Kenneth Research recently added a report on ‘Management of Hair Loss Industry Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Management of Hair Loss Industry Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Management of Hair Loss Industry Market products.
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“During the forecast period, the global hair loss treatment product market is expected to grow at a compound annual growth rate of 4% between 2022-2031: the main market driver is lifestyle changes and busy schedules will increase stress levels, which can lead to frequent hair loss. Young peoples hair loss Earlier, disposable income increased, and the emphasis on external appearance increased. The existence of alternative treatments for hair loss, such as hair transplant surgery, laser and light therapy, and high drug costs, will limit the market during the forecast period.
The global hair loss treatment product market is divided by distribution methods, such as supermarkets and hypermarkets, convenience stores, specialty stores, pharmacies, online retailers, etc.; main market trend: increasing attention to female hair loss Hair loss is faced by men and women all over the world A key question. Due to androgenetic alopecia or common male pattern baldness (MPB), men suffer from hair loss for a long time.
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However, recently, female hair loss is increasing due to external factors such as environmental pollution and chemical substances. According to data from the American Academy of Dermatology, 40% of women experience significant hair loss at the age of 40. In most cases, female hair loss affects their self-image and emotional health. Therefore, the American Hair Loss Association recognizes that female hair loss is a serious, life-changing condition that can no longer be ignored. Hormonal imbalances and diseases are the main causes of hair loss. In this case, hair loss usually reverses naturally because the subject will experience unpredictable patterns of growth and hair loss.
Asia-Pacific region dominates the market:
North America has a huge hair loss drug market, which will dominate the market during the forecast period, followed by Europe. According to the American Hair Loss Association, more than 80 million men and women suffer from hair loss in the United States alone. Organizations such as NAAF and the American Hair Loss Association have taken many positive initiatives. According to Eurostat data, by 2060, the EU population aged 15 to 60 is expected to decline, while the population over 60 is expected to increase from 18% to 30%. Similarly, in the United States, the aging population is expected to double to 98 million by 2060. The increase in hair loss caused by aging has strongly affected the growth of the market.
The hair loss treatment market is highly competitive, with a large number of international and regional companies competing for funds. Beauty and pharmaceutical companies are developing new formulations and product launches to keep up with the technological advances in new product launches.
The Procter & Gamble Company
Taisho Pharmaceutical Co., Ltd.
Merck & Co., Inc”
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