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Ltd., Changzhou Tianhua Pharmaceutical Co., Nanz Med Science Pharma Private Limited, Par Pharmaceuticals, Provizer Pharma, Bakul Group of companies, Metapharmaceutical Ind. S.L, LOY Pharma Lab, Inc., and Dr. R. Pfleger Chemical Factory GmbH, among others"}},{"@type":"Question","name":"Why is North America expected to be a growth ground for the minoxidil industry?","acceptedAnswer":{"@type":"Answer","text":"North America minoxidil market is anticipated to be valued at over USD 1.3 billion by 2032, given the rapid uptake of hair care formulations and easy availability of the product in several forms."}},{"@type":"Question","name":"How big is the global minoxidil market?","acceptedAnswer":{"@type":"Answer","text":"Global market size for minoxidil was worth over USD 1.5 billion in 2022 and is projected to grow at a 4.5% CAGR from 2023 to 2032 due to increasing consumer spending on hair care products."}},{"@type":"Question","name":"What factors are contributing to the sales of minoxidil in 5% concentration?","acceptedAnswer":{"@type":"Answer","text":"The minoxidil industry share from the 5% concentration segment is set to witness over 5% CAGR during 2023-2032, attributed to the growing prevalence 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Increasing sales of hair care products to strengthen the business outlook.<br />  </p> <p style=font-size:18px style="text-align:center"><img alt="Minoxidil Market" src="https://cdn.gminsights.com/image/rd/bulk-and-speciality-chemicals/minoxidil-market-2023-2032.jpg" title="Minoxidil Market Research Report" /></p> <p style=font-size:18px>A commendable rise in consumer expenditure on hair care products and the subsequent expansion of the product distribution channel will help the industry garner lucrative gains.The consistent surge in the global population has resulted in a noticeable rise in pollution levels, leading to a growing prevalence of several hair disorders, such as dry hair, hair fall, hair loss, etc. To deal with such issues, consumers worldwide have been purchasing numerous hair care products. The easy access to products, combined with a broad distribution network, will therefore foster market development.<br />  </p> <div class="print-table"> </div> <p style=font-size:18px>Large retail pharmacy companies have also been concentrating on increasing their physical presence to capture a larger market share, which will positively influence the industry landscape. Another factor largely contributing to minoxidil sales through online pharmacies is the expanding e-commerce sector, mainly due to the increasing trend of e-prescriptions, e-prescribing technology, and lockdown measures during the pandemic. Besides, collaborations with specialists have aided corporate growth via the distribution network, which will further strengthen the minoxidil market outlook.<br />  </p> <h2 id="marketTrends" style=font-size:18px;line-height:normal;margin-bottom:15px>Potential side effects associated with minoxidil to impede market progress</h2> <p style=font-size:18px>Topical usage of minoxidil may cause issues such as localized erythema and pruritus. These conditions can lead to tiredness and drowsiness as potential side effects, while in rare cases, the patient can also experience tachycardia and breast pain. That is why regulatory authorities globally have imposed stringent regulations pertaining to the use of minoxidil, which is poised to hamper industry growth.<br />  </p> <h2 id="marketAnalysis" style=font-size:18px;line-height:normal;margin-bottom:15px>Minoxidil Market Analysis</h2> <div class="sum-img"> <p style=font-size:18px style="text-align:center"><img alt="Global Minoxidil Market Size, By Product," src="https://cdn.gminsights.com/image/rd/polymers-and-advanced-materials/global-minoxidil-market-size-by-product-2023-2032.webp" title="Global Minoxidil Market Size, By Product, 2021 - 2032 (USD Billion)" /></p> </div> <p style=font-size:18px>Regarding the product, the minoxidil market share is bifurcated into 2% and 5% concentration variants. The 5% concentration segment size is expected to grow at over 5% CAGR from 2023 to 2032. There has been a noticeable surge in men and women suffering from hair loss, owing to a number of factors, including stress, disease treatments, and hereditary conditions, which have boosted the uptake of hair care products. The increasing usage of 5% minoxidil solution in a range of hair care formulations will, in turn, augment segment gains.