About Minoxidil
Minoxidil is a medication used for the treatment of male-pattern hair loss. It is an antihypertensive vasodilator. As hair is extensively affected by harmful factors such as dust, unhealthy eating habits, and pollution boosting the demand of minoxidil. The demand for minoxidil is expected to grow in the forecasted period with a rise in disposable income, rapid population growth and growing awareness about hair care products and its advantages
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
The fragmented nature of the market is due to the great number of players present in the market. The increasing demand from the emerging economies is also driving the demand for the minoxidil market. The companies are seeking ways to reduce cost, improve product quality and production efficiency. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Minoxidil 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.
Taisho Pharmaceutical Co., Ltd. (Japan), Costco Wholesale (United States), Walmart Inc. (United States), Procter & Gamble Company (United States), Sichuan Medco Pharmaceutical Co., Ltd. (China), DrFormulas (United States), Dr.R.PFLEGER (Germany) and Par Pharmaceutical (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Minoxidil market by Type (2% Minoxidil and 5% Minoxidil) and Region.
On the basis of geography, the market of Minoxidil 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. Online will boost the Minoxidil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Awareness among Consumers about Hair Care and Treatment and Increasing Focus of Millennials on Physical Appearance
Market Growth Drivers:
The Increasing Hair Damage and Hair Fall Problems Due to Rising Air Pollution and Changing Lifestyle Standard Fueled By Rising in Disposable Income
Challenges:
Concern towards Some Allergies with Sensitive Skin
Restraints:
High Cost of these Products
Opportunities:
Growing Beauty Pageants across the world and Rising Demand in Emerging Countries
Market Leaders and their expansionary development strategies
In February 2024, Dermatologist-powered personalized skincare brand Curology announced today their launch into the hair care category with its latest innovation, Hair FormulaRx. This personalized prescription hair growth treatment contains clinically proven ingredients that help to regrow hair in as little as three months.*
In March 2024, ViaDerma, Inc. (OTC Pink: VDRM) is pleased to announce their plans to launch a new hair regrowth product using Minoxidil (topical route). The company will incorporate their proprietary, patent-pending dual carrier transdermal delivery technology with Minoxidil to create their new hair regrowth product.
Key Target Audience
Minoxidil Manufacturers and Suppliers, Raw Material Suppliers, Potential Investors, Research Organizations, Industry Associations, Market research and consulting firms and Others
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.