The global  Alopecia Areata Market is projected to witness rapid growth with a revenue compound annual growth rate (CAGR) of 7.0%, resulting in a market size of USD 18,390.52 Million by 2030, according to a report by Reports and Data.

The alopecia market is witnessing significant revenue growth, owing to the increasing funding and initiatives by governments worldwide, coupled with a rise in awareness regarding alopecia treatment. Several government organizations, including the National Alopecia Areata Foundation and the American Hair Loss Association, are investing in healthcare to increase awareness about hair regrowth and available treatment options.

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The 2010 Affordable Care Act provides people with affordable access to healthcare insurance, benefiting economically disadvantaged patients, which is expected to result in an overall increase in treatment rates and drive market growth.

The report also highlights various aspects of the market. The tropical segment is expected to account for a significant revenue share between 2022 and 2030, based on the route of administration. Topical immunotherapy is a type of treatment that involves applying substances to the scalp, such as Squaric Acid Dibutyl Ester (SADBE), Dinitrochlorobenzene (DNCB), or Diphencyprone (DPCP), to treat conditions such as folliculitis decalvans, Lichen planopilaris, and severe alopecia areata.

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Approximately 40% of patients receiving topical immunotherapy grow new scalp hair after around six months of treatment. Patients who successfully grow new scalp hair typically need to continue treatment to maintain it. The topical medication minoxidil, also marketed under the brand name Rogaine, is simple to use and easily accessible Over-The-Counter (OTC). Minoxidil helps the hair grow more quickly once the follicle is able to produce hair and is no longer being attacked by the immune system.

Topical minoxidil solutions are typically available in 2 or 5 % concentrations and can be applied once or twice daily directly to the scalp or any other area. The online pharmacy segment is likely to expand with the highest CAGR owing to its rising popularity due to its ease and convenience and increase in the demand for Minoxidil as online offers competitive prices.

Based on end-uses, the wellness clinics segment is expected to account for a moderate revenue share during the forecast period due to increasing wellness clinics that offer cutting-edge hair transplant techniques along with treatments and procedures to strengthen hair and reduce hair loss. The Asia Pacific market is expected to register a steady revenue growth rate between 2022 and 2030 due to challenges with hair damage and hair loss because of environmental factors such as changing climate in different parts of Asia. Hereditary factors, bad lifestyle choices, autoimmune disorders, and chronic diseases are resulting in an increase in the demand for alopecia treatment products such as medicines, LLLT devices, surgeries, or the use of cosmeceutical products.

Some major companies profiled in the market report are Merck & Co., Johnson & Johnson, Cipla Inc., Sun Pharmaceutical Industries Ltd., GlaxoSmithKline Plc, Dr. Reddy’s Laboratories Ltd, Aurobindo Pharma, Lexington Intl., LLC., Hcell Inc., and Pfizer Inc.

The report has segmented the global alopecia market based on type, disease type, gender, route of administration, age group, distribution channel, end-use, and region. The types of treatment covered in the report include pharmaceuticals, LLLT devices, hair transplant, regenerative medicine, shampoo and conditioner, supplements, and others. Disease types include Androgenetic Alopecia, Alopecia Areata, Telogen Effluvium, Frontal Fibrosing Alopecia, Lichen Planopilaris, Folliculitis Decalvans.

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