<br />  </p> <div class="sum-img"> <p style=font-size:18px style="text-align:center"><img alt="North America Minoxidil Market Size, 2020- 2032 (USD Billion)" src="https://cdn.gminsights.com/image/rd/polymers-and-advanced-materials/north-america-minoxidil-market-size-2023-2032.webp" title="North America Minoxidil Market Size, 2020- 2032 (USD Billion)" /></p> </div> <p style=font-size:18px>North America minoxidil market size is projected to be worth over USD 1.3 billion by 2032. People in the region have been increasingly dealing with baldness, scanty scalp, and premature hair loss. This has prompted companies operating in North America to introduce effective hair care products. The availability of the chemical in numerous forms, such as tablets, injections, capsules, and gels, and the growing consumer inclination toward these products will foster new growth opportunities for the regional industry. <strong><a href="https://ind01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gminsights.com%2Findustry-analysis%2Fus-minoxidil-market&data=05%7C01%7Cankit.d%40gminsights.com%7C3bbad68b71e647108c4008db551ea9b0%7Cef007a38e1724155984ec22dcc9db389%7C0%7C0%7C638197362413319012%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=2rGrhnxzdRApSiaH5lRXB0AFyHlN3TGCdI8ypljMRCQ%3D&reserved=0" >U.S. minoxidil industry</a></strong> size exceeded USD 600 Million in 2020 and is estimated to grow at over 4.35% CAGR through 2027 due to growing number of individuals with hair loss problems along with increasing demand for hair care products should spur the product demand.<br />  </p> <h2 id="marketShare" style=font-size:18px;line-height:normal;margin-bottom:15px>Minoxidil Market Share</h2> <p style=font-size:18px>Prominent companies constituting the competitive landscape of the minoxidil market include :</p> <ul> <li style=font-size:18px>Maruti Futuristic Pharma Pvt. Ltd.</li> <li style=font-size:18px>Changzhou Tianhua Pharmaceutical Co.</li> <li style=font-size:18px>Nanz Med Science Pharma Private Limited</li> <li style=font-size:18px>Par Pharmaceuticals</li> <li style=font-size:18px>Provizer Pharma</li> <li style=font-size:18px>Bakul Group of companies,</li> <li style=font-size:18px>Metapharmaceutical Ind. S.L</li> <li style=font-size:18px>LOY Pharma Lab, Inc.,</li> <li style=font-size:18px>Dr. R. Pfleger Chemical Factory GmbH</li> <li style=font-size:18px>Kumar Organic Products Limited,  Ltd.,</li> <li style=font-size:18px>Pharhome International Limited</li> <li style=font-size:18px>McNeil Consumer Healthcare</li> <li style=font-size:18px>Pfizer</li> <li style=font-size:18px>Renata Limited</li> </ul> <p style=font-size:18px>Enterprises in this business segment are undertaking R&D initiatives to introduce improved product formulations in the market and gain access to a broader consumer base. For instance, in March 2023, ViaDerma, Inc. unveiled its goal to introduce a new hair regrowth product using topical route Minoxidil. The company plans to incorporate Minoxidil with its exclusive patent-pending dual carrier transdermal delivery technology to develop a new hair regrowth product.<br />  </p> <p style=font-size:18px>ViaDerma’s distinctive transdermal delivery system enables the transfer of chemicals via the stratum corneum, with a 10,000x higher diffusion constant than other products on the market. This permits much more of the active ingredient to be soaked into the skin and work faster and better, often delivering remarkably better results than conventional topical treatments.<br />  </p> <h2 style=font-size:18px;line-height:normal;margin-bottom:15px>The global minoxidil market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Thousand Units & in terms of revenue in USD million from 2018 to 2032 </u>for the following segments: <p class="download-link-button secdata reportViewClickHereButton" style="font-weight:normal;font-size:18px;"><span id="sectional_purchase" style="color: #1585cf; cursor: pointer; font-weight: bold;" >Click here</span> to Buy Section of this Report</p></h2> <p style=font-size:18px><strong>By Product</strong></p> <ul> <li style=font-size:18px>5%</li> <li style=font-size:18px>2%</li> </ul> <p style=font-size:18px><strong><u>The above information is provided on a regional and country basis for the following</u></strong><strong>:</strong></p> <ul> <li style=font-size:18px><strong>North America</strong> <ul> <li style=font-size:18px>U.S.</li> <li style=font-size:18px>Canada</li> </ul> </li> <li style=font-size:18px><strong>Europe</strong> <ul> <li style=font-size:18px>Germany</li> <li style=font-size:18px>UK</li> <li style=font-size:18px>France</li> <li style=font-size:18px>Italy</li> <li style=font-size:18px>Spain</li> <li style=font-size:18px>Russia</li> <li style=font-size:18px>Poland</li> </ul> </li> <li style=font-size:18px><strong>Asia Pacific</strong> <ul> <li style=font-size:18px>China</li> <li style=font-size:18px>India</li> <li style=font-size:18px>Japan</li> <li style=font-size:18px>Indonesia</li> <li style=font-size:18px>Malaysia</li> <li style=font-size:18px>Australia</li> <li style=font-size:18px>South Korea</li> <li style=font-size:18px>Thailand</li> </ul> </li> <li style=font-size:18px><strong>Latin America</strong> <ul> <li style=font-size:18px>Brazil</li> <li style=font-size:18px>Mexico</li> <li style=font-size:18px>Argentina</li> </ul> </li> <li style=font-size:18px><strong>Middle East & Africa</strong> <ul> <li style=font-size:18px>South Africa</li> <li style=font-size:18px>Saudi Arabia</li> <li style=font-size:18px>UAE</li> </ul> </li> </ul> <p style=font-size:18px> </p> </div></div><div class="d-flex align-items-center justify-content-end p-1 reportAuthorDiv"><span class="authorHeading">Authors:聽</span><span class="authorHeadingName">Kiran Pulidindi, Kunal Ahuja </span> </div><div class="pd_top_5"></div><div><div class="reportFaqDiv"><strong>Frequently Asked Question(FAQ) :</strong></div><div class="pd_top_5"></div><div class="col-xl-12 col-lg-12 col-md-12 col-sm-12 col-xs-12 p-0"><section class="faq_section type_two"><div class="block_faq"><div class="accordion p-0"><dl><div><dt class="reportFaqQuestionDiv faq_header active p-2 pd_right_40 m-1 text-decoration-underline">Which are the major minoxidil manufacturers globally?