LAMEA 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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Market Report Description
The Latin America, Middle East and Africa Laser Hair Removal Market would witness market growth of 36.3% CAGR during the forecast period (2020-2026). The growth of the laser hair removal market is propelled by the increasing concerns about facial hair, like hair development on lips, neck, chin, and sideburn area.
Laser hair removal refers to a generally utilized cosmetic treatment as it utilized highly concentrated light beams, which focus on hair follicles, absorbs the existing pigment, and damages the hair. Further, the growth of the market is also boosted by the easy accessibility of these tools in medical stores that provide personal care products which further increases the product demand.
The procedure of hair removal through exposure to pulses of laser light that eradicate the hair follicle is termed laser hair removal. It is considered as a type of laser device to destroy a person's body hair in beauty spas and hospitals around the world. The growth of the market is anticipated to be fuelled by the rising demand for non-invasive hair removal methods. Moreover, the market growth is also boosted by technological developments such as the advent of ultra-technology.
There is increasing adoption of FDA-approved laser hair removal devices among beauty centers due to the increasing demand for painless hair removal treatments. This treatment becomes efficient with the incorporation of the latest technologies. A few of the patients might need topical anesthesia while working in delicate areas. Red and swollen skin, which may appear like sunburn are some of the side-effects of laser treatments.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.36.3
The Brazil market dominated the LAMEA Home Use Market by Country in 2019, thereby, achieving a market value of $4.2 million by 2026. The Argentina market would witness a CAGR of 38.1% during (2020 - 2026). Additionally, The UAE market is showcasing a CAGR of 36.3% 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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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