About Hirsutism-Treatment
The reason for hirsutism can be measured using the number of certain hormones present in the blood including testosterone or hormones. The treatment for hirsutism includes various hair removable therapies such as (Electrolysis and Laser therapy), self-care methods and medications such as (oral contraceptives, anti-androgens, and topical cream). Increasing consumption of birth control pills result in increased sex hormone-binding globulin, technological advancements and growing adoption of biotechnology are the factors that have been supplementing the overall growth of the market. However, increasing side effects due to the medication of hirsutism have been limiting the growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Allergan, AbbVie, Bristol-Myers Squibb, Bayer, Sun Pharmaceutical, Pfizer Inc.. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hirsutism-Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allergan plc (Ireland), AbbVie Inc (United States), Bristol-Myers Squibb Company (United States), Bayer AG (Germany), Sun Pharmaceutical Industries Ltd. (India) and Pfizer Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hirsutism-Treatment market by Type (Idiopathic Hirsutism, Secondary Hirsutism and Others), Application (Hospitals and Clinics, Medical Research Laboratories and Academic Institutes) and Region.
On the basis of geography, the market of Hirsutism-Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Treatment, the sub-segment i.e. Medications will boost the Hirsutism-Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Medication, the sub-segment i.e. Oral contraceptives will boost the Hirsutism-Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Procedure, the sub-segment i.e. Electrolysis will boost the Hirsutism-Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diagnosis, the sub-segment i.e. Blood Tests will boost the Hirsutism-Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Birth Control Pills Leading to Increased Sex Hormone-Binding Globulin and Technological Advancements and Growing Adoption of Biotechnology
Market Growth Drivers:
Growing Adoption of Poor Lifestyle Habits Leading to Increased Incidences of Androgen-Related Disorders
Challenges:
Lack of awareness about hirsutism and High cost of some treatments
Restraints:
Side Effects of Androgen Therapy such as Testosterone and Dehydroepiandrosterone (DHEA)
Opportunities:
Robust Research and Developments in Hirsutism-Treatment Development
Key Target Audience
End users’ industry, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.