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Laser Hair Loss Treatment Market

Laser Hair Loss Treatment Market

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

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Laser Hair Loss Treatment – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report.

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, stops or reverses the hair loss. Laser therapy constitutes a sophisticated medical therapy involving use of high precision focused lasers for treating specific areas with abnormal growths or tumours. The precision of laser ensures that damage due to therapy is minimal, far lesser than conventional surgery methods. However, laser therapy is expensive.

Despite this, laser technology gained considerable traction over the past few years, for treating hair loss. Lasers are being used for removing blockages at hair roots which prevent blood circulation. Treatment with laser is also known to fortify hair and enhance hair shine and elasticity. Both low- and medium-level lasers are used for laser treatment for alopecia, with low-level lasers accounting for a major share in the overall market.

Low-level laser light treatment (LLLT) which is otherwise known as cold laser treatment or red light treatment radiates photons within the scalp tissues and the weak cells present inside the scalp soak up the photons and promote hair growth. Therefore the low-level laser treatment is a broadly approved hair growth procedure that is tolerable, less invasive, and safe compared to other hair transplant surgeries.

Amid the COVID-19 crisis, the global market for Laser Hair Loss Treatment estimated at US$248.8 Million in the year 2020, is projected 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 projected to grow at a 4.5% CAGR to reach US$254.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Female segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global Laser Hair Loss Treatment market.

The U.S. Market is Estimated at $90.9 Million in 2021, While China is Forecast to Reach $31.3 Million by 2026

The Laser Hair Loss Treatment market in the U.S. is estimated at US$90.9 Million in the year 2021. The country currently accounts for a 35.73% share in the global market. China, the world second-largest economy, is forecast to reach an estimated market size of US$31.3 Million in the year 2026 trailing a CAGR of 5.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while the Rest of the European market (as defined in the study) will reach US$33.2 Million by the close of the analysis period.

The market is anticipated to witness a steady rise over the coming years driven by the factors such as the increasing prevalence of hair loss, including alopecia, and the rise in the prevalence of chronic diseases that trigger hair loss and technological advancements in treatments.

Pattern hair loss constitutes the common hair loss type among both females and males. Lifestyles becoming busier, ageing population, and growing demand for solutions that are easy-to-use are some of the factors promoting growth for laser hair loss treatments market. Laser offers a quicker and more effective impact on new hair follicles growth.

Another major factor driving market growth is the growing number of initiatives of organizations like the American Hair Loss Association and the National Alopecia Areata Foundation among others, for increasing awareness about the available options for hair regrowth.

Demand for non-invasive and painless treatment options is also fuelling demand for treatments like laser hair loss treatment. Other growth drivers include more and more companies entering the field, increased market availability of advanced products, and growing disposable incomes of people. The number of clinics for speciality hair care, offering laser therapies, has increased in almost all countries worldwide. Consumers have also been showing much confidence in some of the technologically advanced laser options developed recently for laser hair loss treatment.

The visibility of laser hair loss treatment products had also increased in recent years. They are now easily available at all supermarkets and hypermarkets in developed as well as developing countries, which also significantly improved market growth prospects.

Growing preference among consumers towards treating hair loss issues at home to the expensive treatments offered at specialized hair loss clinics also promotes market growth for home laser therapy devices. The increasing proliferation of alternatives to laser hair loss treatment, however, hold the potential to hinder anticipated growth for the market. Laser technology-based treatments are also not prescribed for people already on medicines for skin conditions and people with light-sensitive skin, which is another barrier to market growth.

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

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Laser Hair Loss Treatment Market

Laser Hair Loss Treatment Market

/in /by

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

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Laser Hair Loss Treatment – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report.

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, stops or reverses the hair loss. Laser therapy constitutes a sophisticated medical therapy involving use of high precision focused lasers for treating specific areas with abnormal growths or tumours. The precision of laser ensures that damage due to therapy is minimal, far lesser than conventional surgery methods. However, laser therapy is expensive.

Despite this, laser technology gained considerable traction over the past few years, for treating hair loss. Lasers are being used for removing blockages at hair roots which prevent blood circulation. Treatment with laser is also known to fortify hair and enhance hair shine and elasticity. Both low- and medium-level lasers are used for laser treatment for alopecia, with low-level lasers accounting for a major share in the overall market.

Low-level laser light treatment (LLLT) which is otherwise known as cold laser treatment or red light treatment radiates photons within the scalp tissues and the weak cells present inside the scalp soak up the photons and promote hair growth. Therefore the low-level laser treatment is a broadly approved hair growth procedure that is tolerable, less invasive, and safe compared to other hair transplant surgeries.

