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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 244
Countries covered: 22
Pages: 135
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Alopecia Market
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Alopecia Market Size
The global alopecia market size was valued at around USD 8.7 billion in 2023 and is estimated to grow at 8.1% CAGR from 2024 to 2032. The expansion of the market is fueled by the growing incidence of alopecia and the emerging concern around available treatment options. The increase in health conditions has been attributed to genetic factors, hormonal imbalance, autoimmune diseases, environmental factors, and even lifestyle factors that include poor diet and stress.
For instance, in the U.S. alone, an estimated 6.8 million people suffer from alopecia areata, and the numbers keep increasing. This boom in the patient base is increasing the requirement for pharmaceuticals, hair restoration products, and advanced hair transplant procedures. According to the National Alopecia Areata Foundation, there is a shift in the value offering along with significant improvements in the accuracy of diagnostics, hair implants, and laser therapy, which has made treatment options more cost-effective and easier to access.
Moreover, in a bid to combat hair loss, many people are starting to recognize the advertising potential of social channels and moving away from traditional marketing strategies, which will help them quickly increase their market share. Social media, combined with the newfound availability of pharmaceuticals, laser therapy devices, hair implants, and especially the advertising of new therapies, makes it increasingly likely that more people would opt for treatments, thereby increasing the market potential.
Due to this explosion in the use of social media for marketing, more people become aware of treatment options, which greatly increases the number of people who would seek treatment, further increasing the demand.
Alopecia is a type of hair loss condition affecting the scalp, face, or other regions of the body. Some of its causes include age, family history, hormone changes, and autoimmune diseases. There can be multiple forms of alopecia with hair loss of different patterns, and it can be chronic or acute.
Alopecia Market Trends
Alopecia Market Analysis
Based on disease type, the market is classified into androgenetic alopecia, alopecia areata, and other disease types. The androgenetic alopecia segment generated the highest revenue of USD 4.8 billion in 2023.
Based on treatment type, the alopecia market is categorized into pharmaceuticals, devices, and other treatments. The pharmaceuticals segment dominated the market by obtaining 48.8% of market share in 2023.
Based on gender, the alopecia market is categorized into male and female. The male segment is anticipated to dominate the market by obtaining USD 11.6 billion in 2032.
Based on sales channel, the alopecia market is classified into prescription and OTC. The prescription segment is anticipated to grow at the fastest pace of CAGR 8.3% during the forecast period.
Based on end-use, the alopecia market is classified into dermatology clinics, homecare settings, and other end-users. The dermatology clinics segment generated the highest revenue of USD 4.6 billion in 2023.
North America alopecia market accounted for USD 3.2 billion market revenue in 2023 and is anticipated to grow at CAGR of 7.7% between 2024 to 2032 period.
The U.S. held a dominant position in the alopecia market, with a revenue of USD 3.1 billion in 2023.
UK alopecia market is anticipated to witness substantial growth during 2024 to 2032 period.
Japan holds a dominant position in the Asia Pacific alopecia market.
Alopecia Market Share
The market has a variety of large multinational corporations and smaller to medium-sized firms, making it a competitive market. Competitive dynamics within pharmaceutical and device manufacturing are characterized by rivalry for novel treatments which are more efficient and increasingly cheaper to produce. Innovation in this area assists in meeting the changing clinical realities of the patients and ensures improved outcomes of care, thus enabling companies to secure a significant portion of the market for advanced alopecia products.
Alopecia Market Companies
Some of the eminent market participants operating in the alopecia industry include:
Alopecia Industry News:
The alopecia market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Disease Type
Market, By Treatment Type
By Gender
By Sales Channel
By End-user
The above information is provided for the following regions and countries: