The 7 major trichotillomania markets are expected to exhibit a CAGR of 6.5% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2034
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Historical Years
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2018-2023
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Market Growth Rate 2024-2034 | 6.5% |
The trichotillomania market has been comprehensively analyzed in IMARC's new report titled "Trichotillomania Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Trichotillomania is a complex mental health disorder characterized by the persistent urge to pull out one's hair, resulting in noticeable hair loss. This ailment falls under the category of obsessive-compulsive and related diseases. People suffering from trichotillomania often experience a sense of tension or mounting anxiety before pulling their hair, followed by a sense of relief or gratification during and after the act. The symptoms of the ailment can vary in severity and may include an irresistible compulsion to pull hair from the scalp, eyelashes, eyebrows, or various other body parts, sometimes leading to bald patches. Individuals affected by this disorder often attempt to conceal their hair loss, which can further contribute to feelings of shame and embarrassment. The repetitive nature of hair pulling can also result in substantial distress and impairment in daily functioning. The diagnosis of trichotillomania typically involves a comprehensive assessment of the patient’s characteristics using the Diagnostic and Statistical Manual of Mental Disorders (DSM-5) by a mental health professional.
The escalating cases of impulse control disorders due to various associated factors, like stress, anxiety, and genetic predisposition are primarily driving the trichotillomania market. In addition to this, the inflating utilization of effective therapeutic interventions, such as cognitive-behavioral therapies (CBT), which target the behavioral tendencies and thought patterns leading to hair-pulling, is also creating a positive outlook for the market. Moreover, the widespread adoption of certain medications, including selective serotonin reuptake inhibitors (SSRIs) and amino acids, to alleviate disease symptoms and curb compulsion, is further bolstering the market growth. These agents aim to increase the amount of serotonin available in the synaptic cleft by blocking its reuptake into the presynaptic neuron, thereby modulating neurobiological mechanisms. Apart from this, the rising usage of alternative treatments, like acupuncture and hypnosis, that help to manage the anxiety or stress triggering the condition is acting as another significant growth-inducing factor. Additionally, the emerging popularity of support therapies, owing to their efficacy in addressing underlying emotional causes and promoting healthier coping mechanisms in individuals suffering from the illness, is also augmenting the market growth. Furthermore, the increasing demand for advanced technologies like virtual reality-based regimens, which offer immersive and targeted interventions to redirect behaviors, is expected to drive the trichotillomania market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the trichotillomania market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for trichotillomania and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the trichotillomania market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current trichotillomania marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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SXC 2023 | Promentis Pharmaceuticals |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Trichotillomania: Current Treatment Scenario, Marketed Drugs and Emerging Therapies