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Alopecia Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2028

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Hannah Edwards
Alopecia Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2028

Growing prevalence of various chronic diseases like hyperthyroidism, cancer, rheumatoid arthritis, PCOS, and acute stress disorder, and availability of therapeutic treatments are key factors fueling global market growth 

The global alopecia market size is expected to reach USD 14.34 Billion in 2028 and register a CAGR of 5.1%, according to the latest report by Reports and Data. Key factors such as rising incidences of alopecia areata and androgenetic alopecia, improvements in healthcare infrastructure and technological advancements in treatment are driving global market revenue growth. 

Alopecia is a medical condition seen in men and women which results in hair fall in small patches due to various reasons. Gradual changes in eating patterns, high consumption of unhealthy diet, adoption of sedentary lifestyle, associated stress and aging, hormonal imbalance, high prevalence of genetic and chronic diseases are crucial factors leading to hair fall and baldness. Increasing occurrence of various diseases like cancer, rheumatoid arthritis, PCOS, hyperthyroidism and acute stress disorder, rapidly expanding population part and high consumption of tobacco and alcohol are fueling global market growth. Increasing funding by public and private sectors for ongoing research on alopecia and growing awareness about alopecia and available treatments is also boosting market growth.  

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Some key highlights in the report:

  • Among the disease type, the alopecia areata segment accounted for largest market share in 2020 and is expected to maintain its dominant position throughout the forecast period. Alopecia areata is commonly seen in patients suffering from autoimmune diseases. High prevalence of alopecia areata across the world and rising focus on physical appearance and aesthetic appeal are fueling segment revenue growth.
  • The OTC segment is expected to account for rapid revenue growth over the forecast period owing to increasing demand for inexpensive treatment and easy access to therapeutic drugs OTC are supporting market growth. 
  • Among the gender segments, the male segment is expected to account for significant revenue growth between 2021 and 2028. High revenue growth is attributed to factors such as rising incidences of androgenetic alopecia or male pattern hair loss due to various medical conditions, increasing geriatric population, and high intake of tobacco and alcohol.
  • The dermatology clinic is expected to account for significantly high revenue growth over the forecast period owing to increasing number of patients with alopecia, access to transplantation treatments and surgeries, and growing adoption of prescription medicines.  
  • North America is expected to dominate other regional markets in the global alopecia market between 2021 and 2028 owing to increasing prevalence of diseases, introduction of more effective drugs, technological advancements, and well-established healthcare system.
  • Asia Pacific is expected to register for fastest revenue CAGR of 5.4% over the forecast period. Growing awareness about treatment options for alopecia, increase in per capita healthcare expenditure, and high population suffering from alopecia are key factors fueling market growth.  
  • Cipla Inc., Johnson and Johnson AG, Transitions Hair Pty Ltd., Sun Pharmaceutical Industries Ltd., Merck & Co., Inc., Cirrus Hair Centers, Lexington International LLC, Vita-Cos-Med Klett-Loch GmbH, Follica, Inc., and Capillus are some key players operating in the global alopecia market.

Market segment analysis:

Disease Type Outlook (Revenue, USD Billion, 2018 - 2028)

  • Alopecia Areata
  • Alopecia Totalis
  • Alopecia Universalis
  • Cicatricial Alopecia
  • Traction Alopecia
  • Androgenetic Alopecia
  • Others

Sales Channel Outlook (Revenue, USD Billion, 2018 - 2028)

  • Prescriptions
  • OTC

End-use Outlook (Revenue, USD Billion, 2018 - 2028)

  • Homecare Settings
  • Dermatology Clinics

Gender Outlook (Revenue, USD Billion, 2018 - 2028)

  • Male
  • Female

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Regional analysis further covers a country-wise analysis to offer insights into key trends and demands in each major country that might affect the growth of the market in the region.

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Rest of MEA

To know more about the report @ https://www.reportsanddata.com/report-detail/alopecia-market

Read Full Press Release: https://www.reportsanddata.com/press-release/global-alopecia-market

Key Features of the Global Alopecia  Market Report:

  • Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value
  • Identification and analysis of significant trends and factors driving revenue growth of the market
  • Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches
  • Assessment of each market segment along with their growth trends and market revenue contribution
  • Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks

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Thank you for reading our report. Customization of this report is available according to the client’s needs. Please get in touch with us to know more about the customization feature and our team will ensure the report is tailored as per your requirements.

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