Minoxidil Market | Contrive Datum Insights

The Global Minoxidil Market Was Estimated To Be Valued At USD 951.8 Million In 2022 And Is Expected To Register A CAGR Of 4.8% During The Forecast Period 20223-2030.

Minoxidil Market Overview:

Minoxidil is an organic compound with a molecular formula of C9H15N5O and a weight of 209.25 g/mol. Soluble in water and organic solvents such as methanol, acetone and propylene glycol. This product is an anti-hair loss and antihypertensive drug, which is used to treat hair loss in men and women and promote hair growth. It comes in tablet, oral form, topical liquid, and foam. Also, this product is used to slow down the hair loss process and stimulate hair growth. Minoxidil is an effective hair loss drug that is marketed in both men and women who suffer from hair loss. This medication promotes hair growth, usually without any major side effects. Manufacturers are widely combining novel oils with minoxidil and herbs that offer tangible benefits that appeal to market consumers. Invasive treatments for hair growth can be uncomfortable and unaffordable for most of the market. This paves the way for the global minoxidil market during the forecast period.

Minoxidil market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Minoxidil market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Segments Covered in the Global Minoxidil Market:

Market Key Players:
McNeil Consumer Healthcare, Changland Technology, Proderma SRL, Pharhome International, Metapharmaceutical Ind, Suzhou Habourbiotech, Carnosine, Darkar Holdings, Loy Pharma Lab., And Others.

Minoxidil Market by Types:

• 5% Minoxidil
• 2% Minoxidil

Minoxidil Market by Applications:

• Alopecia
• Hair Loss Treatment
• Hair Replacement Surgery
• Chemotherapy

Minoxidil Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

In 2017, the Minoxidil market in North America contributed more than US$450 million in revenue, accounting for the largest share. The region is set to witness significant growth owing to the growing hair loss problem among youths. Supporting government initiatives, including the sale of minoxidil without requiring any prescription, further supports the regional growth over the forecast timeframe. Growing number of patents and pro-pharmaceutical regulatory laws are supporting the growth of the regional industry.

The Asia Pacific minoxidil market is expected to grow at a CAGR of over 5% from 2018 to 2024. Increased hairline and hair loss due to various factors such as poor eating habits, work stress, pollution, stress, use of chemical shampoos, and unhealthy eating habits along with hormonal and hereditary diseases in projected time frame important role in the expansion of the industry. China is a major revenue-generating market for prescription drugs for hair loss caused by hormonal imbalances. About 21% of men and 6% of women experience hair loss due to hormonal changes. Largest population coupled with rising per capita income are the key factors driving product demand in the regional market.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Increasing demand for hair loss treatments from increasing number of patients with hair loss problems is the major driver for the growth of the global minoxidil market. This frequent hair loss is very problematic due to unhealthy lifestyle, hectic schedule and stress level of the individual. This chemical offers a cost-effective, non-invasive treatment and is therefore widely used in both men and women suffering from androgenetic alopecia. Besides drowsiness and fatigue caused by users, some side effects such as breast pain and rarely observed tachycardia may hamper the market growth. However, cancer patients who are undergoing chemotherapy for hair regrowth present an opportunity for minoxidil market.

Report Scope of Global Minoxidil Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of Minoxidil market?

The Minoxidil Market is growing at a CAGR of 4.80% During Forecast Period.

 What are the key types and applications of Minoxidil market?

- 5% Minoxidil, 2% Minoxidil

- Alopecia, Hair Loss Treatment, Hair Replacement Surgery, Chemotherapy

Who are the key players in Minoxidil market?

McNeil Consumer Healthcare, Changland Technology, Proderma SRL, Pharhome International, Metapharmaceutical Ind, Suzhou Habourbiotech, Carnosine, Darkar Holdings, Loy Pharma Lab., And others.

Any special requirements about this report, please let us know and we can provide custom report.

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.