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  • Published On : Jan 2021
  • Code : CMI4374
  • Industry : Pharmaceutical
  • Pages : 195
  • Formats :

Hair loss is caused due to systemic androgen and genetic factors. It may occur in both genders. The increasing incidence of alopecia or hair loss is expected to boost the market growth. For instance, according to the National Center for Biotechnology Information (NCBI), in August 2015, global prevalence of severe androgenetic alopecia (AGA) was 15.33% and varied significantly by geographical regions. The same source states that risk of having severe androgenetic alopecia (AGA) increases by 1.092 for per year in the age group of 30 and 40.

The global hair loss treatment market is estimated to be valued at US$ 3,592.3 million in 2020 and is expected to exhibit a CAGR of 6.2% during the forecast period (2020-2027).

Figure 1. Global Hair Loss Treatment Market Share (%), by Region, 2020

Hair Loss Treatment  | Coherent Market Insights

Product development and ongoing clinical trials are expected to propel growth of the global hair loss treatment market.

Development of drugs for hair loss treatment is expected to boost the market growth over the forecast period. For instance, Cairo University has initiated clinical trial of topical Cetirizine for the treatment of androgenetic alopecia in females. The trial is in Phase II/III evaluating the efficacy and tolerability of topical cetirizine in female patients with androgenetic alopecia (AGA). This interventional trial started in February 2020 and the study expected completed in December 2021. 

However, side effects of hair loss treatment is expected to hinder the market growth. For instance, according to the US Pharmacist, a clinically-focused pharmacy publication, published an article- Treatment Options for Androgenetic Alopecia, in 2018, stated that medication used for the treatment of androgenetic alopecia exhibit several side effects. For instance, topical Minoxidil can cause local erythema and pruritus and Finasteride can cause dizziness, orthostatic hypotension, and others.

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Hair Loss Treatment Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 3,592.3 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.2% 2027 Value Projection: US$ 5,461.1 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Drug Type:
    • Noncicatricial: Telogen Effluvium, Androgenetic Alopecia, Alopecia Areata.
    • Cicatricial, Others.
  • By Product Type: Corticosteroids, Antihypertensives, Topical Immune-modulators, Others.
  • By Route of Administration: Oral, Topical.
  • By Gender: Male, Female.
  • By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
Companies covered:

Viviscal, Cipla Limited, Aclaris Therapeutics, Inc., Merck & Co., Inc., Daiichi-Sankyo Co., Ltd., Johnson and Johnson Services, Inc., Lexington International LLC, Vita-Cos-Med Klett-Loch GmbH, PureTech, Vitabiotics, Dr. Reddy’s Laboratories, Ranbaxy Laboratories Ltd, HCell Inc., Follica, Inc., Aurobindo Pharma, and Zydus Pharmaceuticals, Inc. (Zydus Cadila).

Growth Drivers:
  • Rising incidence of hair loss
  • Product development and ongoing trials for treatment of hair loss
Restraints & Challenges:
  • Side effects of hair loss treatment

Figure 2. Global Hair Loss Treatment Market Share (%), by Type, 2020

Hair Loss Treatment  | Coherent Market Insights

Research and development for the treatment of androgenetic alopecia in North America is expected to boost the market growth.

North America is expected to hold dominant position in the global hair loss treatment market, owing to research and development of treatments for androgenetic alopecia in the region. For instance, on June 4, 2020, Follica, Inc., a biotechnology company developing a regenerative platform designed to treat androgenetic alopecia, and other related conditions, announced positive feedback from the U.S. Food and Drug Administration (FDA) for its FOL-004 Phase II released in December 2019. The company advanced its lead program, FOL-004 into Phase III development in 2020, following a successful safety and efficacy optimization study for the treatment of hair loss in male androgenetic alopecia.

Global Hair Loss Treatment Market – Impact of Coronavirus (COVID-19) Pandemic

Nationwide lockdowns resulting from COVID-19 in various countries across the globe have impacted the financial status of businesses in all sectors. The private healthcare is one such sector, which has been impacted significantly by the COVID-19 pandemic.

