Alopecia Industry
The global alopecia market size is expected to reach USD 16.02 billion by 2030, registering a CAGR of 9.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The approval of JAK inhibitors and tyrosine kinase inhibitors along with the rising target disease prevalence is expected to drive market growth.
The prevalence of alopecia areata (AA) and alopecia totalis is increasing globally. It is one of the most commonly encountered problems in clinics in the U.S. As per a research article published in March 2023, in the U.S. and UK, AA accounted for 0.6% to 2% of the new cases encountered in dermatology clinics. In hospital-based studies performed worldwide the incidence of AA is estimated to range between 0.57% to 3.8%.
The approval of new targeted pharmaceutical treatments is a key factor driving the alopecia market growth. For instance, in June 2022, the U.S. FDA approved Lilly’s Olumiant oral tablets for the treatment of severe alopecia in adult patients and is the first systemic treatment approved. Another key drug that is anticipated to be approved in 2023 is Pfizer’s Ritlecitinib. It is a dual inhibitor of Janus kinase 3 (JAK3) and tyrosine kinases.
Another key factor driving the industry’s growth is the increasing awareness regarding alopecia and thereby increasing treatment rates worldwide. The increase in the level of consciousness regarding physical appearance is one of the major reasons for the rising number of people seeking treatment. Additionally, rising investments in R&D and funding are also fueling market growth.
The limited availability of targeted drugs that treat the underlying condition is one key challenge for the market. While new products with targeted mechanisms of action are being approved the high cost of these drugs in comparison to the already approved products is one of the major hindrances in their widespread adoption.
Gather more insights about the market drivers, restrains and growth of the Global Alopecia market
Alopecia Market Segments Highlights:
- The alopecia universalis segment is expected to witness the fastest growth from 2024 to 2030, owing to the impending approval of pipeline products, such as Pfizer’s Ritlecitinib which is in the pre-registration phase, and Bioniz Therapeutics’s BNZ-1 which is in phase 2 clinical trials
- North America dominated the market in 2023, mainly due to the high consumer awareness, technological advancements, high target disease population, and high healthcare spending
- Asia Pacific is expected to grow at the highest CAGR during the forecast period. This can be majorly attributed to the rising target disease population and rising treatment rate for the disease.
Alopecia Market Report Segmentation
Grand View Research has segmented the global alopecia market based on disease type, treatment, gender, sales channel, end-use, region:
Alopecia Disease Type Outlook (Revenue, USD Million; 2018 - 2030)
- Alopecia Areata
- Cicatricial Alopecia
- Traction Alopecia
- Alopecia Totalis
- Alopecia Universalis
- Androgenetic Alopecia
- Others
Alopecia Treatment Outlook (Revenue, USD Billion, 2018 - 2030)
- Pharmaceuticals
- Devices
- Laser Cap
- Laser Comb
- Laser Helmet
Alopecia Gender Outlook (Revenue, USD Billion, 2018 - 2030)
Alopecia Sales Channel Outlook (Revenue, USD Billion, 2018 - 2030)
Alopecia End Use Outlook (Revenue, USD Billion, 2018 - 2030)
- Homecare Settings
- Dermatology Clinics
Alopecia Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Denmark
- Norway
- Sweden
- Thailand
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Middle East and Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- Kuwait
Key Alopecia Company Insights
- Janssen Global Services Inc.
- Cipla Limited
- Merck & Co., Inc.
- GlaxoSmithKline plc
- Sun Pharmaceuticals Industries Ltd
- Reddy’s Laboratories Ltd
- Aurobindo Pharma
- Viatris Inc.
- Pfizer, Inc.
- Lilly
- Lexington Intl., LLC (Devices)
- Freedom Laser Therapy (iRestore ID-520 helmet)
- Curallux, LLC.
- Apira Science Inc. (iGROW Laser)
- Revian Inc.
- Theradome
- Lutronic
Order a free sample PDF of the Alopecia Market Intelligence Study, published by Grand View Research.
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