Finasteride Market 2021-2031: Share and Forecast
The Finasteride Market is expected to register a CAGR of 4.1% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Finasteride Market Report is segmented by Dosage into the following subsegments: 1mg and 5mg. It is further segmented by Application, including Prostate Enlargement, Prostate Cancer, Scalp Hair Loss, Excessive Hair Growth, Hormone Therapy, and Others. The market is also categorized by Distribution Channel, which includes Retail Pharmacies, Online Pharmacies, and Hospital Pharmacies. The global analysis is broken down at the regional level and by major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Finasteride Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Finasteride Market Segmentation
Dosage- 1mg
- 5mg
- Prostate Enlargement
- Prostate Cancer
- Scalp Hair Loss
- Excessive Hair Growth
- Hormone Therapy
- Others
- Retail Pharmacies
- Online Pharmacies
- Hospital Pharmacies
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Finasteride Market Growth Drivers- Increasing incidence of male pattern balding: Since the condition, male pattern balding, androgenetic alopecia, is becoming more prevalent, Finasteride has now become a well-established treatment for this disease.
- Prostate cancer awareness: Awareness about prostate cancer and the usage of Finasteride in the prevention of enlargement of the prostate among males due to benign prostatic hyperplasia is a strong growth driver for this market.
- Generic adoption: The availability of relatively low-cost generic Finasteride has improved access to the drug, particularly in the developing markets.
- Hair Loss Medication Doubles: Demand for hair loss treatment Finasteride is buoyant as the medication is effective, but a new product acceptance among men is expected to increase.
- Combination treatments are in focus: Combination therapy using finasteride along with other drugs, such as minoxidil, is popular amongst the patients for improving hair growth significantly.
- Telemedicine prescription use: Advancements in telemedicine also include prescriptions made easier to access for the patients, hence an increase in the use of Finasteride.
- Emerging Markets: Finasteride also has high promising growth potential in emerging markets due to increased awareness of the condition with this treatment.
- New delivery formats:Introducing new delivery formats for Finasteride, such as a topical solution or a combined pill, could open up expansion opportunities in the market and cater to diverse consumer preferences.
- Market Share: Pharmaceutical Companies will be able to increase market share in that, they are connected to dermatology clinics, online pharmacies, and telemedicine platforms.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Finasteride Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Finasteride Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the trends anticipated in the market include combination therapies, telemedicine adoption, and topical formulations.
The major players in the finasteride market are Zhejiang CONBA Pharmaceutical, Merck, Cipla, Sandoz, Teva Pharmaceuticals, RelonChem, Henan Topfond, Actavis, Accord Pharmaceuticals, Mylan N.V.,
The market is expected to register a CAGR of 4.1% during 2021-2031.
The industry's driving factors include male pattern baldness, prostate cancer awareness, and generic alternatives.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Finasteride Market - By Dosage
1.3.2 Finasteride Market - By Application
1.3.3 Finasteride Market - By Distribution Channel
1.3.4 Finasteride Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FINASTERIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FINASTERIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FINASTERIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. FINASTERIDE - GLOBAL MARKET OVERVIEW
6.2. FINASTERIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FINASTERIDE MARKET - REVENUE AND FORECASTS TO 2028 - DOSAGE
7.1. OVERVIEW
7.2. DOSAGE MARKET FORECASTS AND ANALYSIS
7.3. 1MG
7.3.1. Overview
7.3.2. 1mg Market Forecast and Analysis
7.4. 5MG
7.4.1. Overview
7.4.2. 5mg Market Forecast and Analysis
8. FINASTERIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PROSTATE ENLARGEMENT
8.3.1. Overview
