Global laser hair loss treatment market is expected to grow at a significant CAGR in the
upcoming period as the scope and its applications are rising enormously across
the globe. Laser hair loss treatment is used to stop major hair loss using
laser therapy that irradiates photons into scalp tissues, medications like
finasteride and minoxidil, and hair transplant surgery. It helps to revitalize
stimulation and circulation that encourages hair follicles to grow hair.
The factors that are
playing a major role in the growth of the market are the growing disposable
income; busy lifestyle raised the demand for easy-to-use solutions, growing
aging populace and hair loss problems among youngsters, and the rising demand
for enhanced technological treatments. However, the presence of alternatives
and the high cost of the treatment may restrain overall market growth in the
years to come. Laser hair loss treatment market is segmented based on product
type, end-user, and region.
Cold laser therapy and
low-level laser therapy are the product types that could be explored in laser
hair loss treatment market in the forecast period. The market could be
categorized based on end-users like females and males that could be explored in
laser hair loss treatment in the forecast period. The male sector accounted for
the substantial market share of laser hair loss treatment and is estimated to
lead the overall market in the years to come. The reason behind the overall
market growth could be the loss of hair is more in males in comparison to
females.
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Globally, North America accounted for
the substantial market share of laser hair loss treatment and is estimated to
lead the overall market in the years to come. The reason behind the overall
market growth could be the presence of key manufacturers in the region,
confirming the rising availability of products, and the acceptance of low-level
laser technology. The United States and Canada are the major consumers of laser
hair loss treatment in this region.
Europe and the Asia Pacific are also
estimated to have a positive influence on future growth. Europe is the second
largest region with significant market share. However, Asia Pacific is
estimated to grow at the highest CAGR in the forecast period. The developing
countries like India and China are the major consumers of laser hair loss
treatment in this region.
The key players of laser hair loss
treatment market are NutraStim, Apira Science, iRestore, Capillus, HairMax, and
Eclipse Aesthetics. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
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