How big is the finasteride market | Stats & Insights 2025

Q: How big is the finasteride market size?

The finasteride market is projected to reach USD 1.3 billion by 2031.

Q: What is the CAGR of the finasteride market during forecast period?

The finasteride market is expected to grow at a CAGR of 6.3% during the forecast period.

Q: Which conditions are mainly treated using finasteride?

Finasteride is mainly used for androgenetic alopecia (hair loss) and benign prostatic hyperplasia (BPH).

Q: Which regions are driving the demand for finasteride?

North America and Europe lead in prescription volume, while Asia-Pacific is growing due to increasing awareness and affordability.

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Code: MTA6254

Publication Date: Jul 2025

How big is the finasteride market?

According to 6Wresearch internal database and industry insights, Global finasteride market was valued atUSD 0.9 Billion in 2024 and is expected to reachUSD 1.3 Billion by 2031, growing at acompound annual growth rate of 6.63% during the forecast period (2025-2031).

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Growth is driven by the increasing prevalence of androgenetic alopecia, expanding male grooming trends, and rising awareness of treatment options for benign prostatic hyperplasia (BPH). It is further supported by advancements in drug formulations, increasing healthcare expenditure, and growing acceptance of preventive and aesthetic healthcare solutions.

Key Growth Factors of the Finasteride Market

Rising incidence of male pattern baldness Worldwide
Increasing awareness and diagnosis of benign prostatic hyperplasia (BPH)
Expanding use of prescription and OTC finasteride products
Growth of online direct-to-consumer telehealth platforms
Favorable reimbursement for BPH medications in developed markets
Availability of generic alternatives enhancing affordability

Finasteride Market Trends

The finasteride market is witnessing a surge in online sales of hair loss treatments, subscription-based delivery models, and telemedicine consultations. There is also a trend toward lower-dose formulations and combination therapies. Consumer preferences are shifting toward discreet and convenient channels for purchasing treatment.

Emerging Developments in the Finasteride Market

Emerging developments in the finasteride market include topical finasteride formulations, micro-dosing strategies to reduce side effects, and clinical trials for new indications. Market players are also investing in DTC branding, personalized regimens, and improved delivery systems for better efficacy and compliance.