Amid the COVID-19 crisis, the global market for Laser Hair Loss Treatment estimated at US$248.8 Million in the year 2020, is projected 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 projected to grow at a 4.5% CAGR to reach US$254.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Female segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global Laser Hair Loss Treatment market.

The U.S. Market is Estimated at $90.9 Million in 2021, While China is Forecast to Reach $31.3 Million by 2026

The Laser Hair Loss Treatment market in the U.S. is estimated at US$90.9 Million in the year 2021. The country currently accounts for a 35.73% share in the global market. China, the world second-largest economy, is forecast to reach an estimated market size of US$31.3 Million in the year 2026 trailing a CAGR of 5.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while the Rest of the European market (as defined in the study) will reach US$33.2 Million by the close of the analysis period.

The market is anticipated to witness a steady rise over the coming years driven by the factors such as the increasing prevalence of hair loss, including alopecia, and the rise in the prevalence of chronic diseases that trigger hair loss and technological advancements in treatments.

Pattern hair loss constitutes the common hair loss type among both females and males. Lifestyles becoming busier, ageing population, and growing demand for solutions that are easy-to-use are some of the factors promoting growth for laser hair loss treatments market. Laser offers a quicker and more effective impact on new hair follicles growth.

Another major factor driving market growth is the growing number of initiatives of organizations like the American Hair Loss Association and the National Alopecia Areata Foundation among others, for increasing awareness about the available options for hair regrowth.

Demand for non-invasive and painless treatment options is also fuelling demand for treatments like laser hair loss treatment. Other growth drivers include more and more companies entering the field, increased market availability of advanced products, and growing disposable incomes of people. The number of clinics for speciality hair care, offering laser therapies, has increased in almost all countries worldwide. Consumers have also been showing much confidence in some of the technologically advanced laser options developed recently for laser hair loss treatment.

The visibility of laser hair loss treatment products had also increased in recent years. They are now easily available at all supermarkets and hypermarkets in developed as well as developing countries, which also significantly improved market growth prospects.

Growing preference among consumers towards treating hair loss issues at home to the expensive treatments offered at specialized hair loss clinics also promotes market growth for home laser therapy devices. The increasing proliferation of alternatives to laser hair loss treatment, however, hold the potential to hinder anticipated growth for the market. Laser technology-based treatments are also not prescribed for people already on medicines for skin conditions and people with light-sensitive skin, which is another barrier to market growth.

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

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Laser Hair Loss Treatment Market

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Laser Hair Loss Treatment Market Trajectory Surviving Through Intense Economic Backlash 2019-2026

The global Laser Hair Loss Treatment market focuses on encompassing major statistical evidence for the Laser Hair Loss Treatment industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market.

A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Laser Hair Loss Treatment study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.

This intelligence and 2026 forecasts Laser Hair Loss Treatment industry report further exhibits a pattern of analyzing previous data sources gathered from reliable sources and sets a precedented growth trajectory for the Laser Hair Loss Treatment market. The report also focuses on a comprehensive market revenue streams along with growth patterns, analytics focused on market trends, and the overall volume of the market.

The study covers the following key players:

NutraStim
Eclipse Aesthetics
HairMax
iRestore
Capillus
Apira Science

Moreover, the Laser Hair Loss Treatment report describes the market division based on various parameters and attributes that are based on geographical distribution, product types, applications, etc. The market segmentation clarifies further regional distribution for the Laser Hair Loss Treatment market, business trends, potential revenue sources, and upcoming market opportunities.

Market segment by type, the Laser Hair Loss Treatment market can be split into,

Type 1
Type 2
Type 3

Market segment by applications, the Laser Hair Loss Treatment market can be split into,

For women
For men

The Laser Hair Loss Treatment market study further highlights the segmentation of the Laser Hair Loss Treatment industry on a global distribution. The report focuses on regions of North America, Europe, Asia, and the Rest of the World in terms of developing business trends, preferred market channels, investment feasibility, long term investments, and environmental analysis.

The Laser Hair Loss Treatment report also calls attention to investigate product capacity, product price, profit streams, supply to demand ratio, production and market growth rate, and a projected growth forecast.

In addition, the Laser Hair Loss Treatment market study also covers several factors such as market status, key market trends, growth forecast, and growth opportunities. Furthermore, we analyze the challenges faced by the Laser Hair Loss Treatment market in terms of global and regional basis. The study also encompasses a number of opportunities and emerging trends which are considered by considering their impact on the global scale in acquiring a majority of the market share.

The study encompasses a variety of analytical resources such as SWOT analysis and Porters Five Forces analysis coupled with primary and secondary research methodologies. It covers all the bases surrounding the Laser Hair Loss Treatment industry as it explores the competitive nature of the market complete with a regional analysis.

