Hirsutism Market

Global Hirsutism Market:

The global hirsutism market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.29% during 2024-2032. The growing cases of bodily disorders, owing to the presence of excessive body hair in women, are propelling the market.

Hirsutism Market Analysis:

• Major Market Drivers: The increasing occurrence of PCOS is bolstering the market. Additionally, the rising acceptance of laser hair removal techniques is also propelling the market.
• Key Market Trends: Leading manufacturers are emphasizing on introducing topical metformin-based therapeutics that act as an effective treatment for moderate to severe hirsutism in women, thereby driving the growth of the market.
• Competitive Landscape: Some of the major market companies include Alma Lasers Ltd (Sisram Medical Ltd), Alpaya Dermaceuticals, Bayer AG, Cutera Inc., Cynosure Inc., Lumenis Inc., Nisim International Inc., and Sciton Inc., among many others.
• Geographical Trends: The inflating personal care expenditure capacities of women, along with the elevating number of healthcare professionals and activists who are sensitizing the masses about available treatments for hirsutism, are stimulating the market in North America.
• Challenges and Opportunities: The lack of effective and targeted treatment options is hindering the market. However, improving diagnosis to ensure timely intervention will continue to fuel the market in the coming years.

Hirsutism Market Trends:

Novel Treatment Options

The market is experiencing advanced treatment modalities, on account of the rising emphasis on developing more effective and safer therapies. Besides this, the growing inclination towards targeted and non-invasive therapies, including laser hair removal, is also acting as a significant growth-inducing factor. In August 2024, Skin Lattice Clinic made an important stride in dermatological care by becoming the first clinic in Gurgaon, India, to introduce the FDA-approved Alma Titanium Pro laser hair removal technology for hirsutism. This cutting-edge technology, renowned for its advanced cooling system and precision targeting, delivers exceptional results with minimal discomfort.

Increasing Diagnosis and Awareness

Individuals are seeking diagnosis and treatment. This trend is bolstered by the availability of information online and educational campaigns, thereby leading to earlier detection and more proactive management. For example, in August 2024, the PCOS Awareness Association and Milan Laser Hair Removal collaborated to raise awareness and advocate for those affected by polycystic ovarian syndrome. This is positively influencing the hirsutism market outlook report.

Rising Demand for Aesthetic Treatments

The growing adoption of long-term solutions to excessive hair growth is catalyzing the market. Laser hair removal, in particular, has gained traction due to its relatively low risk of side effects and effectiveness. This is expanding the hirsutism market share. In August 2024, V Medical Aesthetics Group, a leader in Singapore's aesthetics industry, introduced tech-based hair growth solutions designed by doctors.

Global Hirsutism Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the hirsutism market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the therapy type, products, and end user.

Breakup by Therapy Type:

• Procedures
• Medication
   

The report has provided a detailed breakup and analysis of the market based on the therapy type. This includes procedures and medication.

Procedures can provide permanent or long-term hair reduction. On the other hand, medications play an important role, especially for those with underlying hormonal imbalances. Moreover, they include anti-androgens and oral contraceptives. This is elevating the hirsutism market statistics.

Breakup by Products:

• Hair Removal Equipment
• Topical Hair Removal Products
• Others
   

Topical hair removal products currently hold the largest hirsutism market demand

The report has provided a detailed breakup and analysis of the market based on the products. This includes hair removal equipment, topical hair removal products, and others. According to the report, topical hair removal products represented the largest market segmentation.

The inflating requirement for convenient and non-invasive solutions to manage unwanted hair is propelling the growth of the segment. For instance, Nair introduced a series of topical hair removal creams that cater to various skin types and areas of the body. This is increasing the hirsutism market revenue.

Breakup by End User:

• Hospitals
• Clinics
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end user. This includes hospitals, clinics, and others.

Hospitals are generally equipped with advanced diagnostic tools and comprehensive care facilities. Additionally, clinics, including endocrinology and dermatology practices, are also significant players in this market. According to the hirsutism market forecast report, this is propelling the growth of this segment.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America currently dominates the hirsutism market outlook

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share. 

As per the hirsutism market analysis report, North America exhibits a clear dominance in the market. This can be attributed to the elevating awareness about the condition and the rising number of FDA approvals. In July 2024, Sun Pharmaceutical Industries received U.S. Food and Drug Administration (FDA) approval for Alopecia areata, which is characterized by hair loss.

Competitive Landscape:

The hirsutism market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:

• Alma Lasers Ltd (Sisram Medical Ltd)
• Alpaya Dermaceuticals
• Bayer AG
• Cutera Inc.
• Cynosure Inc.
• Lumenis Inc.
• Nisim International Inc.
• Sciton Inc.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

 Hirsutism Market Recent Developments:

• August 2024: Skin Lattice Clinic made an important stride in dermatological care by becoming the first clinic in Gurgaon, India, to introduce the FDA-approved Alma Titanium Pro laser hair removal technology for hirsutism.
• August 2024: The PCOS Awareness Association and Milan Laser Hair Removal collaborated to raise awareness and advocate for those affected by polycystic ovarian syndrome.
• August 2024: V Medical Aesthetics Group, a leader in Singapore's aesthetics industry, introduced tech-based hair growth solutions designed by doctors.

Hirsutism Market Report Scope:

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the hirsutism market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global hirsutism market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the hirsutism industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.