PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378604
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378604
Global Hair Loss Treatment Market is estimated to be valued at US$ 4.24 Billion in 2023, and is expected to exhibit a CAGR of 6.2% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2022 | Market Size in 2023: | US$ 4.24 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 6.20% | 2030 Value Projection: | US$ 6.48 Bn |
Hair goes through a cycle of growing, resting, falling out, and regenerating. A hair loss is defined by the disruption of this cycle, or the damage to hair follicle, resulting in quick loss of hair. Receding hairline, hair falling out in patches, or overall thinning are some of the visible symptoms of hair loss. There are several types of hair loss such as telogen effluvium, androgenetic effluvium, and alopecia, areata, tinea capitis, cicatricial alopecia, hair shaft abnormalities, hypotrichosis. Several methods are used for diagnosis of hair loss such as blood test, pull test, scalp biopsy, light microscopy, and others. The treatment of hair loss includes medication such as finasteride, minoxidil, and other drugs. Moreover, surgical procedures such as hair transplant, laser therapy, and others are also used for treatment of hair loss.
The key market players are focusing on adoption of organic growth strategies such as product launches and approval, and this is expected to drive the global hair loss treatment market growth over the forecast period. Moreover, increasing incidence of alopecia or hair loss is also expected to drive the global hair loss treatment market growth over the forecast period. Increasing research and development activitives by key market players androbust pipeline of drug candidates used in treatment of hair loss is expected to propel the market growth. Growing level of stress due to the ever-changing human lifestyle is one of the major factors contributing to hair loss that boostsdemand for hair loss treatment products across the globe. For instance, in February 2022, according to an article published by Springer Nature, an open-access medical and scientific journal, , the stress level increases with increase in the age, and around 20% - 25% people of age 18 and above have moderate amount of stress
Global Hair Loss Treatment Market Detailed Segmentation: