Alopecia is also known as hair loss or baldness, which refers to hair loss from the part of head or body. This condition can happen in both male and female at any age. There are five major kind of alopecia to be specific for instance androgenic alopecia, cicatricial alopecia, alopecia totalis, alopecia areata, and telogen effluvium. The cause of female-pattern alopecia and male-pattern alopecia include hereditary condition, hormonal changes, radiation therapy to the head, stress, and certain medications & supplements. Alopecia treatment plays a key role in advanced healthcare that helps in prevention of hair fall and regrowth of hair. Treatment for hair loss can be carried out using drugs such as corticosteroids, finasteride, minoxidil, 5-alpha-reductase inhibitors, and cyclosporine. Moreover, surgical treatments for alopecia include scalp reduction, hair transplantation, and laser therapy.
Based on product type, alopecia
treatment market is segmented into vitamins & supplements, shampoos &
conditioners, and other (gels, oils, and serums). Based on drug type, market is
segmented into finasteride, minoxidil, and other drug types. Based on
indication, market is segmented into androgenic alopecia, alopecia totalis,
alopecia areata, and others. In addition, based on distribution channel, market
is segmented into drug stores & retail pharmacies, hospitals pharmacies, and
online pharmacies.
The alopecia treatment market is
driven by increase in prevalence of chemotherapy, followed by surge in
geriatric population, change in food habits, increase in consumption of alcohol
& tobacco, high level of stress & hormonal imbalance, and rise in
prevalence of alopecia conditions such as androgenic alopecia, alopecia
totalis, alopecia areata and others induced alopecia. However, probable side
effects, reactions, allergies caused by alopecia treatments and high cost of
medications may impact the market. Moreover, rise in development of novel
therapeutic drugs and growth in technological advancements are key
opportunities for market.
Based on geography, the
North-American region dominates the global alopecia treatment market owing to higher
adoption of alopecia treatment products, well developed healthcare
infrastructure, large presence of pharmaceutical companies, and wide
availability of advanced alopecia treatment products in the region. Whereas,
the Asian-Pacific and European regions are expected to exhibit substantial
growth rate due to rise in number of hospitals equipped with advanced medical
facilities, improvement in healthcare infrastructure over the forecast period.
In upcoming years, it is likely that future of the market will be optimistic as
a result of increase in development of research & development (R&D)
sectors as well as rise in healthcare reforms during the forecast period. The
global alopecia treatment market was valued at US $2,736 million in 2018, and
is estimated to reach US $3,935 million by 2026, registering a CAGR of 4.6%
from 2019-2026.
For More Information, Click on the Link Below:-
Global
Alopecia Treatment Market
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Ken
Research
Ankur Gupta, Head Marketing &
Communications
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