<span class="icon-plus-1" style="display:inline-block;transform:rotate(135deg);transition:transform 0.3s ease;background-color:rgba(0, 0, 0, .03);color:#7a7a7a;box-shadow:none;background:none;font-size:19px"></span></dt><dd class="accordion-content hide m-1 p-3" style="display:block;background-color:#fff;border:none"><div>Notable players in the minoxidil market include Maruti Futuristic Pharma Pvt. Ltd., Changzhou Tianhua Pharmaceutical Co., Nanz Med Science Pharma Private Limited, Par Pharmaceuticals, Provizer Pharma, Bakul Group of companies, Metapharmaceutical Ind. S.L, LOY Pharma Lab, Inc., and Dr. R. Pfleger Chemical Factory GmbH, among others</div></dd></div><div><dt class="reportFaqQuestionDiv faq_header p-2 pd_right_40 m-1">Why is North America expected to be a growth ground for the minoxidil industry?<span class="icon-plus-1" style="display:inline-block;transform:rotate(0deg);transition:transform 0.3s ease;background-color:rgba(0, 0, 0, .03);color:#7a7a7a;box-shadow:none;background:none;font-size:19px"></span></dt><dd class="accordion-content hide m-1 p-3" style="display:none;background-color:#fff;border:none"><div>North America minoxidil market is anticipated to be valued at over USD 1.3 billion by 2032, given the rapid uptake of hair care formulations and easy availability of the product in several forms.</div></dd></div><div><dt class="reportFaqQuestionDiv faq_header p-2 pd_right_40 m-1">How big is the global minoxidil market?<span class="icon-plus-1" style="display:inline-block;transform:rotate(0deg);transition:transform 0.3s ease;background-color:rgba(0, 0, 0, .03);color:#7a7a7a;box-shadow:none;background:none;font-size:19px"></span></dt><dd class="accordion-content hide m-1 p-3" style="display:none;background-color:#fff;border:none"><div>Global market size for minoxidil was worth over USD 1.5 billion in 2022 and is projected to grow at a 4.5% CAGR from 2023 to 2032 due to increasing consumer spending on hair care products.</div></dd></div><div><dt class="reportFaqQuestionDiv faq_header p-2 pd_right_40 m-1">What factors are contributing to the sales of minoxidil in 5% concentration?<span class="icon-plus-1" style="display:inline-block;transform:rotate(0deg);transition:transform 0.3s ease;background-color:rgba(0, 0, 0, .03);color:#7a7a7a;box-shadow:none;background:none;font-size:19px"></span></dt><dd class="accordion-content hide m-1 p-3" style="display:none;background-color:#fff;border:none"><div>The minoxidil industry share from the 5% concentration segment is set to witness over 5% CAGR during 2023-2032, attributed to the growing prevalence of hair fall and hair loss among men and women.</div></dd></div></dl></div></div></section></div><div class="reportmarketScopeHeading"><strong>Minoxidil Market Scope</strong></div><div class="row reportMarketScopelist"><div class="col-md-6"><ul><li class="marketScopeList"><div style="cursor:pointer"><div>Minoxidil Market Size</div></div></li><li class="marketScopeList"><div style="cursor:pointer"><div>Minoxidil Market Trends</div></div></li></ul></div><div class="col-md-6"><ul><li class="marketScopeList"><div style="cursor:pointer"><div>Minoxidil Market Analysis</div></div></li><li class="marketScopeList"><div style="cursor:pointer"><div>Minoxidil Market Share</div></div></li></ul></div></div></div><div><div class="relatedReportsDiv"><strong>Related Reports</strong></div><div class="row reportMarketScopelist"><ul class="reportMaketScopeListDiv"></ul></div></div><div style="display:none"><div class="reportViewFooterDiv"><button class="inquiryBtn btn btn-primary">Customize 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focusable="false" aria-hidden="true" viewBox="0 0 24 24" data-testid="RadioButtonCheckedIcon"><path d="M8.465 8.465C9.37 7.56 10.62 7 12 7C14.76 7 17 9.24 17 12C17 13.38 16.44 14.63 15.535 15.535C14.63 16.44 13.38 17 12 17C9.24 17 7 14.76 7 12C7 10.62 7.56 9.37 8.465 8.465Z"></path></svg></span></span><style data-emotion="css 9l3uo3">.css-9l3uo3{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:1rem;line-height:1.5;letter-spacing:0.00938em;}</style><span class="MuiTypography-root MuiTypography-body1 MuiFormControlLabel-label css-9l3uo3">Single User: </span></label><span> <strong>$4,123 </strong> </span><span class="discountPricetext"><strong> $4,850 </strong></span><div class="discountBtnPriceDiv"><span>15% off</span></div></div></div><div class="row"><div class="col-xl-12 col-lg-12 col-md-12 col-sm-12 col-xs-12 p-0 pd_left_5 buyNowRadioDiv"><label class="MuiFormControlLabel-root MuiFormControlLabel-labelPlacementEnd