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Hair Loss Treatment Market Analysis

The Hair Loss Treatment Products Market size is estimated at USD 2.05 billion in 2024, and is expected to reach USD 3.03 billion by 2029, growing at a CAGR of 8.08% during the forecast period (2024-2029).

Hair loss is a crucial issue most people face nowadays due to several internal factors, such as hormonal imbalance, major diseases, aging, and many others. The increasing demand for treatment among people with androgenetic alopecia, a hair problem among women, men, and children that leads to baldness and requires medication, is accelerating the market for hair loss treatment products. Manufacturers are revitalizing their product portfolios and targeting conscious consumers by introducing new products at affordable prices to attain a larger market share.

According to research by the American Academy of Dermatology, more than 40% of women globally have started facing hair loss issues by age 40 due to hormonal imbalances and other reasons. The increasing stress level owing to the ever-changing lifestyle is one of the major factors responsible for hair loss, increasing the demand for hair loss treatment products across the globe. The growing popularity of brands that aim to assert natural hair growth and an increasing consumer inclination toward origin-specific ingredients with approval from the US Food and Drug Administration and dermatology-approved products are predicted to enhance the market dynamics over the forecast period. However, the market is anticipated to restrain growth owing to the growing popularity of alternate hair treatments such as hair loss transplants, laser therapy, and scalp reduction.

Hair Loss Treatment Industry Segmentation

Hair loss can be termed baldness or alopecia. Treatment products, such as minoxidil and finasteride, are considered the most effective medicine to help hair growth. The global hair loss treatment products market is segmented based on product type, distribution channels, and geography. The product type is segmented into shampoo & conditioner, oil, serum, and other products. Based on distribution channels, it is segmented into supermarkets and hypermarkets, convenience stores, specialty retailers, pharmacies, online retail, and other distribution channels. Also, the study analyzes the market for hair loss treatment products in emerging and established markets worldwide, including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).