Diode Laser for Hair Removal Market: By Type (Single Mode Laser Diodes, DFB & DBR Lasers, Broad Area Lasers, Super Luminescent Lasers, Others), By Mode of Operation (Continuous Wave, Pulsed Mode), By Wavelength (Near Infrared, Blue, Green, Red, Others), Application (Communications & Optical Storage, Medical, Military & Defense, Industrial, Instrumentation & Sensor, Others) and Geography    

Diode Laser for Hair Removal Market Size was valued at USD 277.5 million in 2022 and is poised to grow at a significant CAGR of 9.5% over 2023-2029. The shifting trend towards maintaining optimal aesthetic beauty is one of the major drivers of the market. Various technological advancements in aesthetic lasers are also augmenting market growth. The easy availability of these devices in medical stores that offer personal care products is augmenting the product demand, thereby driving market growth. On the other hand, the growing number of FDA-approved products that are comparatively cheaper than the procedures will provide a growth opportunity for the market. Inflating disposable incomes and improving standards of living are increasing the focus of people on personal grooming. This, coupled with the rising popularity of targeted treatments, represents one of the key factors bolstering the market growth. Moreover, rapid urbanization, in confluence with the growing awareness about dermatology treatments, is also contributing to the market growth. The diode segment acquired the prominent revenue share of the laser hair removal market in 2021. The major revenue is credited to the high accuracy provided by these products. Diode lasers are capable of targeting a specific body part and efficiently damaging the hair without causing harm to the nearby skin of the area. Moreover, the product demand is expected to increase owing to the feasible time needed for removing hair as per the area of the body and volume of hair.

Diode Laser for Hair Removal Market Key Developments:

• In May 2021, Permobil has acquired Progeo, an Italian manufacturer specializing in ultralightweight diode laser-based hair removal systems for adults and children. A news announcement said the purchase would bolster Permobil's ultralightweight wheelchair offerings in Europe. At this time, Progeo chairs are not expected to be available for sale in North America.
• In March 2020, Invacare Corporation announced the launch of the Invacare® AVIVAâ„¢ FX Power Wheelchair, setting a new standard for the front-wheel drive power mobility market.