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Minoxidil Market Share

Report ID: GMI750
Published Date: Mar 2023
Report Format: PDF

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Minoxidil Market Share

Prominent companies constituting the competitive landscape of the minoxidil market include :

Maruti Futuristic Pharma Pvt. Ltd.
Changzhou Tianhua Pharmaceutical Co.
Nanz Med Science Pharma Private Limited
Par Pharmaceuticals
Provizer Pharma
Bakul Group of companies,
Metapharmaceutical Ind. S.L
LOY Pharma Lab, Inc.,
Dr. R. Pfleger Chemical Factory GmbH
Kumar Organic Products Limited, Ltd.,
Pharhome International Limited
McNeil Consumer Healthcare
Pfizer
Renata Limited

Enterprises in this business segment are undertaking R&D initiatives to introduce improved product formulations in the market and gain access to a broader consumer base. For instance, in March 2023, ViaDerma, Inc. unveiled its goal to introduce a new hair regrowth product using topical route Minoxidil. The company plans to incorporate Minoxidil with its exclusive patent-pending dual carrier transdermal delivery technology to develop a new hair regrowth product.

ViaDerma’s distinctive transdermal delivery system enables the transfer of chemicals via the stratum corneum, with a 10,000x higher diffusion constant than other products on the market. This permits much more of the active ingredient to be soaked into the skin and work faster and better, often delivering remarkably better results than conventional topical treatments.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for minoxidil was worth over USD 1.5 billion in 2022 and is projected to grow at a 4.5% CAGR from 2023 to 2032 due to increasing consumer spending on hair care products.

The minoxidil industry share from the 5% concentration segment is set to witness over 5% CAGR during 2023-2032, attributed to the growing prevalence of hair fall and hair loss among men and women.

North America minoxidil market is anticipated to be valued at over USD 1.3 billion by 2032, given the rapid uptake of hair care formulations and easy availability of the product in several forms.

Notable players in the minoxidil market include Maruti Futuristic Pharma Pvt. Ltd., Changzhou Tianhua Pharmaceutical Co., Nanz Med Science Pharma Private Limited, Par Pharmaceuticals, Provizer Pharma, Bakul Group of companies, Metapharmaceutical Ind. S.L, LOY Pharma Lab, Inc., and Dr. R. Pfleger Chemical Factory GmbH, among others