The lockdown in various countries due to the pandemic has placed an economic burden on the healthcare sector. Moreover, the coronavirus pandemic has hampered the development, production, and supply of drugs and other healthcare products and affected growth of healthcare businesses of various companies across the globe.

As a result, the impact of the COVID-19 pandemic is also expected to limit growth of the global hair loss treatment market during the forecast period.

Key Players

Major players operating in the global hair loss treatment market include Viviscal, Cipla Limited, Aclaris Therapeutics, Inc., Merck & Co., Inc., Daiichi-Sankyo Co., Ltd., Johnson and Johnson Services, Inc., Lexington International LLC, Vita-Cos-Med Klett-Loch GmbH, PureTech, Vitabiotics, Dr. Reddy’s Laboratories, Ranbaxy Laboratories Ltd, HCell Inc., Follica, Inc., Aurobindo Pharma, and Zydus Pharmaceuticals, Inc. (Zydus Cadila), among others.

Hair loss is a common condition and it can be caused by numerous disorders. Hair loss or alopecia begins after the onset of puberty. Pattern or androgenetic alopecia is a genetically predetermined disorder due to excessive response to androgens that affects around 50% of males and females globally, according to the National Center for Biotechnology Information (NCBI). It is characterized by progressive loss of terminal hair of the scalp, in a characteristic distribution in both males and females. In males, hair loss is most prominent in the vertex and frontotemporal regions, while in women the frontal hairline is typically spared with diffuse apical hair loss noted as a wider anterior part of the hair.

Market Dynamics

Rising incidence of androgenetic alopecia is expected to drive the global hair loss treatment market growth. For instance, according to the National Library of Medicine (NLM), a medical library, which is part of the National Institutes of Health (NIH), androgenetic alopecia affects around 50 million men and 30 million women in the U.S.

However, availability of alternative treatments is expected to hinder the market growth. For instance, hair restoration surgery such as scalp reduction surgeries, which is not used frequently but efficacy of hair transplantation is based on the principle of donor dominance.

Key features of the study:

  • This report provides in-depth analysis of the global hair loss treatment  market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new drug launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global hair loss treatment market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study are Viviscal, Cipla Limited, Aclaris Therapeutics, Inc., Merck & Co., Inc., Daiichi-Sankyo Co., Ltd., Johnson and Johnson Services, Inc., Lexington International LLC, Vita-Cos-Med Klett-Loch GmbH, PureTech, Vitabiotics, Dr. Reddy’s Laboratories, Ranbaxy Laboratories Ltd, HCell Inc., Follica, Inc., Aurobindo Pharma, and Zydus Pharmaceuticals, Inc. (Zydus Cadila), among others
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future drug launches, drug class up-gradation, market expansion, and marketing tactics
  • The global hair loss treatment market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hair loss treatment market.

Detailed Segmentation:

