The APAC laser hair removal Market was worth USD 129.48 million in 2021 and is estimated to be growing at a CAGR of 24.86%, to reach USD 392.95 million by 2026.
Laser hair removal is an effective method of removing unwanted hair from the leg, face, chin, arm, back, armpits, bikini line, and more. It is a non-surgical and non-invasive method for hair removal.
The increasing tendency toward maintaining a higher level of aesthetic appearance is one of the major factors of market growth. Also, technological advancements are expected to increase the market growth. The Ultra-technology is expected to be safer than previous technologies, and side effects such as burning sensations and transient skin rashes can be easily treated with current techniques.
Furthermore, the Asia Pacific laser hair removal market is predicted to grow as e-commerce penetration rises, resulting in easier access to innovative products. Furthermore, various technological developments in aesthetic lasers have aided market expansion.
Additionally, the greater market growth could be due to a rise in beauty consciousness, especially among women in emerging countries such as India and China. A similar trend may be observed among the men, who are increasingly opting for new grooming products. This factor is projected to boost demand even further.
On the other hand, the demand for non-invasive hair removal therapies such as laser treatment is expected to increase in the next years as a result of advantages such as accuracy, time, and cost savings. Although most hair removal equipment may be used at home, the demand for non-invasive grooming treatments for individuals is expected to increase.
The industry is also being driven by rising concerns about facial hair, particularly hair development on the lips, neck, chin, and sideburn area. Laser hair removal is a common cosmetic procedure that involves focusing ultra-fine light beams on hair follicles, absorbing existing pigment, and removing the hair. The broad availability of these devices in medical stores that sell personal care items is driving up product demand and expanding the APAC laser hair removal market. In addition, rising disposable income levels and potential growth prospects in the region will help the market flourish.
However, The high expense of hair removal at beauty salons or dermatological clinics is expected to limit the market growth. In addition, the availability of alternative enhanced beauty treatment solutions is projected to provide a threat to the laser hair removal industry over the forecast period.
This research report on the APAC laser hair removal market has been segmented and sub-segmented into the following categories:
By Laser Type:
The APAC laser hair removal market is one of the fastest-growing markets globally. The regional market growth is attributed to increased laser technology-based hair removal procedures, changing lifestyle preferences, and rising disposable income. In addition, the population’s rising acceptance of hair removal treatment is credited with the region’s dominance. China, India, and Japan are mainly expanding the Asia Pacific regional market growth. Moreover, attributable to increased disposable income and purchasing power in the fast-developing economies of India and China during the predicted period, another factor that is expected to push the market in this region is the increasing accessibility of innovative hair removal treatments. The market in Japan is growing at a rate of 38.5 percent during 2020-2026. Furthermore, the Indian market is expected to grow at a CAGR of 38.6 percent during 2021-2026.
However, China dominated the APAC Laser Hair removal market, and it is likely to witness a predominant share during the forecast period. The market growth is driven by the technological advancements in healthcare sectors, favorable reimbursement policies, the rising awareness of hair loss issues, and the introduction of improved products.
KEY MARKET PLAYERS:
Lynton Lasers Ltd, Sciton, Inc., Viora, Inc., Lutronic Corporation, Alma Lasers Ltd., Cynosure, LLC, Lumenis Ltd. (XIO Group), Candela Medical Corporation, Bausch Health Companies, Inc., and Cutera, Inc. are a few of the prominent companies operating in the APAC laser hair removal market.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 The APAC Laser Hair Removal Market – By Laser Type:
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 The APAC Laser Hair Removal Market – By End-use:
6.2.1 Beauty Clinics
6.2.2 Dermatology Clinics
6.2.3 Home Use
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Asia Pacific
7.1.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.1.2 By Laser Type:
7.1.3 By End-use:
8. Key Player Analysis
8.1 Lynton Lasers Ltd
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Sciton, Inc.
8.3 Viora, Inc.
8.4 Lutronic Corporation
8.5 Alma Lasers Ltd.
8.8 Lumenis Ltd
8.9 Candela Medical Corporation
8.10 Bausch Health Companies, Inc.
8.11 Cutera, Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the areas that are still untapped.
The segment-level analysis in terms of laser type, end-use, and region along with market size forecasts and estimations to detect key areas of industry growth in detail.
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
A comprehensive list of key market players along with their product portfolio, current strategic interests, essential financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment.
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions.
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations with a strong financial foothold in the market.
Asia Pacific Laser Hair Removal Market By Laser Type, From 2021 to 2026 ( USD Billion )
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Asia Pacific Alexandrite Market By Region, From 2021 to 2026 ( USD Billion )
Asia Pacific Laser Hair Removal Market By End-use, From 2021 to 2026 ( USD Billion )
Asia Pacific Beauty Clinics Market By Region, From 2021 to 2026 ( USD Billion )
Asia Pacific Dermatology Clinics Market By Region, From 2021 to 2026 ( USD Billion )
Asia Pacific Home Use Market By Region, From 2021 to 2026 ( USD Billion )
Japan Laser Hair Removal Market By Laser Type, From 2021 to 2026 ( USD Billion )
Japan Laser Hair Removal Market By End-use, From 2021 to 2026 ( USD Billion )
China Laser Hair Removal Market By Laser Type, From 2021 to 2026 ( USD Billion )
China Laser Hair Removal Market By End-use, From 2021 to 2026 ( USD Billion )
India Laser Hair Removal Market By Laser Type, From 2021 to 2026 ( USD Billion )
India Laser Hair Removal Market By End-use, From 2021 to 2026 ( USD Billion )
Australia Laser Hair Removal Market By Laser Type, From 2021 to 2026 ( USD Billion )
Australia Laser Hair Removal Market By End-use, From 2021 to 2026 ( USD Billion )
South Korea Laser Hair Removal Market By Laser Type, From 2021 to 2026 ( USD Billion )
South Korea Laser Hair Removal Market By End-use, From 2021 to 2026 ( USD Billion )