Global Alopecia Therapeutics Market: Industry Analysis and Forecast (2020-2026)

 Global Alopecia Therapeutics Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 9.6% during forecast period.

Global Alopecia Therapeutics Market Overview:

Alopecia is a condition that leads to severe hair loss or damage, which is caused by certain nutritional problems or medical conditions. It is a type of autoimmune disorder that results in bald spots and partial or complete hair loss.

Global Alopecia Therapeutics Market Dynamics:

The rising prevalence of alopecia all over the world is expected to boost demand for alopecia treatment drugs.
According to the data published, alopecia affects about 0.7 to 3% of the population in the United States and about 2% of the population in the United Kingdom. Other factors such as the increasing prevalence of chronic diseases around the world, stress disorder, Polycystic Ovary Disease (PCOD), hyperthyroidism, hypothyroidism, cancer, and hypopituitarism also result in Alopecia, which in turn aids the market growth for Alopecia treatment. The increasing demand for hair loss treatment drugs with improved efficacy and reduced side effects is propelling the alopecia treatment market forward. Cytokine therapy and regenerative cell therapy have gained popularity in recent years to treat the different forms of alopecia. In addition to this, combination therapies are also gaining momentum and are expected to create potential growth opportunities in the forecast period. Alopecia can also be treated with a variety of medications and surgical procedures, including hair transplantation, scalp reduction surgery, and others. These procedures contribute to the growth of the Alopecia Therapeutics market. Also, some other key factors such as changing lifestyles increased consumption of alcohol & tobacco, and growing population are also expected to fuel the market growth. Rising awareness for aesthetic appearance, increasing disposable income, ongoing research and development for the production of new therapies impact positively on the market growth.

Besides this, certain factors like poor demand for alopecia treatment drugs, high cost of treatment and lack of awareness in underdeveloped countries are anticipated to hamper the growth of Global Alopecia Therapeutics Market. Over the years, the FDA has approved only a few therapies for alopecia treatment, indicating a demand and supply gap that may hamper the global Alopecia Therapeutics market's growth.

The report has profiled twenty key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Alopecia Therapeutics Market Segment Analysis:

The Global Alopecia Therapeutics market is segmented on the basis of Disease Type, Gender, Drug Type and Route of Administration.

Based on the Disease Type, the Alopecia Areata segment is expected to hold a dominant market share during the forecast period. The segment also held a dominant share of 30% in the year 2019. The segment growth is attributed to certain factors like the high prevalence of the disease worldwide and increasing awareness amongst the people. It is most prevalent in people suffering from autoimmune diseases such as Down’s syndrome, diabetes, and hypothyroidism.

Androgenic alopecia is expected to witness the fastest growth, owing to the expected launch of many promising drug candidates as well as an increasing incidence rate. Androgens cause alopecia in people who have a hereditary predisposition to it.

Based on the Gender, the male segment is the most dominant segment as the rate of incidence of alopecia is more in men than women. The American Hair Loss Association and the National Library of Medicine states that, almost 50% of men undergo some degree of hair loss by the age of 50. Androgen is a major factor in the development of androgenic alopecia in men. Furthermore, the growing geriatric population and tobacco consumption are two additional factors expected to boost the segment growth.

Based on the Drug Type, Minoxidil drug dominates the market and is expected to continue its dominance throughout the forecast period. It is available as the over-the-counter drugs which is the key factor driving its demand. Minoxidil helps in the regrowth of hair or slow the rate of hair loss. The increase in demand for Minoxidil medication for alopecia care is due to certain factors like the rise in prevalence of chronic diseases such as arthritis, depression, hypertension, and cancer treatment that causes hair loss from the patient's body.

Global Alopecia Therapeutics Market

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Global Alopecia Therapeutics Market Regional Insights:

Global Alopecia Therapeutics Market 1
North America is expected to dominate the global Alopecia Therapeutics market during forecast period.

North America held a dominant market share of 35% in the year 2019. Because of its technologically advanced healthcare system, high disposable income, and availability of innovative therapeutics options, North America is expected to continue its dominance during the forecast period. Alopecia Areata affects one in every 500 to 1,000 individuals in the United States, states the US National Library of Medicine.
APAC is expected to witness lucrative growth opportunities during the forecast years.

Due to increased awareness of alopecia treatment and increased acceptance of alopecia treatment products, Asia-Pacific offers potential opportunities for key players in the alopecia treatment industry. Furthermore, improvements in healthcare infrastructure, presence of advanced medical facilities, growth in the R&D sector, an increase in healthcare reforms and technological advances drive the market growth in the region.

The report also helps in understanding Global Alopecia Therapeutics Market dynamics, structure by analyzing the market segments and project the Global Alopecia Therapeutics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Alopecia Therapeutics Market make the report investor’s guide.
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Global Alopecia Therapeutics Market 2
Global Alopecia Therapeutics Market, By Region:

• North America
• Europe
• South America
• MEA
• APAC
Global Alopecia Therapeutics Market, Key players:

• Vitabiotics
• Merck & Co.
• Alpecin
• Dr. Reddy’s Laboratories
• Cipla
• Johnson & Johnson
• Kirkland Signature
• Phyto Ales Group
• Lifes2good
• Teva Pharmaceuticals USA, Inc.
• Pfizer Inc.
• GlaxoSmithKline plc
• Abbott
• Zydus Pharmaceuticals
• Sun Pharmaceutical Industries Ltd.
• Aurobindo Pharma
• Alès Groupe
• Gerolymatos International SA
• Daiichi Sankyo Company Limited
• Histogen Inc.

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