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Platelet Rich Plasma and Stem Cell Alopecia Treatment Market Report 2022-2030 with Major Vendor Landscape and Their Strategies

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Global Platelet Rich Plasma & Stem Cell Alopecia Treatment Market- Snapshot

The global platelet rich plasma & stem cell alopecia treatment market is expected to reach a value of approximately US$ 450.5 Mn by the end of 2026, expanding at a high single digit CAGR during the forecast period. Factors such as increase in demand for accurate and prompt treatment of alopecia and advancements in platelet rich plasma and stem cell therapies that have revolutionized the diagnostic science are likely to boost the market. Moreover, a rise in awareness about platelet rich plasma therapies and stem cell therapies is expected to drive the global market during the forecast period. Increased awareness has driven demand for platelet rich plasma therapy & stem cell therapy in the past few years in countries such as Japan, India, Brazil, and Russia and developed regions such as North America and Europe. Additionally, private players are actively promoting the advantages of treatment of alopecia with stem cell therapy across the globe. A rise in the incidence rates of autoimmune hair loss disorders such as alopecia is estimated to boost the platelet rich plasma & stem cell alopecia treatment market. According to the Journal of Clinical, Cosmetic, and Investigational Dermatology, 2015, the lifetime incidence rate of alopecia areata is approximately 2% worldwide. This is expected to propel the market. However, a lack of treatment approval and high cost of alopecia treatment are likely to hinder the growth of platelet rich plasma & stem cell alopecia treatment market.

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platelet rich plasma stem cell alopecia treatment market

The global platelet rich plasma & stem cell alopecia treatment market has been segmented based on treatment, indication, end-user, and region. In terms of treatment, the global market has been classified into platelet rich plasma therapies and stem cell therapy. The platelet rich plasma therapies segment held a major market share and is expected to expand at a significant CAGR, owing to the effectiveness of the therapies in the treatment of many types of alopecia. Platelet rich plasma therapies have revolutionized alopecia treatment by reducing costs, treatment duration, and recovery time for patients. The stem cell therapy segment has been further divided into bone marrow and adipose. Based on indication, the global platelet rich plasma & stem cell alopecia treatment market has been divided into androgenic alopecia, congenital alopecia, cicatricial or scarring alopecia, and others. The androgenic alopecia segment holds a key market share as androgenic alopecia is the most common cause of hair loss in both men and women. About 45% men and 35% women develop androgenic alopecia by 60, which is the highest among all the types of alopecia. A study published in the International Journal of Women’s Dermatology in 2019 revealed that the use of PRP to treat androgenic alopecia is promising due to its autologous nature, minimal invasiveness, lack of major side effects, and low cost compared to hair restoration surgery.

In terms of end-user, the global market has been categorized into hospitals, dermatology clinics, and others. The dermatology clinics segment held a major share of the market, followed by the hospital segment, in 2017. This is due to an increase in preference among patients for dermatology clinics where they can avail combined treatment for hair, skin, and nails. Moreover, an increase in incidence of alopecia, rise in access to dermatologists, and surge in awareness about services provided by dermatology clinics are factors attributable to the high market share of the segment. Certain hospitals have diagnostic facilities, including hair & scalp computerized analysis, in-house laboratory, and a number of different treatment options. This is likely to boost the global market, especially in developing regions.

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In terms of region, the global platelet rich plasma & stem cell alopecia treatment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global platelet rich plasma & stem cell alopecia treatment market, owing to high rate of adoption of advanced products and rise in market penetration of new market entrants with novel technology in the region. Moreover, high prevalence of alopecia in the region is imposing a significant economic burden and is boosting demand for affordable care. This, in turn, is driving demand for platelet rich plasma & stem cell alopecia treatment. According to the National Institute of Health in 2015, 95% of women suffer from androgenetic alopecia in the U.S.. This has led the country to dominate the platelet rich plasma & stem cell alopecia treatment market in North America. The U.S. is anticipated to maintain its leading position in the market in the region during the forecast period. Additionally, increased application of PRP for the treatment of alopecia has been observed in the past few years. This is likely to fuel the market in the region. The market in Asia Pacific is projected to expand at a significantly high CAGR during the forecast period, owing to the emergence of strong local manufacturers offering various technological advancements for platelet rich plasma & stem cell alopecia treatment at lower prices and increase in awareness among people about these treatment methods. Furthermore, an increase in health care expenditure and investments by key players in emerging regions such as China and India are estimated to fuel the market in the region.

