Alopecia - Worldwide

Alopecia Market Definition

The alopecia market manufactures and distributes therapies and devices used to treat alopecia worldwide. Various drugs are used to treat this disease, including minoxidil, betamethasone dipropionate, fluocinolone acetonide, finasteride, and others. These therapies are effective against various types of alopecia: alopecia areata, cicatricial alopecia, alopecia totalis, alopecia universalis, and others. This market is expected to rise significantly with the growth of the healthcare sector worldwide.

The rising incidences of alopecia among people in different parts of the world have increased the demand for effective therapeutics to treat alopecia, which in turn drives market growth. Also, the growing demand for alopecia therapies in homecare settings and dermatology clinics, along with advances in the medical sector, has positively impacted the industry. Moreover, the increased application of alopecia-treating devices such as laser caps, laser comb, and laser helmets is anticipated to boost the growth of the alopecia market.

The developments associated with microneedle patches, along with advancements in JAK inhibitors, are expected to create ample growth opportunities for the market players in the upcoming days. In June 2023, Pfizer announced that the FDA approved LITFULO. LITFULO is an oral drug that treats alopecia areata in patients above 12.