue.
Asia-Pacific
Asia Pacific led the global market in 2024, valued at USD 0.48 billion, due to rising disposable income, lifestyle changes, and increasing awareness of aesthetic treatments.
Future Market Scope
The laser hair removal market is projected to grow steadily in the coming years, supported by continuous innovation and expanding treatment applications. The increasing preference for personalized beauty and wellness treatments, along with the integration of AI-based laser technologies, is expected to shape future industry trends. Clinics are also adopting subscription-based models and at-home laser devices to cater to evolving consumer preferences.
Furthermore, manufacturers are focusing on developing portable and user-friendly devices to enhance accessibility and reduce costs. As technology continues to evolve, the global market will witness new growth opportunities in untapped regions and among emerging consumer groups seeking safe and effective hair removal solutions.
Recent Industry Development
November 2023: Justera Health Ltd. announced the launch of an extended range of premium laser treatment services with the CUTERA XEO. The device, manufactured by Cutera Face and Body Aesthetic Solutions, introduces new capabilities for non-surgical aesthetic treatments and strengthens the company’s position in the global market.
Conclusion
The global laser hair removal market continues to gain momentum, driven by aesthetic awareness, innovative product offerings, and growing consumer confidence in non-invasive cosmetic solutions. With strong participation from key industry players and rising acceptance across developed and emerging economies, the market is poised for sustained growth. As technological advancements enhance treatment safety and efficiency, laser hair removal is expected to remain one of the most sought-after aesthetic procedures worldwide.
Contact us:
Fortune Business Insights™ Pvt.
Phone: USA: +1 833 909 2966 (Toll-Free),
United Kingdom: +44 808 502 0280 (Toll-Free),
APAC: +91 744 740 1245
Comments