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Hair Loss Treatment and Removal in the US Industry Market Research Report from IBISWorld Has Been Updated
Date:1/4/2014

New York, NY (PRWEB) January 04, 2014

The Hair Loss Treatment and Removal industry provides consumers with a variety of procedures and treatments that address many hair care needs. Over the five years to 2013, revenue is expected to grow an average 1.5% annually to $568.6 million, including a 1.4% increase in 2013 alone after a slight dip during the recession. Hair treatment centers can attribute this growth to the rising emphasis consumers have placed on physical appearance. This focus has transitioned industry services from purely cosmetic, discretionary treatments to procedures necessary for general personal upkeep. Aging males seeking hair loss treatment and females seeking hair removal services dominate industry demand. These markets, along with modifications to the way hair care centers operate their businesses, helped keep the Hair Loss Treatment and Removal industry afloat during the recession.

According to IBISWorld Industry Analyst David Yang, “Over the past five years, hair care centers have adapted to the widening availability of more effective forms of treatment.” For example, hair loss treatment companies have been championing nonsurgical hair replacement techniques that provide consumers with real human hair weaved in between their existing follicles. Hair removal centers have also benefited from significant technological advancements. Many removal clinics now advocate laser removal methods and other forms of electrolysis as the most effective treatment. “Profit margins slightly declined, however, as competition intensified and firms lowered prices to attract customers during the recession,” says Yang.

Revenue for the Hair Loss Treatment and Removal industry is projected to grow over the next five years. The widening acceptance of hair loss treatment procedures and laser removal technology will boost industry revenue. Profit will also improve as increasing disposable income spurs demand for higher-margin medications and treatment procedures. In addition, hair care centers will begin expanding their target markets in hopes of boosting sales. Gender lines will be blurred as more males use hair removal procedures and more women undergo hair loss treatments. Finally, demand from adults over the age of 50, the industry's most stable market, will also increase. The population will continue to age and the number of adults in this age group will eclipse 114 million people by 2018. All of these factors will contribute to steady growth for the industry over the next five years.

Overall, hair loss treatment and hair restoration is a very large business sector and mostly fragmented with small, private operators. However, most hair restoration operations are surgical procedures and accounted for in the healthcare sector (IBISWorld 62 series). The non-surgical Hair Loss Treatment and Removal industry is dominated by three large chains, resulting in a medium level of market share concentration. Over the past five years, the number of small businesses declined as major players stepped up acquisitions and expansion. This is reflected by the moderate growth in the number of employees per establishment since 2008. Nonetheless, most hair treatment centers, including franchises of hair treatment chains, only serve local markets, which contributes to overall fragmentation.

For more information, visit IBISWorld’s Hair Loss Treatment and Removal industry
in the US industry report page.

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IBISWorld industry Report Key Topics

This Hair Loss Treatment and Removal 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.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2014/01/prweb11461480.htm.


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