Hirsutism Treatment Market | Top Key Players - AbbVie Inc. (US), Allergan (Republic of Ireland), Bayer AG (Germany), Bristol-Myers Squibb Company (US), Jubilant Cadista (US), Pfizer Inc. (US)

Hirsutism is a medical condition which is marked by the presence of unwanted/ male-pattern hair growth in women. The disease is characterised by excessive dark course of hair as on the body areas of men, mainly including the hair patterns of face, chest and back. Body hair presence is majorly determined by genetic makeup of the patient. In hirsutism excess male hormones known as androgens (particularly testosterone) are expressed. Hirsutism is of many types, it can be diopathic hirsutism, secondary hirsutism, and others. A majority of the diagnostics assays for the same are illustrated on the backgrounds of medications, procedures like laser therapy, and others. Some of the common symptoms of the disease are inclusive of deepening voice, balding, acne, decreased breast size, increased muscle mass, enlargement of the clitoris, and others. Increasing prevalence of the condition and growing acceptance of the laser therapy are the major drivers for market growth within the region.

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It is estimated that about 5.0% of the American women have hirsutism. In 2016, according to the American Society of Plastic Surgeons, approximately 1,109,385 laser hair removal procedures were performed within the region. Moreover, growing obese and female population boosts the market growth. According to the United Nations Census Bureau in 2016, the female population within the U.S. accounted for 50.8% of the total population within the region. However, lack of awareness and low per capita healthcare expenditure in the middle and low income countries is estimated to restraint the market growth during the estimated period. The cost of medical laser systems is high. In the market sophisticated laser systems are present that can cost USD 300,000 to USD 500,000 and more.

Global Hirsutism treatment market is expected to grow at an approximate CAGR of 13.6% and reach USD 5295.0 million by 2023 from 2016.

Hirsutism Treatment Market- Competitive Analysis

AbbVie Inc. (US), Allergan (Republic of Ireland), Bayer AG (Germany), Bristol-Myers Squibb Company (US), Jubilant Cadista (US), Pfizer Inc. (US), Sun Pharmaceutical Industries Ltd. (India), and others are some of the prominent players at the forefront of competition in the Hirsutism Treatment Marketand are profiled in MRFR Analysis.

Presence of a large number of players in the global Hirsutism Treatment Market, makes the competition to grow over the projected period. Market players are involved in strategies of acquisition, collaboration, product launches. This enables them to capture new markets in the presence of ample opportunities to grow.

In April, 2016- AbbVie Inc. (a global biopharmaceutical company), announced that they will acquire Stemcentrx. This facilitated to company to acquire rovalpituzumab tesirine (Rova-T), which is a novel biomarker-specific therapy. This therapy is based on cancer stem cells and DLL3 being expressed in approximately more than 80% of SCLC patient tumors.

In November, 2014- Actavis plc and Allergan, Inc. announced that both the companies entered into a definitive agreement, which allowed Actavis, Inc.  to acquire Allergan, Inc. This acquisition was facilitated by a combination of cash and equity valuing to be approximately around USD 66 billion. The combined companies became unparalleled and their ability to deliver sustainable organic earnings was increased on the basis newly expanded base.

In August, 2016- Pfizer Inc. and Medivation, Inc. announced that both rthe companies entered into a definitive merger agreement under. This allowed which Pfizer, Inc. to Medivation, Inc. (a biopharmaceutical company) which is focused on the developing as well as commercializing small molecules which have oncology application.

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Hirsutism Treatment Market- Regional Analysis

On the regional basis the Global Hirsutism Treatment Market is segmented into America, Europe, Asia Pacific, and the Middle East and Africa. America dominates the global Hirsutism Treatment Market owing to presence of a major market players within the region and developed economies like the U.S. and Canada within North America region. On regional basis the American market for Hirsutism Treatment Market is divided into North America and South America.  South America is estimated to be the fastest growing region. Europe is the second largest market and is followed by Asia Pacific. Asia Pacific region is estimated to be the fastest growing for the Hirsutism Treatment Market owing to the presence of developing economies like India and China within the region. On the other hand, the Middle East & Africa is estimated to be the least market share holder in the global Hirsutism Treatment Market due to the presence poor economies and stringent government policies within the African region.

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