Laser Hair Loss Treatment Market Trajectory Surviving Through Intense Economic Backlash 2019-2026

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WONTECH Receives FDA Clearance for HairBoom Air

Laser Hair Loss Treatment Market

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Global Laser Hair Loss Treatment Market

The global market for laser hair loss treatment is likely to expand at a steady pace in the next few years, thanks to the steady rise in the number of companies foraying into the field and the increased availability of technologically advanced products in the global market.

The steady rise in the numbers of speciality hair care clinics across the globe and rising consumer confidence in technological interventions for hair loss treatments are also leading to an increased demand for effective laser hair loss treatments from across the globe.

Other factors such as busy lifestyles of the global population and the increased demand for easy-to-use and quicker solutions for treatment of hair loss are also benefitting the demand for laser devices treating hair loss as these devices promise a more effective and quicker impact when it comes to growing new hair follicles.

Increased visibility of these products through advanced retail outlets such as hypermarkets and supermarkets in emerging economies is also significantly improving the growth prospects of the market.

Moreover, the rising preference of consumers to home treatments over the highly expensive treatments undertaken at specialized clinics is also acting as a promising growth driver for the market.

Besides, a number of total hair transplant methods are beyond the financial capacities of a larger part of the world’s population and several clinic-based treatments are either invasive or are based on chemicals. With the help of laser treatments, several of these issues are taken care of, thus leading to increased preference.

While the market presently acquires a large share of its revenue from developed economies in regions such as North America and Europe, a large share of demand is also being served from emerging economies across regions such as Latin America and Asia Pacific. Asia Pacific, especially is likely to emerge as one of the leading regional markets over the next few years.

Global Laser Hair Loss Treatment Market: Overview

Laser therapy is typically a non-invasive medical procedure that utilizes light of a specific wavelength to treat different conditions or diseases. This procedure is extensively used in the removal of tumours or abnormal growth, hair treatment, removal of kidney stones, and repair of a detached retina among others. Laser therapy is regarded as an advanced kind of medical therapeutics. In medical procedures, laser enables surgeons with the capacity to work at high levels of precision by allowing them to focus on a specific area.

This process results in lower damage as compared to the traditional methods of surgery. However, any process using laser therapy is an expensive one and may require repeated visits to the surgeon. Laser technology for hair loss is gaining substantial traction, as lasers can be used to remove blockages for proper circulation of blood at the roots of the hair. Laser treatments additionally help in fortifying hair strength and improving its elasticity and shine.

The report provides a comprehensive analysis of the laser hair loss treatment market’s segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities for supplier.

This report also examines the technologies, markets and factors influencing the markets for laser hair loss treatments. Market forecasts are based on historical activity and current opportunities, technical advances and challenges.

Global Laser Hair Loss Treatment Market: Key Trends

In this briskly changing world, due to extremely busy and changing lifestyles and the need for swift solutions is expected to provide an opportunity for vendors of hair treatment devices to develop products, which cater to the changing needs of the customers. A large number of technological advancements are leading to the development of solutions such as portable laser devices with features such as home treatments.

The market is witnessing a surge in the trend for treating hair loss at homes due to its cost-effectiveness as compared to clinical laser treatments. A substantial number of customers cannot afford a total hair transplant as its cost is significantly high. Additionally, the treatments used in clinics are invasive treatments, which are expensive and time-consuming.

Another leading trend in the laser hair loss treatment market is the increase in non-invasive therapies. Invasive therapies are regularly used in hair loss treatment, but these procedures are expensive and cause discomfort to patients.

Non-invasive therapies, on the other hand, are procedures, which does not require an incision in the human body and are painless therapies. Less pain, small incision, reduced hospital stays, and fast recovery is some of the major reason for the growing demand for non-invasive therapies.

Global Laser Hair Loss Treatment Market: Market Potential

The rise in the preference for advanced laser-based treatment for various diseases is expected to drive the market growth in the coming years. Increasing disposable income and rise in the demand for laser treatments in developed economies are expected to provide significant growth opportunities during the forecast period.

The hair loss home treatment devices are expensive because of the technology used in them. New innovations are making these devices safe to be used at home. These devices do not require any training before use. Awareness of these devices is created by e-commerce platforms with portable devices being sold on e-commerce websites. The increase in e-commerce will also fuel the growth of home care products. These websites increase the reach of vendors and make it easy for them to sell products in the international market.

Global Laser Hair Loss Treatment Market: Regional Outlook

On the basis of geographical segmentation, the global laser hair loss treatment market has been segmented into- Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa.

Global Laser Hair Loss Treatment Market: Competitive Analysis

Key market vendors operating in the global laser hair loss treatment market are iRestore, Eclipse Aesthetics, Capillus, NutraStim, Apira Science, and HairMax.

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Global Laser Hair Loss Treatment Market

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