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What fueled the previous growth in the alopecia market?

In the past few years, there has been a consistent expansion in the scale of the alopecia industry. The market is forecasted to rise from $11.05 billion in 2024 to $11.6 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. Factors such as enhanced awareness of diagnostic methods, increased customer demand, the rise in international medical tourism centers, and improved reimbursement situations have contributed to the growth during the historic period.

What will be the alopecia market size in the future?

Steady expansion is projected for the Alopecia market size in the coming years, reaching $13.88 billion by 2029 with a compound annual growth rate (CAGR) of 4.6%. The growth during the forecast period is due to factors such as the rising aging population, escalating cosmetic concerns, an increase in lifestyle-related factors, and growth in healthcare spending. Key trends predicted for the forecast period encompass improved treatment methods, biotech breakthroughs, and the increased application of artificial intelligence (AI) and machine learning (ML) to alopecia studies.

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What main drivers are fueling expansion in the alopecia market?

The alopecia market is slated to grow, spurred by the rise in instances of hair loss. The condition, which results in the partial or comprehensive loss of hair in areas where it generally grows, can be significantly improved by alopecia treatment. It can restore hair growth, design personalized treatment strategies, employ a combination of therapies, and tackle the physical manifestation of hair loss, all of which can tremendously boost a person’s emotional health and overall life quality. In April 2023, China’s National Health Commission reported that over 250 million Chinese experienced hair loss, with 42% falling within the 26-30 age group. Also, data from the US-based Statistic Brain Research Institute in February 2023 indicated that roughly 40% of men will encounter visible hair loss by the time they are 35 years old. Hence, the increased rate of hair loss is a significant driver of the alopecia market. The alopecia market is also set to flourish due to the rise in government initiatives. These initiatives could range from particular actions and policies to programs or projects orchestrated by governmental bodies to resolve problems, accomplish specific objectives or enhance the wellbeing of their citizens or the broader community. By allocating funds for research, expediting the process of approving new medications and treatments, and launching campaigns to raise public and healthcare professionals’ awareness about alopecia, these initiatives can significantly promote alopecia treatment. A case in point is the Ireland-based minister for social protection, Heather Humphreys, who introduced a new grant of $525.36 (€500) in June 2022 via gov.ie (Government of Ireland) to aid individuals suffering from hair loss due to illness to afford wigs, hairpieces, or other hair replacements. This move can significantly improve the lives of individuals with alopecia and other conditions that cause hair loss. Thus, the burgeoning government initiatives play a crucial role in propelling the growth of the alopecia market.

What key areas define the segmentation of the global alopecia market?

The alopecia market covered in this report is segmented –

1) By Type: Alopecia Areata, Androgenetic Alopecia, Alopecia Totalis, Traction Alopecia, Cicatricial Alopecia, Other Types

2) By Treatment: Pharmaceutical, Low Level Laser Therapy (LLLT) Devices, Hair Transplant, Regenerative Medicine, Other Treatments

3) By Gender: Male, Female

4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Other Distribution Channels

5) By End-User: Dermatology Clinics, Homecare Settings, Other End-Users

Subsegments:

1) By Alopecia Areata: Patchy Alopecia Areata, Persistent Patchy Alopecia Areata, Alopecia Universalis, Diffuse Alopecia Areata, Ophiasis

2) By Androgenetic Alopecia: Male Pattern Baldness, Female Pattern Hair Loss

3) By Alopecia Totalis: Complete Scalp Hair Loss

4) By Traction Alopecia: Frontal Traction Alopecia, Occipital Traction Alopecia

5) By Cicatricial Alopecia: Lichen Planopilaris, Discoid Lupus Erythematosus, Central Centrifugal Cicatricial Alopecia, Frontal Fibrosing Alopecia, Folliculitis Decalvans

6) By Other Types: Telogen Effluvium, Anagen Effluvium, Trichotillomania

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Who are the dominant players expanding their reach in the alopecia market?

Major companies operating in the alopecia market are Pfizer Inc., Johnson and Johnson Ltd., Merck and Co. Inc., Bayer AG, Novartis AG, Sanofi SA, GlaxoSmithKline PLC, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Allergan PLC, Teva Pharmaceutical Industries Ltd., Mylan N.V., Sun Pharmaceutical Industries Ltd., Perrigo Company PLC, Intertek Group PLC, Dr. Reddy’s Laboratories Ltd., Cipla Limited, Almirall S.A., Aclaris Therapeutics Inc., Curallux LLC, Theradome Inc., Lexington International LLC, Histogen Inc., Apira Science Inc.

How are evolving market trends shaping alopecia Strategies?

Leading firms in the alopecia market are aspiring to establish a competitive edge through the creation of groundbreaking treatments. For instance, in June 2022, Eli Lilly and Company, an American pharmaceutical enterprise, alongside Incyte, another US-based pharmaceutical entity, announced their FDA approval for luminant oral tablets. These tablets, approved by the United States Food and Drug Administration (FDA), a federal agency in the US, are acclaimed to be the first FDA-endorsed systemic treatment designed for the mitigation of severe alopecia areata in adults. Additionally, Olumiant has also received indications for the treatment of adult patients with moderately to severely active rheumatoid arthritis, particularly those who have exhibited an inadequate response to one or more tumor necrosis factor (TNF) blockers.

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Which regions are emerging as leaders in the alopecia market?

North America was the largest region in the alopecia market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alopecia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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