Industry Background:
According to the American Hair Loss Association, androgenetic alopecia accounts for over 95% of hair loss in men. Alopecia is a term that refers to excessive hair damage under certain medical conditions or dietary issues. Factors like sedentary lifestyle, and unhealthy diets are a leading to loss of hair among people. Further, ageing and hormonal imbalance, increasing chronic disease like arthritis, cancer, hypertension, depression also leads to hair loss are driving the Global Alopecia Market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Lifes2good (Ireland), Kirkland Signature (United States), Johnson & Johnson Services (United States), Dr. Reddy's Laboratories (India), Cipla Inc.(India), Alpecin (Germany), Vitabiotics Ltd. (United Kingdom), Sun Pharmaceuticals Industries Ltd. (India) and Phyto Ales Group (France) |
According to AMA, the market for Alopecia is expected to register a CAGR of 6.92% during the forecast period to 2028. This growth is primarily driven by Increasing Level of Genetic Disorders, Air and Water Pollution, Rising Healthcare Expenditure, Effective Treatment Option for Hair Treatment & its Awareness and Demand for Alopecia Treatment in Developing Countries.
Globally, a noticeable market trend is evident Changing Lifestyle of People
The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Lifes2good (Ireland), Kirkland Signature (United States), Johnson & Johnson Services (United States), Dr. Reddy's Laboratories (India), Cipla Inc.(India), Alpecin (Germany), Vitabiotics Ltd. (United Kingdom), Sun Pharmaceuticals Industries Ltd. (India) and Phyto Ales Group (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented with numerous players who continuously involved in identifying Drugs and Treatment for Alopecia. The large populations suffering from Alopecia and the rising awareness levels pertaining to the available therapeutic options are driving the market. Further intensive research activities towards introducing innovative treatment options and growth in disposable incomes of the general population will allow significant growth of this market.
Key Developments in the Market:
November 2018, Sammued LLC Company announced the first subject dose in Phase 2/3 trial of SM04554, a topical small molecule Wnt pathway activator which specifically stimulates hair growth in men and women.
July 2018, The Bald Truth was launched which is a weekly online streamed radio show hosted by Spencer Kobren, founder and president of the American Hair Loss Association. and A radio program involved in spreading awareness about the different types of alopecia affecting people and about the varied products used for the effective treatment of alopecia that is currently available in the market.
Regulatory Insights:
July 2018, The Food and Drug Administration (FDA) approves of the Janus kinase inhibitors (JAK) drugs that stimulate the growth of hair follicles with minimal side effects.
Influencing Trend:
Changing Lifestyle of People and Growing Geriatric Population Undergoing Alopecia Treatment
Market Growth Drivers:
Increasing Level of Genetic Disorders, Air and Water Pollution, Rising Healthcare Expenditure, Effective Treatment Option for Hair Treatment & its Awareness and Demand for Alopecia Treatment in Developing Countries
Challenges:
Cost Factor Associated with the Alopecia Treatment
Restraints:
Probable Side Effects and Allergies Caused due to Alopecia Treatment
Opportunities:
Increasing R & D Investment For Hair Loss Treatment and Demand for Surgical Hair Transplant
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Alopecia Market
- Analysis about New Entrants in Alopecia Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Alopecia Study Sheds Light on
The Alopecia Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Alopecia industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Alopecia industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.