VANCOUVER, BC, Oct. 13, 2020
- Rising occurrences of alopecia and increasing incidence of chronic diseases are among the significant factors influencing the market growth
- Market Size – USD 2,650.8 Million in 2019, Market Growth - CAGR of 8.9%, Market Trends –Growing awareness about the disease in developed nations
VANCOUVER, BC, Oct. 13, 2020 /PRNewswire/ -- The Global Alopecia Market is projected to be worth USD 5,250.8 Million by 2027, according to a current analysis by Emergen Research. The alopecia market is projected to experience rapid growth by the year 2027. The rising occurrence of alopecia is a significant factor driving the growth of the market. For instance, alopecia areata, a chronic, autoimmune disorder that affects growing hair follicles resulting in nonscarring focal hair loss, has global prevalence. The disease's likely occurrence is about 0.001% of the population and has a lifetime risk of around 2.0%. It may occur in people of all ages, including children and adults, and at more or less the same rate in the male and female population.
Growing trends in hair fashion put a lot of unwanted stress on the hair follicles, leading to traumatic alopecia, in turn, driving the market growth. This type of alopecia is caused by hairdressing practices such as cornrowing or tight braiding leading to hair pull, hair damage with strong chemicals comprising hair coloring, bleaching, straightening, and permanent waves, or application of extreme heat, for instance, with a hot roller.
Additionally, various chronic disorders and genetic diseases may be causative of hair loss/alopecia in people. Male pattern baldness, a hereditary cause of hair loss, may be triggered at any point in a man's life, including adolescence. Moreover, some individuals suffer from trichotillomania (a rare psychiatric condition) in which compulsive twisting and pulling of hair can lead to bald spots.
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Emergen Research has segmented the global alopecia market on the basis of type, application, end-users, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Users Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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