css-1jaw3da"><span 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class="MuiTypography-root MuiTypography-body1 MuiFormControlLabel-label css-9l3uo3">Multi User: </span></label><span> <strong>$4,840 </strong> </span><span class="p-0 discountPricetext"><strong> $6,050 </strong></span><div class="discountBtnPriceDiv"><span>20% off</span></div></div></div><div class="row"><div class="col-xl-12 col-lg-12 col-md-12 col-sm-12 col-xs-12 p-0 pd_left_5 buyNowRadioDiv"><label class="MuiFormControlLabel-root MuiFormControlLabel-labelPlacementEnd css-1jaw3da"><style data-emotion="css 19fcq5p">.css-19fcq5p{color:rgba(0, 0, 0, 0.6);-webkit-transform:scale(0.7);-moz-transform:scale(0.7);-ms-transform:scale(0.7);transform:scale(0.7);padding:7px 0px 7px 6px;}.css-19fcq5p.Mui-checked{color:#1976d2;}.css-19fcq5p.Mui-disabled{color:rgba(0, 0, 0, 0.26);}</style><style data-emotion="css 3erxz8">.css-3erxz8{padding:9px;border-radius:50%;color:rgba(0, 0, 0, 0.6);-webkit-transform:scale(0.7);-moz-transform:scale(0.7);-ms-transform:scale(0.7);transform:scale(0.7);padding:7px 0px 7px 6px;}.css-3erxz8.Mui-checked{color:#1976d2;}.css-3erxz8.Mui-disabled{color:rgba(0, 0, 0, 0.26);}</style><style data-emotion="css csppj7">.css-csppj7{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;position:relative;box-sizing:border-box;-webkit-tap-highlight-color:transparent;background-color:transparent;outline:0;border:0;margin:0;border-radius:0;padding:0;cursor:pointer;-webkit-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;vertical-align:middle;-moz-appearance:none;-webkit-appearance:none;-webkit-text-decoration:none;text-decoration:none;color:inherit;padding:9px;border-radius:50%;color:rgba(0, 0, 0, 0.6);-webkit-transform:scale(0.7);-moz-transform:scale(0.7);-ms-transform:scale(0.7);transform:scale(0.7);padding:7px 0px 7px 6px;}.css-csppj7::-moz-focus-inner{border-style:none;}.css-csppj7.Mui-disabled{pointer-events:none;cursor:default;}@media print{.css-csppj7{-webkit-print-color-adjust:exact;color-adjust:exact;}}.css-csppj7.Mui-checked{color:#1976d2;}.css-csppj7.Mui-disabled{color:rgba(0, 0, 0, 0.26);}</style><span class="MuiButtonBase-root MuiRadio-root MuiRadio-colorPrimary PrivateSwitchBase-root MuiRadio-root MuiRadio-colorPrimary MuiRadio-root MuiRadio-colorPrimary css-csppj7"><input class="PrivateSwitchBase-input css-1m9pwf3" name="radio-buttons-group" type="radio" value="3"/><span class="css-hyxlzm"><svg class="MuiSvgIcon-root MuiSvgIcon-fontSizeMedium css-q8lw68" focusable="false" aria-hidden="true" viewBox="0 0 24 24" data-testid="RadioButtonUncheckedIcon"><path d="M12 2C6.48 2 2 6.48 2 12s4.48 10 10 10 10-4.48 10-10S17.52 2 12 2zm0 18c-4.42 0-8-3.58-8-8s3.58-8 8-8 8 3.58 8 8-3.58 8-8 8z"></path></svg><svg class="MuiSvgIcon-root MuiSvgIcon-fontSizeMedium css-1c4tzn" focusable="false" aria-hidden="true" viewBox="0 0 24 24" data-testid="RadioButtonCheckedIcon"><path d="M8.465 8.465C9.37 7.56 10.62 7 12 7C14.76 7 17 9.24 17 12C17 13.38 16.44 14.63 15.535 15.535C14.63 16.44 13.38 17 12 17C9.24 17 7 14.76 7 12C7 10.62 7.56 9.37 8.465 8.465Z"></path></svg></span></span><span class="MuiTypography-root MuiTypography-body1 MuiFormControlLabel-label css-9l3uo3">Enterprise User: </span></label><span> <strong> $5,845 </strong> </span><span class="discountPricetext"><strong> $8,350 </strong></span><div class="discountBtnPriceDiv"><span>30% off</span></div></div></div></div><div class="pd_top_20"></div><div class="buynow-btn theme_btn_all color_one p-0 reportBuyNowBtn"><div class="theme-btn five m-0 btn btn-primary btn-block buynow-btn" id="buy_now"><i class="icon-shopping-cart"></i> 聽聽 Buy now</div></div><div></div><div class="reportPremiumDetaislDiv"><div 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Forecast, 2023-2032","url":"minoxidil-market","brief_desc":"Minoxidil Market size crossed USD 1.5 billion in 2022 and is estimated to exhibit a 4.5% CAGR between 2023 and 2032.","full_desc":"\u003ch2\u003eMinoxidil Market Size\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eMinoxidil Market\u003c/strong\u003e size crossed USD 1.5 billion in 2022 and is estimated to exhibit a 4.5% CAGR between 2023 and 2032. Increasing sales of hair care products to strengthen the business outlook.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp style=\"text-align:center\"\u003e\u003cimg alt=\"Minoxidil Market\" src=\"https://cdn.gminsights.com/image/rd/bulk-and-speciality-chemicals/minoxidil-market-2023-2032.jpg\" title=\"Minoxidil Market Research Report\" /\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA commendable rise in consumer expenditure on hair care products and the subsequent expansion of the product distribution channel will help the industry garner lucrative gains.The consistent surge in the global population has resulted in a noticeable rise in pollution levels, leading to a growing prevalence of several hair disorders, such as dry hair, hair fall, hair loss, etc. To deal with such issues, consumers worldwide have been purchasing numerous hair care products. The easy access to products, combined with a broad distribution network, will therefore foster market development.