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    Finasteride Market Report

    Finasteride Market Report
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    Finasteride Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025 See more...

    Impact of COVID-19 on Finasteride Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Finasteride Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Finasteride Market Insights

    Finasteride market is likely to witness a CAGR of 2.9% during the forecast period. The prime factor that is contributing to the demand for finasteride is the constantly rising cases of prostate cancer. Also, the consumer’s preference for hair treatment and increasing expenditure on hair care products to further drive the market.

    Finasteride Market - Snapshot

    Growth

    2.9% for the next five years

    Major Product Type

    1 mg

    Fastest-Growing Application Type

    Prostate Treatment

    Region with the highest demand

    North America

    Key Players

    Cipla Limited, Dr. Reddy's Laboratories, Guangdong Eashu

    Pharmaceutical Co., Ltd, Henan Topfond Pharmaceutical Co., Ltd,

    Merck & Co., Inc., Novartis AG, and Relonchem Limited,

    Shandong Renhetang Pharmaceutical Co., Ltd, Teva

    Pharmaceutical Industries Ltd, and Zhejiang CONBA

    Pharmaceutical Co., Ltd.

     

    Market Share Analysis

    Finasteride-Market-Dominant-Segments

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    Finasteride Market Share: By Product Type

    Based on the product type, the market is segmented as 1mg and 5mg. The 1mg segment dominated the finasteride market in 2019. Increasing cases of male baldness due to genetics, illness, stress, and medicine side effects to foster the demand of these products. Also, the rising aging population in countries such as Germany, Italy, the UK, and France has created huge demand for hair loss treatment products.

    Finasteride Market Share: By Application Type

    Based on the application type, the finasteride market is segmented as prostate treatment and hair treatment. Prostate treatment application is likely to grow at a faster pace during the forecast period, owing to increasing cases of prostate-related diseases.

    Finasteride Market Share: By Region

    In terms of regions, North America is the major market for finasteride. The products are widely used in the US for the treatment of male baldness and prostate-related diseases. Also, the North American region has a strong presence of major finasteride manufacturers, including Merck & Co., Inc., Teva Pharmaceutical Industries Ltd, and Cipla Limited.

    Finasteride-Market-By-Region

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    Some of the major finasteride manufacturers are-

    • Cipla Limited
    • Dr. Reddy's Laboratories
    • Guangdong Eashu Pharmaceutical Co., Ltd
    • Henan Topfond Pharmaceutical Co., Ltd
    • Merck & Co., Inc.
    • Novartis AG
    • Relonchem Limited
    • Shandong Renhetang Pharmaceutical Co., Ltd
    • Teva Pharmaceutical Industries Ltd
    • Zhejiang CONBA Pharmaceutical Co., Ltd.

     

    Market Scope & Segmentation

    Finasteride is a medication used for the treatment of enlarged prostate or hair loss in men, treatment of excessive hair growth in women, and used as a part of hormone therapy for transgender women.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Finasteride Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The finasteride market is segmented into the following categories. 

    Finasteride Market Size, Share, & Forecast, by Product Type:

    • 1 mg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 5 mg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Finasteride Market Size, Share, & Forecast, by Application Type:

    • Prostate treatment
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Prostate Enlargement, Prostate Cancer, and Hormone Therapy)
    • Hair Treatment
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Scalp Hair Loss and Excessive Hair Growth)

    Finasteride Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Finasteride-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The finasteride market is expected to witness an impressive growth of 2.9% CAGR in the foreseeable future.

    Cipla Limited, Dr. Reddy's Laboratories, Guangdong Eashu Pharmaceutical Co., Ltd, Henan Topfond Pharmaceutical Co., Ltd, Merck & Co., Inc., Novartis AG, and Relonchem Limited, Shandong Renhetang Pharmaceutical Co., Ltd, Teva Pharmaceutical Industries Ltd, and Zhejiang CONBA Pharmaceutical Co., Ltd are among the key players in the finasteride market.

    Prostate treatment application is likely to grow at a faster pace in the finasteride market in the coming years.

    The prime factor that is contributing to the demand for finasteride is the constantly rising cases of prostate cancer.

    •