The North America laser hair removal market was worth USD 193.70 million in 2022 and is estimated to be growing at a CAGR of 21.97%, to reach USD 522.88 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 North American Laser Hair removal market is expected to be driven by the growing demand for non-invasive hair removal procedures and technological advancement in the healthcare sector in the region. The technological advancements include the introduction of ultra-technology.
In addition, increasing beauty consciousness particularly among women in the developed countries such as the United States and Canada is contributing the market growth in the region.
A similar tendency can be observed among the male population, as they are progressively selecting various grooming products. Therefore, this aspect is expected to drive the demand even further.
The demand for non-invasive hair removal therapies such as laser treatment is predicted to rise in the coming years due to benefits such as accuracy and time and money savings. In addition, the majority of hair removal equipment can be used at home; therefore, demand for personal non-invasive grooming treatments is projected to rise.
The North America laser hair removal market is also being driven by rising worries about facial hair, including the hair development on the lips, neck, chin, and sideburn area. In addition, laser hair removal is a popular cosmetic surgery that involves focusing extremely focused light beams on hair follicles, absorbing existing pigment, and destroying the hair.
On the other hand, the widespread availability of these devices at medical stores that provide personal care items increases product demand and boosts market expansion. In addition, market growth would be aided by rising disposable income levels and prospective growth opportunities in the region.
However, The high cost of hair removal treatment at beauty salons or dermatological clinics is projected to impede the market expansion. Furthermore, in the forecasted period, the availability of alternative enhanced beauty treatment solutions is expected to pose a challenge to the laser hair removal market.
This research report on the North America laser hair removal market has been segmented and sub-segmented into the following categories:
By Laser Type:
North America laser hair removal market is expected to dominate the global laser hair removal market; the market growth is attributed to the increased demand for hair removal treatments, the growth in the adoption of advanced technologies, and the presence of several well-established dermatology clinics in the region. In addition, the major economic countries, particularly the United States and Canada, are predominantly contributing to the regional market growth.
The United States market has dominated the North American laser hair removal market by country, with an increasing market value of $833.4 million by 2027. Between 2022 to 2027, Laser hair removal treatment is the most popular cosmetic procedure in the United States. According to the American Society of Plastic Surgeons, 757,808 laser hair removal procedures were conducted in the United States in 2020. As per the report, the national average surgeon/ physician fee for laser hair removal in the United States is roughly USD 389. In the year 2020, the United States spent a total of USD 294,497,562 on laser hair removal procedures.
On the other hand, the Canadian market is expected to grow at a rate of 22%. With the rising demand for hair removal treatments, the presence of well-established dermatological clinics, and the availability of numerous experienced specialists in the region, North America captures the largest revenue share of the market. In addition, aesthetic lasers were widely used by experts in North America for a variety of purposes.
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 North America laser hair removal market.
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