Zion Market Research has published a new report titled “Alopecia Market by Disease Type (Androgenic Alopecia, Alopecia Areata, Cicatricial Alopecia, Traction Alopecia, Alopecia Totalis, Alopecia Universalis, and Others); by Drug Type (Corticosteroids ,5 AR Inhibitors, Potassium Channel openers, and Others); by Gender (Male, Female); by Route of Administration (Topical, Injectable and Oral); By Distribution Channel (Retail Pharmacies, Hospital Pharmacies and Online Pharmacies): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025”. According to the report, global demand for Alopecia market was valued at approximately USD 2.40 billion in 2019, and is expected to generate revenue of around USD 4.45 billion by end of 2026, growing at a CAGR of around 9.2% between 2019 and 2026.
The word alopecia means hair loss. Alopecia isn’t limited to the scalp; it’s possible on the body anywhere. The hair cycle comprises of three phases: Anagen, which is called as growth phase. Second phase is catagen, also called as rest phase and the fading phase, which is called as telogen phase. Ninety percent of the hair is in the development period (anagen) and the remaining, which corresponds to ten percent in the resting and shedding phases. When the hair falls out, this is the telogen phase and the hair is going to regenerate, and it begins to develop again in the (development) anagen process. Alopecia can be subdivided into two broad categories: scarring and non-scarring. Non-scarring or androgenic alopecia is the most common form. Many men start losing hair in the 20s, while women start losing their hair in their 40s or 50s. As a person grows older they lose hair. The pattern is the disparity between masculine hair loss and female hair loss. Front and temporal zone are the area where men usually lose hair because this area is more sensitive to di-hydrogen testosterone. while women appear to lose hair from the scalp’s central field. Female hair loss will also not result in complete baldness, while male hair loss can result in complete baldness. Males do not loose hair in the back of the scalp as this area is androgenic hormone resistant.
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The global demand for alopecia market is driven by fluctuating lifestyles leading to increasing levels of stress among the working class, increased geriatric population, high demand for surgical hair transplants and increased customer awareness of possible treatment like prp treatment are expected to drive the growth of the alopecia industry. In addition, the rise in the occurrence of chronic diseases, like acute stress disorder, polycystic ovary disease (PCOD), hyperthyroidism, hypothyroidism, cancer, lupus, and hypopituitarism, is projected to accelerate sales growth over the forecast era .However, high cost of disease and adverse effects of disease may act as restraining factors for the market growth in the coming years. Economic growth paired by continuously growing medical expenditure is projected to bring new growth opportunities for market players during the forecast timeframe.
Based on disease type, global alopecia market is segmented into androgenic alopecia, alopecia areata, cicatricial alopecia, traction alopecia, alopecia totalis, alopecia universalis, and others. Market was dominated by alopecia areata disease type segment in 2019. This is because alopecia areata is mostly predominant in people suffering with various autoimmune diseases, diabetes, and hyperthyroidism. Androgenic alopecia is expected to show the highest progress, largely fueled by the anticipated launch of several promising therapy and drugs for the pipeline and an increasing rate of incidence. Androgens cause the trigger for alopecia in people with inherited inclination. Various therapeutic approaches for androgenic alopecia, which inhibits 5-alpha reductase, such as approved oral, topical, and surgical therapies are available.
Based on drug type market is segmented into 5 ar inhibitors, potassium channel openers, corticosteroids and others. Market was dominated by corticosteroids drug type segment 2019. On the other hand 5 AR inhibitors segment will register highest growth rate during the forecast period due to increasing male pattern baldness.
Based on gender, global market is segmented into male, female. Market was dominated by male segment in 2019. This is attributed to increased occurrence of androgenic alopecia in male.
Based on route of administration, global market is segmented into injectable, oral and topical. Market was dominated by topical administration route segment in 2019.
The distribution channel segment of the Alopecia market is categorized into retail pharmacies, hospital pharmacies and online pharmacies. Among all distribution channels, retail pharmacies dominated the market in 2019 with largest revenue share. Online pharmacies are expected to witness rapid growth in the years to come.
North America held largest revenue share of the global Alopecia market in 2019. This large share is attributed to large alopecia patient pool, availability of developed infrastructure, growing awareness and presence of key players in this region. Europe was second leading regional market in terms of revenue. Availability of developed infrastructure, increasing alopecia prevalence, and growing awareness are major factors that support market growth in this region. Asia Pacific region is projected to be rapidly growing regional market for Alopecia. Increasing alopecia and geriatric population base, economic development, improvement of healthcare infrastructure, increasing disposable income and healthcare spending, growing awareness are major factors attributing to the swift growth in this region. Moderate growth is projected in Latin America region over the forecast period. Middle East and Africa will witness sluggish growth in the coming years.
Major players in Alopecia market are Cipla Inc., Dr. Reddy’s Laboratories, Johnson and Johnson AG, Ranbaxy Laboratories Ltd, Transitions Hair Pty Ltd., Sun Pharmaceutical Industries Ltd., Merck & Co., Inc., Transitions Hair Pty Ltd, Cirrus Hair Centers, Lexington International LLC, Vita-Cos-Med Klett-Loch GmbH, Follica, Inc., and Capillus. among others among others.
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The report segment of global alopecia market as follows:
Global Alopecia Market: Disease Type
- Alopecia Areata
- Androgenic Alopecia
- Cicatricial Alopecia
- Traction Alopecia
- Alopecia Totalis
- Alopecia Universalis
Global Alopecia Market: By Drug Type
- 5 AR Inhibitors
- Potassium Channel openers
Global Alopecia Market: By Gender
Global Alopecia Market: By Route of Administration
Global Alopecia Market: By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Global Alopecia Market: By Region
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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