PUBLISHER: The Business Research Company | PRODUCT CODE: 1669346
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669346
Alopecia areata, commonly known as spot baldness, is an autoimmune disorder in which the immune system mistakenly targets hair follicles, leading to hair loss and the formation of patchy bald spots on the scalp, each resembling the size of a coin. This non-scarring condition can occur at any age and is characterized by the sudden onset of hair loss, resulting in small, soft, and hairless patches.
The primary types of alopecia areata include patchy alopecia areata, alopecia totalis, alopecia universalis, diffuse alopecia areata, ophiasis alopecia, and others. Patchy alopecia areata manifests as small circular patches of hair loss on the scalp or other areas of the body. Various treatments are available, encompassing medical and natural approaches. Diagnosis can be achieved through techniques such as trichoscopy, skin biopsy, and other diagnostic methods. Treatments may be administered through various routes, including oral, topical, parenteral, among others, and are utilized by diverse end-users, including hospitals, specialty clinics, homecare, and others.
The alopecia areata market research report is one of a series of new reports from The Business Research Company that provides alopecia areata market statistics, including alopecia areata industry global market size, regional shares, competitors with a alopecia areata market share, detailed alopecia areata market segments, market trends and opportunities, and any further data you may need to thrive in the alopecia areata industry. This alopecia areata market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The alopecia areata market size has grown strongly in recent years. It will grow from $3.58 billion in 2024 to $3.82 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to limited treatment options, advancements in immunology, increased disease awareness, clinical trials and drug development, psychosocial impact awareness
The alopecia areata market size is expected to see strong growth in the next few years. It will grow to $5.24 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to biologic therapies development, precision medicine approaches, advancements in immunotherapy, ai and drug discovery, global initiatives and funding. Major trends in the forecast period include topical immunotherapy advancements, combination therapies, telemedicine in dermatology, patient-centric care, regulatory pathways for novel therapies.
The prevalence of hair loss is anticipated to be a driving force behind the expansion of the alopecia areata market. Hair loss occurs due to disruptions in the body's natural hair growth cycle. Treatment for alopecia areata involves the use of corticosteroids, potent anti-inflammatory medications that can suppress the immune system, to address the condition wherein the immune system attacks hair follicles, leading to hair loss. For instance, as reported by the Hair Society in March 2022, approximately 21 million women and 35 million men globally experienced hair loss. Hair loss typically begins around age 35, affecting the majority of individuals, with a 40% hair loss rate for males, escalating to 70% by age 80. Women, experiencing hair loss, comprise 80% or more by the age of 60. Hence, the escalating prevalence of hair loss is steering the growth of the alopecia areata market.
The increased occurrence of alopecia stands poised to fuel the expansion of the alopecia areata market. Alopecia encompasses the partial or complete loss of hair, predominantly from the scalp but potentially affecting other body areas. Alopecia can manifest in various forms, from mild, temporary hair thinning to severe and permanent hair loss. For instance, as indicated by an article published by the U.S. Department of Health and Human Services in July 2023, more than 50 million men and 30 million women are estimated to grapple with androgenetic alopecia in the U.S. annually. Consequently, the rising incidence of alopecia is propelling the growth trajectory of the alopecia areata market.
The approval of innovative drugs stands out as a significant trend gaining momentum. Major industry players are actively pursuing new drug approvals to fortify their market presence and secure a competitive edge. For instance, in June 2023, Pfizer Inc., a US-based biotechnology and pharmaceutical company, unveiled the US Food and Drug Administration (FDA) approval for LITFULO (ritlecitinib), marking the first and sole treatment approved for severe alopecia areata in patients as young as 12. This oral treatment, administered once daily, addresses alopecia areata, an autoimmune condition previously lacking FDA-endorsed treatments for teenagers and offering limited options for adults. LITFULO operates as a kinase inhibitor, targeting Janus kinase 3 (JAK3) and the tyrosine kinase family of kinases found in hepatocellular carcinoma (TEC).
Strategic partnerships represent another prominent trend gaining traction within the alopecia areata market. Leading companies in this sector are actively forging alliances to fortify their market standings. For instance, in February 2023, UMass Chan Medical School, a US-based public medical school, licensed a siRNA technology for dermatological diseases developed by RNA therapeutics to Aldena Therapeutics for clinical development. These siRNA-based therapeutics hold promise in addressing various skin conditions, including alopecia areata, atopic dermatitis, and vitiligo through localized treatments such as intradermal injection or topical, transepidermal applications. The agreement stems from an ongoing sponsored research agreement between the institutions, aiming to develop siRNA constructs targeting a wide array of molecular targets for diverse dermatological indications. Aldena Therapeutics, a Switzerland-based biotech firm, aims to deliver advanced, long-lasting treatments for dermatological diseases.
In March 2023, Sun Pharmaceutical Industries Limited, a prominent pharmaceutical company based in India, successfully acquired Concert Pharmaceuticals for a total of $576 million. This strategic acquisition is aimed at expanding Sun Pharma's presence within the Boston biotech cluster. Additionally, the acquisition includes deuruxolitinib, a late-stage therapeutic candidate with the potential to be a best-in-class treatment for alopecia areata, thereby enhancing Sun Pharma's growing global dermatology portfolio. Concert Pharmaceuticals, the acquired company, is a US-based late-stage clinical biopharmaceutical firm specializing in the development of products for the treatment of alopecia areata.
Major companies operating in the alopecia areata market include Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, Sanofi S.A., GlaxoSmithKline plc., Eli Lilly and Co Ltd., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Incyte Corporation, Dr. Reddy's Laboratories Ltd., Cipla Ltd., Taisho Pharmaceutical Holdings Co. Ltd., Lupin Ltd., Glenmark Pharmaceuticals Ltd., Almirall S.A., Torrent Pharmaceuticals Ltd., Taro Pharmaceutical Industries Ltd., Aclaris Therapeutics Inc., BioSplice Therapeutics Inc., PureTech Health plc, HCell Inc., Histogen Inc.
North America was the largest region in the alopecia areata market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alopecia areata market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the alopecia areata market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The alopecia areata market consists of revenues earned by entities by providing combination therapy, topical immunotherapy, photochemotherapy, and aromatherapy. The market value includes the value of related goods sold by the service provider or included within the service offering. The alopecia areata market also includes sales of glucocorticoids, vasodilators, immunomodulators, and Janus kinase inhibitors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Alopecia Areata Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on alopecia areata market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for alopecia areata ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The alopecia areata market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.