According to Emergen Research, the global alopecia market size was USD 2,886.72 million in 2020 and is expected to reach USD 5,718.12 million in 2028 and register a revenue CAGR of 8.9% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Alopecia Market, By Type (Alopecia Areata, Androgenetic Alopecia, Alopecia Totalis, Traction Alopecia, Cicatricle Alopecia, Others), By Application (Male, Female), By End-use (Dermatology Clinics, Homecare Settings, Others), By Distribution Channel (Prescription, OTC (Over-the-counter), and By Region Forecast to 2028”
According to Emergen Research, the global alopecia market size was USD 2,886.72 million in 2020 and is expected to reach USD 5,718.12 million in 2028 and register a revenue CAGR of 8.9% during the forecast period, 2021-2028.
Market Dynamics:
Key factors providing impetus to the global alopecia market revenue growth include significant changes in lifestyle and rising prevalence of chronic diseases such as hyperthyroidism, hypothyroidism, hypopituitarism, acute stress disorder, lupus, and PCOD (polycystic ovary disease). Other major factors expected to drive the global alopecia market revenue growth are increasing cases of alopecia areata and androgenetic alopecia, rising prevalence of various genetic disorders, increasing incidences of hormonal anomalies, and a significant rise in cases Hodgkin’s disease, Hashimoto’s disease, Addison’s disease, and celiac disease.
Alopecia is a condition characterized by sudden and progressive loss of hair, which usually begins with several circular bald patches that might overlap rapidly. Alopecia Areata, which is one of the most severe forms of the condition, is an autoimmune disorder in which the cells of the immune system attack the hair follicles and lead to significant hair loss. Unhealthy lifestyles, such as smoking and frequent or regular alcohol consumption, and rising levels of stress and anxiety among the youth are some of the leading causes of the condition. Rising awareness of the disease, growing focus on improving one’s physical appearance, rising disposable incomes of people, and increased spending on hair regrowth products further drive the global market revenue growth.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Androgenetic Alopecia Segment Accounted for Largest Revenue Share in 2020:
The androgenetic alopecia segment accounted for the largest revenue share in the global market in 2020. Also known as male-pattern hair loss (MPHL), androgenetic alopecia is generally associated with medical conditions such as obesity, diabetes, coronary heart disease, hypertension, and prostate cancer. Increasing number of hair transplantation procedures and growing availability of advanced oral alopecia drugs and licensed topical treatments drive the revenue growth of this segment.
Dermatology Clinics Segment to Account for Fastest Revenue CAGR:
The dermatology clinics segment is projected to register the fastest revenue growth rate in the global market over the forecast period. Increasing prevalence of alopecia, growing rate of consultation visits to dermatology clinics, and introduction of advanced hair regain therapies are key factors driving this segment’s revenue growth.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America alopecia market accounted for the largest revenue share in the global market in 2020 due to many favorable factors. Rising prevalence of alopecia among men and women, introduction of advanced therapeutic options for disease, increased spending on over-the-counter products for hair loss treatment, and rising disposable incomes of consumers are among the major factors driving the regional market revenue growth.
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Major Companies in the Global Alopecia Market Include:
- Johnson & Johnson Services Inc.
- Cirrus Hair Centers
- Cipla Inc.
- Follica Inc.
- Merck & Co. Inc.
- Sun Pharmaceutical Industries Ltd.
- Concert Pharmaceuticals Inc.
- GlaxoSmithKline PLC
- Aclaris Therapeutics Inc.
- HCell Inc.
For the purpose of this report, Emergen Research has segmented the global alopecia market on the basis of type, application, end-use, distribution channel, and region:
Type Outlook (Revenue, USD Million; 2018-2028)
- Alopecia Areata
- Androgenetic Alopecia
- Alopecia Totalis
- Traction Alopecia
- Cicatricle Alopecia
- Others
Application Outlook (Revenue, USD Million; 2018-2028)
- Male
- Female
End-use Outlook (Revenue, USD Million; 2018-2028)
- Dermatology Clinics
- Homecare Settings
- Others
Distribution Channel Outlook (Revenue, USD Million; 2018-2028)
- Prescription
- OTC (Over-the-counter)
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Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Reasons to buy the report:
- This study segments the Alopecia market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Alopecia sectors.
- This Alopecia report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Alopecia market.
Key features of the report:
- To study the key aspects impacting the Alopecia market size.
- To identify growth prospects in the Alopecia market.
- To analyze the Alopecia market segments and deduce the dominant trends observed in the industry.
- To examine the Alopecia market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Alopecia market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Alopecia Market Segmentation & Impact Analysis
4.1. Alopecia Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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