Dublin, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The "Hirsutism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global hirsutism market size reached US$ 2.8 Billion in 2022. Looking forward, the market is set to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.
Hirsutism is a condition affecting females that cause excess hair growth on specific body parts, including the face, neck, chest, stomach, lower back, and thighs. It commonly occurs due to excess male hormones, called androgens, and certain medical conditions, such as polycystic ovary syndrome (PCOS).
The increasing number of hirsutism cases, especially in older women, across the globe is creating a positive outlook for the market. Hirsutism commonly occurs in postmenopausal women by androgen secretion from adrenal or ovarian tumors. Additionally, the rising incidences of bodily disorders due to the presence of excessive body hair in women can cause cosmetic and psychological problems, which, in turn, is favoring the market growth.
Moreover, healthcare professionals and activists are sensitizing the masses about available treatments for hirsutism, which is acting as another growth-inducing factor. Apart from this, the increasing demand for hair removal procedures with lasers and intense pulsed light (IPL) equipment requiring multiple treatment sessions is providing an impetus to the market growth.
In line with this, manufacturers are focusing on developing topical metformin-based therapeutics that act as an effective treatment for moderate to severe hirsutism in women with PCOS, which is propelling the market growth.
Furthermore, the increasing personal care expenditure due to the growing working women population is positively influencing the market growth. Other factors, including extensive research and development (R&D) activities, growing acceptance of laser hair removal techniques, and the increasing prevalence of PCOS, are anticipated to drive the market growth.
Key Questions Answered in This Report
- What was the size of the global hirsutism market in 2022?
- What is the expected growth rate of the global hirsutism market during 2023-2028?
- What are the key factors driving the global hirsutism market?
- What has been the impact of COVID-19 on the global hirsutism market?
- What is the breakup of the global hirsutism market based on the products?
- What are the key regions in the global hirsutism market?
- Who are the key players/companies in the global hirsutism market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $2.8 Billion |
| Forecasted Market Value (USD) by 2028 | $4.3 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Competitive Landscape
- Market Structure
- Key Players
- Company Overview
- Product Portfolio
Profiles of Key Players
- Alma Lasers Ltd (Sisram Medical Ltd)
- Alpaya Dermaceuticals
- Bayer AG
- Cutera Inc.
- Cynosure Inc.
- Lumenis Inc.
- Nisim International Inc.
- Sciton Inc.
Key Market Segmentation
Breakup by Therapy Type:
- Procedures
- Medication
Breakup by Products:
- Hair Removal Equipment
- Topical Hair Removal Products
- Others
Breakup by End User:
- Hospitals
- Clinics
- Others
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
For more information about this report visit https://www.researchandmarkets.com/r/ye49et
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