The APAC laser hair removal Market was worth USD 161.66 million in 2023 and is estimated to be growing at a CAGR of 24.86%, to reach USD 490.61 million by 2028.
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 2020-2027. Furthermore, the Indian market is expected to grow at a CAGR of 38.6 percent during 2022 - 2027.
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.
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