Baldness Treatment Market Strategic Insights and key Business Factor

Posted by johndbmr on April 22nd, 2021

baldness treatment market is growing at a substantial CAGR of 6.74% in the forecast period of 2020-2026. Baldness also known as alopecia, is a condition when hairs starts falling excessively from the scalp or elsewhere from the body.

The reason for hair loss can be hereditary, hormonal changes, medical conditions or medications. Hereditary hair loss with age is the most common cause of baldness and hair loss is most commonly seen in men than women. Symptoms include sudden loosening of hairs from scalp, circular or patchy bald spots.

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Key Market Players: Baldness Treatment Market

The key market players in the global baldness treatment market are Pfizer Inc, DAIICHI SANKYO COMPANY, LIMITED, Johnson & Johnson Services, Inc, Cipla Inc, Merck & Co., Inc, Sun Pharmaceutical Industries Ltd, Dr. Reddy’s Laboratories Ltd, Church & Dwight Co., Inc, Vitabiotics Ltd, DR. WOLFF-GRUPPE GMBH, Nanogen, Alès Groupe, Histogen Inc, Concert Pharmaceuticals, Inc, Aclaris Therapeutics, Inc, HCell Inc, GlaxoSmithKline plc among others.

Segmentation: Global Baldness Treatment Market

•          By Types (Androgenic Alopecia, Alopecia Areata, Alopecia Universalis, Alopecia Totalis and Others)
•          By Mechanism of Action (Potassium Channel Opener, Specific 5 Alpha-Reductase Inhibitor, Aldosterone Antagonist and Others)
•          By Drugs (Finasteride, Minoxidil, Dutasteride, Spironolactone and Others)
•          By Diagnosis (Blood Test, Pull Test, Scalp Biopsy and Light Microscopy)
•          By Treatment (Medication, Laser Therapy and Hair Transplant)
•          By Route of Administration (Oral and Topical)
•          By Distribution Channel (Hospital Pharmacy, Retail Pharmacy and Online Pharmacy)
•          By End-Users (Hospitals, Homecare, Specialty Clinics and Others)
•          By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Competitive Analysis: Baldness Treatment Market

Global baldness treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of baldness treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

•          Increasing prevalence of hair loss across the world is driving the market growth
•          Changing lifestyle such as increased consumption of alcohol and tobacco is accelerating the market growth
•          Growing emphasis on aesthetic appearances is also boosting the growth of this market
•          Rising geriatric population around the world is enhancing the market growth
•          High level of stress or rising incidences of chronic diseases such as polycystic ovary syndrome (PCOS), cancer and rheumatoid arthritis are fueling the market growth