Hair Loss

Global Laser Hair Loss Treatment Market to Reach $318.4 Million by 2026

Global Laser Hair Loss Treatment Market to Reach $318.4 Million by 2026

What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors
  • Market presence in multiple geographies – Strong/Active/Niche/Trivial
  • Peer-to-peer collaborative online interactive updates
  • Access to our digital archives and the MarketGlass research platform
  • Free updates for one year

Editing: 8; Published: February 2022
Executive Pool: 356
Companies: 38 – Players covered include Apira Science, Inc.; Capillus LLC; Eclipse Aesthetics LLC; HairMax; iRestore Hair Growth System; NutraStim and others.
Blanket: All major geographies and key segments
segments: End use (male, female)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

Free Project Preview – This is an ongoing global program. Preview our research program before making a purchasing decision. We provide free access to qualified executives in strategy, business development, sales and marketing, and product management roles at featured companies. Insights provide insider access to business trends; competing brands; profiles of experts in the field; and market data models and much more. You can also create your own bespoke report using our MarketGlass™ platform which offers thousands of bytes of data with no obligation to purchase our report. Registry overview

ABSTRACT-

Global Laser Hair Loss Treatment Market to Reach $318.4 million by 2026
Treatments such as hair transplant surgery, medications like finasteride (Propecia) and minoxidil (Rogaine), and laser therapy, stop or reverse hair loss. Laser therapy is a sophisticated medical therapy involving the use of high precision focused lasers to treat specific areas with abnormal growths or tumors. The precision of the laser ensures that damage from therapy is minimal, far less than conventional surgery methods. However, laser therapy is expensive. Despite this, laser technology has gained popularity in recent years to treat hair loss. Lasers are used to remove blockages at the hairline that prevent blood flow. Laser treatment is also known to strengthen hair and improve shine and elasticity. Low and mid-level lasers are used for laser treatment of alopecia, with low-level lasers accounting for a significant share of the overall market. Low Level Laser Light Treatment (LLLT), also known as cold laser treatment or red light treatment, emits photons into the scalp tissues and weak cells present inside the skin scalp absorb photons and promote hair growth. Therefore, low intensity laser treatment is a widely approved hair growth procedure that is tolerable, less invasive and safe compared to other hair transplant surgeries.

Amid COVID-19 Crisis, Global Laser Hair Loss Treatment Market Estimated at US$264 million in 2022, is expected to reach a revised size of US$318.4 million by 2026, growing at a CAGR of 4.3% over the analysis period. Male, one of the segments analyzed in the report, is expected to grow at a CAGR of 4.5% to reach US$254.2 million at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Women’s segment is readjusted to a revised CAGR of 3.6% for the next 7-year period. This segment currently accounts for a 24.9% share of the global laser hair loss treatment market. Laser treatment against hair loss is currently the most used by men. Globally, approximately 40% of men suffer from some degree of hair loss or thinning hair due to aging. At age 60, men lose about 65% of their hair. The laser hair loss treatment market is also propelled by the increasing concerns of women regarding hair loss. Chief among these factors are the use of more chemical-induced cosmetics and increased environmental pollution. Over the next few years, the female alopecia treatment market will witness the fastest growth due to increasing incidences of PCOS and PCOS and stress levels in women that trigger hair loss .

The US market is estimated at $94.2 million in 2022, when China is expected to reach $31.3 million by 2026
The US Laser Hair Loss Treatment Market is estimated at US$94.2 million in 2022. The country currently accounts for a 35.73% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$31.3 million in 2026 with a CAGR of 5.3% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 3.5% and 4.5% respectively over the analysis period. In Europe, Germany is expected to grow around 3.4% CAGR while the rest of the European market (as defined in the study) will reach US$33.2 million at the end of the analysis period.

The market is expected to witness a steady increase over the next few years, driven by factors such as the increasing prevalence of hair loss, including alopecia, and the increasing prevalence of chronic diseases that trigger hair loss and technological advances in treatments. Pattern hair loss constitutes the common type of hair loss among females and males. Increasingly busy lifestyles, aging population, and growing demand for easy-to-use solutions are some of the factors driving the growth of the laser hair loss treatment market. The laser offers a faster and more effective impact on the growth of new hair follicles. Another major driver of market growth is the growing number of initiatives by organizations such as the American Hair loss Association and the National Alopecia Areata Foundation, among others, to increase awareness of the options available for hair regrowth. The demand for non-invasive and painless treatment options is also fueling the demand for treatments such as laser hair loss treatment. Other growth drivers include the increase in the number of companies entering the field, the increased availability in the market of advanced products, and the increase in people’s disposable incomes. The number of clinics specializing in hair care, offering laser therapies, has increased in almost all countries of the world. Consumers have also shown great confidence in some of the technologically advanced laser options developed recently for laser hair loss treatment.

The visibility of laser hair loss treatment products has also increased in recent years. They are now readily available in all supermarkets and hypermarkets in developed and developing countries, which has also significantly improved the growth prospects of the market. Growing consumer preference for treating hair loss problems at home over expensive treatments offered at hair loss clinics is also driving the growth of the home laser therapy device market. However, the increasing proliferation of alternatives to laser hair loss treatment can potentially hamper the anticipated growth of the market. Laser technology based treatments are also not prescribed for people who are already taking medications for skin conditions and people with light sensitive skin, which is another barrier to market growth. Continued

MarketGlass™ Platform
Our MarketGlass™ platform is a free comprehensive knowledge center that can be custom configured to meet the intelligence needs of today’s busy business executives! This interactive, influencer-focused research platform is at the heart of our core research engagements and draws on the unique perspectives of participating executives from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; profiles of competitive companies; interactive research modules; custom report generation; follow market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow domain events around the world; and much more. Client companies will have privileged access to the project’s data stacks. Currently used by over 67,000 domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our mobile application which has just been released on iOS Where android

About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
E-mail: [email protected]

CONNECTIONS
Join our group of experts
https://www.strategyr.com/Panelist.asp

Connect with us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow us on twitter
https://twitter.com/marketbytes

Journalists and media
[email protected]

SOURCE Global Industry Analysts, Inc.