Alopecia Market Size, Key Alopecia Market Players, SWOT, Revenue Growth Analysis, 2021–2028
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 and adults, and affects men and women almost equally.
Healthcare spending is rising as a result of an increase in campaigns launched by groups like the National Alopecia Areata Foundation and the American Hair Loss Association to raise awareness of hair regrowth and available treatment choices. Patients from lower socioeconomic backgrounds benefit from the Cheap Care Act of 2010, which makes healthcare insurance more accessible and affordable for everyone. 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
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Dermatology Clinics
- Homecare Settings
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- OTC (Over-the-Counter)
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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