Alopecia treatment hairloss market
Market Overview:
Alopecia is a word used under certain medical circumstances or nutritional problems to define excessive hair harm. A sedentary lifestyle and unhealthy diets lead to weight loss of hair. In addition, aging and hormonal imbalance, increasing chronic diseases such as arthritis, cancer, hypertension, and depression also lead to hair loss, particularly among the middle aged population. Androgenetic alopecia accounts for more than 95 percent of men s hair loss, according to the American Hair Loss Association. Over 800,000 patients globally are looking for some kind of hair loss therapy. Two drugs-Minoxidil, to treat hypertension and finasteride Propecia to treat benign prostate hyperplasia BPH have been approved by the US FDA for alopecia treatment. American Hair Loss Association proposes that minoxidil be used in patients who have not replied to finasteride therapy. Alopecia prevalence rate among the working age population is high.
In recent years, the regulatory bodies have approved many novel drugs for alopecia treatment, and many drugs are in the pipeline, which are expected to be approved in the near future. In January 2018, Concert Pharmaceuticals Inc. obtained fast track designation from the U.S. Food and Drug Administration FDA for its new medium to severe alopecia areata therapy product. At the same moment, FDA obtained orphan drug designation ODD for its product from HCell Inc., a biotechnology business. Perrigo Company PLC launched Women s Rogaine over – the-counter in 2017, which enables the scalp to regrow hair. In the near future, launches of such novel products on the market are expected to drive the growth of the global market for alopecia treatment.
Scope of the report:
Alopecia Treatment Hair Loss is the drugs recommended for the therapy of alopecia according to the scope of the study. Minoxidil, Finasteride, Cyclosporine, for instance.
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Key market trends:
Female is expected to hold largest share of global alopecia treatment hair loss market, over the forecast period:
At some point in their life, about one-third of females experience hair loss alopecia . As many as two-thirds of postmenopausal females suffer from hair thinning or bald spots. Women s hair loss often impacts more than men s hair loss because it s less socially acceptable to them. Androgenetic alopecia is the most frequent cause of women s hair loss. Alopecia can influence the emotional well-being and quality of life of a woman significantly. Although Alopecia is more prevalent in males than females, due to factors such as elevated rates of consciousness combined with enhanced frequency of Polycystic Ovary Syndrome PCOS causing hormonal imbalance that contributes to androgenetic alopecia, the woman has the biggest market share.
North America is estimated to hold largest share in the market:
Due to the existence of technologically sophisticated healthcare facilities, elevated disposable earnings and the accessibility of new treatment alternatives, North America dominates the Alopecia Treatment Hair Loss market. According to the United States National Medicine Library, Alopecia areata in the United States impacts 1 in every 500 to 1,000 individuals. It is one of many known types of alopecia; after androgenetic alopecia, alopecia areata is the second most prevalent type. Alopecia areata influences males and females alike and can happen in individuals of any ethnic background.
The elevated incidence and the proportionally elevated rates of hair loss therapy in the U.S. are therefore strong drivers for the North American industry.
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Competitive Landscape:
Sun Pharmaceuticals Industries Ltd., Aclaris Therapeutics Inc., Cipla Inc., Concert Pharmaceuticals Inc., Daiichi Sankyo Inc., are among the prominent industry players working in the complete hair loss market. Competitive approaches taken by market players are the development of sophisticated goods for better results and strict advertising.
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