Hair Loss Treatment Manufacturing in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS OD4136Revenue
$3.8bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
4,947
Businesses
378
Wages
$XXX.Xm
Hair Loss Treatment Manufacturing in the US industry analysis
The proliferation of low-cost generic oral hair loss treatments in recent years has made such treatments more accessible. However, the prevalence of generic products has intensified competitive price pressures, adversely affecting industry revenue. Furthermore, demand for hair loss treatments declined in 2020 because of COVID-19. Also, consumer confidence has dropped for most of the period and soaring inflation has caused interest rates to skyrocket. So, industry-wide revenue has been decreasing at a CAGR of 2.0% over the past five years, including an estimated 3.3% increase in the current year, and is expected to total $3.8 billion in 2023. In the same year, profit is projected to plateau to 9.6%.Hair loss affects both men and women, with some forms of hair loss, like involutional alopecia, becoming more prevalent with age. According to the American Hair Loss Association, about 85.0% of men will experience thinning hair by the age of 50. Meanwhile, women comprise an estimated 40.0% of individuals contending with hair loss in the United States. Hair loss can be attributed to several factors, including genetics, illness and medication side effects. According to the International Society of Hair Restoration Surgery, more than 75% of individuals surveyed who received hair-loss treatment in 2022 sought treatment because of genetic hair loss (latest data available). Other reasons cited included reconstructive needs at 4.0%, post-cosmetic surgery needs at 3.0%, transgender needs at 1.6% and other reasons, like diseases, at 9.4%. Following hair transplants, some patients require additional treatment, like minoxidil, copper peptide solutions, low-level laser therapies and platelet-rich plasma.The hair loss treatment industry likely benefits from increased demand by individuals experiencing hair loss as a direct side effect of using various medications like blood thinners, cholesterol-lowering or beta-blocking drugs. Furthermore, large wholesalers and supermarkets seeking to produce their own store-brand products may create additional demand for hair loss treatments, boosting competition in the industry. So, industry revenue is expected to increase at a CAGR of 2.1% over the next five years, reaching $4.2 billion in 2028. Still, strong demand for products manufactured overseas and low-cost generic oral hair loss treatments will continue to stifle growth.
Trends and Insights
- The Hair Loss Treatment Manufacturing industry has faced challenges. COVID-19 and the increased market presence of generic substitutes have impacted the industry's expansion.
- The hair loss treatment industry is dominated by oral and topical products like Propecia, Rogaine, and biotin. Most are easily accessible without a prescription, except for finasteride.
- The Hair Loss Treatment Manufacturing industry is highly concentrated in the West and Mid-Atlantic regions of the United States. The Mid-Atlantic region is home to large pharmaceutical companies like Merck & Company Inc.
- Product diversity is the driving factor of competition among hair loss treatment manufacturers. To appeal to all consumer segments, they must create and market various products, including topicals, ingestible and laser treatments.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 2.0 % over the past five years, to reach an estimated $3.8bn in 2023.
Trends and Insights
The US Food and Drug Administration (FDA) has approved only a few drugs for hair loss treatments
- The US Food and Drug Administration (FDA) has approved two products for hair loss: Propecia (finasteride) and Rogaine (minoxidil), sustaining demand despite price competition.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Patent expirations will represent the major threat to the industry
- The Hair Loss Treatment Manufacturing industry will face moderate growth over the next five years. However, some brand-name products will lose patent exclusivity, cutting into revenue growth for branded product manufacturers.
Biggest companies in the Hair Loss Treatment Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Johnson & Johnson | 44.8 | 6.9 | 15.4 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Topical treatments, Shampoo and Laser treatments. Topical treatments is the largest segment of the Hair Loss Treatment Manufacturing in the US.