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cdiv class=\"print-table\"\u003e\u0026nbsp;\u003c/div\u003e\r\n\r\n\u003cp\u003eLarge retail pharmacy companies have also been concentrating on increasing their physical presence to capture a larger market share, which will positively influence the industry landscape. Another factor largely contributing to minoxidil sales through online pharmacies is the expanding e-commerce sector, mainly due to the increasing trend of e-prescriptions, e-prescribing technology, and lockdown measures during the pandemic. Besides, collaborations with specialists have aided corporate growth via the distribution network, which will further strengthen the minoxidil market outlook.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003ePotential side effects associated with minoxidil to impede market progress\u003c/h2\u003e\r\n\r\n\u003cp\u003eTopical usage of minoxidil may cause issues such as localized erythema and pruritus. These conditions can lead to tiredness and drowsiness as potential side effects, while in rare cases, the patient can also experience tachycardia and breast pain. That is why regulatory authorities globally have imposed stringent regulations pertaining to the use of minoxidil, which is poised to hamper industry growth.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eMinoxidil Market Analysis\u003c/h2\u003e\r\n\r\n\u003cdiv class=\"sum-img\"\u003e\r\n\u003cp style=\"text-align:center\"\u003e\u003cimg alt=\"Global Minoxidil Market Size, By Product,\" src=\"https://cdn.gminsights.com/image/rd/polymers-and-advanced-materials/global-minoxidil-market-size-by-product-2023-2032.webp\" title=\"Global Minoxidil Market Size, By Product, 2021 - 2032 (USD Billion)\" /\u003e\u003c/p\u003e\r\n\u003c/div\u003e\r\n\r\n\u003cp\u003eRegarding the product, the minoxidil market share is bifurcated into 2% and 5% concentration variants. The 5% concentration segment size is expected to grow at over 5% CAGR from 2023 to 2032. There has been a noticeable surge in men and women suffering from hair loss, owing to a number of factors, including stress, disease treatments, and hereditary conditions, which have boosted the uptake of hair care products. The increasing usage of 5% minoxidil solution in a range of hair care formulations will, in turn, augment segment gains.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cdiv class=\"sum-img\"\u003e\r\n\u003cp style=\"text-align:center\"\u003e\u003cimg alt=\"North America Minoxidil Market Size, 2020- 2032 (USD Billion)\" src=\"https://cdn.gminsights.com/image/rd/polymers-and-advanced-materials/north-america-minoxidil-market-size-2023-2032.webp\" title=\"North America Minoxidil Market Size, 2020- 2032 (USD Billion)\" /\u003e\u003c/p\u003e\r\n\u003c/div\u003e\r\n\r\n\u003cp\u003eNorth America minoxidil market size is projected to be worth over USD 1.3 billion by 2032. People in the region have been increasingly dealing with baldness, scanty scalp, and premature hair loss. This has prompted companies operating in North America to introduce effective hair care products. The availability of the chemical in numerous forms, such as tablets, injections, capsules, and gels, and the growing consumer inclination toward these products will foster new growth opportunities for the regional industry. \u003cstrong\u003e\u003ca href=\"https://ind01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gminsights.com%2Findustry-analysis%2Fus-minoxidil-market\u0026amp;data=05%7C01%7Cankit.d%40gminsights.com%7C3bbad68b71e647108c4008db551ea9b0%7Cef007a38e1724155984ec22dcc9db389%7C0%7C0%7C638197362413319012%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C\u0026amp;sdata=2rGrhnxzdRApSiaH5lRXB0AFyHlN3TGCdI8ypljMRCQ%3D\u0026amp;reserved=0\" \u003eU.S. minoxidil industry\u003c/a\u003e\u003c/strong\u003e size exceeded USD 600 Million in 2020 and is estimated to grow at over 4.35% CAGR through 2027 due to growing number of individuals with hair loss problems along with increasing demand for hair care products should spur the product demand.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch2\u003eMinoxidil Market Share\u003c/h2\u003e\r\n\r\n\u003cp\u003eProminent companies constituting the competitive landscape of the minoxidil market include :\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eMaruti Futuristic Pharma Pvt. Ltd.\u003c/li\u003e\r\n\t\u003cli\u003eChangzhou Tianhua Pharmaceutical Co.\u003c/li\u003e\r\n\t\u003cli\u003eNanz Med Science Pharma Private Limited\u003c/li\u003e\r\n\t\u003cli\u003ePar Pharmaceuticals\u003c/li\u003e\r\n\t\u003cli\u003eProvizer Pharma\u003c/li\u003e\r\n\t\u003cli\u003eBakul Group of companies,\u003c/li\u003e\r\n\t\u003cli\u003eMetapharmaceutical Ind. S.L\u003c/li\u003e\r\n\t\u003cli\u003eLOY Pharma Lab, Inc.,\u003c/li\u003e\r\n\t\u003cli\u003eDr. R. Pfleger Chemical Factory GmbH\u003c/li\u003e\r\n\t\u003cli\u003eKumar Organic Products Limited,\u0026nbsp; Ltd.,\u003c/li\u003e\r\n\t\u003cli\u003ePharhome International Limited\u003c/li\u003e\r\n\t\u003cli\u003eMcNeil Consumer Healthcare\u003c/li\u003e\r\n\t\u003cli\u003ePfizer\u003c/li\u003e\r\n\t\u003cli\u003eRenata Limited\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eEnterprises in this business segment are undertaking R\u0026amp;D initiatives to introduce improved product formulations in the market and gain access to a broader consumer base. For instance, in March 2023, ViaDerma, Inc. unveiled its goal to introduce a new hair regrowth product using topical route Minoxidil. The company plans to incorporate Minoxidil with its exclusive patent-pending dual carrier transdermal delivery technology to develop a new hair regrowth product.