Global Minoxidil Market to Surpass US$ 1,345.6 Million by 2027, Says Coherent Market Insights (CMI)
According to Coherent Market Insights, the global minoxidil market is estimated to be valued at US$ 951.8 million in 2020 and is expected to exhibit a CAGR of 4.8% during the forecast period (2020-2027).
- According to Coherent Market Insights, the global minoxidil market is estimated to be valued at US$ 951.8 million in 2020 and is expected to exhibit a CAGR of 4.8% during the forecast period (2020-2027).
- Key trends in the market include rising incidence of androgenetic alopecia & alopecia areata and ongoing research and development on minoxidils.
- Market players and research organizations are focusing on research and development of novel drugs for treatment of alopecia areata.
- The global minoxidil market is expected to exhibit a CAGR of 4.8% during the forecast period, owing to the rising incidence of alopecia or hair loss across the globe.