Alopecia Market - Forecast(2021 - 2026)

The global Alopecia Market is estimated to grow at a CAGR of 8.15% during the forecast period 2019–2025. The market is projected to grow from $2.63bn in 2018 to $4.54bn by 2025. Alopecia is medical condition that leads to hair loss and baldness eventually. Hair loss may happen in patches or whole from a small area to the entire body. Alopecia is caused due to autoimmune disorders such as thyroid, vitiligo and others. Asthma, allergies and others may also be another cause of alopecia. The report covers Alopecia Market size by type and applications, Alopecia Market share by top 5 companies and also the market share by start-ups during the forecast period.

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Key Takeaways:

  • In the coming years, growing prevalence of the condition is set to drive the growth of the market.

  • Product launches were the key sustainability strategy adopted by the market players to ensure the growth of Alopecia Market.

  • APAC region is estimated to record the fastest growth rate during the forecast period.

Disease Type - Segment Analysis

In 2018, Alopecia areata segment dominated the Alopecia Market in terms of revenue. It is forecast to grow at a CAGR of 6.71% during the period under consideration.  Alopecia areata is a case when hair loss occurs in circular patches. This happens as a result of body’s immune system attacking healthy its own hair follicles.

Treatment Type - Segment Analysis

In 2018, Topical agents segment dominated the Alopecia Market in terms of revenue. Topical agents are creams or lotions applied in the affected area. People prefer topical agents as they are a safer option and leads to less side effects and contains enhanced ingredients.

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Gender - Segment Analysis

Alopecia was more prominent issue among men. Hence the Male segment dominated the Alopecia Market in 2018. Alopecia is also growing among females and is mainly attributed to Polycystic Ovary Syndrome (PCOS), a hormonal disorder resulting in enlarged ovaries and causes psychological distress to women.

Distribution Channel - Segment Analysis

Pharmacies segment dominated the Alopecia Market in 2018. This can be mainly attributed to the growth of OTC medicines available in the market. Hospitals/Clinics are fast growing segments and is expected to dominate the market in future.

Geography - Segment Analysis

In 2018, the North America region occupied 42% of the global Alopecia Market in terms of revenue. National Alopecia Areata recorded that in the U.S., approximately 6.8 million individuals had been diagnosed till 2017. APAC region is estimated to record the fastest growth rate during the forecast period. 

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Location: United States

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