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eViaDerma\u0026rsquo;s distinctive transdermal delivery system enables the transfer of chemicals via the stratum corneum, with a 10,000x higher diffusion constant than other products on the market. This permits much more of the active ingredient to be soaked into the skin and work faster and better, often delivering remarkably better results than conventional topical treatments.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch3\u003eThe global minoxidil market research report includes in-depth coverage of the industry with estimates \u0026amp; forecasts in terms of volume in Thousand Units \u0026amp; in terms of revenue in USD million from 2018 to 2032 for the following segments:\u003c/h3\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eBy Product\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003e5%\u003c/li\u003e\r\n\t\u003cli\u003e2%\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e\u003cu\u003eThe above information is provided on a regional and country basis for the following\u003c/u\u003e\u003c/strong\u003e\u003cstrong\u003e:\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eNorth America\u003c/strong\u003e\r\n\r\n\t\u003cul\u003e\r\n\t\t\u003cli\u003eU.S.\u003c/li\u003e\r\n\t\t\u003cli\u003eCanada\u003c/li\u003e\r\n\t\u003c/ul\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eEurope\u003c/strong\u003e\r\n\t\u003cul\u003e\r\n\t\t\u003cli\u003eGermany\u003c/li\u003e\r\n\t\t\u003cli\u003eUK\u003c/li\u003e\r\n\t\t\u003cli\u003eFrance\u003c/li\u003e\r\n\t\t\u003cli\u003eItaly\u003c/li\u003e\r\n\t\t\u003cli\u003eSpain\u003c/li\u003e\r\n\t\t\u003cli\u003eRussia\u003c/li\u003e\r\n\t\t\u003cli\u003ePoland\u003c/li\u003e\r\n\t\u003c/ul\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eAsia Pacific\u003c/strong\u003e\r\n\t\u003cul\u003e\r\n\t\t\u003cli\u003eChina\u003c/li\u003e\r\n\t\t\u003cli\u003eIndia\u003c/li\u003e\r\n\t\t\u003cli\u003eJapan\u003c/li\u003e\r\n\t\t\u003cli\u003eIndonesia\u003c/li\u003e\r\n\t\t\u003cli\u003eMalaysia\u003c/li\u003e\r\n\t\t\u003cli\u003eAustralia\u003c/li\u003e\r\n\t\t\u003cli\u003eSouth Korea\u003c/li\u003e\r\n\t\t\u003cli\u003eThailand\u003c/li\u003e\r\n\t\u003c/ul\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eLatin America\u003c/strong\u003e\r\n\t\u003cul\u003e\r\n\t\t\u003cli\u003eBrazil\u003c/li\u003e\r\n\t\t\u003cli\u003eMexico\u003c/li\u003e\r\n\t\t\u003cli\u003eArgentina\u003c/li\u003e\r\n\t\u003c/ul\u003e\r\n\t\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eMiddle East \u0026amp; Africa\u003c/strong\u003e\r\n\t\u003cul\u003e\r\n\t\t\u003cli\u003eSouth Africa\u003c/li\u003e\r\n\t\t\u003cli\u003eSaudi Arabia\u003c/li\u003e\r\n\t\t\u003cli\u003eUAE\u003c/li\u003e\r\n\t\u003c/ul\u003e\r\n\t\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n","manager_name":"Kiran Pulidindi","author_name":"Kunal Ahuja","no_of_pages":240,"category_id":"80,8","modification_date":"2023-03-24 15:09:05","meta_title":"Minoxidil Market Share, 2023-2032 | Industry Forecast Report","meta_keywords":"Minoxidil Market - Global Minoxidil Industry Size, Share, Price, Growth Trends, Applications, Potential, Technology, Forecast, Competitive Analysis, PDF Report","meta_description":"The minoxidil market crossed USD 1.5 billion in 2022 and is estimated to exhibit a 4.5% CAGR between 2023 and 2032. Increasing sales of hair care products to strengthen the business outlook. ","body":"body1","historical_data":"2018 to 2022","forecast_period":"2023 to 2032","pitfalls_challenges":"\u003cul\u003e\u003cli\u003eStringent regulations along with possible side effects of minoxidil\u003c/li\u003e\u003c/ul\u003e","segments":"Product and Region","growth_drivers":"\u003cul\u003e\u003cli\u003eGrowing consumer spending on hair care products accompanied by the expanding distribution channel\u003c/li\u003e \u003cli\u003eDeveloping personal care market along with the increasing prevalence of alopecia areata\u003c/li\u003e\u003c/ul\u003e","forecast_period_CAGR":"4.5","size_in_base_year":"USD 1.5 Billion","year_value_projection":"USD 2.5 Billion ","dispatch":"Y","is_index":"YES","base_year":"2022","tables_count":103,"chart_or_fig_count":33,"companies_count":14,"countries_count":20,"price_sul":"4,850","price_el":"6,050","price_cul":"8,350","publish_date":"March 2023","market_share":"\u003ch2\u003eMinoxidil Market Share\u003c/h2\u003e\r\n\r\n\u003cp\u003eProminent companies constituting the competitive landscape of the minoxidil market include :\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eMaruti Futuristic Pharma Pvt. Ltd.