PUBLISHER: IMARC | PRODUCT CODE: 1754154
PUBLISHER: IMARC | PRODUCT CODE: 1754154
The global hirsutism market size reached USD 3.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.6 Billion by 2033, exhibiting a growth rate (CAGR) of 5.97% during 2025-2033. The growing cases of bodily disorders, owing to the presence of excessive body hair in women, are propelling the market.
Novel Treatment Options
The market is experiencing advanced treatment modalities, on account of the rising emphasis on developing more effective and safer therapies. Besides this, the growing inclination towards targeted and non-invasive therapies, including laser hair removal, is also acting as a significant growth-inducing factor. In August 2024, Skin Lattice Clinic made an important stride in dermatological care by becoming the first clinic in Gurgaon, India, to introduce the FDA-approved Alma Titanium Pro laser hair removal technology for hirsutism. This cutting-edge technology, renowned for its advanced cooling system and precision targeting, delivers exceptional results with minimal discomfort.
Increasing Diagnosis and Awareness
Individuals are seeking diagnosis and treatment. This trend is bolstered by the availability of information online and educational campaigns, thereby leading to earlier detection and more proactive management. For example, in August 2024, the PCOS Awareness Association and Milan Laser Hair Removal collaborated to raise awareness and advocate for those affected by polycystic ovarian syndrome. This is positively influencing the hirsutism market outlook report.
Rising Demand for Aesthetic Treatments
The growing adoption of long-term solutions to excessive hair growth is catalyzing the market. Laser hair removal, in particular, has gained traction due to its relatively low risk of side effects and effectiveness. This is expanding the hirsutism market share. In August 2024, V Medical Aesthetics Group, a leader in Singapore's aesthetics industry, introduced tech-based hair growth solutions designed by doctors.
Procedures can provide permanent or long-term hair reduction. On the other hand, medications play an important role, especially for those with underlying hormonal imbalances. Moreover, they include anti-androgens and oral contraceptives. This is elevating the hirsutism market statistics.
Topical hair removal products currently hold the largest hirsutism market demand
The inflating requirement for convenient and non-invasive solutions to manage unwanted hair is propelling the growth of the segment. For instance, Nair introduced a series of topical hair removal creams that cater to various skin types and areas of the body. This is increasing the hirsutism market revenue.
Hospitals are generally equipped with advanced diagnostic tools and comprehensive care facilities. Additionally, clinics, including endocrinology and dermatology practices, are also significant players in this market. According to the hirsutism market forecast report, this is propelling the growth of this segment.
North America currently dominates the hirsutism market outlook
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
As per the hirsutism market analysis report, North America exhibits a clear dominance in the market. This can be attributed to the elevating awareness about the condition and the rising number of FDA approvals. In July 2024, Sun Pharmaceutical Industries received U.S. Food and Drug Administration (FDA) approval for Alopecia areata, which is characterized by hair loss.