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With 5.2% CAGR, Alopecia Treatment Market Worth USD 13.45

Pune, India, Sept. 23, 2022 (GLOBE NEWSWIRE) — Fortune Business Insights has released the latest forecast for alopecia treatment market in their report titled “Alopecia Treatment Market Forecast, 2020-2027”. According to the report, the global market size was $8.89 billion in 2019. The global alopecia treatment market size is expected to reach $13.45 billion by 2027 at a CAGR of 5.2% over the forecast period, 2020-2027. The increasing number of cases of hair loss in people, regardless of gender and age. Alopecia areata is a medical condition that results in hair loss in patches for both men and women. The body’s immune system attacks the hair follicles and eventually results in hair loss on the scalp, eyebrows, eyelashes and face.

The major industrial developments of the market include:

March 2020 – Clinical study of the single injection called RCH-01 for androgenic alopecia was announced as successful in Japan by RepliCel Life Sciences Inc.

July 2019 – Successful Phase 2 clinical trial of ATI-501 oral was announced by Aclaris Therapeutics for patients with alopecia areata.

Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/alopecia-treatment-market-102822

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Report Range:

Reporting coverage Details
Forecast Period 2020 to 2027
Forecast period 2020 to 2027 CAGR 5.2%
2027 Value projection 13.45 billion
Base year 2019
Market size in 2019 USD 8.89 billion
Historical data for 2016 to 2018
Number of pages 160

Market factors
Huge investments in clinical trials will drive growth

Several factors are responsible for the alopecia treatment market growth. These include an increasing acceptance of a sedentary lifestyle, binge eating, cigarette consumption and others that ultimately weaken the immune system. In addition, substantial investments are being made in hair transplant systems and this will also give an impulse to the market in the forecast period.

On the other hand, factors such as the side effects associated with this treatment procedure, such as ejaculation disorders, impotence, breast enlargement or tenderness, and testicular pain, could be a major barrier to the market in the coming years. Nevertheless, increasing investment in research and clinical trials is likely to create lucrative growth opportunities for the market in the coming years.

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Click here to see the short and long term impact of COVID-19 on this market: https://www.fortunebusinessinsights.com/alopecia-treatment-market-102822

Regional segmentation
Middle East and Africa market to see remarkable growth with rising medical tourism

Asia-Pacific achieved revenue of $3.11 billion in 2019 and became dominant. This is attributed to the rising prevalence of alopecia in the region. Several studies state that the increasing population and adopting a sedentary lifestyle will boost the market in this region. This, combined with increasing tobacco consumption, can lead to a weaker immune system and increased stress levels, which can lead to hair loss. In addition, the aggressive regional penetration and increasing number of hair treatment companies establishing bases will further help this region to continue earning the largest market share in alopecia treatment in the coming years.

On the other hand, the Middle East and Africa market is expected to see significant growth in the coming years due to the rising number of hair treatments to keep up with the aesthetic beauty standards. This, coupled with huge growth potential from UAE and Saudi Arabia attributed to rising medical tourism, will also help this market grow remarkably.

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Treatment of alopecia Market Segmentation By route of administration
By gender
By age group

  • Under 18 years old
  • 18 – 34 years
  • 35 – 49 years
  • Above 50 years
Through End User

  • Offices of hospitals and doctors
  • Dermatology Clinics
  • others

Quick Buy – Alopecia Treatment Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102822

What are the highlights of the report?

  • A comprehensive overview of the market
  • Factors that propel, degrade, create opportunities and challenge the market
  • Significant industry developments and current trends prevailing in the market
  • List of notable players and the main strategies adopted by them to earn the lion’s share
  • Other interesting insights into the market

Competitive landscape
Heavy investment in clinical trial bodes well for players

The global alopecia treatment market is fragmented in nature due to the presence of many companies. Players will offer a variety of alopecia product portfolios, including restorative hair treatment, scalp injections, and topical and oral treatments. Significant investment is being made in clinical research and development for innovative product launches. The industry share for this market has remained low in recent years and is expected to stagnate further in the coming years.

List from Treatment of alopecia Market manufacturers include:

  • follicum AB
  • Concert Pharmaceuticals Inc.
  • Daiichi Sankyo
  • Johnson & Johnson
  • Merck & Co., Inc.,
  • Aclaris Therapeutics, Inc.
  • Fagron
  • Sun Pharmaceutical Industries Ltd.
  • Cipla Inc.
  • GlaxoSmithKline plc.
  • Other players

Do you have a question? Ask our experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/alopecia-treatment-market-102822

Detailed table of contents:

  • Introduction
    • Research scope
    • Market share
    • research method
    • Definitions and Assumptions
  • Management summary
  • Market dynamics
    • Market factors
    • Market Restrictions
    • Market opportunities
  • Key insights
    • Recent industry developments, such as mergers and acquisitions
    • Funding scenario insights related to alopecia drug research and development
    • Product pipeline analysis
    • Industry Background Regarding Alopecia Treatment Solutions
    • Key Industry Trends
    • New product launch
  • Global Alopecia Treatment Market Analysis, Insights and Forecast, 2016-2027
    • Key findings / summary
    • Market analysis, insights and forecasting – by management route
    • Market Analysis, Insights & Forecast – By Gender Type
    • Market analysis, insights and forecast – by age group
      • Under 18 years old
      • 18 – 34 years
      • 35 – 49 years
      • Above 50 years
    • Market analysis, insights and forecasting – by end user
      • Hospitals and medical practices
      • Dermatology Clinics
      • others
    • Market Analysis, Insights and Forecasting – by Region
      • North America
      • Europe
      • Asia-Pacific
      • Latin America
      • Middle East and Africa
  • Market Analysis, Insights and Forecast for Alopecia Treatment in North America, 2016-2027
    • Key findings / summary
    • Market analysis, insights and forecasting – by management route
    • Market Analysis, Insights & Forecast – By Gender Type
    • Market analysis, insights and forecast – by age group
      • Under 18 years old
      • 18 – 34 years
      • 35 – 49 years
      • Above 50 years
    • Market analysis, insights and forecasting – by end user
      • Hospitals and medical practices
      • Dermatology Clinics
      • others
    • Market analysis, insights and forecast – by country
  • Market analysis, insights and forecast for alopecia treatment in Europe, 2016-2027
    • Key findings / summary
    • Market analysis, insights and forecasting – by management route
    • Market Analysis, Insights & Forecast – By Gender Type
    • Market analysis, insights and forecast – by age group
      • Under 18 years old
      • 18 – 34 years
      • 35 – 49 years
      • Above 50 years
    • Market analysis, insights and forecasting – by end user
      • Hospitals and medical practices
      • Dermatology Clinics
      • others
    • Market analysis, insights and forecast – by country/sub-region
      • UK
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • Rest of Europe

TOC Continued……

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