\u003c/li\u003e\r\n\t\u003cli\u003eChangzhou Tianhua Pharmaceutical Co.\u003c/li\u003e\r\n\t\u003cli\u003eNanz Med Science Pharma Private Limited\u003c/li\u003e\r\n\t\u003cli\u003ePar Pharmaceuticals\u003c/li\u003e\r\n\t\u003cli\u003eProvizer Pharma\u003c/li\u003e\r\n\t\u003cli\u003eBakul Group of companies,\u003c/li\u003e\r\n\t\u003cli\u003eMetapharmaceutical Ind. S.L\u003c/li\u003e\r\n\t\u003cli\u003eLOY Pharma Lab, Inc.,\u003c/li\u003e\r\n\t\u003cli\u003eDr. R. Pfleger Chemical Factory GmbH\u003c/li\u003e\r\n\t\u003cli\u003eKumar Organic Products Limited,\u0026nbsp; Ltd.,\u003c/li\u003e\r\n\t\u003cli\u003ePharhome International Limited\u003c/li\u003e\r\n\t\u003cli\u003eMcNeil Consumer Healthcare\u003c/li\u003e\r\n\t\u003cli\u003ePfizer\u003c/li\u003e\r\n\t\u003cli\u003eRenata Limited\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eEnterprises in this business segment are undertaking R\u0026amp;D initiatives to introduce improved product formulations in the market and gain access to a broader consumer base. For instance, in March 2023, ViaDerma, Inc. unveiled its goal to introduce a new hair regrowth product using topical route Minoxidil. The company plans to incorporate Minoxidil with its exclusive patent-pending dual carrier transdermal delivery technology to develop a new hair regrowth product.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eViaDerma\u0026rsquo;s distinctive transdermal delivery system enables the transfer of chemicals via the stratum corneum, with a 10,000x higher diffusion constant than other products on the market. This permits much more of the active ingredient to be soaked into the skin and work faster and better, often delivering remarkably better results than conventional topical treatments.\u003c/p\u003e\r\n","market_size":"\u003ch2\u003eMinoxidil Market Size\u003c/h2\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eMinoxidil Market\u003c/strong\u003e size crossed USD 1.5 billion in 2022 and is estimated to exhibit a 4.5% CAGR between 2023 and 2032. Increasing sales of hair care products to strengthen the business outlook\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cdiv class=\"sum-img\"\u003e\u003cimg alt=\"Minoxidil Market\" src=\"https://cdn.gminsights.com/image/rd/bulk-and-speciality-chemicals/minoxidil-market-2023-2032.jpg\" title=\"Minoxidil Market Research Report\" /\u003e\u003c/div\u003e\r\n\r\n\u003cp\u003eA commendable rise in consumer expenditure on hair care products and the subsequent expansion of the product distribution channel will help the industry garner lucrative gains.The consistent surge in the global population has resulted in a noticeable rise in pollution levels, leading to a growing prevalence of several hair disorders, such as dry hair, hair fall, hair loss, etc. To deal with such issues, consumers worldwide have been purchasing numerous hair care products. The easy access to products, combined with a broad distribution network, will therefore foster market development\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cdiv class=\"print-table\"\u003e\u0026nbsp;\u003c/div\u003e\r\n\r\n\u003cp\u003eLarge retail pharmacy companies have also been concentrating on increasing their physical presence to capture a larger market share, which will positively influence the industry landscape. Another factor largely contributing to minoxidil sales through online pharmacies is the expanding e-commerce sector, mainly due to the increasing trend of e-prescriptions, e-prescribing technology, and lockdown measures during the pandemic. Besides, collaborations with specialists have aided corporate growth via the distribution network, which will further strengthen the minoxidil market outlook.\u003c/p\u003e\r\n","market_analysis":"\u003ch2\u003eMinoxidil Market Analysis\u003c/h2\u003e\r\n\r\n\u003cdiv class=\"sum-img\"\u003e\r\n\u003cp style=\"text-align:center\"\u003e\u003cimg alt=\"Global Minoxidil Market Size, By Product,\" src=\"https://cdn.gminsights.com/image/rd/polymers-and-advanced-materials/global-minoxidil-market-size-by-product-2023-2032.png\" title=\"Global Minoxidil Market Size, By Product, 2021 - 2032 (USD Billion)\" /\u003e\u003c/p\u003e\r\n\u003c/div\u003e\r\n\r\n\u003cp\u003eRegarding the product, the minoxidil market share is bifurcated into 2% and 5% concentration variants. The 5% concentration segment size is expected to grow at over 5% CAGR from 2023 to 2032. There has been a noticeable surge in men and women suffering from hair loss, owing to a number of factors, including stress, disease treatments, and hereditary conditions, which have boosted the uptake of hair care products. The increasing usage of 5% minoxidil solution in a range of hair care formulations will, in turn, augment segment gains.