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The Laser Hair Loss Treatment Market size is projected to increase by USD 76.77 million and the market size is estimated to grow at a CAGR of 5.2% between 2022 and 2027. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario. The increased prevalence of hair loss is driving the growth of the market. Men and women are commonly concerned about hair loss, which is driving a need for efficient treatment options. Conditions like male pattern baldness and female pattern hair loss affect a significant portion of the population globally, leading individuals to seek solutions like laser therapy. Moreover, various lifestyle and environmental factors can also impact hair health and contribute to hair loss, especially among younger people. The causes of hair loss and thinning can be stress, inadequate nutrition, treatment with a number of medicines, over-conditioning, or exposure to hot temperatures as well as environmental pollutants. The increased prevalence of hair loss has led to a higher demand for effective treatment options like laser hair loss treatment, which, in turn, will have a positive impact on the growth of the global market in focus during the forecast period.
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The practice of tailoring laser hair loss treatments to suit the unique requirements of each individual is gaining widespread acceptance worldwide. Healthcare professionals and providers now place greater emphasis on factors like the underlying causes and severity of hair loss, overall health status, and patient preferences to craft personalized treatment strategies. This personalized approach aims to maximize results and effectively address the specific concerns of every individual undergoing treatment. Consequently, the adoption of such personalized methodologies is expected to draw in a larger customer base and drive significant growth in the global laser hair loss treatment market during the projected period.
The cost of laser hair reduction treatment may differ from clinic to clinic, based on the therapy protocol and geographic location. Laser hair loss treatment typically requires multiple sessions over an extended period for optimal results. The number of sessions can vary, depending on the treatment protocol and the individual specific needs. The use of special laser devices or equipment, which can significantly increase the overall cost, may be part of each session.In many cases, laser hair loss treatment is administered in specialized clinics or medical facilities by trained professionals. The overall costs of treatment are calculated by taking into account the cost of these expert services, such as expertise and time spent by healthcare professionals. Thus, the high costs may deter many people with hair loss from availing of laser hair loss treatment, which may hamper the growth prospects of the market.
The market share growth by the men segment will be significant during the forecast period. The men's segment had the largest share in the global laser hair treatment market in 2022. The most common form of hair loss in males is pattern baldness also referred to as Androgenetic Alopecia. The higher prevalence of hair loss among men creates a higher demand for treatment options.
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The men's segment was valued at USD 151.43 million in 2017 and continued to grow until 2021. Men can experience stigmatization for hair loss, and individuals may find it socially challenging to maintain their hair or recover a receding hairline. Thus, societal expectations can drive the demand for hair loss treatments among males, which is expected to boost the growth of the global laser hair loss treatment market during the forecast period.
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America has a well-developed healthcare infrastructure with a presence of vendors that offer a wide range of hair loss treatment options. It is easier to find treatment centers and other providers offering laser hair loss and laser hair removal treatments. The research and development of hair loss has been a top priority in North America. One of the market's significant drivers is the rising consciousness among men and women about maintaining an attractive physical appearance. Further, the growth of the market is being stimulated by growing awareness about the safety advantages of aesthetic lasers. Growing technological advancements in aesthetic lasers are expected to fuel the growth of the market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The laser hair loss treatment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Laser Hair Loss Treatment Market Scope |
|
Report Coverage |
Details |
Page number |
145 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.2% |
Market growth 2023-2027 |
$ 76.27 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.67 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acibadem Healthcare Services, Aderans Co. Ltd., Curallux LLC, M.M.A. Ltd., Distefano Hair Restoration, Folica Hair Care, GETFUE Hair Transplantation Clinic, Hairline Diagnostics and Health Care Pvt. Ltd., Hair Restoration Ltd., Hair Transplants of Florida, ILHT Dubai, Laser Clinics Australia, LaserAway, Lexington International LLC, Limmer Hair Transplant Center, NovaGenix, Photomedex Inc., Schweiger Dermatology Group, Theradome Inc., and Venus Concept Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Gender
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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