What is the percentage of men that actually do something about their hair loss? I know its a rather small number, but the 10 billion dollar mark could be even higher IF there was a legitimate treatment as more men/women would be willing to actually spend the money for it, as a vast majority dont.
Lets do some math!
There are 7 billion people in the world, half of which are male. 50% of the worlds population was under 30 years of in 2012. So, we have 1.75 billion men in the world over the age of 30. Let's assume about 50% of the 1.75B men are balding, thus: 875 million. (25-33% of men are balding before 30 years of age, and up to around 66% by around age 50). But now we need to know how many men are actually seeking hair loss treatments. In China its around 47%. Let's go with that figure seeing how china's population trumps everything else. So now we have about 437 million men worldwide battling hair loss, roughly. Lets be generous and bring it down to around HALF of that; 220 million.
Now, this isn't even taking into account women or men under 30 years of age (which is a gigantic number in its own right).
Follica needs to hurry the hell up, those many hundreds of millions of people seeking treatments will have to be divided with Histogen and Replicel and if Pilofocus/Dr. Nigams hair doubling do in fact give regeneration, Follica is going to get an even smaller piece of the pie.
They're wasting precious time.
Lets do some math!
There are 7 billion people in the world, half of which are male. 50% of the worlds population was under 30 years of in 2012. So, we have 1.75 billion men in the world over the age of 30. Let's assume about 50% of the 1.75B men are balding, thus: 875 million. (25-33% of men are balding before 30 years of age, and up to around 66% by around age 50). But now we need to know how many men are actually seeking hair loss treatments. In China its around 47%. Let's go with that figure seeing how china's population trumps everything else. So now we have about 437 million men worldwide battling hair loss, roughly. Lets be generous and bring it down to around HALF of that; 220 million.
Now, this isn't even taking into account women or men under 30 years of age (which is a gigantic number in its own right).
Follica needs to hurry the hell up, those many hundreds of millions of people seeking treatments will have to be divided with Histogen and Replicel and if Pilofocus/Dr. Nigams hair doubling do in fact give regeneration, Follica is going to get an even smaller piece of the pie.
They're wasting precious time.
Comment