Finasteride is a prescription drug that is used to treat benign prostatic hyperplasia (BPH) and male pattern baldness. It is used to relieve the symptoms of hair loss, such as an increase in hair thinning and baldness.
The global hair loss drugs market was valued at USD 6.38 billion in 2023 and is projected to reach USD 9.53 billion by 2032, growing at a CAGR of 7.3% during the forecast period 2024-2032.
The hair loss drug generic competition has been actively researched and has a substantial growth potential in the market of hair loss drugs. The global global generic hair loss drugs market was valued at athird of its previous value in 2023. Current generic drugs are classified as Tier1 and Tier2 based on their cost effectiveness and perceived demand and availability.
The demand for hair loss drugs is driven by concerns about oral absorption and the lack of pediatric dosing. The global market for hair loss drugs is projected to reach USD 3.59 billion by 2030, growing at a CAGR of 5.2% during the forecast period in 2032.
The COVID-19 pandemic has had a impact on the market for hair loss drugs, with a 3.1% decline in market share in 2020 versus 2005. Bacterial infections and cardiovascular events have also contributed to the market's decline. Topical cetirizine and ketoconazole have also been impacted by the COVID-19 pandemic, with oral cetirizine accounting for approximately a third of the market share. The introduction of generic competition has led to a more aggressive push for new drugs, which is expected to impact the global hair loss drugs market with a projected 2014 compound annual growth rate (CAGR) of 8.5% during the forecast period. Topical dutasteride, a topical cetirizine derivative, is anticipated to show a 5.2% market share by 2032.
The cost of hair loss drugs is significant. The average cost of a one-month supply of Minoxidil $0.67-$4 compared to $84 for a one-month supply of Tretinoin $0.67-$4. Minoxidil increases market demand by 11.6% and increases the number of prescriptions by 4.6%, driving up the cost of hair loss drugs by 11.6% and increasing the number of prescriptions by 2.7%.
The market is highly competitive, with several key players including Novartis, Merck & Company, and RMS trading on the CAGR as high as 6.5% during the forecast period. With the passage of time and new entrants, the market is expected to grow to USD 7.1 billion by 2030, with the highest growth coming from new players such as dutasteride and dutasteride-like compounders such as ketoconazole.
Q: What is the current market size of the hair loss drugs market?A: The global hair loss drugs market was valued at USD 6.
Medically reviewed by Jessica Swirble, PharmDLast updated on March 03, 2025
Drug Information| | |
Finasteride is a 5-alpha-reductase inhibitor. It works by blocking the enzyme that converts testosterone into dihydrotestosterone (DHT), which is a hormone that causes prostate enlargement and hair loss in men with an enlarged prostate.
Finasteride is used to treat symptoms of benign prostatic hyperplasia (BPH), male pattern hair loss (BPH+L) and benign prostate hyperplasia (BPH-DL). It helps to relieve symptoms of BPH, and in combination with prostate-specific antigen (PSA) screening, may be used to treat prostate cancer in men with an enlarged prostate.
Finasteride is prescribed for BPH, male pattern hair loss and benign prostate hyperplasia (BPH-B).
Finasteride is used to treat symptoms of BPH, and in combination with prostate-specific antigen (PSA) screening, may be used to treat prostate cancer in men with an enlarged prostate.
Finasteride is used to treat BPH, male pattern hair loss and benign prostate hyperplasia (BPH+L).
Finasteride is prescribed for use in combination with prostate-specific antigen (PSA) screening, in men with an enlarged prostate and benign prostate hyperplasia (BPH+L).
Finasteride is used to treat BPH, male pattern hair loss and benign prostate hyperplasia (BPH-DL).
Use with caution in men with an enlarged prostate.
If you’re dealing with thinning hair (or even more so, if you’ve noticed a receding hairline) you’re not alone. Hair loss is a condition that affects many people, and it’s something that affects not only the hair itself, but also the scalp and, to a lesser extent, the entire body. And for some, it can be a big challenge. You might see a significant difference in your hair loss from time to time, but it’s a common and often embarrassing issue to address.
The good news is that there are a variety of solutions available, and you can still do some things to help manage hair loss effectively.
Finasteride is a drug used to treat male pattern baldness, also known as androgenetic alopecia. It works by blocking the body’s production of dihydrotestosterone (DHT), a hormone that causes hair loss.
DHT is produced in the scalp, and it’s primarily responsible for hair follicles shrinkage and the formation of new hair. This is because, by inhibiting DHT production, hair follicles can promote growth and, in many cases, stop hair loss. Finasteride, also known as dutasteride, is a prescription medication used to treat male pattern baldness, also known as androgenetic alopecia.
DHT is a female hormone that’s found in hair follicles and is known as an androgen. It’s also known as androgenetic alopecia. DHT is believed to be the cause of male pattern baldness because it can cause hair follicles shrinkage and the hair that’s normally attached to the scalp grows in clumps and, eventually, stops growing.
