Press release
Global Alopecia Treatment (Hair Loss) Market Estimated USD 12.40 Billion Growth By 2026|Top Manufacturers-Cipla,Viviscal,Dr. Reddy’s Laboratories Ltd.,Regaine,Merck & Co., Inc,Ranbaxy Laboratories Ltd
A comprehensive analysis of the Global Alopecia Treatment (Hair Loss) Market is been done in this intelligence report. It includes the investigations done on the past progress, ongoing market scenarios, and future prospects. An accurate data of the products, strategies and market shares of leading companies in this particular market is mentioned. The report also analyzes innovative business strategies; value added factors and business opportunities with Detailed Porter's Five Forces Analysis. The Alopecia Treatment (Hair Loss) market report presents a 360-degree overview of the competitive scenario of the Global market. The report further projects the size and valuation of the global market in the coming forecast period. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market's future growth prospects.Global Alopecia Treatment (Hair Loss) Market is expected to rise from its initial estimated value of USD 8.21 billion in 2018 to an estimated value of USD 12.40 billion by 2026 registering a CAGR of 5.3% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population along with high demand for surgical hair transplant and changing lifestyle.
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Few of the major market competitors currently working in the alopecia treatment (hair loss) market are Cipla,Viviscal,Dr. Reddy’s Laboratories Ltd.,Regaine,Merck & Co., Inc,Ranbaxy Laboratories Ltd,Phyto – Alès Groupe,Kirkland Signature,
Key Developments in the Market:
In January, 2018, Concert Pharmaceuticals, Inc. announced U.S. FDA granted Fast Track designation for CTP-543, a novel, oral Janus kinase (JAK) inhibitor for the treatment of moderate-to-severe alopecia areata, disease which attacks the hair follicles, leading to hair loss.
In May 2018, Histogen, Inc (U.S.) announced that received approval to Investigational New Drug (IND) application from the US Food and Drug Administration (FDA) to study its lead product in female diffuse hair loss.
Market Drivers:
Rising geriatric population along with high demand for surgical hair transplant will boost the market
Changing lifestyle along with increase in stress level among working class population can fuel the growth of the market
Market Restraints:
High cost of alopecia treatment (hair loss) is acting as a major restraint for the market
Side effects/allergic reactions by treatment also acting as a major market restraint.
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FACTORS DRIVING GROWTH IN ALOPECIA TREATMENT (HAIR LOSS) MARKET
Rising Geriatric Population
According to United Nations Department of Economic and Social Affairs/Population Division; in 2017, estimated population of people with age 60 or above was 962 million, which means around 13 per cent of the population. This age bracket or group is growing at a rate of 3 per cent every year. Presently, Europe is leading the other regions in terms of population consisting of this age group. This brisk speed of ageing is expected to carry on in other regions as well, which projects that by the end of 2050 excluding Africa all regions of the world would have more than a quarter share of their total population at an age of 60 years and above. The population of this age group is projected to reach around 1.40 billion in 2030 and 2.10 billion in 2050, and could ultimately rise up to 3.10 billion in 2100.
Segmentation:Global Alopecia Treatment (Hair Loss) Market
Global Alopecia Treatment
(Hair Loss)
By Disease Type
(Androgenic Alopecia, Alopecia Areata, Ciatricial Alopecia, Traction Alopecia, Alopecia Totalis),
Drug Type
(Minoxidil, Finasteride, Cyclosporine and Others),
Gender
(Male, Female),
Route of Administration
(Oral, Topical, Injectable),
Distribution Channel
(Hospital, Retail Pharmacies, Online Pharmacies),
Geography
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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