The Latest Hair Loss Industry Statistics Explained
The global hair loss treatments market size was valued at USD 2.4 billion in 2020.
The statistic indicates that the global market for hair loss treatments generated revenues of USD 2.4 billion in the year 2020. This figure reflects the economic value of products and services offered by companies within the hair loss treatment industry, including medications, therapies, devices, and supplements aimed at addressing hair loss and promoting hair growth. The market size suggests the significant demand and investments in solutions for hair loss issues worldwide, driven by factors such as changing lifestyles, aging populations, growing awareness about hair health, and advancements in technology and product innovation. This statistic provides insights into the scale and financial importance of the hair loss treatment market, highlighting opportunities for growth and development within the industry.
The hair loss treatment market is anticipated to grow at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028.
This statistic indicates that the hair loss treatment market is expected to experience significant growth over the period from 2021 to 2028. The compound annual growth rate (CAGR) of 6.5% implies that the market size is projected to increase by an average of 6.5% each year during this timeframe. This steady growth rate suggests a positive outlook for the hair loss treatment industry, driven likely by factors such as increasing awareness about hair loss solutions, advancements in technology, and a growing aging population. Overall, this statistic indicates a promising trend for businesses operating in the hair loss treatment market, with potential opportunities for expansion and innovation.
The North American market for hair loss treatments was valued at USD 1.4 billion in 2020.
The statistic indicates that the North American market for hair loss treatments generated a total revenue of USD 1.4 billion in the year 2020. This value represents the monetary value of all sales and transactions within the hair loss treatment market in North America during that specific year. The figure provides insight into the size and financial significance of the industry, suggesting a substantial demand for hair loss treatments in the region. It can be used to assess the market’s growth, competitiveness, and potential opportunities for businesses operating within this sector, as well as to analyze consumer trends and preferences related to hair loss treatments in North America.
The market for hair loss treatments in Europe was valued at USD 900.8 million in 2020.
This statistic indicates the total monetary value of the market for hair loss treatments in Europe in the year 2020, which amounted to USD 900.8 million. This figure reflects the collective spending by consumers on products and services aimed at addressing hair loss issues in the European market during the specified time period. It provides valuable insight into the size and economic significance of the hair loss treatment industry in Europe, highlighting a substantial market demand for solutions to hair loss concerns. Such data can be used by businesses, investors, researchers, and policymakers to better understand market trends, assess opportunities for growth and innovation, and make informed decisions regarding investments and strategies within the hair loss treatment sector.
Shampoos & Conditioners are expected to register the fastest CAGR of 7.2% from 2021 to 2028 in the hair loss industry.
This statistic indicates that within the hair loss industry, the market for shampoos and conditioners is projected to experience significant growth, with a Compound Annual Growth Rate (CAGR) of 7.2% from 2021 to 2028. This suggests that there is expected to be a steady increase in demand for hair loss products in the form of shampoos and conditioners over the specified time period. The growth in this segment is likely driven by factors such as consumer awareness about hair health, technological advancements leading to the development of more effective hair care products, and changing lifestyle trends. Overall, this statistic highlights the potential for strong market opportunities within the shampoos and conditioners segment of the hair loss industry in the coming years.
Nearly 30% of patients suffering from hair loss are women.
The statistic “Nearly 30% of patients suffering from hair loss are women” suggests that a significant proportion of individuals experiencing hair loss are female. This statistic highlights the fact that hair loss is not solely a concern for men, as commonly perceived, but also affects a substantial number of women. Understanding that nearly one-third of patients experiencing hair loss are women is important in ensuring that healthcare providers, researchers, and the broader community are attuned to the experiences and needs of female individuals dealing with this condition. This statistic emphasizes the importance of inclusive approaches to addressing hair loss and underscores the significance of gender-aware healthcare practices in this area.
By the age of 35, two-thirds of American men will experience some degree of appreciable hair loss.
The statistic that by the age of 35, two-thirds of American men will experience some degree of appreciable hair loss indicates a common phenomenon known as male pattern baldness. This condition is largely attributed to genetic factors and hormonal changes as men age, leading to the progressive thinning and loss of hair, particularly on the crown and temples. The statistic suggests that a significant majority of men in the United States are likely to experience noticeable hair loss to varying degrees by the time they reach 35 years old. While the exact causes and mechanisms of male pattern baldness may vary from individual to individual, this statistic underscores the pervasive nature of this issue among the male population in America.
