The global finasteride market to benefit from the increased demand for effective treatments for male pattern baldness. In addition, a new analysis by Fact.MR shows prospects for growth due to the growing usage of finasteride as an oral drug for the treatment of benign prostatic hyperplasia.
Finasteride is regarded as an oral drug used to treat benign prostatic hyperplasia (BPH), which is a condition in which a man’s prostate enlarges. Finasteride is used to treat men who have benign prostatic hyperplasia, which causes urinary problems. The medication aids in lowering the likelihood of prostate surgery, either on its own or in conjunction with other medications.
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Key Players
- Merck and Company
- Novartis International AG
- Teva Pharmaceuticals Limited
- Dr Reddy’s
- RelconChem Limited
- Actavis Pharmaceutical Company
- Cipla Ltd.
- Accord Pharmaceuticals
- Henan Topfond
- Zhejiang CONBA Pharmaceutical
- Guangdong Eashu Pharmaceutical
- Shandong Renheteng Pharmaceutical
- And others are actively involved in offering finasteride for different applications.
Key Statistics Supporting the Surge
- As the world’s top market for finasteride, the United States charges more for the tablet than does Asia.
- Given that India’s senior population is anticipated to grow by 2030, which will increase demand for finasteride medications, the country is anticipated to present profitable growth prospects.
- Market sales will increase as more people utilise finasteride medications to treat benign prostatic hyperplasia.
- A larger portion of the market share for finasteride medications will come from institutional sales.
- Hospital pharmacies are the primary distribution channel for the finasteride market, serving a large number of patients.
In-Depth Assessment on Key Segments
Based on drug dose
- 1 mg
- 5 mg
Based on the indication
- Benign Prostatic Hyperplasia (BPH)
- Male Pattern Baldness
- Hormone Replacement Therapy
Based on the distribution channel
- Institutional Sales
- Hospitals
- Speciality Clinics
- Research Institutes
- Retail Sales
- Retail Pharmacies
- Online Pharmacies
Based on the region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
What makes Fact.MR report stand out from others?
Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Finasteride market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Finasteride market and assists to create strategies to overcome the obstacles that may hinder the growth of the Finasteride market.
• Leverage: The Finasteride market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Finasteride market
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