Androgenetic Alopecia Treatment Market
PUBLISHED: 2024 ID: SMRC26630
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Androgenetic Alopecia Treatment Market

Androgenetic Alopecia Treatment Market Forecasts to 2030 - Global Analysis By Treatment Type (Topical Treatments, Oral Medications, Hair Transplantation, Low-Level Laser Therapy (LLLT) and Other Treatment Types), Medication Type, Route of Administration, Distribution Channel, End User and By Geography

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4.3 (29 reviews)
Published: 2024 ID: SMRC26630

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Androgenetic Alopecia Treatment Market is accounted for $3.0 billion in 2024 and is expected to reach $5.3 billion by 2030 growing at a CAGR of 9.6% during the forecast period. Androgenetic alopecia treatment aims to manage hair loss caused by genetic and hormonal factors, primarily affecting men and women. It encompasses various approaches, including medications like minoxidil and finasteride, which promote hair growth and prevent further loss. Surgical options like hair transplant surgery are also common, involving the relocation of healthy hair follicles to balding areas. Additionally, lifestyle changes, such as stress reduction and a balanced diet, complement these treatments for more comprehensive results in combating androgenetic alopecia.

According to The Journal of Clinical and Diagnostic Research (JCDR)'s study, roughly 60% of the population suffers from hair loss, with various factors contributing to the severity of pattern hair loss in both sexes.

Market Dynamics: 

Driver: 

Increasing prevalence of androgenetic alopecia

The increasing prevalence of androgenetic alopecia has significantly impacted the market. As more individuals are affected by this condition, there's a growing demand for effective treatments and solutions. This trend has spurred innovation and research within the market, leading to the development of advanced therapies and products tailored to address the specific needs of individuals experiencing androgenetic alopecia. The market's expansion reflects the rising awareness and emphasis on hair loss management and restoration.

Restraint:

Side effects and safety concerns


In the market, side effects and safety concerns pose significant challenges. Patients may experience adverse reactions such as scalp irritation, dryness, or changes in hair texture with topical medications like minoxidil. Oral medications like finasteride have raised concerns about potential sexual side effects. These challenges underscore the importance of ongoing research and development for safer, more effective treatments.

Opportunity:

Growing demand for effective treatments

The market is experiencing a significant surge in demand for effective treatments. This is driven by factors such as increasing awareness, changing lifestyle patterns, and a growing aging population. Consumers are seeking innovative solutions that can effectively address hair loss concerns, leading to a burgeoning market with opportunities for novel therapies and products to cater to this demand.

Threat:

Lack of awareness

Many individuals affected by this condition may not fully understand the options for managing or treating it, leading to delayed or inadequate treatment. This lack of awareness also extends to healthcare providers, impacting their ability to offer comprehensive guidance and support to patients dealing with androgenetic alopecia. In the market, a significant challenge is the lack of awareness among the general population regarding available solutions and their effectiveness.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the Androgenetic Alopecia Treatment market. Due to lockdowns and restrictions, many clinics offering hair loss treatments faced closures or reduced capacity, leading to a decline in patient visits and treatment procedures. Supply chain disruptions also affected the availability of hair loss medications and therapies. However, the market has shown resilience with the adoption of telemedicine for consultations and the gradual recovery of healthcare services post-pandemic.

The hair transplantation segment is expected to be the largest during the forecast period

The hair transplantation segment is expected to be the largest during the forecast period. In the market for this treatment, advancements in technology and techniques have significantly improved outcomes and patient satisfaction. The demand for hair transplantation procedures continues to rise, driven by factors such as increasing awareness, improved affordability, and the desire for a more natural appearance. This trend is expected to persist as more individuals seek effective solutions for hair loss.

The dermatology clinics segment is expected to have the highest CAGR during the forecast period

The dermatology clinics segment is expected to have the highest CAGR during the forecast period. These clinics employ dermatologists who diagnose and prescribe personalized treatments such as topical medications, oral medications, and advanced procedures like PRP therapy or hair transplants. They also provide comprehensive consultations and ongoing monitoring to address the unique needs of each patient, contributing significantly to the growing market for the treatments.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Technological advancements in the field of hair restoration, such as laser therapy devices and stem cell treatments, contribute to the growth of the market as patients seek more effective and minimally invasive solutions. The market is competitive, with pharmaceutical companies, medical device manufacturers, and specialized clinics vying for market share by offering innovative products and services.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period driven by factors such as increasing awareness about hair loss treatments, advancements in medical technologies, and rising disposable incomes. Countries like India, China, and Japan are witnessing a surge in demand for hair loss solutions, including medications, therapies, and surgical procedures. Key players in the market are focusing on developing innovative products to cater to this growing demand and enhance their market presence in the region.

