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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Alopecia Market Outlook
The global alopecia market size attained a value of USD 3.58 billion in 2023. The major driver of the market includes the increasing occurrences of polycystic ovary syndrome, cancer, hyperthyroidism, hypothyroidism, hypopituitarism, acute stress disorder, lupus, and other chronic illnesses. The market is anticipated to grow at a CAGR of 8.6% during the forecast period of 2024-2032 to attain a value of USD 7.53 billion by 2032.
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Properties and Applications
There are many different kinds of alopecia, each with a distinct cause. As is prevalent in male pattern baldness, alopecia can be located at the front and top of the head. It may be patchy as in an alopecia areata disorder. The alopecia market can be divided on the basis of segments like disease type, drug type, route of administration, gender, and distribution channel.
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The global alopecia market can be broadly categorised on the basis of disease type into:
- Androgenic Alopecia
- Alopecia Areata
- Ciatricial Alopecia
- Traction Alopecia
- Alopecia Totalis
The industry can be divided on the basis of drug type as:
- Minoxidil
- Finasteride
- Others
The global alopecia market can be categorised based on route of administration as:
- Oral
- Topical
- Injectable
The industry can be divided based on gender as:
- Males
- Females
The global alopecia market can be divided on the basis of the distribution channel as:
- Hospitals
- Retail Pharmacies
- Online Pharmacies
The EMR report looks into the regional markets of alopecia like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Global Alopecia Market Analysis
It is expected that the occurrence of Polycystic Ovary Syndrome (PCOS), cancer, hyperthyroidism, hypothyroidism, hypopituitarism, acute stress disorder, lupus, and other chronic illnesses will drive the global alopecia market. Changes in lifestyle such as frequent consumption of alcohol, tobacco, and related goods and increased concentrations of stress are regarded as powerful triggers for alopecia. While the precise causative factors stay unknown, genetic factors are associated with several instances. Increasing disposable earnings and increasing emphasis on aesthetic appearances are anticipated to contribute to the demand for therapy of alopecia. Hormonal imbalance and ageing accelerate the growth of hair loss instances, further aiding the global alopecia market growth. The overall increase in the geriatric population and rising customer consciousness of therapy alternatives are also anticipated to have a positive impact on the global alopecia market in the following years. During the forecast period, the product development of new therapeutic alternatives is anticipated to drive the industry growth. Other factors driving the industry include the introduction of fast-acting JAK inhibitors, the development of techniques to boost hair growth using human pluripotent stem cells, and PRP therapy.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global alopecia market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Cipla Ltd.
- Capillus LLC
- Freedom Laser Therapy, Inc.
- Apira Science, Inc.
- HairMax (Lexington Intl., LLC)
- Follica, Inc.
- Incyte Corporation
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Disease Type |
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| Breakup by Treatment |
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| Breakup by Route of Administration |
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| Breakup by Gender |
|
| Breakup by Distribution Channel |
|
| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
Globally, alopecia market reached a value of USD 3.58 billion in 2023.
The market is projected to expand at a CAGR of 8.6% from 2024 to 2032, growing to USD 7.53 billion by 2032.
The major driver of the market includes the increasing occurrences of polycystic ovary syndrome, cancer, hyperthyroidism, hypothyroidism, hypopituitarism, acute stress disorder, lupus, and other chronic illnesses.
Changes in lifestyle such as frequent consumption of alcohol, tobacco, and related goods and increased concentrations of stress are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The major disease types of alopecia in the market are androgenic alopecia, alopecia areata, ciatricial alopecia, traction alopecia, and alopecia totalis.
The significant drug types in the industry are minoxidil and finasteride, among others.
The leading routes of administration in the market are oral, topical, and injectable.
The major gender segments in the industry are males and females.
The significant distribution channels in the market are hospitals, retail pharmacies, and online pharmacies.
The major players in the industry are Cipla Ltd., Capillus LLC, Freedom Laser Therapy, Inc., Apira Science, Inc., HairMax (Lexington Intl., LLC), Follica, Inc., and Incyte Corporation, among others.
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