The Global Hair Loss Treatment Market at CAGR of 5.07% by 2028

Triton Market Research presents the Global Hair Loss Treatment Market segmented by Gender (Female, Male), by Indications (Androgenic Alopecia, Alopecia Areata, Alopecia Totalis, Other Indications), by Treatment Type (Topical Hair Loss Treatment {Minoxidil, Shampoos}, Oral Hair Loss Treatment {Finasteride, Other Oral Hair Loss Treatment}, Other Treatment Types), by Sales Channel (Drug Stores & Retail Pharmacies, Hospital Pharmacies, Online Pharmacies), and By Geography (Middle East and Africa, Europe, Asia-Pacific, Latin America, North America).
It further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Model, Market Attractiveness Index, Vendor Scorecard, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton Market Research's report states that the global market for hair loss treatment would expand with 5.07% of CAGR during the evaluated years from 2021 to 2028.

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Autoimmune diseases are becoming increasingly prevalent worldwide. As per data, nearly 50 million Americans are said to be affected by them. These diseases lead to loss of hair on the scalp and other body parts. Thus, the growing prevalence of autoimmune diseases is fueling the growth of the hair loss treatment market. However, the high cost of treatment and the risk of side effects or infection or resulting from it are hindering the development process.

North America is presently the largest market in the world for hair loss treatment, and is expected to maintain its position until the end of the forecast period. The region boasts of developed economies like the United States and Canada, and has a highly advanced healthcare system. There are several leading pharmaceutical companies headquartered in these nations, who are working on developing effective solutions for the treatment of alopecia. These factors are driving the demand for hair loss treatment by people. In addition, the rising emphasis on esthetics by the youth and consumers' increasing disposable income are also acting as catalysts for the growth of the studied market in North America.

The key companies profiled in the hair loss treatment market are Concert Pharmaceuticals Inc, The Himalaya Drug Company, Shiseido Company Limited, Taisho Pharmaceutical Co Ltd, Aclaris Therapeutics, Transitions Hair Pvt Ltd, Merck & Co, Cipla Limited, Dr Reddys Laboratories, Cellmid, Daiichi Sankyo, Teva Pharmaceuticals, Johnson & Johnson, Sun Pharmaceutical Industries Ltd, and Lexington International Llc. There are a number of players across the globe who manufacture and sell hair loss treatment products. However, only a couple of them dominate the market, which makes it reasonably fragmented. The manufacturers offer different product ranges, including ointments, creams, and serums, to tackle the competitive market challenges in terms of product quality and cost. Moreover, the bigger players in the industry are involved in developing new medicines by conducting research and clinical trials, which intensifies the rivalry among players.

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