The global alopecia market was valued at USD 8.81 billion in 2022. The market size is estimated to grow at a CAGR of 8.8% from 2022 to 2027 and worth USD 13.44 billion by 2027.
Alopecia is a medical condition that refers to sudden, excessive hair loss on the head, mostly in circular patches. One such type of alopecia - Alopecia areata, is a common autoimmune disease that causes baldness that results in partial or complete hair loss. Various hair transplant drugs and therapies can be used to treat this condition. The significant factors causing hair loss are tobacco and alcohol use, smoking, stress, and unhealthy eating habits. In addition, genetic factors could also contribute to hair loss. Hair loss can be treated with drugs such as minoxidil, finasteride, 5-alpha-reductase inhibitors, corticosteroids, and cyclosporine or via surgical interventions such as hair transplantation, scalp reduction, and laser therapy.
Chronic disorders like cancer, rheumatoid arthritis, hypertension, Hormonal imbalance- polycystic ovary syndrome (PCOS), depression, high level of stress, increasing consumption of alcohol and tobacco, changing food habits, and chemotherapy-induced alopecia are primarily propelling the global alopecia market growth.
Among women, the increasing prevalence of PCOS contributes to recent market growth. The hormonal imbalance from this disorder affects the hair follicles, which is why it is expected to lead to alopecia and accelerate market growth. In addition, increased awareness programs for the treatment and management of alopecia, increased prevalence of alopecia conditions such as androgenic alopecia, alopecia areata, alopecia totalis, and others, and environmental factors such as sun damage and hard water damage are other key factors expected to contribute to the growth of the global alopecia treatment market.
Y-O-Y rise in the aging population is predicted to boost the alopecia market.
Increasing age leads to more hair loss, especially in men, which is the leading cause of this disease. Therefore, the need for hair loss treatment products by the senior population is increasing significantly, which is expected to drive the market growth rate. Poor eating habits are considered one of the main engines of growth. Hair growth is affected by malnutrition and micronutrient deficiencies, and this is also linked to the absence of certain nutrients in the body, such as vitamins and biotin. Body nutrient reservoir significantly impacts health, resulting in hair loss. According to the American Hair Loss Association, over 96% of hair loss cases in men can be attributed to androgenic alopecia. In addition, it is estimated that around 86% of men develop significant thinning of their hair before the age of fifty. According to the 2018 Census of Practice of the International Society for Hair Restoration Surgery results, more than 55% of men and women treated surgically by member physicians were between 30 and 50 years old. According to World Bank statistics, current health expenditure increased from 10% in 2010 to 12.2 in 2020. In addition, current health expenditure per capita increased from 495.77 USD in 2010 to 1,200.55 USD in 2019. The increase in healthcare expenditure, supported by the population's need for quality healthcare services, is also expected to contribute to the growth of the global alopecia market.
Furthermore, factors such as the increasing prevalence of diseases globally, technical advancements, and increasing health expenditure per capita are some of the factors expected to offer opportunities for the global alopecia treatment market during the forecast period. In addition, due to the increasing demand for combination therapies with higher efficiency and minimal side effects, cytokines and regenerative cell therapies are widely used to treat different types of alopecia. Furthermore, various drugs, such as corticosteroids and minoxidil, have other benefits; minoxidil is also used to treat enlarged prostate. In addition, many drugs are currently in late-stage clinical trials, which should offer growth possibilities to the market participants.
However, factors such as the expensive drugs, and possible side effects caused by the medicine, such as acne at the application site, scalp burn, facial hair growth, hair loss, inflammation, or pain at the root of the skin, are expected to restrain the development of the global alopecia market during the forecast period. In addition, alopecia medicine does not have immediate results; hence people are often discouraged from continuing the alopecia treatment, which challenges the market growth rate. Moreover, the alopecia drugs in underdeveloped countries are less known due to poor healthcare infrastructure, which is expected to hamper the growth of the global alopecia market.