8.3.2. Prostate Enlargement Market Forecast and Analysis
8.4. PROSTATE CANCER
8.4.1. Overview
8.4.2. Prostate Cancer Market Forecast and Analysis
8.5. SCALP HAIR LOSS
8.5.1. Overview
8.5.2. Scalp Hair Loss Market Forecast and Analysis
8.6. EXCESSIVE HAIR GROWTH
8.6.1. Overview
8.6.2. Excessive Hair Growth Market Forecast and Analysis
8.7. HORMONE THERAPY
8.7.1. Overview
8.7.2. Hormone Therapy Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. FINASTERIDE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. RETAIL PHARMACIES
9.3.1. Overview
9.3.2. Retail Pharmacies Market Forecast and Analysis
9.4. ONLINE PHARMACIES
9.4.1. Overview
9.4.2. Online Pharmacies Market Forecast and Analysis
9.5. HOSPITAL PHARMACIES
9.5.1. Overview
9.5.2. Hospital Pharmacies Market Forecast and Analysis
10. FINASTERIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Finasteride Market Overview
10.1.2 North America Finasteride Market Forecasts and Analysis
10.1.3 North America Finasteride Market Forecasts and Analysis - By Dosage
10.1.4 North America Finasteride Market Forecasts and Analysis - By Application
10.1.5 North America Finasteride Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Finasteride Market Forecasts and Analysis - By Countries
10.1.6.1 United States Finasteride Market
10.1.6.1.1 United States Finasteride Market by Dosage
10.1.6.1.2 United States Finasteride Market by Application
10.1.6.1.3 United States Finasteride Market by Distribution Channel
10.1.6.2 Canada Finasteride Market
10.1.6.2.1 Canada Finasteride Market by Dosage
10.1.6.2.2 Canada Finasteride Market by Application
10.1.6.2.3 Canada Finasteride Market by Distribution Channel
10.1.6.3 Mexico Finasteride Market
10.1.6.3.1 Mexico Finasteride Market by Dosage
10.1.6.3.2 Mexico Finasteride Market by Application
10.1.6.3.3 Mexico Finasteride Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Finasteride Market Overview
10.2.2 Europe Finasteride Market Forecasts and Analysis
10.2.3 Europe Finasteride Market Forecasts and Analysis - By Dosage
10.2.4 Europe Finasteride Market Forecasts and Analysis - By Application
10.2.5 Europe Finasteride Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Finasteride Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Finasteride Market
10.2.6.1.1 Germany Finasteride Market by Dosage
10.2.6.1.2 Germany Finasteride Market by Application
10.2.6.1.3 Germany Finasteride Market by Distribution Channel
10.2.6.2 France Finasteride Market
10.2.6.2.1 France Finasteride Market by Dosage
10.2.6.2.2 France Finasteride Market by Application
10.2.6.2.3 France Finasteride Market by Distribution Channel
10.2.6.3 Italy Finasteride Market
10.2.6.3.1 Italy Finasteride Market by Dosage
10.2.6.3.2 Italy Finasteride Market by Application
10.2.6.3.3 Italy Finasteride Market by Distribution Channel
10.2.6.4 Spain Finasteride Market
10.2.6.4.1 Spain Finasteride Market by Dosage
10.2.6.4.2 Spain Finasteride Market by Application
10.2.6.4.3 Spain Finasteride Market by Distribution Channel
10.2.6.5 United Kingdom Finasteride Market
10.2.6.5.1 United Kingdom Finasteride Market by Dosage
10.2.6.5.2 United Kingdom Finasteride Market by Application
10.2.6.5.3 United Kingdom Finasteride Market by Distribution Channel
10.2.6.6 Rest of Europe Finasteride Market
10.2.6.6.1 Rest of Europe Finasteride Market by Dosage
10.2.6.6.2 Rest of Europe Finasteride Market by Application
10.2.6.6.3 Rest of Europe Finasteride Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Finasteride Market Overview
10.3.2 Asia-Pacific Finasteride Market Forecasts and Analysis
10.3.3 Asia-Pacific Finasteride Market Forecasts and Analysis - By Dosage
10.3.4 Asia-Pacific Finasteride Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Finasteride Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Finasteride Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Finasteride Market
10.3.6.1.1 Australia Finasteride Market by Dosage
10.3.6.1.2 Australia Finasteride Market by Application
10.3.6.1.3 Australia Finasteride Market by Distribution Channel
10.3.6.2 China Finasteride Market
10.3.6.2.1 China Finasteride Market by Dosage
10.3.6.2.2 China Finasteride Market by Application
10.3.6.2.3 China Finasteride Market by Distribution Channel
10.3.6.3 India Finasteride Market
10.3.6.3.1 India Finasteride Market by Dosage
