The increasing understanding of hormonal imbalances causing excessive hair growth is leading to several trends in the Hirsutism Treatment Market. One notable trend is the growing demand for hormonal therapies. Hormonal treatments like oral contraceptives and anti-androgen medications have gained popularity since hirsutism is often implicated with increased levels of androgens. Another important trend observed in the Hirsutism Treatment Market is an increase in laser and light-based therapies. Technological improvements have seen lasers or intense pulsed light devices used to damage hair follicles by removing them, thus providing a long-lasting solution for hirsutism, which reduces hair growth and improves looks on affected areas. This reflects more cosmetic/aesthetic-oriented approaches to treating hirsutism.
Another area of focus in the market has been on topical medications. Eflornithine hydrochloride-based topical creams are becoming popular due to their ability to slow down hair growth by inhibiting specific enzymes within hair follicles. Lifestyle interventions have also become crucial in the Hirsutism Treatment Market lately. Medical professionals now understand how weight management, dieting, and physical activities impact hormone balance, thus improving major symptoms of hirsutism. The market is also characterized by advances made in diagnostic tools and screening techniques for detecting hirsutism cases early enough before they become severe. A better diagnosis helps medical practitioners identify what's behind excessive body hair growing more easily, implying a more focused approach to personalized therapy. This reflects the desire to ensure that hirsutism is diagnosed with more precision and that treatment is done appropriately.
Moreover, patient education and advertising campaigns have shaped the Hirsutism Treatment Market greatly. They have played a significant role in increasing awareness among individuals concerning hirsutism, its causes, and available remedies, hence leading to early intervention and better patient outcomes. Collaborations with pharmaceutical firms, research institutions, and healthcare organizations are other significant trends in this market. These partnerships aim to fast-track the development of new treatment options and make hirsutism treatments more accessible. Finally, there is an increased interest in herbal treatment for hirsutism or alternative medicine as people seek natural ways to reduce excessive hair growth. While investigations into these areas continue, it indicates a consumer leaning towards holistic approaches and non-conventional healthcare compositions.
Market Scenario:
The Hirsutism Treatment Market is anticipated to reach USD 8,198.6 Million by 2030 at 14.9% CAGR during the forecast period 2022-2030.Hirsutism is a condition of excessive, unwanted, and male-pattern hair growth in women. Hirsutism results in unwanted hair growth on body areas such as face, stomach, back, and chest. About 5% of US women have hirsutism.
Increasing procedures, growing awareness of treatments, increasing personal care expenditure, and technological advancement are major factors for the market growth. Increasing R&D and new product development are also important factors for market growth.
Study objectives of hirsutism treatment market:
FIGURE 1Â Â Â Â Â Â Â Â Â HIRSUTISM TREATMENT MARKET SHARE BY END USER, 2016 (%)
Key players for Hirsutism treatment market: Â Â Some of the key players in this market are: AbbVie Inc. (US), Allergan (Republic of Ireland), Bayer AG (Germany), Bristol-Myers Squibb Company (US), Jubilant Cadista (US), Pfizer Inc. (US), Sun Pharmaceutical Industries Ltd. (India), and others. Segments: Hirsutism treatment market has been segmented on the basis of type which comprises of idiopathic hirsutism, secondary hirsutism, and others. On the basis of diagnosis, the market is segmented into blood tests, imaging tests, physical examination, and others. Blood tests sub-segmented into testosterone level test, DHEA-sulfate test, and others. Imaging test sub-segmented into ultrasound, CT scan, and others. Physical examination sub-segmented into inspection, auscultation, palpation and percussion, and others. On the basis of treatments, the market has been segmented into medications, procedures, and others. Medication is sub-segmented into oral contraceptives, anti-androgens, topical cream, and others. Procedures include electrolysis, laser therapy, and others. On the basis of end user, it is segmented into hospitals and clinics, medical research centers, academic institutes, and others. Research Methodology:
Regional analysis of Hirsutism treatment market: Â Â
Considering the global scenario of the market, America is holding the largest market share. The Americas are second largest hirsutism treatment market, especially developed North America region is holding the largest market share not only in America but also in hirsutism treatment market. While UK is believed to be the fastest growing market for hirsutism treatment in European region. Factors like technological advancement, and increasing demand for treatments are leading the growth for this region. Europe is the second largest market for hirsutism. Due to Increasing awareness, rising healthcare expenditure, availability of affordable healthcare facilities, Asia Pacific is fastest growing region in hirsutism market. Middle East and Africa contributes least market share and expected to grow slower than global average growth rate.
The report for Hirsutism treatment Marketof Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
Intended Audience:
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)