Europe Laser Hair Removal Market By Laser Type (Diode Laser, Nd:YAG Laser and Alexandrite Laser), By End Use (Beauty Clinics, Dermatology Clinics and Home Use), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Europe Laser Hair Removal Market would witness market growth of 34.9% CAGR during the forecast period (2020-2026). The market growth is positively impacted by the easy accessibility of technologically advanced products. New laser devices can emit higher wavelengths of light, allowing them to aim for melanin available in hair follicles. This reduces the risk of skin burns. These aspects are anticipated to boost the growth of the hair removal devices market in the next few years.
Increasing awareness in terms of personal appearance and growing health awareness among the global population is expected to boost the global laser hair removal product market in the next few years. In addition, the market growth is expected to be fueled due to the enhanced standard of living and increasing disposable income tremendously. Moreover, the demand for hair removal products is expected to witness a surge due to the supportive initiatives from the government in developing countries that encourage the companies to create advanced and innovative products.
Further, the growth of the laser hair removal market is boosted by technological discoveries & consistent R&D in the field of processing and cost-efficient production. Although, the growth of the laser hair removal market is expected to be hampered due to the accessibility of advanced beauty treatments, the inflated price of organic cosmetics & change in crude material supply. However, the leading market players are expected to observe lucrative growth opportunities due to the growing administrative support and regulations.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Dermatology Clinics Market by Country in 2019, thereby, achieving a market value of $27.2 million by 2026. The UK market is showcasing a CAGR of 33.9% during (2020 - 2026). Additionally, The France market is poised to grow at a CAGR of 37% 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
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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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