Major players operating in the global platelet rich plasma & stem cell alopecia treatment market include Kerastem, Eclipse, Regen Lab SA, Stemcell Technologies, Inc., RepliCel Life Sciences, Histogen, Inc., and Glofinn Oy. Key players are focused on research & development of alopecia treatment by investing in platelet rich plasma & stem cell alopecia therapies. Mergers & acquisitions, collaborations, and partnerships are helping companies expand their footprint and further develop effective treatments for alopecia.

Rising Adoption of Novel Treatments Drives Platelet Rich Plasma and Stem Cell Alopecia Treatment Market

Stem cell and platelet rich plasma alopecia therapies are classified as biomedicine or regenerative therapy options. Their minimally invasive nature diminishes the need for undergoing surgery and hence are preferred by an increasing number of healthcare and medical professionals and patients suffering from alopecia. Therapies in platelet rich plasma and stem cell alopecia market are aimed at stimulating, strengthening, and rebuilding the hair regrowth in patients. These characteristics make them lucrative for patients as the traditional treatment options, including surgeries consisted of surgically removing damaged scalp tissues. Emergence of novel therapies has created an influx of demand in platelet rich plasma and stem cell alopecia market. They are increasingly being preferred by patients and practicing dermatologists as a sustainable alternative for traditional drugs such as corticosteroids. These novel treatment solutions aim at more effective, faster, and efficient hair regrowth as compared to corticosteroid therapies. They also display admirable ease of administration, which makes them an attractive solution in platelet rich plasma and stem cell alopecia market in coming years.

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Manufacturers and prominent players in platelet rich plasma and stem cell alopecia market are focused on undertaking mergers and acquisitions as strategies for enhancing their product offerings and enter newer regional markets. They are aiming at making their treatment therapies more effective and cost efficient to cate to demand from larger consumer base. Players in the global platelet rich plasma and stem cell alopecia market are also forming collaborative and strategic partnerships with suppliers and local manufacturers to expand their business operations and product portfolio. For example, Myungmoon Bio Co., Ltd., a health care company based in South Korea signed a partnership agreement with Kerastem in 2019. This collaboration was aimed at developing new and innovative regenerative therapies for alopecia. Manufacturers and players in platelet rich plasma and stem cell alopecia market are also engaging in collaborations with various contract research organizations (CROs) to develop and manufacture innovative new products. For example, Stemcell technologies Inc., has increasingly focused on partnering with research organizations and institutions to develop advanced therapeutic products in platelet rich plasma and stem cell alopecia market.

The global platelet rich plasma & stem cell alopecia treatment market has been segmented as below:

Treatment

  • Platelet Rich Plasma Therapies
  • Stem Cell Therapy

 Indication

  • Androgenic Alopecia
  • Congenital Alopecia
  • Cicatricial or Scarring Alopecia
  • Others

End-user

  • Hospitals
  • Dermatology Clinics
  • Others

Region

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • India
  • China
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • South Africa
  • GCC Countries
  • Rest of Middle East & Africa

TABLE OF CONTENT

1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Platelet Rich Plasma & Stem Cell Alopecia Treatment Market

4. Market Overview
4.1. Introduction
4.1.1. Treatment Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Platelet Rich Plasma & Stem Cell Alopecia Treatment Market Analysis and Forecasts, 2016–2026
4.4.1. Market Revenue Projections (US$ Mn)

5. Market Outlook
5.1. Analysis of Treatments for Alopecia: Overview
5.2. Top Treatment Center Analysis,  by Region
5.3. Platelet Rich Plasma & Stem Cell Alopecia Treatment Market: Pipeline Analysis – 2018

6. Global Platelet Rich Plasma & Stem Cell Alopecia Treatment Market Analysis and Forecasts, by  Treatment
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Treatment, 2016–2026
6.3.1. Platelet Rich Plasma Therapies
6.3.2. Stem Cell Therapy
6.3.2.1. Bone Marrow
6.3.2.2. Adipose
6.4. Market Attractiveness, by  Treatment

7. Global Platelet Rich Plasma & Stem Cell Alopecia Treatment Market Analysis and Forecasts, by Indication
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Indication, 2016–2026
7.3.1. Androgenic Alopecia
7.3.2. Congenital Alopecia
7.3.3. Cicatricial or Scarring Alopecia
7.3.4. Others
7.4. Market Attractiveness, by Indication

8. Global Platelet Rich Plasma & Stem Cell Alopecia Treatment Market Analysis and Forecasts, by End-user
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value Forecast, by End-user, 2016–2026
8.3.1. Hospitals
8.3.2. Dermatology Clinics
8.3.3. Others
8.4. Market Attractiveness, by End-user

9. Global Platelet Rich Plasma & Stem Cell Alopecia Treatment Market Analysis and Forecasts, by Region

……..

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