© 2016 Global Market Insights, Inc. USA. All Rights Reserved Minoxidil Market to hit US$ 1.2 bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Minoxidil Market to exceed USD 1.2 billion by 2024; driven by growing consumer spending on hair care products accompanied by expanding distribution channel. Rising consumer concern pertaining to receding hairlines, frequent hair loss due to changing lifestyle will drive minoxidil market growth. Busier lifestyles with increased stressed levels along with lack of protein intake will stimulate the product penetration. As per the report published by NAAF, in U.S. around 6.5 million population have alopecia areata and globally, over 147 million population or will develop alopecia areata in the coming years. Minoxidil Market  Favorable laws with respect to patents and labelling of topical hair treatment products will support the minoxidil market growth over the forecast period. Additionally, excessive consumption of medications such as anti-depressants or blood thinners has resulted in higher hair fall, thereby creating new growth opportunities for the industry growth.  In 2018, the World Health Organization reported that the one in every six people in China is suffering from hair loss issues for the last few years. Moreover, statistics from the China based portal JD.com reported the major selling shampoos are comprised of hair loss prevention capabilities. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The use of natural oil in minoxidil products is among the key trending factor in the minoxidil market. Manufacturers are keen on producing green labelled products to have wide coverage for product positioning. However, the customers using conservative minoxidil expect similar results from the natural ingredients variant at the similar cost, which may challenge the product optimization and minoxidil price trend.  The disadvantages associated with minoxidil include scalp irritation in the case of men and facial hair growth in the case of women. Common side effects, including itching & burning/redness of the eye, difficulty to breathe, tachycardia, stiffness in the chest, and unexplained weight gain may hinder its usage and can restrain the minoxidil market growth.  5% minoxidil products generated more than USD 715 million revenue in Increasing demand for the higher effective scalp damage preventing products among men to maintain the remaining hair, re-growth of lost hair and nourishment of scalp coverage. The product provides superior performance against patchy hair loss and increasing non-vellus hair count. Rising hair loss issues among the male population are enhancing demand for the result-oriented or effective products in the minoxidil market. Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved North America Minoxidil Market, By Product, 2017 & 2024 (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Industry Coverage

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  2% minoxidil will witness over 4% CAGR from 2018 to The 2% variant is used for hair growth in women witnessing thinning hair. Availability of mild topic hair treatment solution for women will induce demand for hair treatment products in several countries. The solution reduces baldness at the front of the scalp and receding hairline among men and women.  North America minoxidil market was worth over USD 450 million in Early product adoption along with higher personal care spending in the U.S. are among the key reasons for expanding minoxidil industry. As per the United States Food and Drug Administration (FDA), around 500,000 people suffer from alopecia areata.  Asia Pacific minoxidil market is projected to observe more than 5% CAGR from up to Industry growth is credited by the rising disposable income per capita and improving living standards across the region. The highest population along with continuous attention to physical appearance is further expanding the market size.  The global minoxidil market share is highly consolidated in nature. The presence of key players, including A McNeil PPC Inc., Par Pharmaceuticals, and Dr. R. Pfleger Chemical Factory GmbH. Other prominent manufacturers are Renata Limited, Nanz MED Science, Pharma Private Limited, and Kumar Organic products. Continue…

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