Major Health Benefits of Alopecia Drugs

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Alopecia is loss of hair due to a variety of factors the most important being genetic. The loss of hair due to Alopecia may be partial and restricted to a part of body or complete loss of hair. The market for alopecia drug treatment represents a huge opportunity as America alone spends ~ $ 3 billion on hair loss treatment. The market is also choked with unethical products having no effect on the progress of the condition. In fact many products do more harm than good.
The Global Alopecia Drugs Market is expected to reach around $ 11.8 billion by the end of the forecast period and is expected to grow at a CAGR of ~ 6.92%. 
The primary market drivers are genetics, increasing awareness, modern lifestyle changes, stress, drug-induced alopecia etc. The constraining factors are unethical spurious products, poor efficacy and efficiency of treatment resulting in poor economics to the patient, neglect of alopecia as it is not life threatening and noncontagious etc. The market is also extremely fragmented with numerous players small and big and the lifecycle of products is very low. The market is also very susceptible to social currents and advertisements.
Intended Audience
  • Alopecia Drugs Manufacturers
  • Alopecia Drugs Suppliers
  • Private Research Laboratories
  • Research and Development (R&D) Companies
  • Market Research and Consulting Service Providers
  • Government Research Laboratories
  • Contract Manufacturing Organizations
Segments:
Global Alopecia Drugs Market has been segmented on the basis of alopecia type which comprises alopecia areata, alopecia totalis, and alopecia universalis. On the basis of product type; which comprises tropical, oral and others. On the basis of end users; market is segmented into hospitals and clinics, saloons and home care.
Key Players for Global Alopecia Drugs Market:
Some of the key players in this market are: Cipla Inc., Dr. Reddy’s Laboratories Ltd., Johnson & Johnson, Merck & Co., Ranbaxy Laboratories Ltd, The Himalaya Drug Company, Taisho Pharmaceutical Holdings Co., Sun Pharmaceutical Industries Ltd. and others.
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Regional Analysis of Global Alopecia Drugs Market:
Globally America is the largest market for alopecia drugs. The American market for alopecia drugs is expected to grow by a CAGR of ~ 4% around $ 3.75 billion by the end of the forecast period of 2016-2022.  Europe is the second-largest market for alopecia drugs. Asia pacific region is expected to be fastest growing region in alopecia drugs market.
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