Alopecia Treatment (Hair Loss) Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 5.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Alopecia Treatment (Hair Loss) Market Analysis
Alopecia is a term used to describe excessive hair damage under certain medical conditions or dietary issues. A sedentary lifestyle and unhealthy diets are leading to loss of hair among masses. Furthermore, aging and hormonal imbalance, increasing chronic diseases like arthritis, cancer, hypertension, depression also leads to hair loss, especially among the middle-aged population. According to the American Hair Loss Association, androgenetic alopecia accounts for over 95% of hair loss in men. Over 800 thousand patients are seeking some kind of treatment for hair loss worldwide.
In recent years, many novel drugs have been approved by the regulatory bodies for the treatment of alopecia and many drugs are in pipeline, which are expected to receive approval in the near future. Concert Pharmaceuticals Inc. received fast track designation from the United States Food and Drug Administration, (FDA) for its novel product for the treatment of moderate-to-severe alopecia areata in January 2018. The launches of such novel products in the market is expected to drive the global alopecia treatment market growth in the near future.
Alopecia Treatment (Hair Loss) Market Trends
This section covers the major market trends shaping the Alopecia Treatment (Hair Loss) Market according to our research experts:
Female is Expected to Hold Largest Share Over the forecast period
About one-third of women experience hair loss (alopecia) at some time in their lives. Among postmenopausal women, as many as two-thirds suffer hair thinning or bald spots. Hair loss in women often has a greater impact than hair loss does on men, because it's less socially acceptable for them.
Androgenetic alopecia is the most common cause of hair loss in women. Alopecia can severely affect a woman's emotional well-being and quality of life. Although Alopecia is more common in male than female, the female has the largest share in the market owing to the factors such as high awareness levels coupled with increased frequency of Polycystic Ovary Syndrome (PCOS) causing a hormonal imbalance that leads to androgenetic alopecia.
North America Region Holds the Largest Market Share of Alopecia Treatment (Hair Loss) Market
North America dominates the Alopecia Treatment (Hair Loss) market due to the presence of technologically advanced healthcare infrastructure, high disposable income, and availability of novel therapeutics options pertaining to the treatments. According to the United States National Library of Medicine, Alopecia areata affects 1 in every 500 to 1,000 people in the United States. It is one of many recognized forms of alopecia, alopecia areata is the second most common form after androgenetic alopecia. Alopecia areata affects men and women equally, and it can occur in people of any ethnic background. Therefore, the high prevalence and the proportionally high treatment rates pertaining to hair loss in the U.S. are high major drivers for the North American market.
Alopecia Treatment (Hair Loss) Industry Overview
Some of the prominent industry players operating in total Alopecia Treatment (Hair Loss) market include Sun Pharmaceuticals Industries Ltd., Aclaris Therapeutics Inc., Cipla Inc., Concert Pharmaceuticals Inc., Daiichi Sankyo Inc. The development of advanced products for better outcomes and rigorous marketing is one of the competitive strategies adopted by the market players. In 2018, HCell Inc., a biotechnology company received orphan drug designation (ODD) for its product from the FDA. Furthermore, in 2017, Perrigo Company PLC. Launched over-the-counter Women's Rogaine, which helps to regrow hair on top of the scalp.
Alopecia Treatment (Hair Loss) Market Leaders
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Sun Pharmaceuticals Industries Ltd.
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Johnson & Johnson
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Concert Pharmaceuticals Inc.
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Cipla Inc.
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Daiichi Sankyo
*Disclaimer: Major Players sorted in no particular order
Alopecia Treatment (Hair Loss) Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Prevalence of Alopecia
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4.2.2 Increasing R&D Initiatives and New Product Launches and Approvals
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4.3 Market Restraints
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4.3.1 Patent Expiry of Many Blockbuster Drugs
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4.3.2 Side Effects Associated with the Available Hair Loss Treatment Therapies
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Disease Type
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5.1.1 Androgenic Alopecia
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5.1.2 Alopecia Areata
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5.1.3 Ciatricial Alopecia
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5.1.4 Traction Alopecia
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5.1.5 Alopecia Totalis
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5.2 By Gender
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5.2.1 Male
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5.2.2 Female
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5.3 By Route of Administration
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5.3.1 Oral
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5.3.2 Topical
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5.3.3 Injectable
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5.4 By Distribution Channel
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5.4.1 Hospitals
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5.4.2 Retail Pharmacies
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5.4.3 Online Pharmacies
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5.5 Geography
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5.5.1 North America
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5.5.1.1 United States
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5.5.1.2 Canada
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5.5.1.3 Mexico
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5.5.2 Europe
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5.5.2.1 Germany
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5.5.2.2 United Kingdom
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5.5.2.3 France
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5.5.2.4 Italy
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5.5.2.5 Spain
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5.5.2.6 Rest of Europe
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5.5.3 Asia-Pacific
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5.5.3.1 China
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5.5.3.2 Japan
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5.5.3.3 India
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5.5.3.4 Australia
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5.5.3.5 South Korea
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5.5.3.6 Rest of Asia-Pacific
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5.5.4 Middle-East and Africa
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5.5.4.1 GCC
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5.5.4.2 South Africa
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5.5.4.3 Rest of Middle-East and Africa
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5.5.5 South America
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5.5.5.1 Brazil
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5.5.5.2 Argentina
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5.5.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Aclaris Therapeutics Inc.
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6.1.2 Cipla Inc.
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6.1.3 Concert Pharmaceuticals Inc.
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6.1.4 Daiichi Sankyo Inc.
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6.1.5 GlaxoSmithKline PLC
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6.1.6 HCell Inc.
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6.1.7 Johnson & Johnson
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6.1.8 Merck & Co. Inc.
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6.1.9 Sun Pharmaceuticals Industries Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Alopecia Treatment (Hair Loss) Industry Segmentation
As per the scope of the report, alopecia treatment (Hair Loss) is the drugs that are indicated for the treatment of alopecia. The alopecia treatment (hair loss) drugs, like minoxidil, finasteride, and cyclosporine, which are indicated for the treatment of alopecia are covered. Alopecia also called hair-loss or baldness is a medical condition that refers to the loss of hair from the head or any part of the body.
By Disease Type | |
Androgenic Alopecia | |
Alopecia Areata | |
Ciatricial Alopecia | |
Traction Alopecia | |
Alopecia Totalis |
By Gender | |
Male | |
Female |
By Route of Administration | |
Oral | |
Topical | |
Injectable |
By Distribution Channel | |
Hospitals | |
Retail Pharmacies | |
Online Pharmacies |
Geography | ||||||||
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Alopecia Treatment (Hair Loss) Market Research FAQs
What is the current Alopecia Treatment (Hair Loss) Market size?
The Alopecia Treatment (Hair Loss) Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Alopecia Treatment (Hair Loss) Market?
Sun Pharmaceuticals Industries Ltd., Johnson & Johnson, Concert Pharmaceuticals Inc., Cipla Inc. and Daiichi Sankyo are the major companies operating in the Alopecia Treatment (Hair Loss) Market.
Which is the fastest growing region in Alopecia Treatment (Hair Loss) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Alopecia Treatment (Hair Loss) Market?
In 2024, the North America accounts for the largest market share in Alopecia Treatment (Hair Loss) Market.
What years does this Alopecia Treatment (Hair Loss) Market cover?
The report covers the Alopecia Treatment (Hair Loss) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Alopecia Treatment (Hair Loss) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Alopecia Treatment (Hair Loss) Industry Report
Statistics for the 2024 Alopecia Treatment (Hair Loss) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Alopecia Treatment (Hair Loss) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.