A sedentary lifestyle, unhealthy eating habits, and growing stress levels are increasingly responsible for severe hair loss and damage, also known as alopecia.
Androgenetic Alopecia Treatment: Introduction
- A sedentary lifestyle, unhealthy eating habits, and growing stress levels are increasingly responsible for severe hair loss and damage, also known as alopecia. Ageing, hormonal imbalance, and increasing prevalence of cancer, arthritis, hypertension, and depression are other factors causing alopecia.
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Key Drivers of Global Androgenetic Alopecia Treatment Market
- Thus, the global androgenetic alopecia treatment market is anticipated to expand significantly in the next few years owing to a surge in the prevalence of alopecia. The number of people seeking alopecia treatment is extremely high in developed nations. However, increased healthcare expenditure has spurred the demand for alopecia treatment in developing nations such as China and India as well.
- According to the American Hair Loss Association, 95% of hair loss in men is caused by androgenetic alopecia. The Association also states that around 800,000 people are undergoing some form of treatment for hair loss across the globe. Rise in geriatric population and increase in hypertension and depression among the middle aged population are other factors driving the alopecia treatment market.
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- Rise in demand for surgical hair transplant is expected to drive the global androgenetic alopecia treatment market in the next few years. An increase in the disposable income of the people, technological advancements in hair treatment medical devices, and a growing emphasis on looking good are other key factors driving the market. Moreover, easy accessibility to scalp treatment is also boosting the market.
- The global androgenetic alopecia treatment market is estimated to be hampered by the high cost of medication. The probable side-effects, reactions, and allergies caused by alopecia treatments are projected to further restrain the market.
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Shampoos and Conditioners to be Highly Attractive Segment
- In terms of product, the global androgenetic alopecia treatment market can be classified into shampoos and conditioners, vitamins and supplements, and others
- The shampoos and conditioners segment is anticipated to account for a major share of the global androgenetic alopecia treatment market by 2031 owing to high usage of shampoos and conditioners for the treatment of androgenetic alopecia
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Dermatology Clinics to be Highly Lucrative Segment
- Based on end-user, the global androgenetic alopecia treatment market can be categorized into homecare settings, dermatology clinics, and others
- The dermatology clinics segment is likely to account for a major share of the global androgenetic alopecia treatment market by 2031 due to an increase in consultation of patients in dermatology clinics
North America to Offer Significant Opportunities in Androgenetic Alopecia Treatment Market
- In terms of region, the global androgenetic alopecia treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America accounted for a major share of the global market in 2020. North America is also a lucrative region of the market, owing to a rise in hair loss among people and the high treatment rates. High disposable income of people and the availability of innovative therapeutic solutions are also key factors propelling the market in North America.
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Key Players Operating in Global Androgenetic Alopecia Treatment Market
The global androgenetic alopecia treatment market is semi-consolidated, with the presence of international and local players. Key players operating in the global androgenetic alopecia treatment market are:
- Vitabiotics
- Sun Pharma
- Merck & Co.
- Alpecin
- Dr. Reddy’s Laboratories
- Cipla
- Johnson & Johnson
- Kirkland Signature
- Phyto Ales Group
- Lifes2good
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