Although the recession led to reduced spending on industry services due to high unemployment and low disposable incomes, demand is forecast to pick up as the economy recovers. Industry growth will be driven by improving disposable income, an aging population and an increasing emphasis on outward appearance. Many major operators will seek to expand internationally and launch new brands, products and services. At the same time, they will continue to experience competition from substitutes, such as surgical procedures, pharmaceuticals, herbal remedies and lotions.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.