Laser Hair Removal Market Size

Laser Hair Removal Market Size

Laser Hair Removal Market size was valued at around USD 1.13 billion in 2023 and is anticipated to register a CAGR of over 18.4% between 2024 and 2032. Laser hair removal is a cosmetic procedure that utilizes laser technology to reduce or eliminate unwanted body hair. The process involves the use of a concentrated beam of light (laser) that is directed into the hair follicles.

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Consumers prefer non-invasive cosmetic procedures for their minimal complications, shorter recovery times, and reduced discomfort. Laser hair removal, being non-surgical and minimally invasive, is an appealing choice for those seeking cosmetic enhancements without the need for surgery. For instance, in 2020, the American Society of Plastic Surgeons reported that approximately 757,800 laser hair removal procedures were conducted in the U.S., with 84% of these procedures performed on females.
 

Furthermore, the market is stimulated by the consumer preference for long-term solutions over traditional methods like waxing or shaving. The extended effectiveness, offering semi-permanent to permanent reduction in hair growth, provides convenience by minimizing the need for frequent maintenance. This positions laser hair removal as a cost-effective and time-efficient solution, fuelling its increasing demand in the cosmetic industry.