USD 29.96 billion
Report ID:
SQMIG35I2361 |
Region:
Global |
Published Date: July, 2024
Pages:
165
|Tables:
50
|Figures:
74
US, Europe, and Brazil Alopecia Market size was valued at USD 29.96 billion in 2023 and is poised to grow from USD 32.27 billion in 2024 to USD 58.41 billion by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
The market for alopecia in US, Europe and Brazil has grown as a result of consumer demand for hair-restoration medications, many of which have increased efficacy and few negative effects. For instance, in the realm of treating alopecia, cutting-edge therapies like cytokine therapy and regenerative cell therapy are gaining popularity. Cytokine treatment promotes hair regrowth by causing hair follicle cells to specialise and proliferate while regulating the hair growth cycle. The therapeutic efficacy of combination therapy in the treatment of alopecia has also been demonstrated. The most popular hair loss treatment at the moment is combination therapies.
The market for treating alopecia has grown as a result of consumer demand for hair-restoration medications, many of which have increased efficacy and few negative effects. For instance, in the realm of treating alopecia, cutting-edge therapies like cytokine therapy and regenerative cell therapy are gaining popularity. Cytokine treatment promotes hair regrowth by causing hair follicle cells to specialise and proliferate while regulating the hair growth cycle. The therapeutic efficacy of combination therapy in the treatment of alopecia has also been demonstrated. The most popular hair loss treatment at the moment is combination therapies.
Over the course of the forecast period, the hair loss industry's market landscape is expected to be characterised by an increased focus on the provision of hair loss solutions (with both functional and active ingredients) with multifunctional effects, as well as by an increase in the penetration of cutting-edge hair loss treatment therapies like stem cell therapy. The number of people treated for hair loss is anticipated to increase with the advent of low-level laser therapy, which helps encourage hair growth. Additionally, the advent of laser hats, helmets, combs, and bands is anticipated to spur market expansion. The Capillus Laser Cap, iGrow Laser Helmet, iRestore Hair Growth System, and Hairmax Laser devices are a few of the cutting-edge goods available today.
Market snapshot - 2025-2032
Global Market Size
USD 29.96 billion
Largest Segment
Cosmetic Treatments & Products
Fastest Growth
Cosmetic Treatments & Products
Growth Rate
7.7% CAGR
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US, Europe, and Brazil Alopecia Market is segmented by Disease Type, Treatment Type, Gender, Sales Channel, End-User and region. Based on Disease Type, the market is segmented into Androgenetic Alopecia, Alopecia Areata, Cicatricial Alopecia, Traction Alopecia and Others. Based on Treatment Type, the market is segmented into Pharmaceuticals and Devices. Based on Gender, the market is segmented into Male and Female. Based on Sales Channel, the market is segmented into Prescriptions and OTC. Based on End-User, the market is segmented into Dermatology Clinics, Hospitals, Homecare Settings and Others. Based on region, the market is segmented into US, Europe and Brazil.
In 2023, the cosmetic treatments & products industry dominated the market and accounted for more than 58.37 % of total sales because they are pocket-friendly, easily available, and non-invasive. Such over-the-counter solutions give instant results with low-risk exposure and huge available variety for all needs. Huge marketing investments, celebrity endorsements propel their demand. Consumers like these quick, temporary, and customized solutions as they can be easily used and provide psychological relief by giving them a changed look within no time. Cosmetic treatments are one of the preferred choices in the management of alopecia because of its safety, effectiveness, and strong market presence.
According to our analysis cosmetic treatments and products for alopecia are the fastest growing with a CAGR of 8.1%. The factors contributing to their higher growth rate are that their appeal is very broad among the consumer base because of their availability over-the-counter and that most of them can be used without the supervision of medical professionals, which is what makes them rather cheap in price. The non-invasiveness and the fast visible results make these products and treatments appealing to users looking for an easy and quick solution. Innovation is continuous, and a wide array of customizable options caters to different needs, boosting growth further. On the other hand, heavy investments in marketing, including celebrity endorsements, help in better visibility and consumer trust. Therefore, all these factors combine to make cosmetic treatments the preferred and fastest-growing segment in the alopecia market.
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In 2023, US dominated the market and had the highest revenue share (60.01%). High disease prevalence, rising consumer awareness, pro-active government action, technological advancements, and improvements to the healthcare system's infrastructure all contribute to the growth. A major driver of the market's expansion is the existence of important players in this area. Additionally, the region is seeing an increase in the number of people receiving laser-based therapy to treat alopecia. The National Alopecia Areata Foundation (NAAF), the Canadian Alopecia Areata Foundation, and other government and non-profit organisations that provide guidelines and raise public awareness are also likely to have a positive effect on the market.
It is expected that the U.S. will be the fastest-growing region in the alopecia market, since it grows at the highest CAGR of all. The growth is mainly driven by increasing technological efforts and awareness programs being undertaken by both the government and commercial entities in the country. The other factor is extensive research on alopecia treatments done in the U.S. The outcome aids in better understanding, preventing, and managing the condition that lures investments and innovations in this field. Thus, the U.S. market characterizes the rapid growth in view of the swelling awareness, state-of-the-art technology, and well-funded research programs at almost every front to push it to the limelight of innovations in the treatment of alopecia.
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Increasing Prevalence of Alopecia Areata Serves as a Significant Driving Factor for the Growth of the Alopecia Market
Surge In Product Approvals for Alopecia Treatment Is propelling the Growth of Alopecia Market
Hold On Clinical Trials for Alopecia Treatment Represents a Significant Hindrance to the Growth of the Alopecia Market:
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Due to rising knowledge of alopecia treatments and increased acceptance of alopecia treatment products, Asia-Pacific offers lucrative prospects for key players operating in the alopecia treatment market. Additionally, the expansion of hospitals with cutting-edge medical facilities, and improvement in healthcare infrastructure, progress in the R&D sector, an increase in healthcare reforms, and technical developments in the healthcare industry all contribute to the market's expansion.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the alopecia areata segment dominated the US, Europe, and Brazil Alopecia Market in 2023 and is expected to maintain its dominance throughout the forecast period. In 2023, US dominated the US, Europe, and Brazil Alopecia Market owing to the region's increase in customer awareness and government strict regulation on plastic.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 29.96 billion |
Market size value in 2032 | USD 58.41 billion |
Growth Rate | 7.7% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the US, Europe, and Brazil Alopecia Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the US, Europe, and Brazil Alopecia Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the US, Europe, and Brazil Alopecia Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the US, Europe, and Brazil Alopecia Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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