The Europe laser hair removal Market was worth USD 171.21 million in 2022 and is estimated to be growing at a CAGR of 21.70%, to reach USD 457.05 million by 2027.
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 use of various hair removal treatments is projected to be driven by the growing preference for easy and at-home grooming products.
Another significant element projected to boost the growth of Europe laser hair removal market is the improvement of living standards and the expansion of the fashion industry. In addition, the rise of the laser hair removal market has been aided by the growing concerns for appearance and personal care.
The laser hair removal market is likely to benefit from rising health awareness among the regional population in the forecast period. Additionally, the demand for hair removal products is predicted to rise as a result of government initiatives in emerging nations encouraging companies to produce advanced and novel solutions.
The easy availability of technologically improved products has a favorable impact on market growth. For example, new laser products can emit longer wavelengths of light, allowing them to target melanin in hair follicles. Skin burns are less likely as a result of this. These factors are expected to drive the market for hair removal devices in the coming years.
On the other hand, market growth is likely to be supported by an improved standard of life and a significant increase in disposable income.
Furthermore, technological advancements and ongoing research and development in the fields of processing and cost-effective manufacturing have aided the expansion of the laser hair removal industry. However, due to increased administrative support and regulations, the top market players are projected to see profitable growth possibilities.
However, The availability of improved beauty treatments, the inflated price of organic cosmetics, and changes in the crude material supply are projected to impede the laser hair removal market growth. The high cost of hair removal therapy at beauty centers or dermatological clinics, on the other hand, is likely to hamper the market expansion.
This research report on the Europe laser hair removal market has been segmented and sub-segmented into the following categories:
By Laser Type:
Europe laser hair removal market is anticipated to account for the second-largest share. The market growth is expected to be fuelled by the increased occurrences of skin problems, rising disposable income levels, and favorable reimbursement policies in the region. The countries such as Germany, UK, Italy France, and Spain are contributing to the European regional market growth.
Germany led the European dermatology clinics market by country, with a market value of $27.2 million, expected by 2027. Furthermore, Germany dominated the Laser Hair removal market, and it is projected to continue its growth during the forecast period. The market growth is attributed to government assistance and advantageous reimbursement rules, and growing awareness.
On the other hand, the United Kingdom market is growing at a rate of 33.9 percent during the period 2020-2027. As a result, the UK is likely to witness a considerable share in the Laser Hair removal market. The growing demand for hair removal treatments, the availability of advanced dermatological clinics, and the quick adoption of sophisticated technology are propelling the market. However, Laser removal is one of the most popular minimally invasive cosmetic treatments in the United Kingdom, with over a million procedures conducted in recent years.
Furthermore, the France market is expected to increase at a CAGR of 37 percent during the following years, 2020-2027. By the forecast period, the rest of the European market will grow at a significant rate.
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 Europe laser hair removal market.
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