At 13.9% CAGR, the Europe Laser Hair Removal Market is projected to be worth US$ 386.56 million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe laser hair removal market was valued at US$ 136.21 million in 2022 and is expected to reach US$ 386.56 million by 2030, registering a CAGR of 13.9% from 2022 to 2030. Increasing number of hair removal procedures and rising popularity of laser-based hair removal among men are among the critical factors attributed to the Europe laser hair removal market expansion.

Laser hair removal is rapidly gaining traction in modern cosmetic dermatology. The standards of aesthetics and beauty are transforming every day for men and women alike. Men are willing to try out laser treatments for removing excessive hair, generally on the face, and neck, back, and chest parts. They especially appreciate the diode laser's ability to remove even the coarsest hair from relatively large body areas. Getting rid of unwanted hair with the traditional methods is often painful, time-consuming, and gives temporary results that last for a few days to a few weeks. Therefore, just like women, men are also opting for long-lasting body hair removal treatments. Laser hair removal treatments for men offer a remarkable solution for eradicating pesky hair from hard-to-reach areas such as the back, shoulders, and buttocks, ensuring smooth and appealing surfaces.

This treatment is also deemed perfect for urban men who desire a neat and hygienic appearance, and it also serves as an ideal alternative to traditional hair removal methods that are tedious, time-consuming, and messy. Mankini laser hair removal is the male equivalent to full Brazilian laser hair removal. Mankini laser treatments are part of the growing manscaping trends amongst men.

On the contrary, side effects of laser hair removal procedures hamper the Europe laser hair removal market.

Based on laser type, the Europe laser hair removal market is segmented into alexanderite laser, diode laser, Nd: YAG laser, and others. The diode laser segment held 45.4% share of Europe laser hair removal market in 2022, amassing US$ 61.80 million. It is projected to garner US$ 184.70 million by 2030 to expand at 14.7% CAGR during 2022-2030.

Based on product type, the Europe laser hair removal market is bifurcated into multiple standard wavelength and specific standard wavelength. The multiple standard wavelength segment held 62.2% share of Europe laser hair removal market in 2022, amassing US$ 84.72 million. It is projected to garner US$ 249.72 million by 2030 to expand at 14.5% CAGR during 2022-2030.

Based on end user, the Europe laser hair removal market is segmented into beauty clinics, dermatology clinics, hospitals, and home use. The beauty clinics segment held 45.3% share of Europe laser hair removal market in 2022, amassing US$ 61.68 million. It is projected to garner US$ 186.57 million by 2030 to expand at 14.8% CAGR during 2022-2030.

Based on country, the Europe laser hair removal market has been categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 29.5% share of Europe laser hair removal market in 2022. It was assessed at US$ 40.19 million in 2022 and is likely to hit US$ 136.26 million by 2030, exhibiting a CAGR of 16.5% during 2022-2030.

Key players operating in the Europe laser hair removal market are Alma Lasers Ltd, Candela Corp, Cutera Inc, Lumenis Be Ltd, Lutronic Co Ltd, Sciton Inc, and Sinclair Pharma Ltd, among others.

• In May 2023, Alma Lasers Ltd unveiled its fifth Alma Academy at an event held in Lago Maggiore, Italy, from May 4 to May 6, 2023. The event was attended by 500 physicians from 46 countries across the world. Prior to Italy, the company had Alma Academies in countries such as Greece, North America, Spain, and Dubai. This will help in the company's global expansion and vision for holistic wellness solutions.
  
  
• In January 2020, Lumenis Be Ltd announced the launch of LightSheer Quattro. The product was launched in Paris, France, at the 22nd International Master Course on Aging Science (IMCAS) conference held from 30th January - 1st February 2020. The product was launched in France after the successful launch in the US in 2019.
  
  
  
  
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