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Hair loss, also known as alopecia, may result due to heredity or severe medical conditions. Common symptoms associated with hair loss include gradual thinning on top of the head that starts to shred at the hairline on the forehead, circular bald spots that start at a young age and continue to grow in area with older age, sudden loosening of hair that is majorly caused due to an accident or unlikely event. Preventive mechanisms include minoxidil lotion, which is available as a generic medication over the counter in a liquid or oral form. It is proven to stop further hair loss, thereby regrowing hair density. Other treatment measures include various shampoos that are available in retail pharmacies and super stores. Some of these include biotin shampoo, Mamaearth, and root deep shampoo. Hair loss treatment is carried out by professional skilled doctors under guided supervision. Rise in hypertension among geriatric population and young adults has resulted in increase in incident of hair loss and pattern baldness across globe lately.
COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the OTC hair loss treatment market.
Top Impacting Factors
OTC Hair Loss Treatment Market Trends
Key Benefits of the Report
Questions Answered in the OTC Hair Loss Treatment Report
OTC Hair Loss Treatment Market Report Highlights
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Key Market Players | Johnson and Johnson Services Inc., Taisho Pharmaceutical Holdings Co., Ltd., ALTERNA, Wella Operations US LLC, Church and Dwight Co., John Paul Mitchell Systems, Merck and Co., Inc., Nutraceutical Wellness Inc, Amplixin., Botanical Green Care |
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