South Africa Laser Hair Removal Market Size & Outlook
South Africa laser hair removal market, 2018-2030 (US$M)
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South Africa laser hair removal market highlights
- The South Africa laser hair removal market generated a revenue of USD 17.3 million in 2022 and is expected to reach USD 49.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 14% 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 17.3 million |
| Market revenue in 2030 | USD 49.2 million |
| Growth rate | 14% (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, South Africa accounted for 1.9% 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 Middle East & Africa, South Africa laser hair removal market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 38.0 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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South Africa 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 38.73% in 2022. Horizon Databook has segmented the South Africa 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.
Increasing number of women in workforce, growing middle class population, and rising disposable income are some factors boosting market growth. Moreover, increasing urbanization is exhibiting positive trends for beauty and personal care, since urban consumers have high disposable income.
The country has rich cultural diversity along with rising awareness about personal care is expected to boost demand for laser hair removal. In addition, in South Africa, a nonprofit medical society called “The Aesthetic and Anti-aging Medicine Society of South Africa” is dedicated to establish good practice, control, and regulations of esthetic and antiaging medicine.
It is focused at building better relationships among different medical specialties. South Africa is also growing in the field of medical tourism. People across the world are travelling for availing treatment in South Africa as healthcare settings offer cost-effective services.
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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 South Africa laser hair removal market , including forecasts for subscribers. This country databook contains high-level insights into South Africa laser hair removal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa laser hair removal market size, by laser type, 2018-2030 (US$M)
South Africa Laser Hair Removal Market Outlook Share, 2022 & 2030 (US$M)
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