In addition, majority of the laser treatments to improve physical appearance are noninvasive, which is leading to high demand for these techniques, as they cause less pain. Key market players are focusing on the development of new products, thus increasing the availability of advanced laser hair removal techniques in the market.
Laser hair removal techniques are constantly undergoing significant improvements, which have made devices more efficient and cost-effective. For instance, with recent advancements, the laser hair removal technique delivers effective results in a minimum number of sessions, unlike repeated numerous sessions that were required earlier. Newly designed devices work effectively on all skin types.
Australia Laser Hair Removal Market Highlights
- On the basis of type, the market has been divided into diode, Nd:YAG, and alexandrite lasers
- The diode laser segment held the maximum revenue share of 40% in 2020 owing to the high precision offered
- In addition, they can selectively target a particular body part and effectively remove the hair without harming the surrounding skin of the area
- Moreover, the reasonable time required for the overall procedure according to the body area and volume of hair is augmenting the product demand
- Beauty clinics was the largest end-use segment with a revenue share of 54% in 2020 owing to specialty services provided in these settings
- Beauty clinics are also anticipated to witness the fastest CAGR during the forecast period
Table of Contents
Companies Mentioned
- Silk Laser Clinics
- Results Laser Clinics
- Advanced Clinics Australia
- Australian Skin Clinic
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 60 |
Published | October 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 1.41 billion |
Forecasted Market Value ( USD | $ 2.23 billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Australia |
No. of Companies Mentioned | 4 |