Hair Loss and Growth Treatment Market Size, Share, Growth, and Industry Analysis, By Type (Hair Loss and Growth Devices, Shampoos and Conditioners, Medicine Product), By Application (Home hold, Commercial), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Hair Loss and Growth Treatment Market Report Overview

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The global hair loss and growth treatment market size was USD 3479 million in 2021 and is expected to reach USD 5971.72 million by 2031, at a CAGR of 5.5% during the forecast period.

Hair loss and growth treatments encompass a range of products and technologies aimed at addressing hair loss and promoting hair growth. These treatments include hair loss and growth devices, shampoos and conditioners, and medicine products. They are used both in household settings and in commercial establishments such as salons and clinics. These treatments offer various benefits, including stimulating hair follicles, nourishing the scalp, and preventing hair loss.

The demand for hair loss and growth treatments is increasing due to several factors. Firstly, the rising prevalence of hair loss issues among both men and women is driving market growth. Factors such as stress, changing lifestyle patterns, and hormonal imbalances contribute to hair loss, leading to a growing demand for effective treatments. Additionally, the increasing focus on personal grooming and appearance enhancement is propelling the demand for hair loss and growth treatments. Consumers are seeking products and services that can help them maintain healthy and voluminous hair, leading to the growth of the market.

COVID-19 Impact: Surge in Demand Due to Increased Awareness for Self-Care

The COVID-19 pandemic has had an unprecedented and staggering impact on the hair loss and growth treatment market, with higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR can be attributed to the market's growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had a significant impact on the market. The disruptions in supply chains and manufacturing operations during the pandemic led to temporary shortages of certain products and delayed the launch of new treatments. However, the pandemic also created a heightened awareness among individuals about the importance of self-care, including hair health. This increased focus on personal grooming and self-care, combined with the gradual easing of restrictions and the recovery of the global economy, has contributed to the market's rapid rebound.

Latest Trends

"Utilization of Micro-Needling Techniques to Stimulate Hair Follicles"

The market is witnessing several trends and innovations. Technological advancements have led to the development of advanced hair loss and growth devices that utilize laser therapy, low-level light therapy, or micro-needling techniques to stimulate hair follicles and promote hair growth. These devices offer convenient and non-invasive solutions for individuals seeking effective treatments.

Additionally, there is a growing trend towards natural and organic hair loss and growth products, with companies launching shampoos, conditioners, and medicine products made from botanical extracts and other natural ingredients. The market is also witnessing an increase in the adoption of personalized hair care solutions, with companies offering customized treatments tailored to individual needs.

Hair Loss and Growth Treatment Market Segmentation

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•  By Type Analysis

The market can be segmented into three main types: hair loss and growth devices, shampoos and conditioners, and medicine products.

Hair loss and growth devices, such as laser combs and helmets, are gaining popularity due to their non-invasive nature and ability to stimulate hair follicles. Shampoos and conditioners formulated specifically for hair loss and growth are widely used in daily hair care routines. Medicine products, including oral medications and topical solutions, are prescribed by healthcare professionals to address the underlying causes of hair loss and promote regrowth.

• By Application Analysis

The market can be divided into two main application segments: household and commercial.

In households, individuals use these treatments as part of their personal care routines. The commercial segment includes salons, clinics, and spas, where professionals provide specialized hair loss and growth treatments to clients. The commercial application segment is expected to witness significant growth due to the rising demand for professional hair care services and advanced treatment options.

Driving Factors

"Impact of Changing Lifestyle Patterns Influencing the Market"

Changing lifestyle patterns, including high-stress levels and unhealthy habits, contribute to hair loss issues. These factors, along with hormonal imbalances, further exacerbate the problem. However, the market has been positively influenced by these changing lifestyle patterns. Technological advancements provide individuals with more effective and convenient solutions. Advanced devices, innovative medications, and natural products cater to the growing demand and empower individuals to address their hair-related concerns.

"Increasing Beauty Consciousness Shaping Market Growth"

The increasing beauty consciousness and emphasis on self-presentation have led to heightened demand for these treatments. People are more conscious of their hair's appearance and actively seek products and services to enhance its health and volume. The market has responded to this trend by introducing a wide range of specialized hair loss and growth products, devices, and treatments that cater to individuals' diverse needs and preferences.

Restraining Factors

"Affordability and Reimbursement Issues Pose Challenges in Market Expansion"

One of the main restraining factors for the market is the high cost associated with advanced treatments. While there are various treatment options available, some of the more advanced devices and medications may have a significant price tag, limiting their accessibility for certain individuals. Affordability and reimbursement issues may pose challenges to the widespread adoption of these treatments.

Hair Loss and Growth Treatment Market Regional Insights

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"North America Leads Due to High Rate of Hair Loss Issues"

North America emerges as the leading region in the market. This can be attributed to several key factors that contribute to the region's dominance. Firstly, North America experiences a high prevalence of hair loss issues among its population. Factors such as genetic predisposition, hormonal imbalances, and lifestyle patterns contribute to the significant number of individuals seeking hair loss and growth treatments in the region. As a result, the demand for effective solutions is consistently high, driving the growth of the market.

On the other hand, the Asia Pacific region is poised for significant growth in the market. Several factors contribute to this growth projection. Firstly, there is an increasing awareness of hair loss treatments among the population in the region. As individuals become more informed about the available solutions for hair loss and growth, they are actively seeking professional advice and investing in appropriate treatments. This heightened awareness drives the market's expansion.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Procter & Gamble (U.S.)
• L'Oréal (France)
• Unilever (U.K.)
• Taisho (Japan)
• Henkel (Germany)
• Merck (Germany)
• Shiseido (Japan)
• Johnson & Johnson Consumer Inc. (U.S.)
• Rohto (Japan)
• Lifes2Good (Ireland)
• Gerolymatos International (Greece)
• Toppik (U.S.)
• Nanogen (U.K.)
• Oxford BioLabs Ltd. (U.K.)
• Ultrax Labs (U.S.)
• Avalon Natural Products (U.S.)
• Bayer (Germany)
• Pharma Medico (Denmark)
• Kirkland Signature (U.S.)
• Phyto Ales Group (France)
• Amplixin (U.S.)
• Kerafiber (U.K.)
• Phyto (France)
• Keranique (U.S.)
• DS Healthcare Group (U.S.)
• Kaminomoto (Japan)
• Softto (China)
• Bawang (China)
• Zhang Guang (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.