The lice treatment market size is projected to grow USD 0.2 billion by 2032, at CAGR 6.6 % during the forecast period.
The global Lice Treatment Market has witnessed significant growth in recent years, driven by the increasing prevalence of head lice infestations and the demand for effective solutions. The market is characterized by a surge in awareness about the importance of timely and efficient lice treatment, leading to the development of various products and remedies.
Hair lice treatment has become a focal point for both consumers and healthcare professionals, as the nuisance caused by head lice infestations continues to be a common concern. The market is witnessing a rising demand for lice remedies that are not only effective but also safe for use, especially among children.
Key players in the Lice Treatment Market are focusing on research and development to introduce innovative and technologically advanced products. These treatments often incorporate natural ingredients, providing a holistic approach to combating lice infestations. Consumers are increasingly seeking products that not only eliminate lice but also nourish and protect the hair and scalp.
Lice treatment products are available in various forms, including shampoos, creams, and combs. The market's growth is further fueled by the ease of accessibility and affordability of these products. With the increasing awareness about the importance of maintaining good personal hygiene, the demand for effective hair lice treatment is expected to continue growing.
Over-the-counter medications are the leading product type, but the market is also seeing growth in prescription options and alternative lice treatment methods. There's a focus on research and development to create safe and effective lice treatment formulas.
COVID-19 Impact: Interestingly, the COVID-19 pandemic appears to have had a mixed impact on the lice treatment market. While there were disruptions to supply chains, there were also reports of increased lice infestations due to school closures and lockdowns. Overall, lice treatment remained important during this time.
Major Key Players:
Some of the Lice Treatment Companies are AkzoNobel N.V., Alliance Pharmaceuticals Ltd., Bayer HealthCare, Dow AgroSciences LLC, Elanco, GlaxoSmithKline, Insight Pharmaceuticals, Johnson & Johnson, Omega Pharma, Pfizer, Sanofi, Suven Life Sciences, Taro Pharmaceuticals, Topaz Pharmaceuticals Inc., and others
Segment Analysis
The Global Lice Treatment Market is segmented based on type, treatment, end user, and region Based on type, the market is segmented into pediculosis capitis, pediculosis corporis, and pubic lice treatment. On the basis of treatment, the market is divided into two, i.e., OTC (over the counter) products and prescription medications. The OTC medication segment is bifurcated into permethrin, pyrethrin, and others. The prescription segment is sub-segmented into ivermectin, spinosad, malathion, and others. By distribution channel, the market is segmented into hospitals & clinics, retail pharmacies, and online platform. On the basis of region, the market is segmented into the Americas, Europe, Asia Pacific and the Middle East & Africa.
Regional Analysis
The Americas leads the global lice treatment market. This can be attributed due to growing child population and presence of major market players within the region. Moreover, the presence of developed economies like U.S. and Canada within the region boost the market growth. In 2017, followed by the Americas, Europe stood second in the global market owing to the presence of a well-developed healthcare infrastructure, increasing awareness and high healthcare expenditure. Asia Pacific was estimated to be the fastest growing region in 2017. This can be attributed due to the high contamination rate, increasing household income and growing penetration of the market players within the region. Moreover, rapidly growing pharmaceutical sector within the region boosts the market to grow. On the other hand, the Middle East and Africa held the least share in the global lice treatment market. This can be attributed due to the presence of poor economies, stringent government policies and low per capita income, especially within the African region. A majority of the of the market share within the Middle East & Africa is estimated to be held by the Middle East due to increasing government funding for healthcare, improving healthcare facilities and presence of developed economies like United Arab Emirates, Saudi Arabia, Kuwait, Dubai, and others.
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