Press Releases

Hair Treatment Drug Market Analysis of Key Companies and Their Impact

Hair Treatment Drug Market and Competitive Analysis

The hair treatment drug market, valued at USD 1.4 billion in 2023, is projected to grow to USD 2.99 billion by 2034, with a CAGR of 7.14% from 2024 to 2034. This growth is driven by rising hair loss incidence, enhanced research and development, and increased investments.

Download statistics of this report @ https://www.towardshealthcare.com/download-statistics/5306

Hair Treatment Drug Market: A Revolution in Hair Care

Hair loss is a prevalent condition characterized by the loss of more than 100 strands of hair daily. Fortunately, effective treatments exist for certain types of hair loss, which include androgenetic alopecia, alopecia areata, telogen effluvium, anagen effluvium, hypotrichosis, lichen planopilaris, and discoid lupus erythematosus. Various medications can address these disorders, with over-the-counter (OTC) options featuring natural compounds such as biotin, zinc, collagen, and azelaic acid, along with oils like tea tree oil.

When OTC solutions fall short, healthcare professionals may prescribe medications tailored to the type and severity of hair loss. These can include minoxidil, finasteride, antiandrogens like spironolactone, oral contraceptives, corticosteroids, and antifungal medications.

The growing incidence and prevalence of hair loss significantly drive the demand for hair treatment drugs. This condition affects both males and females of all ages due to factors such as hormonal imbalances, immune disorders, pollution, and drug-induced hair loss. Moreover, ongoing research and development efforts for new drug discovery further bolster the market.

Recent Trends in the Hair Treatment Drug Market

  • In July 2024, Sun Pharma received US FDA approval for LEQSELVI (deuruxolitinib), a novel Janus Kinase (JAK) inhibitor designed to disrupt pathways associated with hair loss. This medication is intended for treating severe alopecia areata and was added to Sun Pharma’s pipeline following its $576 million acquisition of Concert Pharmaceuticals.
  • In February 2024, the National Institute for Health and Care Excellence (NICE) recommended Ritlecitinib, a newly approved drug, for use within the NHS for patients with severe alopecia.
  • In June 2022, the US FDA approved Baricitinib (Olumiant), developed by Eli Lilly, marking the first oral tablet specifically targeting alopecia areata in adults.
  • Cipla reported strong financial performance for the first quarter of fiscal year 2024, attributing its success to a notable surge in sales in North America. The company announced an 18.3% increase in consolidated net profit to $140.8 million, with overall revenue rising by 7%.

Top Companies in the Hair Treatment Drug Market

  • 3S Bio, Inc.
  • AbbVie
  • Aclaris Therapeutics, Inc.
  • Cipla, Inc.
  • Daiichi Sankyo
  • Dr. Reddy’s Laboratories
  • Eli Lilly & Co.
  • Follicum AB
  • GlaxoSmithKline plc
  • Incyte Corporation
  • Johnson & Johnson
  • Merck & Co., Inc.
  • Pharmacos
  • Sun Pharmaceutical Industries, Ltd.

Segments Covered in the Report

By Type

  • Topical Medication
  • Oral Medication

By Application

  • Hair Clinics
  • Pharmacy
  • Online Sale
  • Hospital

By Region

  • North America
    • US
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait

Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field –  https://www.towardshealthcare.com/table-of-content/hair-treatment-drug-market-sizing

To own our research study instantly, Click here @ https://www.towardshealthcare.com/price/5306

You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com

About Us

Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.

Explore the comprehensive statistics and insights on healthcare industry data and its associated segmentation: Get a Subscription

For Latest Update Follow Us: https://www.linkedin.com/company/towards-healthcare

Elena Morales

Elena Morales is a healthcare industry expert working at Healthcare Web Wire Consulting Firm, a subsidiary of Towards Healthcare. With her excellent knowledge of the field, Elena helps clients optimize their operations and navigate healthcare regulations. She's dedicated to staying updated on industry trends to make a positive impact on patient care. Elena is known for her professionalism and commitment to excellence, making her a valuable asset to any team.

Recent Posts

IoT in Healthcare Market Transforming Patient Care and Efficiency

IoT in Healthcare Market Key Insights and Projections The global IoT in healthcare market was valued at USD 36.2 billion… Read More

1 hour ago

Stroke Diagnostics and Therapeutics Market Overview

Stroke Diagnostics and Treatment Market Outlook The global stroke diagnostics and treatment market was valued at USD 34.45 billion in… Read More

1 hour ago

AI Revolutionizing the Active Pharmaceutical Ingredients (APIs) Market

Active Pharmaceutical Ingredients (APIs) Market Growth Outlook (2024 - 2032) The global APIs market is expected to grow from USD… Read More

1 hour ago

AI in Medical Coding Market Growth and Challenges (2024 – 2032)

Growth and Outlook of the AI in Medical Coding Market (2024 - 2032) The global market for AI in medical… Read More

2 hours ago

Life Science Tools Market Trends, Innovations and Growth Outlook

Global Life Science Tools Market Trends, Growth and Future Prospects The global life science tools market is projected to expand… Read More

2 hours ago

Transforming Healthcare with 5G Market Insights and Future Prospects (2024 – 2032)

The Global 5G Healthcare Market Growth, Trends and Key Players (2024 - 2032) The 5G healthcare market is expected to… Read More

2 hours ago