The global finasteride tablets market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Finasteride is defined as a synthetic drug that is used for the treatment of benign prostatic hyperplasia and male pattern baldness. Available in tablet dosage, the drug is usually recommended to be taken once a day. Finasteride serves as an active ingredient in manufacturing drug for controlling baldness and prostate cancer in men. The drug has been shown to be effective in decreasing the size of the prostate gland and further treating urinary symptoms in men with benign prostatic hyperplasia. It improves BPH symptoms and decrease urge for urine and contributes to better urinating flow with less strain. The active ingredient works decreasing natural body hormone (DHT), which serves a main factor for prostate growth. Additionally, finasteride has been shown to be effective in treating male pattern baldness. All these benefits offered by the drug are likely to spur the global finasteride tablets market.
Further, the growing incidence of benign prostatic hyperplasia is also likely to boost the demand for finasteride tablets. There has also been registered growing prevalence of male pattern baldness due to poor nutrition and extreme pollution. In this form of baldness, hair loss takes place in a specific pattern; usually starting from a receding hairline and then thinning hair on the top of the head. Finasteride works rapidly in treating this condition. Adding to this, continuous R&D investments in the pharma industry in order to formulate more effective and innovative drugs will further propel the global finasteride tablets market growth.
Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Top Major Key Players:
Merck & Co, Inc., Novartis International AG, and Teva Pharmaceutical Industries Ltd., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Finasteride Market Report by Segment
By Type
1 mg Tablet
5 mg Tablet
By Application
Male Pattern Baldness
Benign Prostate Hyperplasia
Others
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