According to a recent report by Emergen Research, the worldwide alopecia market is expected to be valued USD 5,250.8 Million by 2027. Up to 2027, the alopecia market is anticipated to expand quickly. The market is expanding as a result of the increasing incidence of alopecia. For instance, alopecia areata, a chronic autoimmune condition that damages developing hair follicles and causes localised, nonscarring hair loss, is common around the world. The prevalence of the condition is estimated to be 0.001% in the general population, with a lifetime risk of 2.0%. It can happen to persons of any age, including children
The report analyzes the leading players The report analyzes the leading players of the global Alopecia market drivers and restraints market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Alopecia market drivers and restraints market.
As a result, the treatment rate rises generally, which is predicted to drive the market's expansion. Additionally, as people become more conscious of hair loss, there is a rising global desire for painless treatments with little adverse effects.
One of the main elements influencing the market's growth is the rising prevalence of hair loss. The American Academy of Dermatology Association (AAD) estimates that approximately 30 million women and 50 million men in the U.S. suffered with alopecia in 2018. Around 60% of people have issues with hair thinning, and pattern hair loss is the most prevalent type of hair loss in both men and women, according to data from the Journal of Clinical and Diagnostic Research (JCDR). Furthermore, regardless of gender, 2% of the world's population is susceptible to having AA in their lifetime.
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Key participants 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., and HCell Inc., among others.
Some Key Highlights from the Report
Revian announced that the U.S. had been granted a patent in January 2020. Patent Trademark Office (USPTO) for the use of exclusive colour light combinations for the regeneration of living bodily tissues, such as hair.
The years 2020–2027 are predicted to see the fastest growth in androgenetic alopecia. In the world's population, hair loss is a widespread occurrence. It is also known as male-pattern baldness in the case of men.
Total hair loss on the scalp is brought on by alopecia totalis, an advanced case of alopecia areata that results in rounded hair loss patches.
Androgenic alopecia in females is caused by PCO (Polycystic Ovary Syndrome), with an estimated 20.0% of females experiencing the disorder prior to menopause and about 40.0% experiencing it post-menopause.
The need for economical therapy and the growing emphasis on easy therapeutic accessibility are the driving forces behind the OTC (over-the-counter) availability of alopecia treatment medications.
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Emergen Research has segmented the global alopecia market on the basis of type, application, end-users, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Alopecia Areata
- Androgenetic Alopecia
- Alopecia Totalis
- Traction Alopecia
- Cicatricle Alopecia
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Male
- Female
End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Dermatology Clinics
- Homecare Settings
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Prescription
- OTC (Over-the-Counter)
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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