NEW YORK, Dec. 15, 2016 /PRNewswire/ -- The Hair Loss Treatment Manufacturing industry includes companies that produce restorative hair equipment such as grafts for hair restoration, as well as oral and topical treatments.
For the full report, visit IBISWorld's Hair Loss Treatment Manufacturing in the U.S. industry report page.
Hair loss affects both females and males, with some forms of hair loss, such as involutional alopecia, becoming more prevalent with age. Following hair transplants, some patients require additional treatment, which further spurs industry revenue growth. Over the five years to 2016, industry revenue is expected to decline an annualized 1.5% to $3.6 billion as a strengthening dollar constrains exports and producers lower prices in response to increased competition abroad. However, the proliferation of low-cost generic oral hair loss treatments has made industry products more accessible to consumers in recent years, resulting in an expected 1.6% increase in industry revenue in 2016 alone.
According to IBISWorld Industry Analyst Evan Hoffman, "Over the next five years, the advent of new treatments will likely provide a boon to the industry." For example, some researchers are developing methods to boost hair follicle regeneration, which may result in new industry products. New treatment options may also result in superior patient outcomes, enabling some industry operators to garner a strong customer following. Consequently, industry revenue is forecast to grow over the five years to 2021.
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