OTC Hair Loss Treatment Market

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

• Ever-increasing geriatric population across globe and visual physical breakdown associated with it, including hair loss boost the need for effective hair loss treatment solution, which, in turn, drives the market growth.
• Hair loss is one of the most stringent side effects associated with over medication, thus propelling the demand for incorporation of more hair loss treatment mechanisms.
• Menstrual hormonal imbalances and rise in incidence of pregnancy among young female population combined with surge in awareness regarding potential techniques to cure side effects are expected to augment the market growth, specifically  in high populace countries such as India and China.
• Additionally, use of multichannel and omni-channel distribution strategies combined with supply chain efficiencies is anticipated to bring in required market traction in newly industrialized regions.
• However, high cost of acquiring these product especially minoxidil and misconceptions and myths associated with the product hamper the market growth. One such associated myth is that use of hair loss treatment pills may lead to a reduced sperm count among younger men.

OTC Hair Loss Treatment Market Trends

• North America is anticipated to gain significant market traction, owing to rise in cases of pattern baldness among generation X adults and geriatric population combined with high disposable income and rise in awareness about new age techniques for hair loss treatment.
• National Alopecia Areata Foundation (NAAF) recently funded clinical trials that were being advanced in the regrowth of hair in patients suffering from Alopecia Areata.
•  A research team in Japan working under the bracket of RIKEN Center for Biosystems Dynamics Research Center Scientists conducted trials and may have found cure for acute baldness through the use of stem cells.
• Scientists at Yokohama National University (YNU) came up with an experimental method for regeneration of hair follicles with the help of stem cells.
• At Colombia University in Ney York, use of 3D Printing is being postulated which incorporates use of 3D plastic molds that hold the capacity to mimic exact same shape of hair follicles.

Key Benefits of the Report

• This study presents the analytical depiction of the OTC hair loss treatment industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the OTC hair loss treatment market share.
• The current market is quantitatively analyzed to highlight OTC hair loss treatment growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the OTC hair loss treatment market.
• The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the OTC Hair Loss Treatment Report

• Which are the leading players active in the OTC hair loss treatment market?
• How is each segment of the market expected to grow during the forecast period?
• What are the adoption trends for the OTC hair loss treatment market in emerging economies and established economies across the world?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the OTC hair loss treatment market?
• What future projections would help in taking further strategic steps?
• What are the impacts of COVID-19 in the industry?
• What is OTC hair loss treatment?
• What is the OTC hair loss treatment market prediction in the future?
• What are the current trends and predicted trends?

 OTC Hair Loss Treatment Market Report Highlights