Canada Laser Hair Removal Market Size & Outlook, 2022-2030
Canada laser hair removal market, 2018-2030 (US$M)
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Canada laser hair removal market highlights
- The Canada laser hair removal market generated a revenue of USD 63.0 million in 2022 and is expected to reach USD 256.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 19.2% from 2023 to 2030.
- In terms of segment, diode laser was the largest revenue generating laser type in 2022.
- Nd:YAG Laser is the most lucrative laser type segment registering the fastest growth during the forecast period.
Laser hair removal market data book summary
| Market revenue in 2022 | USD 63.0 million |
| Market revenue in 2030 | USD 256.8 million |
| Growth rate | 19.2% (CAGR from 2022 to 2030) |
| Largest segment | Diode laser |
| Fastest growing segment | Nd:YAG Laser |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diode Laser, Nd:YAG Laser, Alexandrite Laser |
| Key market players worldwide | Cynosure, Alma Lasers Ltd, Bausch Health Companies Inc, Cutera Inc, Candela Medical, Lumenis, Venus Group, Sinclair Pharma plc, UltraShape Ltd. (Syneron Medical) |
Other key industry trends
- In terms of revenue, Canada accounted for 6.8% of the global laser hair removal market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. laser hair removal market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 256.8 million by 2030.
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Laser Hair Removal Market Scope
Laser Hair Removal Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada laser hair removal market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laser hair removal market will help companies and investors design strategic landscapes.
Diode laser was the largest segment with a revenue share of 39.37% in 2022. Horizon Databook has segmented the Canada laser hair removal market based on diode laser, nd:yag laser, alexandrite laser covering the revenue growth of each sub-segment from 2018 to 2030.
High healthcare expenditure coupled with presence of advanced healthcare facilities is primarily pushing the laser hair removal market in Canada. According to an article by Global News, nearly 1 in every 5 women in Canada are dissatisfied with their appearance.
Moreover, availability of various laser hair removal-related products is anticipated to fuel market growth in the country. The Canadian Association of Medical Spas and Aesthetic Surgeons (CAMACS) recognizes the need for proper guidelines due to the increasing number of cosmetic procedures in non-clinical settings.
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Our clientele includes a mix of laser hair removal market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada laser hair removal market , including forecasts for subscribers. This country databook contains high-level insights into Canada laser hair removal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada laser hair removal market size, by laser type, 2018-2030 (US$M)
Canada Laser Hair Removal Market Outlook Share, 2022 & 2030 (US$M)
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