Alopecia Treatment Market is accounted for USD 7,325.0 million in 2019 with 4.9% CAGR by 2026 | Histogen Inc., Cipla Limited, Aclaris Therapeutics, Inc., Concert Pharmaceuticals, Inc., Merck & Co., Inc.
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Global Alopecia Treatment Market, by Disease Type (Androgenic Alopecia, Alopecia Areata, and Others), By Drug Type (Topical Agents, 5 AR Inhibitors, Corticosteroids, and Others), by Gender (Male and Female), By Route of Administration (Oral, Topical, and Injectable), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 7,325.0 million in 2017, and is estimated to exhibit a CAGR of 4.9% over the forecast period (2018-2026).
Increasing regulatory product approvals and product launches by market players are expected to augment the market growth
Major market players are engaged on product launches and focusing on receiving product approvals from regulatory bodies, in order to develop novel products to address critical unmet needs of patients. For instance, in July 2018, Aclaris Therapeutics, Inc. received the U.S. Food and Drug Administration (FDA) grant as the Fast Track designation to Aclaris’ investigational topical Janus Kinase (JAK) 1/3 inhibitor (ATI-502) for the treatment of alopecia areata, including patchy alopecia areata and variants of the disease, alopecia totalis and universalis. Moreover, robust pipeline is expected launch advanced drugs for alopecia in the near future, which is expected to boost the market growth over the forecast period. For instance, in June 2018, Almirall, a company based in Spain, published the results of Phase III trial of ALM12845/P-3074 for androgenic alopecia. The company is planning for the regulatory filing of the drug in the E.U. by the end of 2019.
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Furthermore, rising adoption of chemotherapy and radiation therapy for treatment of cancer, induces alopecia, which are expected to drive the global alopecia treatment market growth over the forecast period. For instance, according to the study published in National Center for Biotechnology Information (NCBI), February 2017, incidence of alopecia associated with chemotherapy drug categories such as topoisomerase inhibitors causes around 60% to 100% alopecia, Anti microtubule agents caused around 80% alopecia.
Additionally, key players in the market are focusing on adopting strategies such as mergers and acquisitions to enhance their product portfolio. For instance, Aclaris Therapeutics, Inc. acquired Confluence Life Sciences, Inc., a company focused on discovery and development of kinase inhibitors to treat autoimmune disorders such as alopecia areata, vitiligo, atopic dermatitis, and others, in 2017.
Browse 31 Market Data Tables and 25 Figures spread through 193 Pages and in-depth TOC on ‘Alopecia Treatment Market’- Global Forecast to 2026, by Disease Type (Androgenic Alopecia, Alopecia Areata, and Others), By Drug Type (Topical Agents, 5 AR Inhibitors, Corticosteroids, and Others), by Gender (Male and Female), By Route of Administration (Oral, Topical, and Injectable), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in the global alopecia treatment market Press Release, click the link below: https://www.coherentmarketinsights.com/press-release/alopecia-treatment-market-to-surpass-us-112-billion-by-2026-953
Key Takeaways of the Global Alopecia Treatment Market:
- The global alopecia treatment market is expected to exhibit a CAGR of 4.9% over the forecast period, attributed to increasing prevalence of alopecia. For instance, according to the Orphanet Report, in January 2019, the prevalence of Alopecia Universalis was around 25/100,000 and Alopecia Totalis was around 10.5/ 100,000 among population in Europe.
- Among disease type, androgenic alopecia segment held a dominant position in the global alopecia treatment market in 2018, attributed to increasing incidence of androgenic alopecia and rising number of ongoing clinical trials. For instance, in March 2019, Assiut University initiated clinical trial to study the role and efficacy of Vitamin D in treatment of androgenic alopecia. The study was expected to complete in December 2019.
- Among drug type, topical agents segment accounted for a major market share in the global alopecia treatment market in 2018, attributed to increasing number of drug candidates in the category of topical agents. For instance, in May 2018, Energenesis Biomedical Co., Ltd., collaborated with A2 Healthcare Taiwan Corporation to initiate phase 2 clinical trial to evaluate the efficacy and safety of ENERGI-F701 solution for topical use in female pattern baldness. The study was completed in March 2019.
- Major players operating in the global alopecia treatment market include Histogen Inc., Cipla Limited, Aclaris Therapeutics, Inc., Concert Pharmaceuticals, Inc., Merck & Co., Inc., Daiichi Sankyo Company, Limited, and Sun Pharmaceutical Industries Ltd.
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