DHT affects the growth cycle of hair, and while it may be temporary, it can take many months to see a full regrowth. Androgens can also lead to hair loss or thinning.
Androgen is considered an androgen, meaning it can make up a large portion of your body’s production of testosterone. Androgen is also found in semen, and men with androgenetic alopecia are more likely to experience male characteristics such as enlarged testicles and bald patches. Androgenetic alopecia is caused by a combination of genetic and environmental factors, and it’s not uncommon to experience male characteristics such as bald patches.
DHT plays a significant role in maintaining hair growth and preventing hair loss. Androgens can also contribute to male pattern baldness, as they can stimulate hair follicles to grow and then stop. Androgenetic alopecia can be caused by a combination of genetics and other factors. The hair follicles that grow on the scalp are not fully developed until they are too young to continue growing. Androgenetic alopecia is most common among men who are trying to lose hair. Androgenetic alopecia can also be caused by a combination of genetics and certain other factors.
It’s important to be aware of the potential side effects of finasteride. These are common and can include:
If you’re dealing with thinning hair (or even more so, if you notice hair loss in a certain area of your scalp) you’re not alone. Some people may experience sexual side effects, including:
If you experience any of these, you should stop taking finasteride. You may have a slightly different reaction from time to time.
Yes, there are many types of androgenetic alopecia. Androgens can also cause hair loss. Androgenetic alopecia is a more common cause of male pattern baldness than other types of hair loss.
Finasteride, a brand name for a generic medication used to treat benign prostatic hyperplasia (BPH) and male pattern baldness, is a medication primarily used to treat male pattern baldness (androgenetic alopecia) in men. It works by inhibiting an enzyme that converts testosterone into dihydrotestosterone (DHT), a hormone that can cause hair follicles to shrink and eventually stop producing hair. This mechanism helps men with hair loss to maintain their hair and prevent further loss.
Finasteride is available as a tablet and oral solution, available in various dosages, including 5 mg, 10 mg, and 25 mg. The typical starting dose is 1 mg taken once a day. The most common dosage for finasteride is 5 mg taken once a day, but it can be split into multiple doses depending on the individual's response to the medication. This allows for the medication to be taken more often, often once a day, with fewer doses on a given day.
A new type of hair loss treatment called finasteride is being developed to treat male pattern baldness (androgenetic alopecia). This new treatment is designed to increase hair growth and prevent further loss. In this article, we’ll discuss:
How it’s working
Finasteride is part of the medication class called 5-alpha reductase inhibitors. It reduces the levels of a hormone called dihydrotestosterone (DHT), which is responsible for male pattern baldness. When taken in combination with an appropriate dose of finasteride, the effect can be noticeable within 24 to 48 hours. This can help to slow down hair loss.
A study published in 2019 in theJournal of Endocrinology and Metabolismshowed that finasteride (the active ingredient) had a 50% decrease in the number of new balding hairs over a period of 4 to 6 months. The results showed that the medication effectively reduced the incidence of new balding in men by about 50%.
Finasteride works by reducing the levels of DHT. In men, DHT causes the hair follicles to shrink, leading to increased hair growth and the eventual loss of hair. By blocking DHT production, finasteride helps to increase the growth of new hair and prevent further hair loss.
How to use
Finasteride is available in tablet form and is usually taken once daily with or without food. It is important to follow the dosage instructions provided by your healthcare provider.
Finasteride is a medication commonly used to treat male pattern baldness (androgenetic alopecia). It is primarily used to reduce the production of DHT, a hormone that plays a key role in the development of male pattern baldness. By reducing the production of DHT, finasteride helps to slow down or stop hair loss and promote hair regrowth.
Finasteride is also known for its effectiveness in treating enlarged prostate gland (benign prostatic hyperplasia). The prostate is the enlargement of the prostate gland. By blocking the conversion of testosterone to DHT, finasteride helps to reduce the size of the prostate gland and slow down the progression of enlarged prostate gland (benign prostatic hyperplasia).
Like any medication, finasteride can cause side effects. Common side effects of finasteride include:
It is important to note that the most common side effects of finasteride are related to its inhibition of DHT production in the body. These side effects include:
It is important to talk to your healthcare provider about any side effects you are experiencing while taking finasteride. They may also want to adjust your dosage if necessary. If you experience any severe side effects while taking finasteride, it’s important to speak with your healthcare provider.
If you experience any adverse reactions while taking finasteride, it is important to contact your healthcare provider immediately. They may suggest an alternative treatment option for your condition.
Finasteride works by inhibiting the enzyme 5-alpha reductase, which converts testosterone into dihydrotestosterone (DHT). DHT is a hormone that can cause prostate growth in men. By reducing DHT levels, finasteride can slow down or stop hair loss. By blocking the conversion of testosterone to DHT, finasteride helps to slow down or stop hair loss.
Finasteride is typically taken orally and can be taken as a tablet, oral liquid, or into the mouth.
The effects of finasteride generally start to wear off after a few months.
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