How Big is The Hirsutism Market:
IMARC Group, a leading market research company, has recently releases report titled “Hirsutism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that The global hirsutism market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.
What are Hirsutism?
Hirsutism represents a condition affecting females that cause excess hair growth on specific body parts, including the neck, chest, stomach, lower back, face, and thighs. It commonly occurs, owing to certain medical conditions, such as polycystic ovary syndrome (PCOS) and excess male hormones, called androgens. Hirsutism can be treated with topical hair removal products, medication, or via procedures, such as electrolysis, laser therapy, and hair removal equipment. Some of the common symptoms include balding, acne, deepening voice, receding hairline, decreased breast size, increased muscle mass, etc.
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Hirsutism Market Trends and Drivers:
The growing incidences of bodily disorders, on account of the presence of excessive body hair in women can cause cosmetic and psychological problems, are primarily driving the hirsutism market. Additionally, the escalating demand for hair removal procedures with lasers and intense pulsed light (IPL) equipment requiring several treatment sessions is further catalyzing the market growth. Besides this, leading manufacturers are focusing on introducing topical metformin-based therapeutics that act as an effective treatment for moderate to severe hirsutism in women with PCOS, which is acting as another significant growth-inducing factor.
Moreover, the expanding working women population and the increasing personal care expenditure capacities of consumers are positively influencing the global market. Apart from this, hirsutism generally occurs in postmenopausal women by androgen secretion from ovarian tumors or adrenal, thereby also augmenting the market growth. Furthermore, extensive R&D activities, the inflating popularity of laser hair removal techniques, and the rising prevalence of PCOS are anticipated to fuel the hirsutism market over the forecasted period.
Who are the key players operating in the industry?
- Alma Lasers Ltd (Sisram Medical Ltd)
- Alpaya Dermaceuticals
- Bayer AG
- Cutera Inc.
- Cynosure Inc.
- Lumenis Inc.
- Nisim International Inc. and Sciton Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Therapy Type:
Breakup by Products:
- Hair Removal Equipment
- Topical Hair Removal Products
Breakup by End User:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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