10.3.6.3.2 India Finasteride Market by Application
10.3.6.3.3 India Finasteride Market by Distribution Channel
10.3.6.4 Japan Finasteride Market
10.3.6.4.1 Japan Finasteride Market by Dosage
10.3.6.4.2 Japan Finasteride Market by Application
10.3.6.4.3 Japan Finasteride Market by Distribution Channel
10.3.6.5 South Korea Finasteride Market
10.3.6.5.1 South Korea Finasteride Market by Dosage
10.3.6.5.2 South Korea Finasteride Market by Application
10.3.6.5.3 South Korea Finasteride Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Finasteride Market
10.3.6.6.1 Rest of Asia-Pacific Finasteride Market by Dosage
10.3.6.6.2 Rest of Asia-Pacific Finasteride Market by Application
10.3.6.6.3 Rest of Asia-Pacific Finasteride Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Finasteride Market Overview
10.4.2 Middle East and Africa Finasteride Market Forecasts and Analysis
10.4.3 Middle East and Africa Finasteride Market Forecasts and Analysis - By Dosage
10.4.4 Middle East and Africa Finasteride Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Finasteride Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Finasteride Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Finasteride Market
10.4.6.1.1 South Africa Finasteride Market by Dosage
10.4.6.1.2 South Africa Finasteride Market by Application
10.4.6.1.3 South Africa Finasteride Market by Distribution Channel
10.4.6.2 Saudi Arabia Finasteride Market
10.4.6.2.1 Saudi Arabia Finasteride Market by Dosage
10.4.6.2.2 Saudi Arabia Finasteride Market by Application
10.4.6.2.3 Saudi Arabia Finasteride Market by Distribution Channel
10.4.6.3 U.A.E Finasteride Market
10.4.6.3.1 U.A.E Finasteride Market by Dosage
10.4.6.3.2 U.A.E Finasteride Market by Application
10.4.6.3.3 U.A.E Finasteride Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Finasteride Market
10.4.6.4.1 Rest of Middle East and Africa Finasteride Market by Dosage
10.4.6.4.2 Rest of Middle East and Africa Finasteride Market by Application
10.4.6.4.3 Rest of Middle East and Africa Finasteride Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Finasteride Market Overview
10.5.2 South and Central America Finasteride Market Forecasts and Analysis
10.5.3 South and Central America Finasteride Market Forecasts and Analysis - By Dosage
10.5.4 South and Central America Finasteride Market Forecasts and Analysis - By Application
10.5.5 South and Central America Finasteride Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Finasteride Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Finasteride Market
10.5.6.1.1 Brazil Finasteride Market by Dosage
10.5.6.1.2 Brazil Finasteride Market by Application
10.5.6.1.3 Brazil Finasteride Market by Distribution Channel
10.5.6.2 Argentina Finasteride Market
10.5.6.2.1 Argentina Finasteride Market by Dosage
10.5.6.2.2 Argentina Finasteride Market by Application
10.5.6.2.3 Argentina Finasteride Market by Distribution Channel
10.5.6.3 Rest of South and Central America Finasteride Market
10.5.6.3.1 Rest of South and Central America Finasteride Market by Dosage
10.5.6.3.2 Rest of South and Central America Finasteride Market by Application
10.5.6.3.3 Rest of South and Central America Finasteride Market by Distribution Channel
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL FINASTERIDE MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. FINASTERIDE MARKET, KEY COMPANY PROFILES
13.1. SHANDONG RENHETANG PHARMACEUTICAL
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MERCK
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CIPLA
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. SANDOZ
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. TEVA PHARMACEUTICALS
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. RELONCHEM
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. HENAN TOPFOND
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ACTAVIS
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ACCORD PHARMACEUTICALS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. MYLAN N.V.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Zhejiang CONBA Pharmaceutical
2. Merck
3. Cipla
4. Sandoz
5. Teva Pharmaceuticals
6. RelonChem
7. Henan Topfond
8. Actavis
9. Accord Pharmaceuticals
10. Mylan N.V.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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