Alopecia market will register a CAGR of almost 5.4% by 2025
OG Analysis, a global market research firm, has announced the release of their “Global Alopecia Market, Size, Share, Outlook and Growth Opportunities to 2025: By Disease Type (Alopecia Areata, Traction Alopecia, Alopecia Universalis, Cicatricial Alopecia, Alopecia Totalis, Androgenetic Alopecia and Others), By Sales Channel (Prescription and OTC), By Gender (Male and Female), By End User Industry (Dermatology Clinics and Home care Settings) and By Region” Report proposes complete outlook of the market including comprehensive market analysis, Market Share, Market Size, Market Drivers, Challenges and Opportunities.
Alopecia Market growth is driven by rising disease prevalence due to changing lifestyle patterns of individuals coupled with increasing awareness about alopecia treatment. According to studies of National Alopecia Areata Foundation (NAAF), about 147 million people are affected by alopecia areata worldwide.
Alopecia is highly prominent in men than in women. Alopecia areata is the leading contributor to the global alopecia market. Alopecia areata is highly prevalent among individuals aged 12-50 years due to increasing cases of smoking, physical stress, and alcohol consumption.
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Increasing research and development efforts to develop new methods and treatments along with obtaining FDA approvals are key competitive strategies paving the way for market expansion. The major players in the market are heavily investing in R&D to develop innovative oral & topical agents with high potential to treat alopecia with more efficacies.
North America is the major revenue contributor and is estimated to witness healthy growth during the forecast period. Increase in technological advancements and new product developments are some of the factors contributing to the market share of North America.
The 2019 series of global alopecia market size, share, outlook, trends and growth prospects is a comprehensive analysis on global alopecia market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of alopecia market, detailed porter’s five forces analysis and competitive insights are included in the research report.
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The report presents the detailed annual outlook of each disease type of the alopecia market to 2025. The report studied 7 disease types including alopecia areata, traction alopecia, alopecia universalis, cicatricial alopecia, alopecia totalis, androgenetic alopecia and others. Of these disease types, alopecia areata is estimated to occupy major share.
The report provides detailed alopecia market forecasts by various sales channels including prescription and OTC. Of these sales channels, prescription is forecasted to dominate the industry growth.
The report provides detailed alopecia market analysis by gender into 2 categories that includes male and female. Among these two genders, male segment is analysed to dominate the industry growth over the estimation period.
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The report presents in-depth insights into each of the leading alopecia end user industry along with annual forecasts to 2025. Various end user industries that are studied in the report include dermatology clinics and home care settings. Dermatology clinics segment is leading among various end user industries.
The current alopecia market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2025 are also included in the research report. Globally, North America is the major revenue contributor to the global market.
Latest news and industry developments in terms of alopecia capacity expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.
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