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Scalp cooling systems are medical devices used to cool the scalp and prevent hair loss during chemotherapy. It work by constricting the blood vessels in the scalp to reduce the amount of chemotherapy that reaches hair follicles. Scalp cooling systems offer an alternative for cancer patients undergoing chemotherapy to prevent hair loss. Some key products in the scalp cooling system market include the Paxman Scalp Cooling Cap, Dignitana’s DigniCap Scalp Cooling System, and Penguin Cold Caps among others.
The global scalp cooling system market is estimated to be valued at US$ 130 million in 2023 and is expected to exhibit a CAGR of 15.82% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing prevalence of cancer globally acts as a key driver for the scalp cooling system market. According to WHO, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020. The increasing number of chemotherapy procedures performed annually to treat cancer indications will correspondingly drive the demand for scalp cooling systems to prevent chemotherapy-induced hair loss. Additionally, the opening of new regional markets such as Asia Pacific and Latin America as well as technological advancements to improve the effectiveness of scalp cooling will propel the scalp cooling system market growth over the forecast period.
Segment Analysis
The global scalp cooling system market is dominated by scalp cooling caps segment due to its high efficacy and convenience in use. Scalp cooling caps are wearable cold caps designed to trap cold between the scalp and cap to lower scalp temperature during chemotherapy treatment. Scalp cooling caps are easy to use and less time consuming as compared to scalp cooling turbans or scalp venus network cooling systems.
PEST Analysis
Political: There are no significant political factors affecting the scalp cooling system market currently. Various governments are focusing on improving cancer treatment facilities which is encouraging for market growth.
Economic: Rising healthcare expenditures and increasing disposable incomes are driving demand for scalp cooling systems globally. However, high costs of these advanced systems can restrain market growth in price sensitive regions.
Social: Growing awareness about scalp cooling techniques and their benefits in preventing chemotherapy-induced hair loss is a major social factor boosting market adoption. Hair loss impact psychological well-being of cancer patients significantly.
Technological: Leading players are focusing on developing more efficient and user-friendly scalp cooling systems. Integration of thermoelectric Peltier technology and closed loop systems is enhancing scalp cooling effectiveness.
Key Takeaways
The global scalp cooling system market is expected to witness high growth over the forecast period due to rising cancer incidence and increasing awareness. The global scalp cooling system market is estimated to be valued at US$ 130 million in 2023 and is expected to exhibit a CAGR of 15.82% over the forecast period 2023-2030.
North America dominates currently due to well established healthcare systems and growing acceptance of scalp cooling among oncologists and patients for minimizing chemo hair loss impact. The scalp cooling system market in Asia Pacific is anticipated to grow at fastest pace during the forecast period led by countries like China, India, and Japan. Increasing healthcare reforms and expenditures are improving cancer diagnosis and treatment in the region.
Key players operating in the scalp cooling system market are Dignitana Inc., Penguin Cold Caps, and Paxman. Dignitana Inc offers advanced scalp cooling technologies under its flagship DigniCap system and dominates market currently.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
