The global alopecia treatment market Growth Accelerated by Rise in Awareness of Alopecia Treatment Options

Alopecia refers to hair loss or baldness that can occur anywhere on the body. Treatment of alopecia involves medication, supplements, surgical techniques such as hair transplant and laser therapy. These treatment options help reduce hair fall and promote hair growth. The global alopecia treatment market is driven by rising awareness about treatment options for hair loss. With increasing stress levels and changing lifestyles, more number of people are experiencing hair fall, thus boosting the demand for effective alopecia treatments.

The global alopecia treatment market is estimated to be valued at US$ 10.2 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rise in awareness about treatment options has led to a growth in the number of people consulting doctors or visiting hair clinics for diagnosis and treatment. Various awareness campaigns organized by hair clinics and product manufacturers focus on de-stigmatizing hair loss problems. They provide information on modern treatment approaches and success stories to generate confidence in treatment outcomes. This is helping drive more patients towards seeking professional medical advice and approved treatment plans. Additionally, the increasing representation of hair loss products and celebrities endorsing them on social and digital media is effectively promoting the visibility ofalopecia treatment options.


Segment Analysis
The global alopecia treatment market is segmented into alopecia areata, male pattern baldness, female pattern baldness and others. Among these, the female pattern baldness segment dominated the market in 2020 with over 30% share. This is mainly attributed to the rising prevalence of female pattern baldness among women globally. It is estimated that around 40% of women experience some degree of hair loss by the age of 40.

Key Takeaways
The global alopecia treatment market is expected to witness high growth over the forecast period from 2024 to 2031. The global alopecia treatment market is estimated to be valued at US$ 10.2 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024-2031.

Regional analysis related content comprises The North America region currently dominates the market and is expected to maintain its dominance during the forecast period. This is attributed to the increasing approval and launch of novel drugs and devices for alopecia treatment in the region.


Key players operating in the alopecia treatment market are focusing on product approvals and launches to strengthen their market position. For instance, in 2023, Stemson Therapeutics received approval from FDA for its regenerative hair cloning treatment for androgenetic alopecia. This therapy involves extracting hair follicle cells from scalp and culturing them in the lab into hair follicle organoids which are then re-implanted into balding areas to promote hair growth.

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