U.S. Finasteride Market size may witness significant gains owing to its global dominance in alopecia treatment industry. North America generated over 2 billion revenue in alopecia market in 2015. Government approval to use finasteride in men hair loss treatment and other health problems accompanied by better results from other alternatives are influencing factors to foster regional growth.
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Positive outlook on pharmaceutical sector accompanied by increase in per capita income particularly in China and India should fuel Asia Pacific industry growth. As per industry estimates, around 20% males in China are suffering from hair loss due to hormonal changes which may stimulate China finasteride market demand.
Leading companies in the finasteride market
Major application in the finasteride market includes treatment of benign prostatic hyperplasia (BPH), male pattern baldness, hormone replacement therapy. The product is demonstrated effective in men; it has contrary effects on female and children thus it is recommended to be not in touch with the medicine. In BPH, the prostate gland becomes larger in older men which causes problems with passing urine as it is situated near bladder.
Finasteride Market addresses hair loss, brought about by change in consumer eating habits, sedentary lifestyle and rise in stress levels. Blocking the male hormone testosterone and conversion into androgen dihydrotestosterone (DHT), which is responsible for hair loss is intrinsic property responsible for global finasteride industry size growth.
Oral drugs market valuation was over USD 500 million in 2015and may exceed USD 990 million by 2024. The segment is gaining popularity due to its safe as well as minimum dosage intake with increased drug efficacy properties. Rising stress level among people due to change in lifestyle has led to early male-pattern baldness. Increase consumer disposable income coupled with presence of easy scalp treatment process may drive finasteride market demand.
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Finasteride Market to trace exponential gain till 2025; boosted by the alopecia treatment industry - Technology Magazine
