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U.S. Minoxidil Market Share

Report ID: GMI5017
Published Date: Mar 2021
Report Format: PDF

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U.S. Minoxidil Market Share

U.S. minoxidil industry is competitive with key players including:

Walmart
Costco Wholesale Corporation
LGM Pharma
Renata Limited
FLAMMA GROUP
Perrigo Company PLC
Johnson and Johnson Consumer Inc,
Par Pharmaceuticals
Metapharmaceutical Ind S.L.
Kumar Organics Products Limited.

Companies are primarily engaged in launching new products which allow convenient and safe use and should provide greater opportunities to product market.

In July 2020, LGM Pharma acquired pharmaceutical development and manufacturing unit of Nexgen Pharma which should open opportunities for new product pathway for company’s pharmaceutical products, distribution expansion and R & D and clinical developments which is likely to boost the U.S. minoxidil market trends.

High product cost and sometimes the product can lead to side effects such as acne at site of application and reddened skin may be restrained to product market growth.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

U.S. minoxidil market size had surpassed USD 600 million in 2020 and will register a CAGR of more than 4.35% through 2027.

Rising number of individuals with hair loss problems along with the growing demand for hair care products in the country is driving the product demand, enhancing the industry outlook.

2% minoxidil formulation segment had recorded a valuation of over USD 100 million in 2020 and will grow owing to increasing product demand due to the rising pervasiveness of hair loss problems in the country.

Retail pharmacies segment will register a valuation of around USD 460 million by 2027 owing to the easy availability of minoxidil topical solution and oral medications as generic medicines.