Global Alopecia Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global alopecia market accounted 2.8 billion USD in 2020 and is predicted to reach 7 billion USD by 2030 with a CAGR of 9.4% during the forecast timeframe.Alopecia refers to hair loss from parts of the head or body regardless of any age group across the genders. Various factors like sedentary lifestyles, unhealthy eating habits, growing stress levels, hormonal imbalance, hypertension, and depression attribute to alopecia but the actual causative reason is still unknown. Furthermore, aging and chronic disorders also lead to alopecia. The above mentioned factors are the key drivers responsible for the growth of the alopecia treatment market. The number of people seeking alopecia treatment is very high in developing countries and is growing in emerging economies.
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Market Dynamics and Factors:
Rapid industrialisation in developed and developing countries has resulted in a surge in the working class population across the globe. This has led to changing lifestyles, increase in stress levels, hypertension, and depression, all of which attribute to hair loss. This is a major factor driving the growth of the alopecia market. For instance, according to the National Alopecia Areata Foundation, around 147 million people worldwide are affected by alopecia areata. Furthermore, the increasing geriatric population affected by hair loss due to age is contributing to the demand for alopecia treatment across the globe. High disposable income of people and growing awareness about alopecia treatment is influencing people for opting for the treatment and hence augmenting the market growth. Technological advancements and new product development are going to further enhance the market growth of alopecia treatment in the coming future. For instance, the introduction rapidly acting JAK inhibitors approved by U.S Food & Drug Administration to stimulate hair growth in men. However, certain factors like low reimbursement coverage for alopecia treatment and out of pocket costs for the disease treatment are restraining the market growth of alopecia treatment.
Market Segmentation:
Global Alopecia Market – By Disease Type
Alopecia Areata
Cicatricial Alopecia
Traction Alopecia
Alopecia Totalis
Alopecia Universalis
Androgenetic Alopecia
Others
Global Alopecia Market – By Treatment Type
Oral Hair Loss Treatment
Finasteride
Other Oral Hair Loss Treatments
Topical Hair Loss Treatment
Minoxidil
Shampoos
Others
Global Alopecia Market – By Gender
Male
Female
Global Alopecia Market – By End-Users
Dermatology Clinics
Homecare Settings
Global Alopecia Market – By Distribution Channel
Prescription
Over The Counter
Global Alopecia Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the market in terms of market share during the forecast period. A large geriatric population resulting in high prevalence of alopecia; high disposable income; and technological advancements leading to new product development are the major factors attributing to the market dominance of the region. For instance, according to the U.S National Library of Medicine, Alopecia effects 1 in every 500 to 1000 people in the U.S. The Asia Pacific region is anticipated to witness maximum growth during the forecast period. High prevalence of alopecia; growing awareness regarding therapeutic options; economic development; and improving healthcare infrastructure are the major factors attributing to the market growth in the APAC region.
Competitive Scenario:
The key players operating in the market are –
Johnson & Johnson, Alpecin, GlaxoSmithKline, Merck & Co., Cipla, Sun Pharmaceuticals, Daiichi Sankyo, Dr Reddy’s Laboratories, Kirkland Signature, Vitabiotics.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Alopecia industry, although key threats, opportunities and disruptive technologies that could shape the Global Alopecia Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Alopecia Market most.
The data analysis present in the Global Alopecia Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Alopecia Market business.
The 2021 Annual Global Alopecia Market offers:
100+ charts exploring and analysing the Global Alopecia Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Alopecia Market type
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