Key players in the market

Some of the key players in Androgenetic Alopecia Treatment market include Merck & Co., Inc., Johnson & Johnson, Pfizer Inc., Bayer AG, GlaxoSmithKline, Allergan, Histogen Inc., Dr. Reddy's Laboratories, Cipla Limited, Aclaris Therapeutics, Anterios, Inc., Aurora Scalp Clinics, Shiseido, Histogenics Corporation, Regenera Activa and Sun Pharmaceutical Industries Ltd.

Key Developments:

In December 2023, Sun Pharmaceutical Industries Ltd. entered into a strategic collaboration with Aclaris. Sun Pharma will get exclusive rights for the use of deuruxolitinib JAK inhibitor or other isotopic forms of ruxolitinib used to treat alopecia areata and androgenetic alopecia

In June 2023, Dr. Reddy’s Laboratories Ltd. announced an expansion of its generics business in India with the launch of RgenX. This dedicated division offers a wider range of affordable products to patients

In June 2023, Pfizer, Inc. received the U.S. FDA approval of Litfulo (ritlecitinib) to treat hair loss caused by alopecia. The drug blocks inflammatory signals that increase hair loss

Treatment Types Covered:
• Topical Treatments
• Oral Medications
• Hair Transplantation
• Low-Level Laser Therapy (LLLT)
• Other Treatment Types

Medication Types Covered:
• 5-alpha Reductase Inhibitors (5ARIs)
• Minoxidil
• Finasteride
• Dutasteride
• Other Medication Types 

Route of Administrations Covered:
• Topical Solutions
• Injectable Treatments
• Oral
• Implants 

Distribution Channels Covered:
• Drug Stores
• Online Retail
• Specialty Clinics
• Hospitals 

End Users Covered:
• Homecare Settings
• Dermatology Clinics
• Pharmaceutical 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 End User Analysis     
 3.7 Emerging Markets     
 3.8 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Androgenetic Alopecia Treatment Market, By Treatment Type 
 5.1 Introduction     
 5.2 Topical Treatments     
 5.3 Oral Medications     
 5.4 Hair Transplantation    
 5.5 Low-Level Laser Therapy (LLLT)   
 5.6 Other Treatment Types    
        
6 Global Androgenetic Alopecia Treatment Market, By Medication Type 
 6.1 Introduction     
 6.2 5-alpha Reductase Inhibitors (5ARIs)   
 6.3 Minoxidil      
 6.4 Finasteride     
 6.5 Dutasteride     
 6.6 Other Medication Types    
        
7 Global Androgenetic Alopecia Treatment Market, By Route of Administration
 7.1 Introduction     
 7.2 Topical Solutions     
 7.3 Injectable Treatments    
 7.4 Oral      
 7.5 Implants      
        
8 Global Androgenetic Alopecia Treatment Market, By Distribution Channel
 8.1 Introduction     
 8.2 Drug Stores    
 8.3 Online Retail     
 8.4 Specialty Clinics     
 8.5 Hospitals      
        
9 Global Androgenetic Alopecia Treatment Market, By End User 
 9.1 Introduction     
 9.2 Homecare Settings     
 9.3 Dermatology Clinics     
 9.4 Pharmaceutical      
 9.5 Other End Users     
        
10 Global Androgenetic Alopecia Treatment Market, By Geography 
 10.1 Introduction     
 10.2 North America     
  10.2.1 US     
  10.2.2 Canada     
  10.2.3 Mexico     
 10.3 Europe      
  10.3.1 Germany     
  10.3.2 UK     
  10.3.3 Italy     
  10.3.4 France     
  10.3.5 Spain     
  10.3.6 Rest of Europe    
 10.4 Asia Pacific     
  10.4.1 Japan     
  10.4.2 China     
  10.4.3 India     
  10.4.4 Australia     
  10.4.5 New Zealand    
  10.4.6 South Korea    
  10.4.7 Rest of Asia Pacific    
 10.5 South America     
  10.5.1 Argentina    
  10.5.2 Brazil     
  10.5.3 Chile     
  10.5.4 Rest of South America   
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia    
  10.6.2 UAE     
  10.6.3 Qatar     
  10.6.4 South Africa    
  10.6.5 Rest of Middle East & Africa   
        
