Market Overview:
The global minoxidil market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The growth in the market can be attributed to factors such as increasing prevalence of hair loss, rising awareness about available treatment options for hair loss and growing demand for minimally invasive procedures. Based on type, the global minoxidil market is segmented into 2% minoxidil and 5% minoxidil. The 2% segment is expected to account for a larger share of the global market in 2018, owing to its lower price point and easy availability as compared to 5% minoxidil products. However, the 5% segment is projected to grow at a higher CAGR during the forecast period due to its superior efficacy over 2% minoxidil products. Based on application, males are estimated to account for a larger share of the global market in 2018 followed by females.
Product Definition:
Minoxidil is a medication that is used to treat hair loss. It is a topical medication that is applied to the scalp. Minoxidil helps to promote hair growth and slows the rate of hair loss.
2% Minoxidil:
2% Minoxidil is a topical solution that contains minoxidil, which is used to treat and prevent hair loss. It works by increasing the blood flow to the scalp and helps in promoting hair growth. 2% Minoxidil topical solution was approved by the Food and Drug Administration (FDA) for sale as a prescription drug under the brand name “Minoxidil Topical Solution” in 2002.
5% Minoxidil:
5% Minoxidil is the solution that contains 5% of minoxidil. It is a topical drug used to treat hair loss and it works by increasing blood flow to the scalp. The FDA approved this drug as a prescription drug under the category of “topical drugs” which are intended for use on the skin only.
Application Insights:
Males application segment held the largest share of over 70.0% in 2017. The product is gaining popularity among male patients suffering from hair fall as well as scalp disorders due to its proven effectiveness in stimulating hair growth. Increasing awareness about minoxidil among men with thinning hair and scalp problems is expected to drive the global market for minoxidil over the forecast period.
Females application segment was valued at USD 40 million in 2017 owing to increasing number of female patients suffering from pattern baldness or Androgenetic Alopecia (AGA). Minoxidil topical solution or foam applied twice daily has proved effective in treating AGA through direct stimulation of DHT receptors resulting into increased blood flow & nutrients supply to the scalp, which helps stimulate new hairs formation and prevent further loss of existing hairs.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Regionally, the product is segmented into North America, Europe, Asia Pacific (APAC), and Latin America. North American countries such as Canada and U.S are anticipated to remain a lucrative market for hair loss treatments over the coming years due to growing prevalence of alopecia areata along with rising awareness about available treatment options among patients suffering from hair loss condition.
Growth Factors:
- Increasing awareness about hair loss and its treatment options, including minoxidil, among consumers.
- Growing demand for hair restoration treatments among the aging population.
- Rising incidence of baldness and thinning hair in men and women across all age groups.
- increasing inclination of consumers towards self-medication for treating various health conditions, including hair loss 5) Availability of a wide range of minoxidil products in different formulations and delivery modes to cater to the needs of different consumer segments
Scope Of The Report
Report Attributes
Report Details
Report Title
Minoxidil Market Research Report
By Type
2% Minoxidil, 5% Minoxidil
By Application
Males, Females
By Companies
J&J, Taisho Pharma, Costco Wholesale, Wal-Mart, P&G, Zhejiang Wansheng Pharma, Sichuan Medco Huakang Pharma, Zhendong Anter, DrFormulas, Renata, Dr.R.PFLEGER
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Minoxidil Market Report Segments:
The global Minoxidil market is segmented on the basis of:
Types
2% Minoxidil, 5% Minoxidil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Males, Females
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- J&J
- Taisho Pharma
- Costco Wholesale
- Wal-Mart
- P&G
- Zhejiang Wansheng Pharma
- Sichuan Medco Huakang Pharma
- Zhendong Anter
- DrFormulas
- Renata
- Dr.R.PFLEGER
Highlights of The Minoxidil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2% Minoxidil
- 5% Minoxidil
- By Application:
- Males
- Females
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Minoxidil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Minoxidil is a medication used to treat hair loss. It works by increasing the production of hair growth in the scalp. Minoxidil can be applied topically (on the skin) or taken by mouth.
Some of the major players in the minoxidil market are J&J, Taisho Pharma, Costco Wholesale, Wal-Mart, P&G, Zhejiang Wansheng Pharma, Sichuan Medco Huakang Pharma, Zhendong Anter, DrFormulas, Renata, Dr.R.PFLEGER.
The minoxidil market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Minoxidil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Minoxidil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minoxidil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Minoxidil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Minoxidil Market Size & Forecast, 2020-2028
4.5.1 Minoxidil Market Size and Y-o-Y Growth
4.5.2 Minoxidil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2% Minoxidil
5.2.2 5% Minoxidil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Males
6.2.2 Females
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Minoxidil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Minoxidil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2% Minoxidil
9.6.2 5% Minoxidil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Males
9.10.2 Females
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2% Minoxidil
10.6.2 5% Minoxidil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Males
10.10.2 Females
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2% Minoxidil
11.6.2 5% Minoxidil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Males
11.10.2 Females
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2% Minoxidil
12.6.2 5% Minoxidil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Males
12.10.2 Females
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2% Minoxidil
13.6.2 5% Minoxidil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Males
13.10.2 Females
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Minoxidil Market: Competitive Dashboard
14.2 Global Minoxidil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 J&J
14.3.2 Taisho Pharma
14.3.3 Costco Wholesale
14.3.4 Wal-Mart
14.3.5 P&G
14.3.6 Zhejiang Wansheng Pharma
14.3.7 Sichuan Medco Huakang Pharma
14.3.8 Zhendong Anter
14.3.9 DrFormulas
14.3.10 Renata
14.3.11 Dr.R.PFLEGER
