Alopecia Treatments Market To Show Robust Growth During the Forecast Period
Growing awareness towards potential
causes of hair loss is driving the growth in global alopecia treatments market
in the forecast period, 2022-2026.
According
to TechSci Research report, “Global Alopecia Treatments
Market By Disease Type
(Androgenic Alopecia, Alopecia Areata, Ciatricial Alopecia, Traction Alopecia,
Alopecia Totalis), By Gender (Male, Female), By Route of Administration
(Topical, Oral, Injectable), By End User (Hospitals, Dermatologic and
Trichology Clinics, Home Care Settings, Aesthetic Clinics), By Distribution
Channel (Hospitals, Retail Pharmacies, Online Pharmacies), By Region,
Competition Forecast & Opportunities, 2026”,
the global alopecia treatments market is projected to grow at an impressive
CAGR in the forecast period, 2022-2026, owing to rising instances of chronic
diseases globally coupled with rapidly growing geriatric population of the
world. Moreover, the geriatric population is more susceptible to alopecia since,
achieving the age, consumers have deteriorating health conditions in major
cases. Healthy nutrients are not that readily absorbed by the body and thus
lack of nutrients causes the consumers to lose hair, teeth, and have deteriorating
skin condition, etc. Moreover, rise in the prevalence of diseases like cancer
is also one of the major reasons behind the growth of the market. During the
radiation therapies, in case of severe phases of cancer, the patient often
looses the hair and achieves baldness. These patients can be children, young
adults, adults, or geriatric patients. Availability of the artificial wigs and
fake hair hats, along with the increased acceptance among the population for
the balding may create some restraints over the global alopecia treatments
market in the next five years.
Alopecia
treatment is a plan carried out for the issues of hair loss. The condition is
seen among both male and female patients that belong to any age, be it young
adult, adults, or the geriatric population. There are five kinds of alopecia
namely, androgenic alopecia, alopecia areata, ciatricial alopecia, traction
lopecia, alopecia totalis. Androgenic alopecia is the most prevailing kind of
alopecia in the whole world. It affects men more than the female population.
Alopecia areata is an autoimmune disease that attacks the hair follicles and
ultimately causes complete baldness to the patient. Hormonal changes,
hereditary conditions, radiation therapies for cancer treatment, stress, etc.
are some of the major causes of hair loss among the wide age groups of the
patients.
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Market"
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The global alopecia
treatment market is segmented by disease type, gender, route of administration,
end user, distribution channel, competitional landscape, and regional
distribution. Based on gender, the market is
divided between male and female consumers. Female consumers are anticipated to
hold the larger share of the market over male consumers. Major reason among the
females for the loss of hair is postmenopausal syndromes. Although the changing
trend and social acceptability has somewhat enhanced, but loss of hair among
the women is still questionable and socially not acceptable as much as baldness
and lack of hair among the men. Moreover, androgenetic alopecia is higher among
the women and it can severely affect the women’s emotional and psychological
imbalances. The fear of not being accepted, made fun of, and social awkwardness
renders a woman with the low quality of life.
Based on route of administration, the
market is further segmented into topical, oral, and injectable. Topical drugs
or topical treatment is the application of the therapeutic on the skin or the
epidermal tissues of the skin. The product range includes, lotions, oils,
creams, or hair masks, etc. Oral therapeutics are pills, tablets, capsules, tonics,
etc,. that are supposed to be administered through mouth (eating/drinking).
These drugs are often taken coupled with the other kind of route of
administrations.
Major companies operating in the market
are Aclaris Therapeutics Inc., Concert Pharmaceuticals Inc., Daiichi Sankyo
Inc., GlaxoSmithKline PLC, Johnson & Johnson Inc., Merck & Co. Inc.,
Sun Pharmaceuticals Industries Ltd., Teva Pharmaceutical Industries Ltd., Dr.
Reddy’s Laboratories Ltd., Cipla Ltd., Histogen Inc, Pfizer Inc., Eli Lilly and
Company Ltd., Bioniz Therapeutics Inc., Reistone Biopharma Company Limited,
among others. Market players are focused on the advanced therapeutic
availability along with the technologically advanced methods of the treatment
applications. Other strategies considered are positive and prolonged
partnerships for consistent distribution and supply of the related products.
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“With-holding half of the global market
shares, North America is anticipated to be the most promising market region in
the next five years. The region is expected to assert its dominance over the
market shares on the account of adoption of efficient and technologically sound
products related to alopecia treatments. Moreover, the region has some of the
largest economies like United States and Canada, that support the presence of
market giants like Johnson & Johnson Inc., etc. Presence of the major
market players supports the research and development of the technologically
advanced products and thereby supporting the growth of the market in the
region. Asia Pacific is also anticipated to hold the significant shares and
fastest CAGR due to improving healthcare infrastructure, advancing healthcare
structures like hospitals and clinics equipped with advanced medical facilities,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global Alopecia Treatments
Market By Disease Type (Androgenic Alopecia, Alopecia Areata, Ciatricial
Alopecia, Traction Alopecia, Alopecia Totalis), By Gender (Male, Female), By
Route of Administration (Topical, Oral, Injectable), By End User (Hospitals,
Dermatologic and Trichology Clinics, Home Care Settings, Aesthetic Clinics), By
Distribution Channel (Hospitals, Retail Pharmacies, Online Pharmacies), By
Region, Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global alopecia treatments market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global alopecia treatments market.
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