The Australia Laser Hair Removal Market size is expected to reach USD 2.23 billion by 2028, registering a CAGR of 6.7% over the forecast period, as per a new report by Grand View Research, Inc. According to Plastic Surgery Statistics Report, in Australia, laser hair removal is considered as one of the top five minimally invasive cosmetic procedures, with around 7,522 procedures performed in 2018. This has led to high demand for laser hair removal devices, which is expected to propel growth of overall market.
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.
Related Press Release@ Australia Laser Hair Removal Market Report
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
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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