Finasteride Market Share

On the basis of geographical analysis, the finasteride market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific is set to hold largest revenue share by 2036, on the back of growing penetration of finasteride in developing and under-developing countries. In addition, rising number of hair product launches and increasing development of sales network of pharmaceutical companies is also anticipated to drive market growth in the region. Moreover, the market in North America is expected to acquire the largest market share during the forecast period ascribing to the high popularity of finasteride in the United States, increasing approval of generic and biosimilar drugs by the governments, and the strong presence of market players in the region. For instance, finasteride was the fourth most commonly prescribed medication in the US.