Press release
Alopecia Areata Global Market Analysis, Trends, Growth, Research And Forecast 2033
Alopecia Areata Global Market Analysis
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12596&type=smp
According to The Business Research Company's, The alopecia areata market size has grown strongly in recent years. It will grow from $3.31 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to limited treatment options, advancements in immunology, increased disease awareness, clinical trials and drug development, psychosocial impact awareness.
The alopecia areata market size is expected to see strong growth in the next few years. It will grow to $4.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to biologic therapies development, precision medicine approaches, advancements in immunotherapy, ai and drug discovery, global initiatives and funding. Major trends in the forecast period include topical immunotherapy advancements, combination therapies, telemedicine in dermatology, patient-centric care, regulatory pathways for novel therapies.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/alopecia-areata-global-market-report
Market Drivers and Trends:
The growing prevalence of hair loss is expected to propel the growth of the alopecia areata market going forward. Hair loss is caused by disrupting the body's normal hair growth cycle. Alopecia areata treatment employs corticosteroids, potent anti-inflammatory medications that can inhibit the immune system, to treat a condition where the immune system destroys hair follicles and results in hair loss. For instance, in March 2022, according to an article by the Hair Society, a US-based full-service professional organization, hair loss affected about 21 million women and 35 million men globally. The majority of people in the world will lose their hair starting at age 35, with a 40% loss rate for males and increasing to a 70% loss rate for men at age 80. Women with hair loss will account for 80% or more by age 60. Therefore, the growing prevalence of hair loss is driving the growth of the alopecia areata market.
Innovative drug approval is a key trend gaining popularity in the alopecia areata market. Major companies operating in the alopecia areata market are focused on obtaining new drug approvals to strengthen their market position and gain a competitive advantage. For instance, in June 2023, Pfizer Inc., a US-based biotechnology and pharmaceutical company, announced that the US Food and Drug Administration (FDA), a US-based federal agency of the Department of Health and Human Services responsible for protecting public health, had approved LITFULOTM (ritlecitinib), the first and only treatment for severe alopecia areata approved for patients as young as 12. It is a once-daily oral treatment for alopecia areata, an autoimmune condition for which there were previously no FDA-approved treatments for teenagers and few options for adults. LITFULO is a kinase inhibitor that blocks Janus kinase 3 (JAK3) and the tyrosine kinase family of kinases found in hepatocellular carcinoma (TEC).
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, Sanofi S.A., GlaxoSmithKline plc., Eli Lilly and Co Ltd., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Perrigo Company plc, Bausch Health Companies Inc., Incyte Corporation, Dr. Reddy's Laboratories Ltd., Cipla Ltd., Taisho Pharmaceutical Holdings Co. Ltd., Lupin Ltd., Glenmark Pharmaceuticals Ltd., Almirall S.A., Torrent Pharmaceuticals Ltd., Ranbaxy Laboratories Limited, Taro Pharmaceutical Industries Ltd., G&W Laboratories Inc., Vanda Pharmaceuticals Inc., Aclaris Therapeutics Inc., BioSplice Therapeutics Inc., XBiotech Inc., PureTech Health plc, HCell Inc., Histogen Inc.
Alopecia Areata Market 2024 Key Insights:
• The alopecia areata market size is expected to see strong growth in the next few years. It will grow to $4.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Growing Prevalence Of Hair Loss
• FDA Approval Marks A Milestone In Innovative Alopecia Areata Treatment
• North America was the largest region in the alopecia areata market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=12596&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Alopecia Areata Global Market Analysis, Trends, Growth, Research And Forecast 2033 here
News-ID: 3767644 • Views: …
More Releases for Alopecia
Key Influencer in the Alopecia Market 2025: Rising Prevalence Of Hair Loss Drivi …
What combination of drivers is leading to accelerated growth in the alopecia market?
The rise in hair loss cases is anticipated to fuel the expansion of the alopecia market. Hair loss pertains to either partial or total loss of hair from places where it usually grows. Alopecia treatment is beneficial for alopecia sufferers as it addresses multiple hair loss issues by promoting hair regrowth, devising personalized treatment strategies, implementing combination therapies,…
Global Alopecia Market Size & Trends
According to a new market research report published by Global Market Estimates, the global alopecia market is projected to grow at a CAGR of 9.6% from 2023 to 2028.
The growth of the alopecia market is primarily driven by the rising incidence of alopecia, advancements in treatment options, greater awareness and information accessibility, evolving lifestyle and beauty norms, technological progress, and the growing geriatric population.
Browse 147 Market Data Tables and…
Alopecia Treatment Market - Reclaiming your crown: Alopecia treatment empowering …
Newark, New Castle, USA: The "Alopecia Treatment Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Alopecia Treatment Market: https://www.growthplusreports.com/report/alopecia-treatment-market/7924
This latest report researches the industry structure, sales, revenue,…
Alopecia Treatment Market - Nurturing Roots, Inspiring Hope: Elevating Alopecia …
Newark, New Castle, USA - new report, titled Alopecia Treatment Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Alopecia Treatment market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Alopecia Treatment market. The report offers an overview of the market, which…
Global Alopecia Market By Disease type: Alopecia Areata, Cicatricial, Traction, …
According to the latest research by SkyQuest Technology, Global Alopecia Market Size was valued at US$ 8.7 billion in 2021, and it is expected to reach a value of US$ 15.10 billion by 2028, at a CAGR of 8.2% over the forecast period (2022 - 2028). The research provides up-to-date Alopecia Market analysis of the current market landscape, latest trends, drivers, and overall market environment.
Get full report : https://skyquestt.com/report/alopecia-market
The rising…
Alopecia Market Research Report Up to 2031
Visiongain has published a new report on Alopecia Market Report to 2031: Forecasts by Disease Type (Androgenic Alopecia, Alopecia Areata, Ciatricial Alopecia, Traction Alopecia, and Alopecia Totalis), By Route of Administration (Oral, Topical, and Injectable), By Distribution Channel (Hospitals, Retail Pharmacies, and Online Pharmacies) PLUS COVID-19 Recovery Scenarios.
Download Exclusive Sample of Report @ https://www.visiongain.com/report/alopecia-market/#download_sampe_div
COVID-19 Impact on Alopecia Market
COVID-19 pandemic has affected more than 200 countries worldwide. Companies have been pressured…