Trends and Insights
Oral and topical hair loss treatments account for the majority of revenue
- Oral and topical treatments remain the pillar of the hair loss treatment industry, with key products including Propecia (finasteride), Rogaine (minoxidil), biotin, Avodart and saw palmetto.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Brand Name Pharmaceutical Manufacturing in the US
- Hair Loss Treatment & Removal in the US
- Biotechnology in the US
Complementors
- Generic Pharmaceutical Manufacturing in the US
- Drug, Cosmetic & Toiletry Wholesaling in the US
- Pharmacies & Drug Stores in the US
- Scientific Research & Development in the US
International industries
- Global Cosmetics Manufacturing
- Cosmetic & Beauty Product Manufacturing in Canada
- Cosmetics, Perfume and Toiletries Manufacturing in Australia
- Perfume & Cosmetics Manufacturing in the UK
- Cosmetic & Personal Care Product Manufacturing in China
Table of Contents
About this industry
Industry definition
This industry develops and produces solutions that prevent or restore hair loss. Products in this industry include topical applications, orally ingestible treatments, hair transplants and laser follicle stimulation.
What's included in this industry?
Developing and manufacturing orally ingested hair loss treatmentsDeveloping and manufacturing hair loss treatments for topical applicationProviding surgical hair transplant proceduresDeveloping and manufacturing laser hair restoration treatmentsCompanies
Johnson & JohnsonPurchase this report to view all 1 major companies in this industry.
Related Terms
MALE PATTERN BALDNESSFINASTERIDEMINOXIDILPATENT CLIFFIndustry Code
NAICS 32562 - Hair Loss Treatment Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The Hair Loss Treatment Manufacturing industry has faced challenges. COVID-19 and the increased market presence of generic substitutes have impacted the industry's expansion.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The hair loss treatment industry is dominated by oral and topical products like Propecia, Rogaine, and biotin. Most are easily accessible without a prescription, except for f...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Hair Loss Treatment Manufacturing industry is highly concentrated in the West and Mid-Atlantic regions of the United States. The Mid-Atlantic region is home to large phar...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Product diversity is the driving factor of competition among hair loss treatment manufacturers. To appeal to all consumer segments, they must create and market various produc...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Hair Loss Treatment Manufacturing industry has no easily distinguishable top player; this is particularly because several manufacturers have lost their patents, which has ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Johnson & Johnson's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Johnson & Johnson, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The FDA tightly regulates the Hair Loss Treatment Manufacturing industry, requiring extensive data to show product safety and efficacy. Marked products face ongoing review, w...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Patent expirations for key hair loss treatments have reduced profit growth. Also, forced closures during COVID-19 greatly impacted the industry demand.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Hair Loss Treatment Manufacturing in the US industry in United States in 2024?
The market size of the Hair Loss Treatment Manufacturing in the US industry in United States is $3.8bn in 2024.
How many businesses are there in the Hair Loss Treatment Manufacturing in the US industry in 2023?
There are 378 businesses in the Hair Loss Treatment Manufacturing in the US industry in United States, which has grown at a CAGR of 3.3 % between 2018 and 2023.
Has the Hair Loss Treatment Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Hair Loss Treatment Manufacturing in the US industry in United States has been declining at a CAGR of 2.0 % between 2018 and 2023.
What is the forecast growth of the Hair Loss Treatment Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Hair Loss Treatment Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Hair Loss Treatment Manufacturing in the US market in United States?
The biggest company operating in the Hair Loss Treatment Manufacturing market in United States is Johnson & Johnson
What does the Hair Loss Treatment Manufacturing in the US in United States include?
Developing and manufacturing orally ingested hair loss treatments and Developing and manufacturing hair loss treatments for topical application are part of the Hair Loss Treatment Manufacturing in the US industry.
Which companies have the highest market share in the Hair Loss Treatment Manufacturing in the US in United States?
The company holding the most market share in United States is Johnson & Johnson.
How competitive is the Hair Loss Treatment Manufacturing in the US industry in United States?
The level of competition is moderate and increasing in the Hair Loss Treatment Manufacturing in the US industry in United States.
