LONDON--(BUSINESS WIRE)--May 17, 2018--Technavio’s latest market research report on the provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Technavio has published a new market research report on the global laser hair loss treatment market from 2018-2022. (Graphic: Business Wire)
The is expected to grow to USD 279.13 mn by 2022, according to Technavio analysts. A key factor driving the market’s growth is the increasing technological advancement and innovation. Laser technology is used for various applications such as medical healing, reducing pain and other medical treatments. The demand for the use of lasers for treating hair loss is increasing because these lasers can be used to remove blockages for blood circulation at the roots of the hair. Therefore, laser treatments help in increasing the strength, shine, and elasticity of hair. For treating hair loss, it is necessary that the laser reaches the scalp. Lasers improve circulation of blood and oxygen to the scalp, help in cell replacement, and energize the scalp.
Increase in home care products
In a rapidly changing world, busy lifestyles and the need for easy and quick solutions have provided an opportunity for vendors of hair treatment devices to develop products, which cater to the changing needs of the customers. Different technological advancements have helped in developing solutions such as portable laser devices with special features that enable treatments at homes. The market has witnessed an increasing trend for treating hair loss at homes as the costs for laser treatments in clinics is high. Several customers cannot afford complete hair transplant as its cost is significantly high. In addition, the treatments used in clinics are invasive treatments, which are expensive and time-consuming.
“The hair loss home treatment devices are expensive because of the technology used in them. New innovations are making these devices safe to be used at home. These devices do not require any training before use. Awareness of these devices is created by e-commerce platforms with portable devices being sold on e-commerce websites. The increase in e-commerce will also fuel the growth of home care products. These websites increase the reach of vendors and make it easy for them to sell products in the international market,” says a senior analyst at Technavio for research on .
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global laser hair loss treatment market segmentation
In 2017, the global laser hair loss treatment market by males occupied a market share of close to 62%. This end-user segment will dominate the global market throughout the forecast period.
In 2017, the Americas held approximately 48% share of the market. This was because of the presence of many domestic vendors who help in creating awareness, early adoption of low-level laser technology and increased availability of products.
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With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY HEALTH RESEARCH OTHER SCIENCE SCIENCE GENERAL HEALTH
SOURCE: Technavio Research
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