Hair Loss Treatment & Removal in the US - Industry Market Research Report

Hair Loss Treatment & Removal in the US - Industry Market Research Report

Hair Loss Treatment & Removal in the US

Hair loss treatment and removal services provide consumers with a variety of procedures and treatments that address many hair-care needs. Over the past five years, the industry has experienced strong growth due to the increasing popularity of industry services. In fact, industry revenue has been increasing at a CAGR of 2.0% over the past five years, and is expected to reach $2.9 billion in 2023. This includes an increase of 2.0% in 2023. Industry operators can attribute growth throughout most of the period to the rising emphasis consumers have placed on physical appearance. This focus has transitioned industry services from purely cosmetic, discretionary treatments to procedures deemed necessary for general personal upkeep. Aging males seeking hair loss treatment and females seeking hair removal services dominate industry demand. As a result, industry revenue experienced strong growth for the majority of the period. In 2020, however, the COVID-19 pandemic significantly hampered revenue growth due to social-distancing regulations and temporary establishment shutdowns.

This industry comprises establishments that primarily engage in nonsurgical treatments for hair loss and replacement, as well as hair removal and scalp treatment services. Hospitals and medical clinics that provide hair restoration surgeries are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.