11 Key Developments      
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 11.2 Acquisitions & Mergers    
 11.3 New Product Launch    
 11.4 Expansions     
 11.5 Other Key Strategies    
        
12 Company Profiling      
 12.1 Merck & Co., Inc.     
 12.2 Johnson & Johnson     
 12.3 Pfizer Inc.     
 12.4 Bayer AG      
 12.5 GlaxoSmithKline     
 12.6 Allergan      
 12.7 Histogen Inc.     
 12.8 Dr. Reddy's Laboratories    
 12.9 Cipla Limited     
 12.10 Aclaris Therapeutics    
 12.11 Anterios, Inc.     
 12.12 Aurora Scalp Clinics     
 12.13 Shiseido      
 12.14 Histogenics Corporation    
 12.15 Regenera Activa     
 12.16 Sun Pharmaceutical Industries Ltd.   
        
List of Tables       
1 Global Androgenetic Alopecia Treatment Market Outlook, By Region (2022-2030) ($MN)
2 Global Androgenetic Alopecia Treatment Market Outlook, By Treatment Type (2022-2030) ($MN)
3 Global Androgenetic Alopecia Treatment Market Outlook, By Topical Treatments (2022-2030) ($MN)
4 Global Androgenetic Alopecia Treatment Market Outlook, By Oral Medications (2022-2030) ($MN)
5 Global Androgenetic Alopecia Treatment Market Outlook, By Hair Transplantation (2022-2030) ($MN)
6 Global Androgenetic Alopecia Treatment Market Outlook, By Low-Level Laser Therapy (LLLT) (2022-2030) ($MN)
7 Global Androgenetic Alopecia Treatment Market Outlook, By Other Treatment Types (2022-2030) ($MN)
8 Global Androgenetic Alopecia Treatment Market Outlook, By Medication Type (2022-2030) ($MN)
9 Global Androgenetic Alopecia Treatment Market Outlook, By 5-alpha Reductase Inhibitors (5ARIs) (2022-2030) ($MN)
10 Global Androgenetic Alopecia Treatment Market Outlook, By Minoxidil (2022-2030) ($MN)
11 Global Androgenetic Alopecia Treatment Market Outlook, By Finasteride (2022-2030) ($MN)
12 Global Androgenetic Alopecia Treatment Market Outlook, By Dutasteride (2022-2030) ($MN)
13 Global Androgenetic Alopecia Treatment Market Outlook, By Other Medication Types (2022-2030) ($MN)
14 Global Androgenetic Alopecia Treatment Market Outlook, By Route of Administration (2022-2030) ($MN)
15 Global Androgenetic Alopecia Treatment Market Outlook, By Topical Solutions (2022-2030) ($MN)
16 Global Androgenetic Alopecia Treatment Market Outlook, By Injectable Treatments (2022-2030) ($MN)
17 Global Androgenetic Alopecia Treatment Market Outlook, By Oral (2022-2030) ($MN)
18 Global Androgenetic Alopecia Treatment Market Outlook, By Implants (2022-2030) ($MN)
19 Global Androgenetic Alopecia Treatment Market Outlook, By Distribution Channel (2022-2030) ($MN)
20 Global Androgenetic Alopecia Treatment Market Outlook, By Drug Stores (2022-2030) ($MN)
21 Global Androgenetic Alopecia Treatment Market Outlook, By Online Retail (2022-2030) ($MN)
22 Global Androgenetic Alopecia Treatment Market Outlook, By Specialty Clinics (2022-2030) ($MN)
23 Global Androgenetic Alopecia Treatment Market Outlook, By Hospitals  (2022-2030) ($MN)
24 Global Androgenetic Alopecia Treatment Market Outlook, By End User (2022-2030) ($MN)
25 Global Androgenetic Alopecia Treatment Market Outlook, By Homecare Settings (2022-2030) ($MN)
26 Global Androgenetic Alopecia Treatment Market Outlook, By Dermatology Clinics (2022-2030) ($MN)
27 Global Androgenetic Alopecia Treatment Market Outlook, By Pharmaceutical  (2022-2030) ($MN)
28 Global Androgenetic Alopecia Treatment Market Outlook, By Other End Users (2022-2030) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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