Billions at Stake: Understanding the Androgenetic Alopecia Treatment Market

A hereditary disease called androgenetic alopecia is brought on by an overreaction to androgens. This disorder, which can affect up to 50% of both sexes, is characterized by the progressive loss of scalp-level terminal hair at any point after puberty. Androgenetic alopecia is the typical cause of hair loss in both men and women, according to Asadi (2020).

As per the DelveInsight assessment, the total number of prevalent cases of androgenetic alopecia was more than 194 million in the 7MM in 2021. The highest number of cases was seen in EU4 and the UK. Assessments showed that it affected about 50 million men and 30 million women in the United States; it begins in early adolescence and progresses with age. Additionally, more than 50% of men over 50 experience hair loss, whereas, in women, hair loss is more likely to occur after menopause.

Social Stigma Related to Androgenetic Alopecia

Hair plays a significant role in one's self-perception in today's society; as a result, hair loss can lead to a number of issues, such as a negative self-perception, decreased confidence, failed romantic and matrimonial connections, and even health issues. According to studies, androgenetic alopecia might decrease QoL by causing psychological problems like worry, depression, and trauma. Earlier research revealed that personality disorders were substantially more common in patients with androgenetic alopecia than in the general population.

Minoxidil Ruling the Androgenetic Alopecia Treatment Market

Nowadays, oral finasteride, topical external minoxidil use, low-intensity laser therapy, and hair transplantation make up the majority of the treatment options for androgenetic alopecia. Finasteride, a 5-reductase inhibitor, has a significant influence on the treatment of androgenetic alopecia but can occasionally have adverse side effects in a small subset of patients. Even after stopping a medication, unpleasant androgenetic alopecia symptoms like post-finasteride syndrome can occasionally persist.

Due to finasteride's negative effects, it is normally not advised for females; nevertheless, it is approved for use in men with androgenetic alopecia. Likewise, pregnant women should avoid ingesting or handling crushed finasteride tablets due to the possibility that a male foetus could develop hypospadias.

Finasteride and other medications for androgenetic alopecia have negative effects, so topical minoxidil is preferable because it doesn't need a prescription. Via an unidentified method, minoxidil stimulates the creation of new hair by expanding miniaturised hair follicles, lengthening anagen, and shortening telogen. Topical minoxidil is sold over-the-counter in the United States in 5% foam, 2%, and 5% solutions. When dry, patients should saturate the afflicted parts of their scalp with 1 mL of 5% solution or half a cap of 5% foam (not the hair). Although benefits might be visible sooner, the effectiveness of the treatment should be assessed after one year of administration.

Expected Roadblocks in the Androgenetic Alopecia Treatment Market

The aetiology and pathogenesis of both male and female pattern hair loss remain unexplained, despite the fact that androgens have been recognised as the cause of androgenetic alopecia. Additionally, the widespread usage of off-label androgenetic alopecia medications, such as dutasteride, prostaglandin analogues, and polyphenols, for the treatment of male and female pattern hair loss poses a serious threat to newly developing candidates in the androgenetic alopecia treatment area.

Optimistic Future of the Androgenetic Alopecia Treatment Market

Androgenetic alopecia treatments, which include a few long-term medications, continue to be difficult because the condition is not life-threatening. These long-term treatments for androgenetic alopecia come with a number of adverse effects and compliance problems. Moreover, discontinuing the existing androgenetic alopecia therapies can result in the relapse of androgenetic alopecia. Hence, research demanding long-term solutions and permanent androgenetic alopecia treatment are required.

As a result, the market for treating androgenetic alopecia has a sizable opportunity for a number of competitors to profit from the untapped market. Despite the fact that the field is extremely active and clinical trials to treat patients with androgenetic alopecia are in progress, continued work is needed to create androgenetic alopecia medications that are more efficient and safer. As there are only two pharmaceutical androgenetic alopecia therapies that have been approved in the entire market, any substantial innovation in this area is anticipated to have an impact on the market for these treatments over the projection period (2022–2032).

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