New York City, NY: Jun 20, 2019 – Published via (Wired Release) – Alopecia is partial or complete hair loss, especially on the scalp, and either occurs in patches on the entire head or over the body. Alopecia areata is an immunologic disorder that generally affects men and women between the ages of 20 and 40. The disease starts with rapid patchy hair loss, which can spread to the entire scalp. It is an autoimmune disorder, in which the individual’s immune system is assumed to attack hair follicles.
According to report, the global alopecia drugs market was valued at US$ 6,901.8 Mn in 2016 and is projected to register a CAGR of 4.8% from 2017 to 2026.
Hair loss due to cancer treatment, hormone imbalance, rising prevalence of chronic diseases, nutritional deficiencies, and genetics are some more factors driving growth of the global alopecia drug market. Moreover, increasing consciousness of one’s personal appearance, novel therapeutic options, and high disposable income in developed countries are major factor expected to drive growth of the global alopecia drugs market over the forecast period.
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Global Alopecia Drugs Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global alopecia drugs market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global alopecia drugs market is expected to expand at a moderate CAGR of 4.8% during the forecast period.
Global Alopecia Drugs Market: Segmental Snapshot
The market report has been segmented on the basis of route of administration, gender, and region. The route of administration segment includes oral, injectable, and topical. Gender segments include men and women. The regions covered in the analysis are The Americas, Europe, Asia Pacific, and Rest of the World.
By route of administration: The topical segment is estimated to register a CAGR of over 5.1%, thereby accounting for highest revenue share among the route of administration segments.
By gender: The men segment is estimated to account for highest revenue share among the gender segments, registering a CAGR of over 5.0% during the forecast period.
By region: The market in Asia Pacific is expected to record highest CAGR of over 7.3% between 2017 and 2026.
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Global Alopecia Drugs Market: Competitive Analysis
The research report on the global alopecia drugs market includes detailed competitive analysis on major companies such as Taisho Pharmaceutical Holdings Co. Ltd., The Himalaya Drug Company, Johnson & Johnson Services, Inc., GlaxoSmithKline Plc., Cipla Inc., Dr. Reddy’s Laboratories Ltd., MERCK, Vitabiotic Ltd., and Sun Pharmaceutical Industries Ltd.
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