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Hirsutism is defined as a condition where excessive hair growth occurs in undesired regions. This includes unwanted hair growth on the face, chest or back of a woman. There are several hair removal products available in the world that can be gender specific to each area. However, most of these products are basically cosmetics and are only used for temporary hair removal.
Cosmetic and psychological problems associated with unwanted hair are a major factor in the hirsutism market. Global standards of beauty and aesthetic expectations in different cultures do not agree with body hair. Facial hair is considered undesirable for women worldwide. Consequently, cases of hirsutism exert additional psychological pressure on patients to adhere to normative beauty and aesthetic standards. This uncertainty reinforces the trend toward laser hair removal in patients.
Scope of the report
Products in this market include hair removal methods from hirsutism and other such disorders. Products covered by this report include lasers, epilators, IPLs, hair removal creams / lotions, sprays and drugs used to temporarily remove hair, restrict growth at a hormonal level, or slow down hair growth at the level of hair follicles.
Important market trends
The Hair Removal Equipment segment is showing rapid growth over the forecast period
Hair removal devices such as lasers and IPL (Intense Pulsed Light) are the fastest growing segment on the market. These devices damage the hair follicles and leave the skin exposed for an extended period of time. Laser hair removal in the treatment of hirsutism requires multiple treatment sessions because the hair can only be removed at the growth stage, which is called anagen. The number of sessions depends on the area being treated as well as the thickness of the hair and skin type.
In addition, alternative hirsutism management methods such as topical creams (including recently approved efflornithin creams) and flushing are not as effective as laser hair removal. As a result, the popularity of laser hair removal is growing due to its greater effectiveness compared to other methods of hirsutism management.
Asia Pacific is the fastest growing region in the market
In the Asia-Pacific region, cosmetic treatments have been increased to remove excess body hair. In addition, Japan is the fastest growing market in the Asia-Pacific region, mainly due to its high profile and diagnostics as well as the adoption of laser hair removal techniques. In addition, Japan ranks first in total laser hair removal worldwide, which has further contributed to the growth of this market in the Asia-Pacific region.
The home care market is growing rapidly, and several new entrants have entered the global market with the introduction of hair removal devices for home use, including B. devices with intense pulsed light. Major market players include Allergan PLC, Ajanta Pharma, Alpaya Dermaceuticals, Nisim Inc., Wet and Dry Personal Care, Bausch Health Companies Inc. (Solta Medical Inc.), Cynosure Inc., Lumenis Inc., Alma Lasers Ltd. and Sciton Inc., among others.
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1.1 Research results
1.2 Study assumptions
1.3 Scope of the study
2 Research methodology
4 market dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 cosmetic and psychological problems associated with unwanted hair
4.3 Market Restrictions
4.3.1 High Costs of Laser Hair Removal Procedure
4.3.2. Paradoxical hirsutism after laser therapy
4.4. Porter’s Five Power Analysis
4.4.1 Threatening new entrants
4.4.2 Bargaining power of buyers / consumers
4.4.3 Supplier Bargaining Power
4.4.4 Threat of substitute products
4.4. 5 intensities of competitive rivalry
5 MARKET SEGMENTATION
5.1 By Product
Hair Removal Devices 5.1.2 Current Hair Removal Products
5.1.3 Other products
5.2.1 North America
5.2. 2.1 Germany
18.104.22.168 United Kingdom
22.214.171.124 The rest of Europe
5.2.3 Asia Pacific
126.96.36.199 South Korea
188.8.131.52 Other Asia Pacific region
5.2.4 Middle East and Africa
184.108.40.206 South Africa
220.127.116.11 Rest of the Middle East and Africa
5.2.5 South America
18.104.22.168 Other South America
6 COMPETITIVE END
6.1 Company Profile
6.1.1 Ajanta Pharma
6.1.2 Allergan PLC
6.1.3 Alma Laser Ltd
6.1.4. Alpaya Dermaceuticals
6.1.5 Bausch Health Companies Inc. (Solta Medical Inc.)
6.1.6 Cynosure Inc.
6.1.7 Lumenis Inc.
6.1.8 Nisim Inc.
6.1.9 Sciton Inc.
6.1.10 Wet and dry body care
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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