The Asia Pacific Laser Hair Removal Market would witness market growth of 37.1% CAGR during the forecast period (2020-2026).
The ultra-technology is considered safer than prior technologies & the occurrences of side-effects, like burning sensation and temporary rashes on the skin, can be simply healed with current applications. Moreover, increasing penetrations of e-commerce penetration which results in easy availability of advanced products are expected to boost the global laser hair removal market.
The aesthetics industry is facing a lot of limitations due to the outbreak of the COVID-19 pandemic. During the initial phase, the majority of the clinics had stopped functioning with only emergency procedures to be carried out. Due to this, the market has been negatively impacted. Although, the market growth is fuelled by the relaxing lockdown restrictions & services have restarted in a steady manner with stringent measures that need to be followed.
One of the significant drivers of the market growth is the changing trend towards keeping up a superior degree of aesthetic beauty. Moreover, the market growth is also augmented by several technological advancements in aesthetic lasers. For example, one of the modern innovations in the market is the mixed modalities, launched by Quanta Systems in the Thunder MT system. This technology is also efficient for other treatments such as blue veins, which cannot be managed with Nd: YAG alone. As Mixing modalities offer superior results in just a single treatment, hence they are gaining increasing traction. Using this technology, experts can do operate photo-rejuvenation facials in only 15 minutes.
Based on Laser Type, the market is segmented into Diode Laser, Nd:YAG Laser and Alexandrite Laser. Based on End Use, the market is segmented into Beauty Clinics, Dermatology Clinics and Home Use. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Alexandrite Laser Market by Country in 2019, thereby, achieving a market value of $28.6 million by 2026. The Japan market is exhibiting a CAGR of 38.5% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 38.6% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cutera, Inc., Bausch Health Companies, Inc., Candela Medical Corporation, Lumenis Ltd. (XIO Group), Cynosure, LLC, Alma Lasers Ltd., Lutronic Corporation, Viora, Inc., Sciton, Inc., and Lynton Lasers Ltd.
Scope of the Study
Market Segments covered in the Report:
By Laser Type
• Diode Laser
• Nd:YAG Laser
• Alexandrite Laser
By End Use
• Beauty Clinics
• Dermatology Clinics
• Home Use
• South Korea
• Rest of Asia Pacific
• Cutera, Inc.
• Bausch Health Companies, Inc.
• Candela Medical Corporation
• Lumenis Ltd. (XIO Group)
• Cynosure, LLC
• Alma Lasers Ltd.
• Lutronic Corporation
• Viora, Inc.
• Sciton, Inc.
• Lynton Lasers Ltd.
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