Alopecia Treatment Market is expected to reach USD 20.70 Billion by 2032 at a CAGR of 10.48%.

The increasing prevalence of alopecia across the globe is one of the major factors boosting the growth of the alopecia treatment market. Increasing consumption of junk food, a sedentary lifestyle, and rising stress levels are the major reasons for the high rate of hair fall and hair damage. The disease is more prevalent in males. Increasing preference for aesthetic beauty is one of the reasons leading the population towards getting treatment for alopecia and boosting the alopecia treatment market. The International Society of Hair Restoration Surgery (ISHRS) reports that 35 million males in the U.S. are affected by hair loss each year. The increasing prevalence is expected to drive more individuals toward hair restoration treatment options. The launch of new products is also expected to attract the patient population to this market and boost the growth in this market throughout the forecast period. ISHRS also reports that the increase in the prevalence of the disease has helped improve overall hair restoration procedures by more than 60% since the year 2015. Hence, the rising prevalence of alopecia and the increasing patient pool are some of the factors that are expected to boost growth in this market.