COVID-19 Impact on the global alopecia market:
Due to the COVID-19 pandemic, the healthcare community has devoted all efforts and resources to its treatment, and as such non-essential medical treatments and procedures have been rescheduled. This will negatively affect the progress of the alopecia market in the short term. In addition, the reorientation of local government health resources to deal with COVID-19 is expected to become a factor hampering the growth of the alopecia market soon. However, the alopecia treatment market is expected to return to normalcy in the second half of 2021 due to the recovery of developed and emerging economies after the COVID-19 pandemic crisis.
Market Size Available
2021 to 2027
2022 to 2027
By Disease, Treatment, Gender, Sales Channel, End-Use, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
This research report on the global alopecia market has been segmented and sub-segmented into the following categories.
Alopecia Market – By Disease Type:
Based on the disease type, the alopecia areata segment is expected to account for the largest share of the market during the forecast period. The Alopecia areata held a significant share over the forecast period of 35.2% in 2020. Consumer awareness, increasing disease prevalence, and technological advancements in the treatment drive market growth. Due to a rise in the discovery of innovative therapies and positive efforts in the approval process, the category is expected to grow substantially during the projected period. For example, the U.S. FDA granted Incyte Corporation and Eli Lilly and Company Breakthrough Therapy Designation for baricitinib to treat A.A. in March 2020. The Breakthrough Therapy Designation will assist in obtaining clearance more quickly.
Alopecia Market – By Treatment:
Minoxidil dominates the global market and is expected to remain so during the forecast period. In addition, hair transplantation, scalp reduction treatment, and other surgical procedures can be used to treat alopecia. The segment growth is driven by the proliferation of chronic diseases such as hypertension, depression, and arthritis. Moreover, an increase in air & water pollution is influencing the Alopecia treatment market as these pollutions harm the hair and result in baldness at the early stage.
Alopecia Market – By Gender:
The alopecia market is projected to be dominated by men during the forecast period, and this can be linked to the growing number of therapy options available to men worldwide. In addition, males have a higher prevalence of alopecia, which implies this market produces significant revenue. However, the female segment is expected to rise steadily during the analysis period. One of the key elements encouraging growth in females is the increased desire for aesthetic appearance.
Alopecia Market – By Sales Channel:
Alopecia Market – By End Use:
The dermatology clinics segment dominated the market, owing to factors such as an increase in the number of dermatology clinics and a rise in the number of trichologists worldwide. Hospitals and physician’s offices, on the other hand, are expected to develop steadily over the predicted period. Positive growth is due to increased patients seeking hair treatments at such medical facilities.
Alopecia Market – By Region:
Geographically, North America currently accounts for the most significant global market share during the forecast period. Due to the surge in hair loss among people and high treatment rates. Furthermore, due to the increased awareness of alopecia treatment products, Asia Pacific delivers lucrative prospects for key players in the alopecia treatment market. The alopecia market in the Middle East and Africa, on the other hand, is expected to rise significantly throughout the analysis period, owing to an increase in the number of hair treatments performed in the region.
In 2019, the North American alopecia market held 44% of the global alopecia market in revenue. The U.S is expected to dominate the regional market, followed by Canada. The national alopecia areata recorded that in the United States, approximately 7.2 million people were diagnosed in 2018. The increasing technological advancements in the medical sector and the increase in research and development activities in the health sector are expected to drive the market for the North American region. Another factor expected to support market growth in the region is the increasing drug approval by the United States Food and Drug Administration (FDA).
The European alopecia market is expected to witness a healthy growth rate during the forecast period. The markets in the UK and France accounted for the most significant share in the European alopecia market share in 2019 and are expected to continue throughout the forecast period.
The alopecia market in the APAC region is projected to register the fastest growth rate in the global alopecia treatment market during the forecast period. This can be attributed to the increase in the geriatric population and unhealthy lifestyle changes among the people of this region. Furthermore, increasing cases of baldness in the region, mainly in countries like China and India, are additional factors that are expected to contribute to the growth of the alopecia market.
