This study investigates the particle-size reduction of hexagonal boron nitride (hBN) suspensions under femtosecond-laser irradiation. We propose an in-line monitoring method that uses transmission spectroscopy (TS) in the visible wavelength region to evaluate the changes in particle-size distribution. The Ångström exponent (α), derived from the wavelength dependence of optical thickness, is employed as an indicator of particle-size reduction. The effectiveness of α is validated through comparison with particle-size distributions obtained by the particle tracking method. We demonstrate real-time monitoring of particle-size variation in a flow system using in-line TS measurements. The dependence of α on laser energy and hBN concentration is also investigated. Furthermore, we introduce an indicator, the average number of size-reduction events per particle (NSR), and a model for estimating it under various experimental conditions. The NSR indicator and the model for its derivation provide a unified understanding of the experimental results obtained under various conditions, such as treatment volume, laser energy, and hBN concentration, suggesting that they capture the essential aspects of laser propagation in the suspension and the particle-size reduction process. This study highlights the potential of α as an in-line process monitoring tool and the significance of the NSR indicator and its model in understanding the underlying mechanisms of laser processing for particle-size reduction in suspensions.