Alopecia Treatment Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Disease Type (Alopecia Areata, Androgenic Alopecia, and Others); Route of Administration (Topical, Oral, and Injectable); Distribution Channel (Hospitals and Clinics, Drug Stores and Retail Pharmacies, and Online Pharmacies); Regions/Country

Published:

Jan-2022

Pages:

229

Table:

41

Figure:

141

Report ID:

UMHE21610

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description


Alopecia Treatment Market is anticipated display a CAGR of around 6% over the forecast period (2021-2027).
The global Alopecia Treatment market is expected to witness robust growth mainly due to the aging and hormonal imbalance coupled with increasing chronic diseases like arthritis, cancer, hypertension, depression that also leads to hair loss, especially among the middle-aged population. Alopecia is an autoimmune disease that targets hair follicles in the Anagen phase and causes non-scarring alopecia. Many therapies are available for the treatment of Alopecia Areata, including topical, systemic, and injectable modalities. In addition, rise in research and development expenditure by key market players and their focus on the launch and approval of new drugs, is further expected to propel the market growth.

The ongoing COVID-19 pandemic across the world have had a tremendous impact on different spectra of society, the market for Alopecia Treatment no less. The market for Alopecia Treatment faced a negative impact due to movement restrictions, which have forced people to stay home, and, thus, there has been a huge decline in the hospital and clinics visits. Due to this, there has been a negative impact on the product sales and supply chains of numerous sectors, particularly during the first two quarters of the year 2020. This has adversely affected the trade of Alopecia Treatment products due to the reduced demand and widespread financial distress.

Insights Presented in the Report

“Amongst Disease Type, Androgenic Alopecia segment dominated the market in 2020”

Based on disease type, the Alopecia Treatment Market is segmented into Alopecia Areata, Androgenic Alopecia, and others. In 2020, Androgenic Alopecia category dominated the market and is expected to maintain its dominance throughout the forecast period. This is mainly due to the rising geriatric population coupled with unhealthy lifestyle and hormonal imbalance across the globe. Androgenetic alopecia is a common form of hair loss in both men and women. Androgenetic alopecia in men has been associated with several other medical conditions including coronary heart disease disorders of insulin resistance (such as diabetes and obesity), and high blood pressure (hypertension).

“Amongst Distribution Channel, Online Pharmacies category to witness fastest growth rate”

Based on distribution channel, the market is bifurcated into hospitals and clinics, drug store and retail pharmacies, and online pharmacies. Among these, online pharmacies category is expected to witness robust growth during the forecast period. The internet’s supply of pharmaceuticals has developed in numerous ways and according to different models in each part of the world. Moreover, growing internet penetration in developing countries of the world and entry of various tech start-ups in the sector is further fueling growth in the market. For instance, in India, Along with increasing customer adoption, there has been a secular rise in investor interest in online pharmacies, with the sector garnering US$ 700 million in investments in 2020 alone. Pharmeasy, Medlife, 1mg and Netmeds are some of the leading players in the Indian online pharmacy market.

“North America will Dominate the Market During the Forecast Period”

For a better understanding of the demand of Alopecia Treatment, the market is analyzed for major regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific); and Rest of World. Currently, North America dominates the market; however, Asia-Pacific is expected to witness highest CAGR growth owing to rising healthcare expenditure in countries such as China, India, and other developing Asian countries. Some of the major players operating in the market include Dr. Reddy’s Laboratories Ltd., Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Johnson & Johnson Inc., Cipla Inc., Cassiopea S.p.A., Fagron, Follicum AB, Arcutis Biotherapeutics, and Concert Pharmaceuticals Inc.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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1.1.    Market Definitions
1.2.    Limitation
1.3.    Stakeholders
1.4.    Currency used in Report
2.1.    Research Process of the Alopecia Treatment Market
2.2.    Research Methodology of the Alopecia Treatment Market
2.3.    Forecasting Method
2.4.    Respondent Profile
2.5.    Main Objective of the Alopecia Treatment Market Study
3.       MARKET SYNOPSIS
4.       EXECUTIVE SUMMARY

 

5.       ALOPECIA TREATMENT MARKET COVID-19 IMPACT
6.       ALOPECIA TREATMENT MARKET REVENUE (USD BN), 2019-2027F
7.1.    Alopecia Areata 
7.2.    Androgenic Alopecia
7.3.    Others 
8.1.    Topical
8.2.    Oral
8.3.    Injectable
9.1.    Hospitals and Clinics
9.2.    Drug Stores and Retail Pharmacies
9.3.    Online Pharmacies
10.1.                     North America
10.1.1.    US
10.1.2.    Canada
10.1.3.    Rest of North America
10.2.                     Europe
10.2.1.    Germany
10.2.2.    UK
10.2.3.    France
10.2.4.    Italy
10.2.5.    Rest of Europe
10.3.                     Asia-Pacific
10.3.1.    China
10.3.2.    Japan
10.3.3.    India
10.3.4.    South Korea
10.3.5.    Rest of Asia-Pacific
10.4.                     Rest of World
11.1.                     Market Drivers
11.2.                     Market Challenges
11.3.                     Impact Analysis
12.   ALOPECIA TREATMENT MARKET OPPORTUNITIES
13.   ALOPECIA TREATMENT MARKET TRENDS
15.1.                     Demand Side Analysis
15.2.                     Supply Side Analysis
15.2.1.    Top Product Launches
15.2.2.    Top Business Partnerships
15.2.3.    Top Business Expansions
15.2.4.    Top Merger and Acquisitions
16VALUE CHAIN ANALYSIS
17.1.                     Competitive Landscape
17.1.1.    Company Shares, By Revenue
18.1.                     Dr. Reddy’s Laboratories Ltd.
18.2.                     Eli Lilly and Company
18.3.                     Teva Pharmaceutical Industries Ltd.
18.4.                     Johnson & Johnson Inc.
18.5.                     Cipla Inc.
18.6.                     Cassiopea S.p.A.
18.7.                     Fagron
18.8.                     Follicum AB
18.9.                     Arcutis Biotherapeutics
18.10.                  Concert Pharmaceuticals Inc.
19DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future of the Alopecia Treatment Market were the three major steps undertaken to create and analyze the demand and sales of Alopecia Treatment across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted, with industry experts across the value chain of the industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below.

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Alopecia Treatment through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Alopecia Treatment, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are disease type, route of administration, and distribution channel. Further regional level analyses were conducted to evaluate the overall demand of Alopecia Treatment in global context.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing vehicle ownership and technological advancement in the healthcare sector etc. Historical trends and their year-on-year impact on the market size and share was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Market, and market shares of the segments and company. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the demand of Alopecia Treatment across the major regions globally
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Alopecia Treatment Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Alopecia Treatment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of disease type, route of administration, distribution channel, and regions.

The main objective of the Alopecia Treatment Market Study

The current & future market trends of the Alopecia Treatment Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Alopecia Treatment in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments of the industry
  • Segments in the study include disease type, route of administration, distribution channel, and regions
  • Defined analysis of the regulatory framework for the Alopecia Treatment industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors pertaining to the industry
  • Analyze the current and forecast market size of the Alopecia Treatment across the globe. Major regions analyzed in the report include North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific); and Rest of World. Define and analyze the competitive landscape of the Alopecia Treatment sector and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry