There are several reasons that cause alopecia, a large number of which are a part of the current trends ongoing within society in general. Transparency Market Research explores these trends in “Alopecia Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” and the current possible treatment plans available to patients, along with the scope of the market in the coming years.
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The primary driver of the global alopecia treatment market is the growing patient pool suffering from the disease. Some of the top reasons resulting in alopecia include the growing level of stress in the daily life of civilians, the increasing tendencies of consuming unhealthy foods and beverages and not maintaining a balanced diet, and a majorly sedentary lifestyle and a lack of exercise. The current working class leads a highly hectic life and is the key reason for the above problems that lead to alopecia. As a result, it is seen that alopecia is highly prevalent in urban areas, an indicator for the heavy urban presence of the global alopecia treatment market.
The global alopecia treatment market can be segmented on the basis of end users, into dermatology clinics, homecare settings, and others. The global alopecia treatment market also diversifies itself on the basis of gender due to the different types of treatments suitable for each gender. The common products available as a part of the global alopecia treatment market include supplements, vitamins, conditioners, shampoos, serums, oils, and gels.
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Several research bodies and healthcare organizations are asserting that the number of people suffering from alopecia is increasing drastically across the globe. The American Hair Loss Association, for instance, stated that nearly close to 95% of male baldness can be caused by androgenetic alopecia. The organization also adds that over 800,000 people have undergone some sort of key treatment for alopecia around the world, a number that is growing at an accelerated rate per year.
Regional segregation of the global alopecia treatment market reveals a much higher proportion of patients seeking alopecia treatment in developed economies. A key reason for this is a high level of patient awareness, the easier availability of treatments, and moderately favorable reimbursement schemes. North America and Europe are therefore leaders in the global alopecia treatment market in terms of both demand generation and research and development efforts. At the same time, Asia Pacific is expected to show a prolific growth in the adoption of modern alopecia treatments, owing to growing awareness and increasing healthcare expenditures.
The top vendors operating in the global alopecia treatment market currently, include Vitabiotics, Sun Pharma, Merck & Co., Alpecin, Dr. Reddy’s Laboratories, Cipla, Johnson & Johnson, Kirkland Signature, Phyto Ales Group, and Lifes2good.