Androgenetic alopecia occurs due to various genetic factors and systemic androgen. It is a loss of hair in a pattern, and it is the most common type of hair loss occurring in both males and females. It is indicated by follicular miniaturization which occurs due to systemic androgen and various genetic factors. Increasing incidences of androgenetic alopecia are anticipated to propel the growth of the global androgenetic alopecia treatment market. The National Center for Biotechnology Information mentioned that according to geographical region systemic androgen androgenetic alopecia was found to be 15.33%. The chances of having androgenetic alopecia for the people belonging to the age group 30-40 rises by 1.092 every year.
The global androgenetic alopecia treatment market is anticipated to be valued at US$ 1,607.47 Mn in 2020 over the forecast period.
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Impact of COVID-19:
COVID-19 resulted in lockdowns in several countries around the globe, impacting the financial markets in different sectors. The healthcare sectors has been severely impacted owing to the pandemic.
Pandemic has caused an economic load on the healthcare sector in various nations. The pandemic has hindered the production, development and supply of products in the healthcare industry and also affecting the growth of the industry around the world.
Thus, COVID-19 is anticipated to hamper the growth of the global androgenetic alopecia treatment drugs market over the forecast period.
Rise in developments of new products and clinical trials being carried out for the alopecia treatment is estimated to drive growth of the global androgenetic alopecia treatment market over the forecast period. For instance, clinical trials are being carried out by Cairo University for examining the tolerability efficacy of topical Cetirizine, in female patients suffering from androgenetic alopecia.
North America is expected to witness robust growth in the global androgenetic alopecia treatment market during the forecast period, due to increasing research and development activities in the treatment of androgenetic alopecia. For instance, Follica, Inc., is creating a platform for treating androgenetic alopecia, announced that they have received a constructive feedback from the U.S. FDA for FOL-004 Phase II, which will be released in December 2019.
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Side effects occurring during androgenetic alopecia treatment are anticipated to hamper the growth of the global androgenetic alopecia treatment drugs market over the forecast period. The US Pharmacist, published an article in 2018, stating that drugs used in the treatment of androgenetic alopecia causes various side effects. For example, topical Minoxidil causes pruritus and local erythema, while Finasteride causes orthostatic hypotension and dizziness.
Key players active in the global androgenetic alopecia treatment market are Vita-Cos-Med Klett-Loch GmbH, Ranbaxy Laboratories Ltd., Histogen Inc, Follica, Inc., Cipla Ltd, HCell Inc., Dr. Reddy’s Laboratories, Merck & Co. Inc, PureTech, Vitabiotics, Lexington International LLC, Aclaris Therapeutics, Inc, Daiichi-Sankyo Co. Ltd and Johnson and Johnson Services, Inc.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Androgenetic Alopecia Treatment Market Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Androgenetic Alopecia Treatment Market Industry Impact
Chapter 2 Global Androgenetic Alopecia Treatment Market Competition by Types, Applications, and Top Regions and Countries
2.1 Global Androgenetic Alopecia Treatment Market (Volume and Value) by Type
2.3 Global Androgenetic Alopecia Treatment Market (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Androgenetic Alopecia Treatment Market Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Androgenetic Alopecia Treatment Market Market Analysis
Chapter 6 East Asia Androgenetic Alopecia Treatment Market Market Analysis
Chapter 7 Europe Androgenetic Alopecia Treatment Market Market Analysis
Chapter 8 South Asia Androgenetic Alopecia Treatment Market Market Analysis
Chapter 9 Southeast Asia Androgenetic Alopecia Treatment Market Market Analysis
Chapter 10 Middle East Androgenetic Alopecia Treatment Market Market Analysis
Chapter 11 Africa Androgenetic Alopecia Treatment Market Market Analysis
Chapter 12 Oceania Androgenetic Alopecia Treatment Market Market Analysis
Chapter 13 South America Androgenetic Alopecia Treatment Market Market Analysis
Chapter 14 Company Profiles and Key Figures in Androgenetic Alopecia Treatment Market Business
Chapter 15 Global Androgenetic Alopecia Treatment Market Market Forecast (2022-2028)
Chapter 16 Conclusions
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