July 11, 2022
According to the research report titled ‘Global Hirsutism Market Size study, by Product (Hair Removal Equipment, Topical Hair Removal Products, and Other Products) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global hirsutism market is anticipated to register a compound annual growth rate of 7.01% between 2022 and 2028.
Report findings suggest that global hirsutism industry is fueled by increasing personal care spending, and improved awareness about the treatment for this condition.
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According to a National Center for Biotechnology Information (NCBI) article named Hirsutism, the precise prevalence of hirsutism is unknown, however it may be as high as 50%. The psychological problems brought on by this disease are influenced by sociocultural and ethnic factors. Notably, in some nations where the absence of hair is regarded as a crucial component of feminine appeal, modest hirsutism may be considered a severe ailment, while much more pronounced hirsutism may be accepted in
others.
In women who don't often have hair, hirsutism is a sort of body hair that develops on the chest, lower tummy, face, inner thighs, and back. It is a syndrome that causes women to grow an abundance of coarse, black hair in a pattern resembling to that of men. Further symptoms, known as virilization, may develop over time as a result of hirsutism caused by high testosterone levels. For women who want to treat hirsutism, there are excellent self-care strategies and treatment alternatives available.
Numerous product releases and other strategic activities are expected to augment market outlook in the coming years. However, high cost of laser hair removal procedures may hamper industry trends during the analysis timeframe.
Based on product terrain, worldwide hirsutism market is branched into topical hair removal products, hair removal equipment, and others.
Regional, Asia pacific industry holds a major revenue share at present, owing to high prevalence of women with polycystic ovarian syndrome (PCOS), and the rising popularity of cosmetic treatments in the region.
On the competitive front, Ajanta Pharma Limited, Sciton Inc., Nisim International Inc., Pfizer Inc., Cynosure Inc., Lumenis Ltd., Bayer AG, Alma Lasers Ltd., Merck & Co. Inc, and ALPAYA Dermaceuticals are the leading plyers in global hirsutism market.