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Finasteride Market Trends

  • Report ID: 2984
  • Published Date: Sep 03, 2024
  • Report Format: PDF, PPT

Finasteride Market Trends

Growth Drivers

  • Increasing Occurrence of Hair Loss and Prostate Cancer
  • Growing R&D Activities in the Pharmaceutical Sector

Challenges

  • Side Effects of Using Finasteride
  • Rising Availability of Alternative Treatment Options

Finasteride Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

2.7%

Base Year Market Size (2023)

USD 109.5 million

Forecast Year Market Size (2036)

USD 154.82 million

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 2984
  • Published Date: Sep 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of finasteride is estimated at USD 111.87 million.

Finasteride Market size was over USD 109.5 million in 2023 and is anticipated to reach USD 154.82 million by 2036, growing at around 2.7% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by increasing occurrence of hair loss and prostate cancer and growing R&D activities in the pharmaceutical sector.

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.

The major players in the market are Novartis International AG, Merck Sharp & Dohme Corp., Teva Pharmaceuticals Limited, RelconChem Limited, Cipla Ltd., and others.
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