Alopecia Treatment Market Analysis | CMI

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ALOPECIA TREATMENT MARKET ANALYSIS

• 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) - Size, Share, Trends, and Forecast
  2018 - 2026
• The global alopecia treatment market size was
  valued at US 7,325.0 million in 2017, and is
  expected to exhibit a CAGR of 4.9 over the
  forecast period (20182026).

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Figure 1. Global Alopecia Treatment Market Value
(US Mn), by Region, 2018
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Market Drivers

• Increasing product approvals, product launches,
  and robust pipelines are expected to propel the
  market growth
• Rising product launch and robust pipelines are
  expected to drive the global Alopecia Treatment
  Market. For instance, in November 2018, Fidia
  Pharma launched Trinov hair growth lotion for
  hair growth in Italy. Furthermore, in September
  2018, Eli Lilly and Company initiated phase 2
  clinical trial to assess the safety and efficacy
  of Baricitinib drug in treating patients with
  alopecia areata. The study is estimated to
  complete in August 2022.
• Rising initiatives such as crowdfunding campaigns
  and increasing collaboration by the market
  players is expected to bolster the market growth.
  For instance, in 2018, HairClone, a U.K. based
  company working on cellular hair restoration
  therapies, launched its public crowdfunding
  campaign. The company collaborated with Capital
  Cell, a crowdfunding company. Similarly, in May
  2013, RepliCel Life Sciences Inc. and Shiseido
  Company, Limited announced collaboration and
  technology development transfer framework
  agreement for RepliCels RCH-01 hair regeneration
  technology.

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Figure 2. Global Alopecia Treatment Market Share
(), by Disease Type, 2018 and 2026
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• Increasing prevalence of Alopecia Areata and
  higher focus on advancing research in the North
  America are expected to bolster the market growth
• North America holds dominant position in the
  global alopecia treatment market, owing to
  increasing prevalence of Alopecia Areata and
  active research activities by market players. For
  instance, according to the National Alopecia
  Areata Foundation (NAAF), 2017, alopecia areata
  affects around 6.8 million people in the U.S.
  with a lifetime risk of 2.1. Moreover, the NAAF
  is focused on broadening research efforts through
  two committees, including the Basic Research
  Advisory Council (BRAC), and the Clinical
  Research Advisory Council (CRAC), in order to
  advance the Alopecia Areata Treatment Development
  Program

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• Increasing acquisition strategies in the region
  by the market players are major factor expected
  to propel the market growth. For instance, in
  August 2017, Aclaris Therapeutics, Inc. acquired
  Confluence Life Sciences, Inc., which expanded
  Aclaris inflammation and immunology pipeline
  with the addition of Confluences lead product
  candidates CDD-450, topical Janus kinase
  inhibitors, and IL2-inducible T-cell kinase
  inhibitor programs.
• Moreover, collaboration of market players with
  regulatory authorities as well as other
  government organizations is further expected to
  support growth of the North America alopecia
  treatment market over the forecast period. For
  instance in April, 2019, Precision Therapeutics
  Inc., Helomics, and the National Alopecia Areata
  Foundation (NAAF), entered into an agreement to
  treat people affected by an autoimmune skin
  disease called alopecia areata. The agreement was
  intended to provide a next-generation patient
  registry to drive research on new treatments for
  people with this disease.

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Key Players

• 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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