The scalp cooling system is a medical device used to prevent or reduce hair loss in cancer patients undergoing chemotherapy. It works by cooling the scalp and reducing the amount of chemotherapy drug absorbed by hair follicles. With rising cancer incidence globally, the need for scalp cooling systems is increasing to improve the quality of life of cancer patients.
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 key trends:
Increasing preference for scalp cooling over hair wigs and cold caps has been a key driver of scalp cooling system market growth over the past few years. Scalp cooling minimizes scalp pain and discomfort associated with keeping the head cold, provides better and quicker results, and avoids psychological trauma related to hair loss faced by cancer patients. With growing awareness about these benefits, more patients are opting for scalp cooling techniques in chemotherapy to reduce hair loss and associated psychological impact. This rising adoption rate of scalp cooling systems will continue fueling growth of this market during the forecast period.
SWOT Analysis
Strength: Scalp cooling systems help reduce hair loss in cancer patients undergoing chemotherapy. They help maintain the patient’s self-image and quality of life during treatment.
Weakness: Scalp cooling requires precise timing and maintenance of temperature levels to be effective. It may not suit all patients and chemo drugs. There are also safety concerns about its interaction with chemotherapy.
Opportunity: Growing cancer cases and demand for non-medical hair loss solutions create scope for scalp cooling adoption. New technologies can improve efficacy and expand indications.
Threats: High costs of cooling systems and lack of insurance coverage in some regions limit access. Alternative therapies and wigs also compete for market share.
Key Takeaways
The global scalp cooling system market is expected to witness high growth over the forecast period of 2023-2030. 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 currently dominates the market owing to higher patient affordability and awareness about scalp cooling. Europe is also a major regional market supported by reimbursements and favorable regulatory environment in countries like Germany.
Key players operating in the scalp cooling system market are Dignitana Inc., Penguin Cold Caps, and Paxman. Dignitana is a market leader with multiple FDA-cleared devices and a strong global presence across 35+ countries. The company continues launching upgraded products based on its proprietary technology platform. Other players are scaling up manufacturing and expanding into new geographic territories to increase footprint.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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