Minoxidil Market Scope
Minoxidil is a medication used for the treatment of male-pattern hair loss. It is an antihypertensive vasodilator. As hair is extensively affected by harmful factors such as dust, unhealthy eating habits, and pollution boosting the demand of minoxidil. The demand for minoxidil is expected to grow in the forecasted period with a rise in disposable income, rapid population growth and growing awareness about hair care products and its advantages
The market study is being classified by Type (2% Minoxidil and 5% Minoxidil) and major geographies with country level break-up.
The fragmented nature of the market is due to the great number of players present in the market. The increasing demand from the emerging economies is also driving the demand for the minoxidil market. The companies are seeking ways to reduce cost, improve product quality and production efficiency. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Minoxidil market throughout the predicted period.
Taisho Pharmaceutical Co., Ltd. (Japan), Costco Wholesale (United States), Walmart Inc. (United States), Procter & Gamble Company (United States), Sichuan Medco Pharmaceutical Co., Ltd. (China), DrFormulas (United States), Dr.R.PFLEGER (Germany) and Par Pharmaceutical (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Minoxidil market by Type, Application and Region.
On the basis of geography, the market of Minoxidil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In April 2018, Par Pharmaceuticals acquired Somerset Therapeutics for an undisclosed amount. It was one of the many steps involved in the global expansion of the company.
On January 8th, 2020 - P&G announced plans to acquire Billie Inc. The deal complements P&G’s female grooming portfolio, which includes the Venus, Braun and joy brands, through the combination of strong digital and direct-to-consumer marketing capabilities, a growing range of personal care products, and a fresh, digitally-native brand that is especially appealing to Millennial and Gen Z consumers.
- Growing Awareness among Consumers about Hair Care and Treatment
- Increasing Focus of Millennials on Physical Appearance
- The Increasing Hair Damage and Hair Fall Problems Due to Rising Air Pollution
- Changing Lifestyle Standard Fueled By Rising in Disposable Income
- Growing Beauty Pageants across the world
- Rising Demand in Emerging Countries
- High Cost of these Products
- Concern towards Some Allergies with Sensitive Skin
Key Target AudienceMinoxidil Manufacturers and Suppliers, Raw Material Suppliers, Potential Investors, Research Organizations, Industry Associations, Market research and consulting firms and Others
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