Hirsutism Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Hirsutism Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : January, 2023 | Pharmaceutical

Report Digest

Hirsutism Treatment Market

Hirsutism is a disorder characterized by excessive hair growth in undesirable areas. Unwanted pattern of hair growth like men on a woman's face, chest, or back is one such example. Several hair removal products, both gender-specific and area-specific, are available globally. However, the majority of these treatments are simply cosmetics that are only intended to temporarily remove hair. The hirsutism treatment sector is primarily driven by cosmetic and psychological issues connected with excess hair. Body hair is frowned upon by global beauty standards and aesthetic expectations in many cultures, which is likely to work in favor of the global hirsutism treatment market in the near future.

Women all across the globe believe facial hair to be unattractive. As a result, hirsutism patients are under additional psychological pressure to conform to conventional attractiveness and aesthetic norms. Patients are increasingly opting for laser hair removal as a result of their uneasiness.

Demand to Ride on the Back of Developments in the Female Healthcare and Therapies

Hair removal devices, such as intense pulsed light (IPL) and laser devices, are the rapidly growing market category. The hair follicles are damaged by this equipment, leaving the skin hair-free for long periods of time. Because hair can only be removed during the growth period, known as anagen, laser hair removal for hirsutism control needs repeated treatment sessions. The number of sessions required for the treatment is determined by the size of the area to be fixed, as well as the density of the hair and the type of skin. These factors are likely to work in favor of the global hirsutism treatment market in the years to come.

Furthermore, non-laser hirsutism treatments like topical creams such as the recently authorized eflornithine creams and plucking are ineffective compared to the laser hair removal procedure. As a result, laser hair removal is becoming more popular, owing to its superior efficacy compared to conventional hirsutism treatments.

Because of developments in the realm of female healthcare and therapies, the global hirsutism treatment market has been growing in demand. The increasing prevalence of diseases that impact women's physical as well as mental health has opened the way for a thriving women's healthcare sector.

Global Hirsutism Treatment Market: Overview

The demand within the global hirsutism treatment market has been rising on account of advancements in the field of female healthcare and treatments. The rising incidence of disorders that affect the mental and physical health of women has paved way for a robust industry for women healthcare. Hirsutism is a medical condition in women that results in excessive growth of bodily hair in areas that are common for hair growth in men. This condition can result in growth of coarse and thick hair on the hands or even face. It is important to treat hirsutism as it can also have an adverse impact on the mental and emotional health of women.

The global demand for hirsutism treatment has been on a rise as ardent efforts for improved female care have been made. The need to create awareness about treatment of hirsutism and similar disorders has also given an impetus to market growth. The presence of a stellar industry for women-healthcare is a key dynamic of market growth. Considering these factors, it is safe to ascertain that the global hirsutism treatment market would accumulate humongous revenues in the years to follow.

A report added on the global hirsutism treatment market is a clear indicator of the various forces of demand and supply. The market for hirsutism treatment has been closely studied within the report. A regional outlook on the global hirsutism treatment market has been extended in the report. Furthermore, the key competitors in the global hirsutism treatment market have also been enunciated therein.

Global Hirsutism Treatment Market: Notable Developments

Companies working in the hirsutism treatment market are mainly focusing on developing innovative treatment methods.

  • Manufacturers are focusing on developing topical metformin-based treatments. This is from the perspective of providing help to the compounders and patients along with more options.
  • Merck and Co. leads the sector in the global hirsutism treatment market in terms of innovating topical and hormonal treatments.
  • Some of the other key players operating in this market are Bayer AG, ALLERGAN and Lumenis.

Global Hirsutism Treatment Market: Trends and Opportunities

The demand within the global hirsutism treatment market has been driven by the rising incidence of bodily disorders. The presence of excessive body hair in women can be traumatic for a lot of women, and this factor makes it necessary to have a swift treatment mechanism for hirsutism. The presence of several women activists and doctors who are spreading awareness about available treatments for hirsutism treatment has driven market demand. Furthermore, the need for a stellar industry for hirsutism treatment has also created ripples across the global market. There is heavy demand for hirsutism treatment, especially amongst younger women, which has given an impetus to the growth of the global hirsutism treatment market.

Global Hirsutism Treatment Market: Market Potential

Investments made by cosmetic brands and other entities in the global hirsutism treatment market have also propelled market demand. The psychological stress on women suffering from hirsutism has necessitated the need for better treatments. This realisation has also created a plethora of opportunities within the global hirsutism treatment market.

Global Hirsutism Treatment Market: Regional Outlook

On the basis of geography, the global hirsutism treatment market can be segmented on the into the following regions: North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. The market for hirsutism treatment in Asia Pacific has been expanding on account of the rising population of women suffering from hirsutism.

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