Global Laser Hair Loss Treatment Market to Reach $318.4 Million by 2026 – Yahoo Finance

Abstract: Global Laser Hair Loss Treatment Market to Reach $318. 4 Million by 2026 . Treatments such as hair transplant surgery, medications like finasteride (Propecia) and minoxidil (Rogaine), and laser therapy, stops or reverses the hair loss.

New York, Nov. 08, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Laser Hair Loss Treatment Industry” – https://www.reportlinker.com/p05957231/?utm_source=GNW
Laser therapy constitutes a sophisticated medical therapy involving use of high precision focused lasers for treating specific areas with abnormal growths or tumors. The precision of laser ensures that damage due to therapy is minimal, far lesser than conventional surgery methods. However, laser therapy is expensive. Despite this, laser technology gained considerable traction over the past few years, for treating hair loss. Lasers are being used for removing blockages at hair roots which prevent blood circulation. Treatment with laser is also known to fortify hair and enhance hair shine and elasticity. Both low
and medium-level lasers are used for laser treatment for alopecia, with low-level lasers accounting for major share in the overall market. Low-level laser light treatment (LLLT) which is otherwise known as cold laser treatment or red light treatment radiates photons within the scalp tissues and the weak cells present inside the scalp soak up the photons and promote hair growth. Therefore the low-level laser treatment is a broadly approved hair growth procedure that is tolerable, less invasive, and safe compared to other hair transplant surgeries.

Amid the COVID-19 crisis, the global market for Laser Hair Loss Treatment estimated at US$248.8 Million in the year 2020, is projected to reach a revised size of US$318.4 Million by 2026, growing at a CAGR of 4.3% over the analysis period. Male, one of the segments analyzed in the report, is projected to grow at a 4.5% CAGR to reach US$254.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Female segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global Laser Hair Loss Treatment market.

The U.S. Market is Estimated at $90.9 Million in 2021, While China is Forecast to Reach $31.3 Million by 2026

The Laser Hair Loss Treatment market in the U.S. is estimated at US$90.9 Million in the year 2021. The country currently accounts for a 35.73% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$31.3 Million in the year 2026 trailing a CAGR of 5.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European …….

Source: https://finance.yahoo.com/news/global-laser-hair-loss-treatment-161200719.html