No one wants to hear that they have an 80 percent chance of going bald, but for men who live long enough, they’re faced with these very odds. Business Week reports that eight out of ten men will experience hair loss to some degree. For most men, losing their hair is not something that happens overnight. It’s a gradual process where the hair begins to thin and fall out in certain areas. But for others, hair loss happens quickly, and there’s little to be done to slow the process. No matter how hair loss starts, the first signs can be damaging to one’s self esteem.
With the staggering numbers of men who will ultimately face hair loss, it’s no surprise that hair loss products have resulted in a multi-billion dollar industry. There is an endless array of hair loss products on the market, each one promising its own unique benefits. Most men start with over-the-counter remedies since these are most economical, readily available and the least invasive. Men aren’t afraid to spend money on these products, either. Consider that people spend $2 billion on hair loss treatments each year in hopes that these products will restore their hair growth.
When it comes to hair loss products, the reviews are always mixed. Some men have great success, others do not and others fall somewhere in the middle. The key, like with any type of regimen, is to find the right balance of products. Men who have success with hair loss products often combine two different types of hair loss treatment to achieve the desired results. There are four types of hair loss treatments and these include DHT inhibitors, growth stimulants, anti-androgens and anti-inflammatories. Don’t let the technical terms fool you; you already know these products by their brand names.
Rogaine and Propecia: FDA Approved and Dominating the Market
To save you some time, there are only two hair loss treatments that have been approved the FDA: Minoxidil (Rogaine) and Finasteride (Propecia). Both are equally popular but fight hair loss in different ways.
Rogaine is a growth stimulant that creates new hair growth. The product brings in an estimated $73 million each year and has the statistics to back up its claims. With an 85 percent chance of regrowing new hair, it’s no surprise why men are willing to pay the big bucks to use this product, which can be easily purchased off the shelves of any pharmacy or supermarket. The trick to using Rogaine is that it needs to be used with other hair loss treatments to deliver the best results.
When using Rogaine by itself, it’s not uncommon to take two steps forward and one step back since the root cause of the problem isn’t being addressed. This is because Rogaine promotes new hair growth by stimulating the hair follicles, but it doesn’t reach the underlying reason for the hair loss. When coupled with a DHT inhibitor like Propecia, the results will be much more significant. DHT inhibitors stop the cause of the problem and control the body’s production of the hormone DHT. The makers of Propecia, Merk, make about $400 million each on year on this product alone.
Private Labels: Minoxidil and Finasteride
The main ingredient in Rogaine is minoxidil, which is responsible for stimulating the hair growth and slowing balding. Some stores sell their own private label of minoxidil that is less expensive than name-brand Rogaine and offers the same results. The same goes for finasteride; you can find this active ingredient through private labels without having to shell out more money to use name-brand Propecia. However, most people know the names Rogaine and Propecia, and these are the first products that people go for.
All-Natural, Over-the-Counter Remedies
Recently, there has been another growth stimulant to hit the shelves: Tricomin. The difference between Tricomin and Rogaine is that Tricomin is completely natural so it uses a different balance of ingredients. Both hair loss treatments can be used synergistically to offer the best results, which is hair growth from two different angles.
Natural remedies are becoming more popular thanks to better awareness of chemicals and our exposure to them. In fact, we can expect to see more all-natural products come up over the years that have higher price tags because of their natural composition. Like other natural products on the market, people won’t mind spending more money on them because of their organic composition, even though the products may lack in efficiency.
Hair Care Products for Hair Loss
No matter which hair loss treatment is chosen, most men choose to combine their treatment with a professional line of hair care products. Like those that choose to color their hair and use products to cultivate the color, there are products designed specifically for those with hair loss. These products don’t come cheap and generally start around $10 for a small bottle of shampoo, conditioner or hair gel. Some of the most popular products you’ll find stocked on the shelves are made by LaCoupe and Nioxin.
These products sell themselves because they use patented technology that increase the fullness of each individual strand of hair, protect the hair from environmental factors and provide moisture. These elements are designed to complement one another and foster new hair growth for men. Many of the shampoos are used several times a week while others are used daily. Either way, these attractive products take the place of inexpensive bottles of shampoo and conditioner and add to the multi-billion dollar hair loss industry.
Hair Loss Industry Expected to Grow
So why do people spend so much money on hair loss products? Simply put, hair defines us. It represents youth, vitality and strength, so the very thought of not having hair is difficult for people to accept. Although hair loss products are a multi-billion dollar industry, consider the multi-billion dollar economy at large and where people put their money. Fashion, cosmetics, weight loss products and cosmetic surgery are just a few of the other industries that account for this phenomenon.
To elaborate on this concept, people are now living longer and trying to overcome the barriers of age. You’ve probably heard, “age is just a number,” and that is the mentality that people are carrying with them. By keeping our good looks, hair included, it’s almost like fooling yourself into thinking that you’re still young. And the manufacturers of hair loss treatments know how to play into these emotions. By showing off the full heads of hair on men that once were bald, it’s not hard to understand why men invest money to achieve these very same results, just like weight loss products that lure in those who are desperate to lose weight.
The hair loss treatment industry is not one that will be slowing down any time soon. In fact, we can expect to see it grow as new technologies, hair loss treatments, hair transplant and natural products hit the market and promise their own set of benefits. This is, after all, what keeps the industry growing as there is always a new product to try no matter what stage of the game you’re in.
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