The alopecia market in the middle east is estimated to be growing at a CAGR of 7.06%. Since Dubai has the highest hair loss cases among other countries due to the climatic changes that are dry and dull, which makes the hair dehydrated and causes hair loss. Therefore, the demand and need for hair treatment increase are driving the market growth of alopecia treatment. The MEA region will have an excellent market growth rate owing to the increased adoption of alopecia treatment products, the significant presence of pharmaceutical companies, the developing healthcare infrastructure, and the availability of treatment products.
The alopecia market in Latin America is expected to experience a high growth rate during the forecast period, mainly due to medical tourism in Latin American countries such as Mexico, Argentina, Brazil, and Peru. Additionally, the developing healthcare sector, the rise of health reforms, and technological advances in the health field will expand the alopecia treatment market in the region.
KEY MARKET PLAYERS:
Johnson & Johnson, Inc., Merck & Co., Inc., Teva Pharmaceutical Industries Ltd., Dr. Reddy’s Laboratories Ltd., Cipla Ltd., Cellmid Ltd., The Himalaya Drug Company, Taisho Pharmaceutical Holdings Co., Ltd, Shiseido Co., Ltd and Zhangguang 101 Science & Technology Co., Ltd are a few of the noteworthy companies in the global alopecia market.
RECENT MARKET DEVELOPMENTS:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Global Alopecia Treatment Market – By Disease Type:
6.1.1 Alopecia Areata
6.1.2 Cicatricial Alopecia
6.1.3 Traction Alopecia
6.1.4 Alopecia Totalis
6.1.5 Alopecia Universalis
6.1.6 Androgenetic Alopecia
6.1.8 Market Size Estimations & Forecasts (2022 - 2027)
6.1.9 Y-o-Y Growth Rate Analysis
6.1.10 Market Attractiveness Index
6.2 Global Alopecia Treatment Market – By Treatment
6.2.3 Market Size Estimations & Forecasts (2022 - 2027)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Global Alopecia Treatment Market – By Gender:
6.3.3 Market Size Estimations & Forecasts (2022 - 2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Global Alopecia Treatment Market – By Sales Channel:
6.4.3 Market Size Estimations & Forecasts (2022 - 2027)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Global Alopecia Treatment Market – By End Use:
6.5.1 Homecare Settings
6.5.2 Dermatology Clinics
6.5.3 Market Size Estimations & Forecasts (2022 - 2027)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2022 - 2027)
7.2.1 By Country
7.2.2 By Disease Type:
7.2.3 By Treatment:
7.2.4 By Gender:
7.2.5 By Sales Channel:
7.2.6 By End Use:
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Disease Type:
7.3.3 By Treatment:
7.3.4 By Gender:
7.3.5 By Sales Channel:
7.3.6 By End Use:
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Disease Type:
7.4.3 By Treatment:
7.4.4 By Gender:
7.4.5 By Sales Channel:
7.4.6 By End Use:
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Disease Type:
7.5.3 By Treatment:
7.5.4 By Gender:
7.5.5 By Sales Channel:
7.5.6 By End Use:
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Disease Type:
7.6.3 By Treatment:
7.6.4 By Gender:
7.6.5 By Sales Channel:
7.6.6 By End Use:
8. Key Player Analysis
8.1 Johnson & Johnson, Inc.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Merck & Co., Inc.
8.3 Teva Pharmaceutical Industries Ltd.
8.4 Dr. Reddy’s Laboratories Ltd.
8.5 Cipla Ltd.
8.6 Cellmid Ltd.
8.7 The Himalaya Drug Company
8.8 Taisho Pharmaceutical Holdings Co., Ltd
8.9 Shiseido Co., Ltd
8.10 Zhangguang 101 Science & Technology Co., Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
As per our research report, the global alopecia market was worth USD 8.81 billion in 2022 and is expected to grow USD 13.44 billion by 2027.
Between 2022 to 2027, the alopecia market in the APAC region is expected to grow at the fastest CAGR.
Based on the gender, the male segment is expected to dominate alopecia market in the coming future.
The global alopecia market is expected to grow at a healthy CAGR from 2022 to 2027 and be worth USD 13.44 billion by 2027.
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