The
recent report published by Market Research Future (MRFR) has stated that the Global
Hirsutism treatment market is expected to grow at the CAGR of ~13.6% during the
forecast period and is estimated to reach USD 5295.0 million by 2023.
Increasing
procedures, growing awareness of treatments, increasing personal care
expenditure, and technological advancement are major factors for the market
growth. Increasing R&D and new product development are also important
factors for market growth.
Hirsutism
is a condition of excessive, unwanted, and male-pattern hair growth in women. Hirsutism results in unwanted hair growth
on body areas such as face, stomach, back, and chest. About 5% of US women have
hirsutism.
Key
players
·
AbbVie
Inc. (US)
·
Allergan
(Republic of Ireland)
·
Bayer AG
(Germany)
·
Bristol-Myers
Squibb Company (US)
·
Jubilant
Cadista (US)
·
Pfizer
Inc. (US)
·
Sun
Pharmaceutical Industries Ltd. (India)
Segments:
Global hirsutism treatment market has been segmented on the basis of type which comprises of idiopathic hirsutism, secondary hirsutism, and others.
Global hirsutism treatment market has been segmented on the basis of type which comprises of idiopathic hirsutism, secondary hirsutism, and others.
On the
basis of diagnosis, the market is segmented into blood tests, imaging tests,
physical examination, and others. Blood tests sub-segmented into testosterone
level test, DHEA-sulfate test, and others. Imaging test sub-segmented into
ultrasound, CT scan, and others. Physical examination sub-segmented into
inspection, auscultation, palpation and percussion, and others.
On the
basis of end user, it is segmented into hospitals and clinics, medical research
centers, academic institutes, and others.
On the basis of treatments, the market has been segmented into medications, procedures, and others. Medication is sub-segmented into oral contraceptives, anti-androgens, topical cream, and others. Procedures include electrolysis, laser therapy, and others.
Regional analysis:
On the basis of treatments, the market has been segmented into medications, procedures, and others. Medication is sub-segmented into oral contraceptives, anti-androgens, topical cream, and others. Procedures include electrolysis, laser therapy, and others.
Regional analysis:
Considering
the global scenario of the market, America is holding the largest market share.
The Americas are second largest hirsutism treatment market, especially
developed North America region is holding the largest market share not only in
America but also in global hirsutism treatment market. While UK is believed to
be the fastest growing market for hirsutism treatment in European region.
Factors like technological advancement, and increasing demand for treatments
are leading the growth for this region. Europe is the second largest market for
hirsutism. Due to Increasing awareness, rising healthcare expenditure,
availability of affordable healthcare facilities, Asia Pacific is fastest
growing region in global hirsutism market. Middle East and Africa contributes
least market share and expected to grow slower than global average growth rate.
Drivers and Constraints Impacting
the Market
Women are
nowadays getting more conscious regarding their looks which is further
influencing them to opt for hirsutism treatment. Laser therapy is one the most
demanding treatments among the women driving the market. With the increasing
availability of treatment and products along with the increasing awareness
regarding hirsutism is propelling the market growth during the assessment
period. Also, growing demand from emerging economies such as South America and
Asia are likely to foster the market. Moreover, hospitals are investing in
technology upgradation in order to provide effective treatment to their
patients which is further expanding the market growth during the review period.
On the
flip side, low per capita healthcare expenditure among the low and
middle-income countries and lack of awareness regarding hirsutism are some of
the major factors likely to retard the market growth in the coming years.
Moreover, the cost of medical laser systems is high which makes it hard to
afford for every individual, thereby hampering the market growth.
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Detailed Table
of Contents:
1. Report Prologue
2. Introduction
2.1 Definition
2.2
Scope Of The Study
2.2.1
Research Objective
2.2.2
Assumptions
2.2.3
Limitations
2.3
Market Structure
2.4.
Market Segmentation
3.
Research Methodology
3.1
Research Process
3.2
Primary Research
3.3
Secondary Research
3.4
Market Size Estimation
3.5
Forecast Model
4.
Market Dynamics
4.1
Drivers
4.2
Restraints
4.3
Opportunities
4.4
Mega Trends
4.5
Macroeconomic Indicators
5.
Market Factor Analysis
5.1
Value Chain Analysis
5.2
Porters Five Forces
5.3
Demand & Supply: Gap Analysis
5.4
Pricing Analysis
5.5
Investment Opportunity Analysis
...TOC Continued!
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