Approximately 85% of men will have significantly thinning hair by the age of 50.
This statistic suggests that a large proportion of men, specifically around 85%, are likely to experience noticeable thinning hair by the time they reach the age of 50. The term “significantly thinning hair” indicates a substantial degree of hair loss, which can have various causes such as genetics, hormonal changes, or health conditions. This information highlights the common occurrence of hair thinning among men as they age and underscores the importance of understanding and addressing hair loss concerns for many individuals in this demographic group.
Women hair loss segment accounted for the highest hair loss treatment market share, over 40% in 2020.
In 2020, the women’s hair loss segment dominated the hair loss treatment market by holding a market share of over 40%. This statistic indicates that women experiencing hair loss significantly contributed to the overall demand for hair loss treatments. The high market share of the women’s segment suggests a strong need for specialized and targeted hair loss solutions tailored to the specific concerns and preferences of female consumers. This data highlights the importance of addressing the unique challenges faced by women with hair loss and underscores the opportunities for businesses to capitalize on this market trend by offering effective and innovative hair loss treatment products and services designed specifically for women.
Asia Pacific is expected to expand at the fastest CAGR of 7.7% from 2021 to 2028 in hair loss treatment market.
This statistic indicates that the Asia Pacific region is forecasted to experience the highest Compound Annual Growth Rate (CAGR) of 7.7% in the hair loss treatment market from 2021 to 2028. A CAGR of 7.7% suggests a strong and steady growth trend in the market over the specified period, highlighting significant opportunities and potential for expansion in the region. Factors driving this growth could include increasing awareness about hair loss treatments, rising disposable incomes, improving healthcare infrastructure, and shifting demographics. Businesses operating in the hair loss treatment market may find this statistic valuable for strategic planning and investment decisions in the Asia Pacific region.
The hair loss surgery market is projected to reach USD 24.8 billion by 2024.
The statistic stating that the hair loss surgery market is projected to reach USD 24.8 billion by 2024 indicates the estimated value of the market for procedures and services related to hair restoration surgeries. This figure suggests significant growth and demand anticipated in the industry over the coming years, likely driven by various factors such as advancements in surgical techniques, shifting societal attitudes towards hair loss, and an aging population seeking solutions for hair thinning and baldness. The projected market value serves as a key indicator for investors, healthcare professionals, and consumers to understand the size and potential opportunities within the hair loss surgery sector.
Non-surgical treatments for hair loss accounted for a revenue of USD 1.1 billion in 2020.
The statistic indicates that non-surgical treatments for hair loss generated a total revenue of USD 1.1 billion in the year 2020. This suggests a significant market size and demand for products and services aimed at addressing hair loss without the need for surgical intervention. It highlights the growing popularity and acceptance of non-invasive approaches to hair restoration and maintenance. The revenue figure also reflects the willingness of consumers to invest in non-surgical treatments for addressing hair loss, signifying a lucrative and competitive industry landscape within the cosmetics and healthcare sectors.
According to an ISHRS report, 635,189 surgical hair restoration procedures were performed worldwide in 2017.
The statistic “According to an ISHRS report, 635,189 surgical hair restoration procedures were performed worldwide in 2017” indicates that a significant number of individuals opted for surgical methods to address hair loss concerns in that year. The International Society of Hair Restoration Surgery (ISHRS) report reflects the global scale of this practice, highlighting the widespread interest and demand for hair restoration treatments. This statistic underscores the prevalence of hair loss as a common issue among individuals around the world and the growing popularity of surgical procedures as a viable solution. It also suggests the increasing acceptance and accessibility of hair restoration techniques in various countries, demonstrating the impact and importance of this field in the healthcare industry.
Androgenetic alopecia accounted for over 50% of the hair loss treatment market share in 2020.
The statistic indicates that androgenetic alopecia, a common form of hair loss caused by genetic predisposition and hormonal factors, held a dominant position within the hair loss treatment market in 2020, accounting for more than half of the total market share. This suggests that a significant portion of individuals seeking treatment for hair loss were specifically addressing androgenetic alopecia, likely due to its prevalence and the demand for effective solutions. The high market share for androgenetic alopecia treatments implies the significance of this condition in the overall hair loss landscape, highlighting the importance of targeted therapies and products tailored to address this specific cause of hair loss.
