Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Alopecia Market (By Disease Type: Alopecia Areata, Androgenetic Alopecia; By End Users: Homecare Settings, Dermatology Clinics; By Distribution Channel: Prescriptions, OTC) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, April 17, 2019 (GLOBE NEWSWIRE) -- The alopecia market expected to grow at a noteworthy CAGR of around 5.0% during the period from 2018 to 2026. Increasing prevalence of the diseases, rising healthcare spending and increasing per capita income of the people driven the growth of the market.
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Topical commands the largest market share during the forecast period. The growth is driven by the high absorbability and non-invasive characteristics of treatments. The treatments are offered in the form of gels, lotions and liquids. Alopecia market is largest in men. Moreover, it is expected that the market for women will be growing in the forecast period. High awareness pertaining to the hair treatments is the key factor driving the growth.
North America region is the largest market for Alopecia market
North America has the highest market share. The introduction of new drugs, and the favorable initiatives taken by the pertinent organizations are the key driving factors for the regions large share. Presence of huge number of players, presence of huge key players in the market and availability of huge investment will support the market growth. U.S. holds the major share in the market owing to the well developed healthcare sector, presence of huge geriatric population and high healthcare spending. Europe holds the second leading position in the market followed by Asia Pacific. Asia pacific is expected to witness the fastest growth rate during the forecast period. The economic development coupled with constant rising disposable income in countries such as India, China and Singapore will present high growth opportunities over the forecast period.
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Androgenic Alopecia to lead the global Alopecia market
The global alopecia Market is segmented by type, end user, and distribution channel.
By Type, the global alopecia Market is segmented into Androgenic Alopecia, Alopecia Areata, Alopecia Totalis, Ciatricial Alopecia, Traction Alopecia. Alopecia Areata leads the segment and is anticipated to grow at a lucrative CAGR in the forecast period.
By End User, the global alopecia market is segmented into homecare settings and dermatology clinics. Dermatology clinics lead the market in the forecast period. With the newer technologies and the appropriate medication or therapy being the driving factors responsible for the dermatology clinics.
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Being a competitive market a number of companies are trying to introduce new and effective product into their portfolio which will help to sustain in the market. Some of the leading companies operating in the global Alopecia market include Cipla,Dr. Reddy’s Laboratories Ltd, Merck & Co., Viviscal, Regaine, Ranbaxy Laboratories Ltd, Kirkland Signature, Lexington International LLC, Vitabiotics, Alpecin - Dr. Kurt Wolff GmbH & Co, Johnson and Johnson, GlaxoSmithKline PLC
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