June 7, 2023

The Alopecia Treatment Market 2023 Size Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

The global alopecia treatment market size stood at USD 8,894.78 million in 2019 and is projected to reach USD 13,454.16 million by 2027, exhibiting a CAGR of 5.2% during the forecast period. There are various topical solutions in the form of gels, serums, and shampoos that are being commercialized for the treatment of alopecia. Also, several oral drugs and injectable procedures are approved in dermatology clinics and other medical settings as a treatment solution for people suffering from alopecia. Hence, increasing research and development activities to manufacture permanent cure for the condition will significantly drive this market growth during the forecast period. Alopecia Treatment Market Size, Share & Industry Analysis, By Route of Administration (Topical, Injectable, Oral), By Gender Type (Male, Female), By Age Group (Below 18 years, 18 – 34 Years, 35 – 49 Years, Above 50 Years), By End User and Regional Forecast, 2020-2027

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Market Growth Drivers:

Increasing prevalence of alopecia across the world is one of the primary factors augmenting alopecia treatment market growth during the forecast period. Increasing habit of binge eating coupled with sedentary lifestyle and growing stress levels are responsible for severe hair loss and damage. This disease is mostly prevalent in male. However, it affects women as well. Growing inclination towards aesthetic beauty is one of the factors influencing the population to adopt treatment for the condition and thereby augmenting hair fall treatment market growth. According to the International Society of Hair Restoration Surgery (ISHRS), each year, about 35 million men in the U.S. are affected by alopecia. This growing incidence is likely to captivate the population towards hair reinstatement treatment options. Moreover, the launch of innovative products is also expected to draw patient population towards this market across the projected timeframe. According to ISHRS, due to the increasing incidence of the disease, hair restoration procedures have been grown by more than 60% since 2015. Hence, rising patient pool and prevalence of alopecia are estimated to elicit lucrative growth of this market during the forecast period.

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Who are the Major Alopecia Treatment Market Vendors?

  • Aclaris Therapeutics, Inc.
  • Follicum AB
  • Fagron
  • Concert Pharmaceuticals Inc.
  • Sun Pharmaceutical Industries Ltd.
  • Daiichi Sankyo
  • Cipla Inc.
  • Johnson & Johnson
  • GlaxoSmithKline plc.
  • Merck & Co., Inc.,
  • Others

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favourable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period [2022 – 2029].

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