Market Scenario of Global Alopecia Drugs Market:
Alopecia is loss of hair due to a variety of factors the most important being genetic. The loss of hair due to Alopecia may be partial and restricted to a part of body or complete loss of hair. The market for alopecia drug treatment represents a huge opportunity as America alone spends USD 3 billion on hair loss treatment.
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The market is also choked with unethical products having no effect on the progress of the condition. In fact many products do more harm than good.The market is also extremely fragmented with numerous players small and big and the lifecycle of products is very low. The market is also very susceptible to social currents and advertisements.
The global market for alopecia drugs is expected to reach around $ 11.8 billion by the end of the forecast period and is expected to grow at a CAGR of ~ 6.92%.
Market Highlights of Global Alopecia Drugs Market:
Alopecia is loss of hair either partial or complete and can be restricted to a body part or may result in complete loss of hair. The causes are primary genetic and it affects men more than women. The market for alopecia is growing at a fast pace due to a host of factors such as genetics, increasing awareness, modern lifestyle changes, stress, drug-induced alopecia etc.
The power of buyers is large and it is also difficult to penetrate the market due to the web of claims that are hotly debated over.
The market for alopecia drugs is expected to grow with a CAGR of 6.92 % to reach $ 11.8 billion dollars by the end of forecast period. However there is a dearth of efficacious and effective treatment.
Key Players for Global Alopecia Drugs Market:
Some of the key players in this market are: Cipla Inc., Dr. Reddy’s Laboratories Ltd., Johnson & Johnson, Merck & Co., Ranbaxy Laboratories Ltd, The Himalaya Drug Company, Taisho Pharmaceutical Holdings Co., Sun Pharmaceutical Industries Ltd. and others.
Segments of Global Alopecia Drugs Market:
Global Alopecia Drugs market has been segmented on the basis of alopecia type which comprises alopecia areata, alopecia totalis, and alopecia universalis. On the basis of product type; which comprises tropical, oral and others. On the basis of end users; market is segmented into hospitals and clinics, saloons and home care.
Regional Analysis of Global Alopecia Drugs Market:
Globally America is the largest market for alopecia drugs. The American market for alopecia drugs is expected to grow by a CAGR of ~ 4% around $ 3.75 billion by the end of the forecast period of 2016-2022. Europe is the second-largest market for alopecia drugs. Asia pacific region is expected to be fastest growing region in alopecia drugs market.
BRIEF TOC
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
5 Global Alopecia Drugs Market, Alopecia Type
5.1 Introduction
5.2 Alopecia Areata
5.3 Alopecia Totalis
Major TOC Continued…!
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