Management of Hair Loss Market Size Share Estimation, Growth Strategies, Forthcoming Development Status and Forecast 2022- 2031

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.

In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:

As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation. 

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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.

Report Scope: 

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.

Competitive landscape

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.

Major Players

The Procter & Gamble Company
L’Oréal S.A.
Unilever
Taisho Pharmaceutical Co., Ltd.
Merck & Co., Inc”

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