  • Global Hair Loss Treatment Market, By Type:
    • Noncicatricial
      • Telogen Effluvium
      • Androgenetic Alopecia
      • Alopecia Areata
    • Cicatricial
    • Others
  • Global Hair Loss Treatment  Market, By Product Type:
    • Corticosteroids
    • Antihypertensives
    • Topical Immune-modulators
    • Others
  • Global Hair Loss Treatment  Market, By Route of Administration:
    • Oral
    • Topical
  • Global Hair Loss Treatment  Market, By Gender:
    • Male
    • Female
  • Global Hair Loss Treatment  Market, By Distribution Channel:
    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Pharmacies
  • Global Hair Loss Treatment  Market, By Region:
    • North America
      • By Type:
        • Noncicatricial
          • Telogen Effluvium
          • Androgenetic Alopecia
          • Alopecia Areata
        • Cicatricial
        • Others
      • By Product Type:
        • Corticosteroids
        • Antihypertensives
        • Topical Immune-modulators
        • Others
      • By Route of Administration:
        • Oral
        • Topical
      • By Gender:
        • Male
        • Female
      • By Distribution Channel:
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Type:
        • Noncicatricial
          • Telogen Effluvium
          • Androgenetic Alopecia
          • Alopecia Areata
        • Cicatricial
        • Others
      • By Product Type:
        • Corticosteroids
        • Antihypertensives
        • Topical Immune-modulators
        • Others
      • By Route of Administration:
        • Oral
        • Topical
      • By Gender:
        • Male
        • Female
      • By Distribution Channel:
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Drug Type:
        • Noncicatricial
          • Telogen Effluvium
          • Androgenetic Alopecia
          • Alopecia Areata
        • Cicatricial
        • Others
      • By Product Type:
        • Corticosteroids
        • Antihypertensives
        • Topical Immune-modulators
        • Others
      • By Route of Administration:
        • Oral
        • Topical
      • By Gender:
        • Male
        • Female
      • By Distribution Channel:
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Type:
        • Noncicatricial
          • Telogen Effluvium
          • Androgenetic Alopecia
          • Alopecia Areata
        • Cicatricial
        • Others
      • By Product Type:
        • Corticosteroids
        • Antihypertensives
        • Topical Immune-modulators
        • Others
      • By Route of Administration:
        • Oral
        • Topical
      • By Gender:
        • Male
        • Female
      • By Distribution Channel:
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Type:
        • Noncicatricial
          • Telogen Effluvium
          • Androgenetic Alopecia
          • Alopecia Areata
        • Cicatricial
        • Others
      • By Product Type:
        • Corticosteroids
        • Antihypertensives
        • Topical Immune-modulators
        • Others
      • By Route of Administration:
        • Oral
        • Topical
      • By Gender:
        • Male
        • Female
      • By Distribution Channel:
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Type:
        • Noncicatricial
          • Telogen Effluvium
          • Androgenetic Alopecia
          • Alopecia Areata
        • Cicatricial
        • Others
      • By Product Type:
        • Corticosteroids
        • Antihypertensives
        • Topical Immune-modulators
        • Others
      • By Route of Administration:
        • Oral
        • Topical
      • By Gender:
        • Male
        • Female
      • By Distribution Channel:
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Viviscal*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Cipla Limited
    • Aclaris Therapeutics, Inc.
    • Merck & Co., Inc.
    • Daiichi-Sankyo Co., Ltd.
    • Johnson and Johnson Services, Inc.
    • Lexington International LLC
    • Vita-Cos-Med Klett-Loch GmbH
    • PureTech
    • Vitabiotics
    • Reddy’s Laboratories
    • Ranbaxy Laboratories Ltd
    • HCell Inc.
    • Follica, Inc.
    • Aurobindo Pharma
    • Zydus Pharmaceuticals, Inc. (Zydus Cadila).

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global hair loss treatment market is expected to exhibit a CAGR of 6.2% during the forecast period (2020-2027).
The global hair loss treatment market is estimated to be valued at US$ 3,592.3 million in 2020.
Rising incidence of hair loss and ongoing clinical trials for the treatment of androgenetic alopecia are favoring the market growth.
Antihypertensive segment is expected to be the leading drug type segment in the global hair loss treatment market during the forecast period (2020-2027).
North America is expected to hold the largest market share in the global hair loss treatment market.
Major players operating in the global hair loss treatment market include Viviscal, Cipla Limited, Aclaris Therapeutics, Inc., Merck & Co., Inc., Daiichi-Sankyo Co., Ltd., Johnson and Johnson Services, Inc., Lexington International LLC, Vita-Cos-Med Klett-Loch GmbH, PureTech, Vitabiotics, Dr. Reddy’s Laboratories, Ranbaxy Laboratories Ltd, HCell Inc., Follica, Inc., Aurobindo Pharma, and Zydus Pharmaceuticals, Inc. (Zydus Cadila), among others.

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