By 2024, the global hair transplant market is expected to reach USD 31,000 million.
The statistic indicates that the global hair transplant market is projected to grow significantly over the next few years and reach a value of USD 31,000 million by the year 2024. This growth suggests a strong demand for hair transplant procedures worldwide, driven by factors such as increasing prevalence of hair loss, advancements in transplant technologies, and growing awareness and acceptance of cosmetic procedures. The forecasted market size reflects the potential opportunities for businesses operating in the hair transplant industry to capitalize on this expanding market and cater to the rising demand for hair restoration solutions.
The average cost of hair transplantation in the US can range from $4,000 to $15,000.
The statistic indicates that the average cost of hair transplantation procedures in the United States varies significantly, with prices ranging from $4,000 to $15,000. This wide range in costs can be attributed to various factors such as the complexity of the procedure, the experience and reputation of the surgeon, the location of the clinic, and the number of grafts needed. Patients should be aware that the final cost may also include additional fees for consultations, follow-up appointments, anesthesia, and post-operative care. It is important for individuals considering hair transplantation to thoroughly research and compare different clinics to find a provider that offers high-quality services within a budget that is feasible for them.
Prescription medicine accounted for a revenue of over USD 800 million in the hair loss treatment market in 2020.
The statistic indicating that prescription medicine contributed over USD 800 million in revenue to the hair loss treatment market in 2020 highlights the substantial financial significance of pharmaceutical interventions in addressing hair loss. This figure suggests a strong demand for prescription medications for hair loss treatment, likely driven by factors such as the prevalence of hair loss concerns among individuals and the effectiveness of prescription drugs in managing this condition. The revenue generated emphasizes the economic importance of pharmaceutical companies operating within the hair loss treatment market and underscores the financial impact of hair loss on individuals seeking medical solutions.
Globally, the most performed surgical procedure for hair loss in 2017 was Follicular Unit Extraction (FUE).
The statistic states that in 2017, the most commonly performed surgical procedure for addressing hair loss worldwide was Follicular Unit Extraction (FUE). FUE is a minimally invasive method of hair transplantation that involves extracting individual hair follicles from the donor area and implanting them into the recipient area where hair is thinning or receding. This procedure is preferred by many patients and surgeons due to its relatively faster recovery time, minimal scarring, and natural-looking results. The widespread popularity of FUE as a hair restoration technique in 2017 reflects the growing trend towards advanced and innovative procedures in the field of cosmetic surgery.
In 2017 the Middle East stood out as the region with the highest number of hair restoration surgeries performed.
The statistic indicating that in 2017 the Middle East had the highest number of hair restoration surgeries performed suggests a growing trend in cosmetic procedures within the region. This could be attributed to cultural factors placing importance on physical appearance and youthfulness, as well as increasing disposable income and access to advanced medical technologies. The high number of procedures may also reflect changing beauty standards and a shift towards acceptance of cosmetic enhancements in the Middle Eastern society. Additionally, the availability of skilled medical professionals and specialized clinics offering hair restoration services may have contributed to this prominence of the Middle East in the field of cosmetic surgery during that particular year.
It’s anticipated that the male hair loss treatment market segment will reach around USD 1.6 billion by 2028.
This statistic suggests that there is a growing market opportunity for products and services targeting male hair loss treatment, with an anticipated value of approximately USD 1.6 billion by the year 2028. The projection indicates a significant demand for solutions addressing male pattern baldness and other hair loss issues, signaling a continued interest and investment in this market segment. Factors such as increasing awareness, changing social perceptions towards grooming and appearance, advancements in hair loss technologies, and a growing aging population could contribute to the market’s growth. Companies operating in this space may benefit from this trend by offering innovative products, effective treatments, and tailored solutions to meet the evolving needs of male consumers seeking to address hair loss concerns.
References
0. – https://www.www.360marketupdates.com
1. – https://www.www.americanhairloss.org
2. – https://www.www.grandviewresearch.com
3. – https://www.www.healthline.com
4. – https://www.ishrs.org
5. – https://www.www.webmd.com
6. – https://www.www.globenewswire.com
