South Korea Laser Hair Removal Market Size & Outlook
South Korea laser hair removal market, 2018-2030 (US$M)
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South Korea laser hair removal market highlights
- The South Korea laser hair removal market generated a revenue of USD 21.6 million in 2022 and is expected to reach USD 97.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 20.7% 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 21.6 million |
| Market revenue in 2030 | USD 97.3 million |
| Growth rate | 20.7% (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 Korea accounted for 2.3% 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 Asia Pacific, China laser hair removal market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 120.8 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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South Korea 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 39.35% in 2022. Horizon Databook has segmented the South Korea 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.
The laser hair removal market in South Korea is currently estimated to be valued as USD 0.01 billion and is expected to grow at a CAGR of 18.9%. The key market drivers include growing awareness, ageing population, and extremely beauty conscious citizens.
Advent of new technology is also adding scope for evolution for the new cosmetic procedure and the, cosmetic treatment fees in South Korea is approximately 40 to 80% cheaper than the other countries. This has sparked the international curiosity too; every year thousands of people travel to the country to undergo surgery.
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Target buyers of South Korea laser hair removal market databook
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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 Korea laser hair removal market , including forecasts for subscribers. This country databook contains high-level insights into South Korea laser hair removal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea laser hair removal market size, by laser type, 2018-2030 (US$M)
South Korea Laser Hair Removal Market Outlook Share, 2022 & 2030 (US$M)
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