Laser Therapy is Fastest Growing Segment Fueling Growth of Hair Loss Treatment Market

 

The global Hair Loss Treatment Market is estimated to be valued at US$ 4.24 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Hair loss treatments help in slowing down the hair fall and enhancing hair regrowth. Various products available for hair loss treatment include shampoos, serums, lasers, medications, supplements etc. that nourish the scalp and strengthen hair follicles promoting hair growth.

Market Key trends:
Laser therapy has emerged as one of the most effective and fastest growing hair loss treatment segment. It involves use of low-level laser therapy comb or helmet for stimulating hair follicles and improving blood circulation in scalp. This non-invasive procedure has minimal to no side effects. Some other key trends include growing demand for herbal supplements and natural ingredients based hair loss treatments, preference for non-surgical and non-medical treatment options, and rising availability of at-home hair loss treatments kits.
Segment Analysis
The hair loss treatment market can be segmented into product type, mode of prescription, gender, and end-users. Based on product type, minoxidil products dominate the market owing to the effectiveness and higher acceptance of topical solutions in both males and females. Further, the minoxidil segment is anticipated to continue dominating the overall hair loss treatment market over the forecast period.

Key Takeaways
The global hair loss treatment market is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing product innovations and growing awareness regarding hair loss treatment options.

The global hair loss treatment market size is expected to reach US$ 4.24 Bn in 2023.

North America dominates the global hair loss treatment market owing to the high awareness levels regarding hair loss problems and easy availability of treatment options in the region. However, Asia Pacific is likely to witness the fastest growth over the forecast period due to growing disposable incomes and increasing inclination towards aesthetics.

Key players operating in the hair loss treatment market growth are Viviscal, Cipla Inc., Aclaris Therapeutics, Inc., Merck & Co., Inc., Daiichi-Sankyo Co., Ltd., Johnson and Johnson Services, Inc., Lexington International LLC, Vita-Cos-Med Klett-Loch GmbH, PureTech, Vitabiotics, Reddyâ€TMs Laboratories, Ranbaxy Laboratories Ltd., HCell Inc., Follica, Inc., Aurobindo Pharma, and Zydus Lifesciences Inc. Key players are focusing on new product launches and expansion strategies to strengthen their position in the global market.