About Alopecia Treatment
The Alopecia Treatment market is expected to grow in the future due to a rising R&D activity to improve treatment options and accelerated regulatory approvals. There are five major kinds of alopecia to be specific such as androgenic alopecia, alopecia areata, alopecia totalis, cicatricial alopecia, and telogen effluvium. The rising prevalence of chronic diseases, such as acute stress disorder, Polycystic Ovary Disease (PCOD), hyperthyroidism, hypothyroidism, cancer, lupus, and hypopituitarism across the globe, is expected to augment the revenue growth over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Alopecia Treatment market is witnessing a rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some of the companies are increasing the market presence by securing new contracts and tapping new markets. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Alopecia Treatment 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 & JohnsonServices, Inc. (United States), Sun Pharmaceutical Industries Ltd (India), Cipla Inc. (India), Lexington International LLC (United States), Merck & Co., Inc. (United States), Vita-Cos-Med Klett-Loch GmbH (Germany), Cirrus Hair Centers (United States), Transitions Hair Pty Ltd. (United States), Capillus (United States) and Follica, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Alopecia Treatment market by Type (Topical Drugs (Creams, Oils, Gels, Shampoo, Lotions, Foams), Oral Drugs, Injectable Drugs (Platelet-rich Plasma. Injections, Injectable Fillers), Hair Transplant Services and Low-level Laser Therapy), Application (Androgenic Alopecia, Alopecia Areata, Alopecia Totalis and Others) and Region.
On the basis of geography, the market of Alopecia Treatment 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 Drug, the sub-segment i.e. Minoxidil will boost the Alopecia Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Prescriptions will boost the Alopecia Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Alopecia Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements and the Development of Novel Therapeutic Drugs
Market Growth Drivers:
Surge in Geriatric Population, Rise in Prevalence of Alopecia Conditions such as Androgenic Alopecia, Alopecia Areata, Alopecia Totalis, and Others and Increase in Prevalence of Chemotherapy-Induced Alopecia
Challenges:
Side Effects, Reactions, and Allergies Caused by Alopecia Treatments
Restraints:
Lack of Reimbursement Policies and High Cost of Medications
Opportunities:
Surge in Patient Awareness Regarding the Alopecia Totalis Disorder and Large Presence of Pharmaceutical Companies
Market Leaders and their expansionary development strategies
In December 2023, Pfizer and Mylan announced a collaboration to develop and commercialize tofacitinib, a JAK inhibitor, for the treatment of alopecia areata. This partnership combines Pfizer's expertise in developing and commercializing innovative medicines with Mylan's established strength in generics and specialty pharmaceuticals.
In November 2023, Eli Lilly received FDA approval for Olumiant (baricitinib), a JAK inhibitor, for the treatment of adult patients with severe alopecia areata. This marks the first FDA-approved medication for the treatment of alopecia areata.
Key Target Audience
New Entrants/Investors, Analysts And Strategic Business Planners, Alopecia Treatment Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, And Distributors, Venture Capitalists And Private Equity Firms, Government Regulatory And Research Organizations and End-Use Industry
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.