"Alopecia Drugs Market" 2018 | Share | Segmentation | Trends | Business Growth | Global Players: Cipla Inc., Dr. Reddy’s Laboratories Ltd., Johnson & Johnson, Merck & Co., Ranbaxy Laboratories Ltd and The Himalaya Drug Company | Forecast to 2022 | Marke

The, Alopecia Drugs Market inquire about report is developing with the quick pace; chiefly due the prospering Healthcare Sector. As per a current report distributed by the Market Research Future, The Alopecia Drugs Industry Research report is blasting and anticipated that would pick up unmistakable quality over the conjecture time frame. The Market is anticipated to exhibit a colossal development by 2022, outperforming its past development records as far as esteem and volume. The global market for alopecia drugs is expected to reach around $ 11.8 billion by the end of the forecast period and is expected to grow at a CAGR of ~ 6.92%.

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Global Alopecia Drug Market – Overview:
Alopecia is partial or complete hair loss, especially on the scalp, and either occurs in patches on the entire head or over the body. Alopecia is an immunologic disorder that generally affects men and women between the ages of 20 and 40. The disease starts with rapid patchy hair loss, which can spread to the entire scalp. It is an autoimmune disorder, in which the individual’s immune system is assumed to attack hair follicles. In some cases, multiple factors working together can cause hair fall, but it is difficult to find the exact cause unless the individual is diagnosed with auto immune disease or on medication.

The market for alopecia is growing at a healthy growth due to a host of factors such as genetics, increasing awareness, modern lifestyle changes, stress, drug-induced alopecia etc. Genetic factors have also been shown to be important in the susceptibility, development, and severity of alopecia areata. According to American Hair Research Society the genetic effect in alopecia areata is believed to be 55 per cent, which means environmental factors have the potential to also play a significant role in this hair disease. Similarly, in the year 2016 approximately 6.8 million people in the United States and 147 million worldwide have alopecia areata. Similarly according to National Alopecia Foundation, Alopecia areata affects one person in every 100 and genetics play a role in one in five cases.

The restraints are unethical spurious products, poor efficacy and efficiency of treatment resulting in poor economics to the patient, neglect of alopecia as it is not life threatening and noncontagious etc. the market has good potential for an effective product as the market is choked with spurious products which do more harm than good.

KEY MARKET PLAYERS:
There are various players operating in the global alopecia drugs market, some of the major players are Cipla Inc., Dr. Reddy’s Laboratories Ltd., Johnson & Johnson (US), Merck & Co., Ranbaxy Laboratories Ltd, The Himalaya Drug Company, Taisho Pharmaceutical Holdings Co., Sun Pharmaceutical Industries Ltd.

Regional Analysis:
Depending on geographic region, Alopecia Drugs market is segmented into four key regions: America, Europe, Asia Pacific, and Middle East & Africa. Globally, America is the largest market for alopecia drugs owing to rising cases of alopecia areata and increasing healthcare spending. For instance, according to America Hair Research Society, the prevalence of alopecia areata in the United States is estimated to be 1.7% for a total of approximately 4.6 million affected individuals. Similarly, according to CMS (Centres for Medicare and Medicaid Services) U.S. health care spending increased 4.3 percent to reach USD 3.3 trillion per person in 2016. Europe accounts for the second largest market due to increasing funds, government support and increasing healthcare expenditure. For instance according to Eurostat, Germany incurred healthcare expenditure of over EUR 321 billion in the year 2014.

Asia pacific region is expected to be fastest growing region in alopecia drugs market owing to its growing population and increasing healthcare expenditure and demand for new treatment options for rare diseases fuel the market growth.

On the other hand, the Middle East & Africa is expected to witness limited growth due to limited access to the healthcare resources and lack of awareness about rare diseases. In the Middle East, the growth of the market is driven by increasing availability new diagnostic and treatment methods.

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The Himalaya Drug Company:
Founded on 1930, headquartered at Bengaluru, India, The Himalaya Drug Company, offers a wide range of products ranging from therapeutics, personal care, baby care, nutrition, animal health, pharmaceuticals, and wellness. The company has focused on various inorganic and organic growth strategies to enhance its product portfolio and gain foothold in various geographies. For instance in the year 2017, the company launched two new products for hair gain. Similar in 2015 the firm launched two new campaigns intending to increase market penetration.

Dr. Reddy’s Laboratories Limited:
Founded on 1984, headquartered at Hyderabad, India, Dr. Reddy’s Laboratories Limited is engaged in the manufacture and marketing of pharmaceutical products. . It operates through three segments: Global Generics, Pharmaceutical Services and Active Ingredients (PSAI), and Proprietary Products. Dr. Reddy’s operates in markets across the globe. The firm’s major markets include – USA, India, Russia & CIS countries, and Europe. The firm has focused on product launches to enhance its foothold in the alopecia drugs market. For instance in May 2015, the firm launched hair growth supplement HAiROOTZ.

What makes our report unique?
1) An extensive research study on the Global Alopecia Drugs Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Alopecia Drugs Market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

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