\u003cbr /\u003e\r\n\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cdiv class=\"sum-img\"\u003e\r\n\u003cp style=\"text-align:center\"\u003e\u003cimg alt=\"North America Minoxidil Market Size, 2020- 2032 (USD Billion)\" src=\"https://cdn.gminsights.com/image/rd/polymers-and-advanced-materials/north-america-minoxidil-market-size-2023-2032.png\" title=\"North America Minoxidil Market Size, 2020- 2032 (USD Billion)\" /\u003e\u003c/p\u003e\r\n\u003c/div\u003e\r\n\r\n\u003cp\u003eNorth America minoxidil market size is projected to be worth over USD 1.3 billion by 2032. People in the region have been increasingly dealing with baldness, scanty scalp, and premature hair loss. This has prompted companies operating in North America to introduce effective hair care products. The availability of the chemical in numerous forms, such as tablets, injections, capsules, and gels, and the growing consumer inclination toward these products will foster new growth opportunities for the regional industry. \u003cstrong\u003e\u003ca href=\"https://ind01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gminsights.com%2Findustry-analysis%2Fus-minoxidil-market\u0026amp;data=05%7C01%7Cankit.d%40gminsights.com%7C3bbad68b71e647108c4008db551ea9b0%7Cef007a38e1724155984ec22dcc9db389%7C0%7C0%7C638197362413319012%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C\u0026amp;sdata=2rGrhnxzdRApSiaH5lRXB0AFyHlN3TGCdI8ypljMRCQ%3D\u0026amp;reserved=0\" target=\"_blank\"\u003eU.S. minoxidil industry\u003c/a\u003e\u003c/strong\u003e size exceeded USD 600 Million in 2020 and is estimated to grow at over 4.35% CAGR through 2027 due to growing number of individuals with hair loss problems along with increasing demand for hair care products should spur the product demand.\u003c/p\u003e\r\n","market_trends":"","mod_date":"2023-03-24T15:09:05.000Z","offer_single_price":"4,123","offer_multi_price":"4,840","offer_enter_price":"5,845","canicoal":"https://www.gminsights.com/industry-analysis/minoxidil-market"}],"meta_tags":[{"language":"en","url":"minoxidil-market"},{"language":"de","url":"minoxidil-market"},{"language":"es","url":"minoxidil-market"},{"language":"fr","url":"minoxidil-market"},{"language":"it","url":"minoxidil-market"},{"language":"ja","url":"minoxidil-market"},{"language":"ko","url":"minoxidil-market"},{"language":"ru","url":"minoxidil-market"},{"language":"zh","url":"minoxidil-market"},{"language":"ar","url":"minoxidil-market"}],"formfield":["email"]},"success":"True","bread_Store_Arr":[{"main_name":"Chemicals and Materials","main_url":"chemicals-materials"},{"L1":"Specialty Chemicals","L1_url":"specialty-chemicals"}],"category_id":"80,8","ipCountry":{"name":"Singapore","flag":"馃嚫馃嚞","code":"SG","dial_code":"+65"},"meta_tags":[{"language":"en","url":"minoxidil-market"},{"language":"de","url":"minoxidil-market"},{"language":"es","url":"minoxidil-market"},{"language":"fr","url":"minoxidil-market"},{"language":"it","url":"minoxidil-market"},{"language":"ja","url":"minoxidil-market"},{"language":"ko","url":"minoxidil-market"},{"language":"ru","url":"minoxidil-market"},{"language":"zh","url":"minoxidil-market"},{"language":"ar","url":"minoxidil-market"}],"breadcrumbSchema":{"@context":"http://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@type":"WebPage","@id":"https://www.gminsights.com/","name":"Home"}},{"@type":"ListItem","position":2,"item":{"@type":"WebPage","@id":"https://www.gminsights.com/chemicals-materials","name":"Chemicals and Materials"}},{"@type":"ListItem","position":3,"item":{"@type":"WebPage","@id":"https://www.gminsights.com/specialty-chemicals/80","name":"Specialty Chemicals"}},{"@type":"ListItem","position":4,"item":{"@type":"WebPage","@id":"https://www.gminsights.com/industry-analysis/minoxidil-market","name":"Minoxidil Market"}}]},"faqschema":[{"id":750,"question":"Which are the major minoxidil manufacturers globally?","answer":"Notable players in the minoxidil market include Maruti Futuristic Pharma Pvt. Ltd., Changzhou Tianhua Pharmaceutical Co., Nanz Med Science Pharma Private Limited, Par Pharmaceuticals, Provizer Pharma, Bakul Group of companies, Metapharmaceutical Ind. S.L, LOY Pharma Lab, Inc., and Dr. R. Pfleger Chemical Factory GmbH, among others"},{"id":750,"question":"Why is North America expected to be a growth ground for the minoxidil industry?","answer":"North America minoxidil market is anticipated to be valued at over USD 1.3 billion by 2032, given the rapid uptake of hair care formulations and easy availability of the product in several forms."},{"id":750,"question":"How big is the global minoxidil market?","answer":"Global market size for minoxidil was worth over USD 1.5 billion in 2022 and is projected to grow at a 4.5% CAGR from 2023 to 2032 due to increasing consumer spending on hair care products."},{"id":750,"question":"What factors are contributing to the sales of minoxidil in 5% concentration?","answer":"The minoxidil industry share from the 5% concentration segment is set to witness over 5% CAGR during 2023-2032, attributed to the growing prevalence of hair fall and hair loss among men and women."}]},"__N_SSP":true},"page":"/industry-analysis/[report_view]","query":{"report_view":"minoxidil-market"},"buildId":"gMjKCLn5exlmiiUGJRRJK","isFallback":false,"dynamicIds":[57719,34916,72828,46938,64668,66033,16942,25157,77870,40208,71982,74718,56924,78385,7983,7446],"gssp":true,"scriptLoader":[]}</script></body></html>