About Hair Loss Medication
Hair loss is a medical condition that refers to loss of hairs from head or any part of the body. This condition can occur in both male and female and at any age. A medication is a treatment that is applied to a particular place on or in the body and it comes in large range of classes including creams, foams, gels, lotions, and ointments. Furthermore, this treatment is slows or stops hair loss and promotes hair regrowth. The increasing level of air and water pollution, changing lifestyles of people such as increasing consumption of alcohol, tobacco, and other related products, and the rapidly growing geriatric population are the factors expected to boost the hair loss treatment market in near future
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hair Loss Medication market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson & Johnson (United States), Taisho Pharma (Japan), P&G (United States), DrFormulas (United States), Dr.R.PFLEGER (Germany), Vitabiotics (United Kingdom), Alpecin (Germany), Concert Pharmaceuticals, Inc. (United States), Cipla (India) and Marico (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ranbaxy Laboratories (India) and Henkel (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Hair Loss Medication market by Type (Minoxidil Solution, Herbal Extract Treatment and Other), Application (Male and Female) and Region.
On the basis of geography, the market of Hair Loss Medication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Hair Loss Medication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Dermatology clinics will boost the Hair Loss Medication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Hair Loss Treatment
Market Growth Drivers:
Increasing Global Prevalence of Hair Loss and Changing Life Style Along with Increasing Stress Level Which Led To Hair Loss
Challenges:
Probable Side Effects, Reactions and Allergies Caused By Treatments
Restraints:
High Cost of Medications and Presence of Alternate Hair Loss Therapy
Opportunities:
Development of Innovative Therapeutic Medications
Market Leaders and their expansionary development strategies
In May 2022,Unilever announced today that it has signed an agreement to acquire a majority stake in Nutrafol, a leading provider of hair wellness products. Unilever currently holds a minority stake in Nutrafol through Unilever Ventures
In September 2021, Dr. Reddy's Laboratories announced on the launch of the prescription drug Minoxidil topical solution USP 2% and 5% for the treatment of female pattern hair loss. Dr. Reddy's will sell its products under the brand names Mintop TM 2% and Mintop Eva™ 5% respectively.
Male Androgenetic Alopecia (MAA) is the most common form of hair loss in men, affecting 30-50% of men by age 50. Topical minoxidil and oral finasteride are approved by the Food and Drug Administration (USA) for the treatment of MAA. Both medications prevent further hair loss, but only partially reverse baldness, and require continuous use to maintain the effect.
Key Target Audience
Manufacturers of Hair Loss Medication, Suppliers of Hair Loss Medication, Distributors and Retailers of Hair Loss Medication, Government Bodies, Research Firms and Hair Loss Treatment Providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.