Spain Alopecia Drugs (Hair Loss) Market Analysis

Spain Alopecia Drugs (Hair Loss) Market Analysis


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Spain alopecia drugs (hair loss) market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The rising prevalence of alopecia, rising awareness and consciousness among individuals about their appearance, and the development of advanced treatment technologies. Johnson & Johnson, Merck & Co., GlaxoSmithKline plc, Cipla Limited, Sun Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Pfizer Inc., Histogen Inc., Aclaris Therapeutics, and Concert Pharmaceuticals are the key players in this market.

ID: IN10ESPH231 CATEGORY: Pharmaceuticals GEOGRAPHY: Spain AUTHOR: Dr. Netal Patel

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Spain Alopecia Drugs (Hair Loss) Market Analysis Summary

Spain Alopecia Drugs (Hair Loss) Market is valued at around $116.8 Mn in 2022 and is projected to reach $206.8 Mn by 2030, exhibiting a CAGR of 7.41% during the forecast period 2023-2030.

Alopecia is a medical disorder characterized by partial or full hair loss on the scalp or other regions of the body. It can affect both men and women and be caused by a variety of causes such as heredity, hormone imbalances, autoimmune illnesses, and certain medical therapies. The rising prevalence of alopecia, rising awareness and consciousness among individuals about their appearance, and the development of advanced treatment technologies, such as improved topical formulations, novel drug delivery systems, and minimally invasive surgical procedures, are propelling the alopecia drugs (hair loss) market. The side effects of treatment, as well as the expense of treatment, are key market restraints. Johnson & Johnson, Merck & Co., GlaxoSmithKline plc, Cipla Limited, Sun Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Pfizer Inc., Histogen Inc., Aclaris Therapeutics, and Concert Pharmaceuticals are the key players in this market.

Market Dynamics

Market Growth Drivers

  1. Alopecia Prevalence: The increased prevalence of alopecia, including androgenetic alopecia and alopecia areata, is a significant market driver. Genetic predisposition, changing lifestyle choices, and environmental variables all contribute to the growing number of people seeking hair loss remedies.
  2. Growing Awareness and Consciousness: People are becoming more aware of their looks and the impact of hair loss on their self-esteem and quality of life. This increases the demand for effective alopecia treatments, resulting in market expansion.
  3. Treatment Technological Advancements: The advancement of innovative treatment technologies, such as enhanced topical formulations, novel drug delivery systems, and minimally invasive surgical techniques, is driving market expansion. These advancements provide those seeking alopecia therapy with more effective and convenient options. These developments, combined with improved acceptance and success rates, contribute to the market's rise.

Market Restraints

  1. Side Effects and Safety Concerns: Some alopecia therapies, such as oral drugs, may have side effects that limit their use or cause patients to be concerned. Finasteride, for example, may cause sexual adverse effects in certain people.
  2. High Treatment Costs: Some alopecia treatments, particularly those that are newer and more advanced, can be expensive.
  3. Issues with Adherence: Adherence to treatment regimens can be difficult for certain people, resulting in unsatisfactory results. This is especially true for topical treatments that must be applied regularly.
  4. Insurance coverage or payment for alopecia treatments may be limited in various healthcare systems, making it difficult for patients to acquire and afford critical medications and therapies.
  5. Alopecia can have a severe psychological and emotional impact on individuals, including decreased self-esteem and confidence. It is critical for complete care to address these emotional components alongside physical therapy.
  6. Variable Treatment Response: Different people react differently to therapies, and the efficacy of a single treatment varies from person to person. This makes predicting and guaranteeing treatment outcomes difficult.

Competitive Landscape

Key Players

  • Johnson & Johnson
  • Merck & Co
  • GlaxoSmithKline Plc
  • Cipla Ltd.
  • Sun Pharmaceutical Industries Ltd.
  • Dr. Reddy's Laboratories Ltd.
  • Pfizer Inc.
  • Histogen Inc.
  • Aclaris Therapeutics
  • Concert Pharmaceuticals

Development in Alopecia Drugs (Hair Loss) Market

  • Squaric Acid Dibutyl Ester (SADBE) is under clinical study for children and adolescents with Alopecia Areata (AA).
  • PF-06700841, a dual inhibitor of JAK1 and TYK2, is under clinical trial study for AA.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Spain Alopecia Drugs (Hair Loss) Market Segmentation

By Type

  • Androgenetic Alopecia
  • Alopecia Areata
  • Traction Alopecia
  • Others

By Treatment Modality

  • Topical Treatments (such as shampoos, creams, and foams)
  • Oral Medications
  • Injectable Therapies
  • Surgical Procedures (like hair transplants)
  • Supportive Therapies (such as wigs and hairpieces).

By Distribution Channel

  • Retail Pharmacies
  • Online Platforms
  • Dermatology Clinics
  • Specialized Hair Clinics

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 February 2024
Updated by: Jay Dalwadi

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