The global diode laser for hair removal market Size was valued at USD 277.5 million in 2021 and is expanded to grow at a significant CAGR of 9.5% during the forecast period 2022-2028. Venus Concept Canada Corp Increasing number of non-invasive treatment alternatives to boost product demand is driving the global diode laser-based hair removal systems market. High costs associated with devices hamper the global diode laser-based hair removal systems market.
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Diode Segment Dominates the Diode Laser-Based Hair Removal Systems Market
The diode segment acquired the prominent revenue share of the laser hair removal market in 2021. The major revenue is credited to the high accuracy provided by these products. Diode lasers are capable of targeting a specific body part and efficiently damaging the hair without causing harm to the nearby skin of the area. Moreover, the product demand is expected to increase owing to the feasible time needed for removing hair as per the area of the body and volume of hair.
The global diode laser for hair removal market Segmentation:
1) By Laser Type: Diode Laser, Nd: YAG Laser, and Alexandrite Laser.
2) By End-Use: Beauty Clinics, Dermatology Clinics, and Home Use.
North America Leads Diode Laser-Based Hair Removal Systems Market
North America holds the largest market share in 2021, in the diode laser-based hair removal systems market due to surging demand for hair removal treatments, the presence of well-established dermatology clinics, & the availability of various skilled professionals in the region. The increase in demand for hair removal procedures and well-established dermatology clinics within the region also drives the market. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the large population, especially in China and India.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
The global diode laser-based hair removal systems market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2020, GF Health Products, also known as Graham-Field, acquired a substantial share of Gendron, one of the country’s leading designers and manufacturers of mobile patient management.
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Key player’s profiles in the diode laser-based hair removal systems market report are Syneron Medical Ltd, Sciton, Inc, Alma Lasers, Ltd, Cynosure, Inc, Cutera Inc, Lumenis Ltd, Lutronic Corp, Lynton Lasers Ltd., Solta Medical, Inc, Strata Skin Sciences, Inc,
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