The Increasing R&D Investments Pertaining To The Development Of Novel Therapeutics For The Treatment Of Alopecia Is Expected To Drive Alopecia Market Till 2024: Grand View Research, Inc.
The
global alopecia market is expected to reach over USD 11.8
Billion by 2024 according to a new report published by Grand View Research,
Inc. The increased healthcare expenditure and the resultant augmentation of
healthcare facilities, globally, are the key drivers of the alopecia treatment
market.
Additionally,
the increasing awareness amongst individuals pertaining to the availability of
the treatment options can be attributed to the favorable initiatives taken by
organizations such as the National Alopecia Areata Foundation (NAAF) and the
American Hair Loss Association. The increasing R&D investments pertaining
to the development of novel therapeutics for the treatment of alopecia is
expected to boost the usage rates.
International
conferences are held by the NAAF for individuals suffering from alopecia,
irrespective of their age, furthermore, NAAF also promotes research by bringing
together scientists from all over the world. The 31st National
Conference of NAAF will be held in Washington DC from 14th July
to 16th July, 2016.
The
FDA approval of the Janus kinase inhibitors (JAK) drugs that stimulate the
growth of hair follicles with minimal side effects is further expected to boost
the alopecia treatment market. The Children Alopecia Project by AHLA is
dedicated towards making investments in Children Support Groups, which provide
funding for children who cannot afford to attend the NAAF Conference and
promote research and development activities in alopecia treatment for
children.
Bald
Truth is a radio program that is involved in spreading awareness about the
different types of alopecia affecting people and about the varied products used
for the effective treatment of alopecia that are currently available in the
market. Rapunzel Project is another initiative by AHLA that is dedicated
towards preventing hair loss in chemotherapy patients.
North
America Alopecia Treatment Market Estimates and Forecasts, by Treatment Type,
2013 - 2024 (USD Million)
Browse full
research report on Alopecia Market: https://www.grandviewresearch.com/industry-analysis/alopecia-market
Further key
findings from the report suggest:
- In 2015, topical treatment accounted for over
USD 2.8 billion in global alopecia treatment market. The key factors
responsible for the large share of topical products include easy
application, non-invasive nature, and high awareness amongst the
population pertaining to the available therapeutics. The top brands of
topical solution are Keranique, Phytoworx, Ultrax, and Nioxin.
- The patent expiration of majority of the drugs,
such as Propecia & Rogaine and the FDA approval gained for the JAK
drugs, in 2015, which is an immunosuppresant with minimal side effects are
expected to boost the alopecia treatment market during the forecast
period.
- In 2015, the dominant gender segment for the
alopecia market were women that generated a revenue of about USD 4.03
billion and is expected to grow at a lucrativerate over the forecast
period. The increasing awareness amongst women about alopecia and the
emphasis laid upon appearance by them,are the key drivers of this segment.
- North America was the highest revenue
generating region with the market valued at over USD 2.49 billion in 2015.
The increasing number of consumer disposable incomes, the introduction of
new drugs, and the favorable initiatives taken by the pertinent
organizations namely, NAAF and AHLA, are the key factors for the region’s
large share.
- Key players operating in the market are Cipla,
Merck & Co., Johnson & Johnson, Lifes2good, Dr. Reddy’s
Laboratories, Sun Pharma, Kirkland Signature, Alpecin, Vitabiotics, and
Phyto Ales Group.
Browse more
reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the global alopecia market on the basis
of treatment and gender:
Global
alopecia treatment outlook, by revenue (USD Million, 2016 - 2024)
- Oral
- Topical
- Others
Global
alopecia gender outlook, by revenue (USD Million, 2016 - 2024)
- Men
- Women
Global
alopecia regional outlook, by revenue (USD Million, 2016 - 2024)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
Access
Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-alopecia-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Comments
Post a Comment