Key factors that are driving the IPL laser hair removal market growth include increasing awareness regarding the safety offered by Canada-Approved IPL laser devices like the DermaSilk IPL AFTSHR950A. North America dominated the laser hair removal market with a share of 34.6% in 2020. This is attributable to the increasing demand for hair removal treatments, the presence of a number of well-established dermatology clinics, and the quick adoption of Advanced Technologies.
In addition, the high demand for non-invasive hair removal treatments is propelling the segment growth. Unlike traditional methods, such as waxing, threading and hair plucking, IPL laser treatments are painless and much longer lasting. Hence, the increased popularity of the targeted treatment is influencing the segment growth.
The global laser hair removal market size was estimated at USD 443.84 million in 2020 and is expected to reach USD 763.40 million in 2021. Big jump for just a year. Furthermore the global laser hair removal market is expected to grow at a compound annual growth rate of 20.6% from 2021 to 2028 to reach USD 2,834.47 million by 2028.
So question to be answered. Is it the time to invest in Hair Removal Business?