The global laser hair removal market size was valued at USD 798.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.4% from 2022 to 2030. The shifting trend toward maintaining optimal aesthetic beauty is one of the major drivers of the market.

Moreover, increasing awareness regarding the safety offered by aesthetic lasers is fueling the market growth. Laser hair removal is a medical procedure that uses a concentrated beam of light (laser) to remove unwanted hair. During laser hair removal, a laser emits light that is absorbed by the pigment (melanin) in the hair. The light energy is converted to heat, which damages the tube-shaped sacs within the skin (hair follicles) that produce hairs. This damage inhibits or delays future hair growth.