Finasteride, a highly effective nonsteroidal anti-inflammatory drug (NSAID), is widely used for the symptomatic treatment of benign prostatic hyperplasia (BPH) and other male sexual disorders. In patients with BPH, the dose of finasteride can be adjusted according to the response and side effects.
The global finasteride market is anticipated to witness substantial growth in the years to come. As of 2023, the market size was valued at approximately USD 9.6 billion and is projected to reach around USD 16.9 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 4.2% from 2024 to 2031[1][3].
The finasteride market is segmented based on several key factors, including location, age group, brand/ generic market dynamics,iquestio market dynamics,dieto clinical data,and forecast. Each segment is segmented broadly, with the global finasteride market being segmented into North America, Europe, Asia Pacific, and the Middle East and Africa. North America is expected to dominate the North American market, leading the way byn more than thirty-five major leading players. The market is driven by the rise of telemedicine and the development of online pharmacies in America. The Asia Pacific region is expected to be the fastest-growing region by 2029, leading the way in by more than thirty-seven major players[1][3].
North America dominated the North American telemedicine market in Q220, with a 13.6% share. In Q2, the share was 13.4%, with 13 major major players (including CVS, Walgreens, and others)[1].
In the Asia Pacific region, the Asia Pacific region saw a 15.3% share, with nearly thirty-six companies (33 major players, including CVS, Walgreens, and others)[2].
The finasteride market is segmented based on several factors, including brand name (Finasteride 1mg), generic (Finasteride 1mg capsules), generic/ pharmaceutical (Finasteride 5mg), and unbranded generic (Finasteride 1mg tablets)[3].
The market is highly competitive, with several major players (CVS, Walgreens, and others) playing a crucial role in the market development and marketed products. Key players include Lilly, UpToDate, and Tarka.
Unbeatable reviews and widespread traction from patients have driven the price higher for Unbeatable Health's finasteride. However, there are also several affordable generic finasteride prices that are launched globally, such as the generic Propecia in the USA and the affordable generic version of Proscar in Japan. These generic prices can offer a competitive price to income[4].
The finasteride cost for North America is around $10.36/month, which can be dangerous if not taken as directed. Patients with obesity, high blood pressure, or severe kidney disease often avoid physical activity, smoking cessation, and healthy diet, leading to a costeffective approach to managing their condition[5].
CVS has r&o;ceased leadership and is looking for prescription services for finasteride. This is an important addition to the market since it will ensure that approved prescription products are available without major cost. Prescriptions must be written by a licensed physician after they are used, and be covered by a health maintenance organization (HMO).
This service is available through select prescription drug services, including CVS. Unapproved prescription products may be purchased through major prescription drug services, such as Rx and OTC drugs. Pills at CVS are available at a discounted rate, based on the quantity purchased[5].
The finasteride market is expected to grow at a CAGR of 5.2% from 2024 to 2031. The telemedicine sector and online pharmacies are both significant growth opportunities for Medi-Cal, as well as potential new revenue opportunities for Cigna.
The global finasteride market is expected to reach around USD 16.
Finasteride 5 mg is used to treat male pattern hair loss (androgenetic alopecia) in men and to treat the symptoms of male pattern hair loss in women. The main active ingredient of Finasteride 5 mg is Dutasteride and it is also available in generic form.
The most common side effects of Finasteride 5 mg are headache, nausea, breast tenderness, flushing, stuffy or runny nose, abdominal pain, and sore throat. These are usually mild and usually resolve after stopping the medication. The drug may also cause some changes in your sex life. The most common side effects of Finasteride 5 mg include:
Finasteride 5 mg is not recommended for women who have a history of breast cancer or a history of menopause. Women with a history of breast cancer or a history of menopause should be given Finasteride 5 mg at the first sign of a problem such as decreased sex drive, breast enlargement, or breast tenderness.
Finasteride 5 mg is not recommended for men who have experienced hair loss or are taking other drugs. The medicine may cause serious side effects including:
The drug may also lead to unwanted hair loss. It is not known whether the drug will increase hair growth. Women should talk to their doctor before taking the drug and check with them if they have any of the serious side effects of the drug.
Finasteride 5 mg should not be used by women who are pregnant or breastfeeding and should not be taken by men who are taking medications that affect hormone levels in the brain.
Finasteride 5 mg is not recommended for women who have experienced hair loss or are taking other drugs.
Prices for Propecia and finasteride were remarkably stable at CVS, Walgreens, and Walmart during the second half of 2020.
Average prices for Propecia and its generic equivalent, finasteride, at CVS, Walgreens, and Walmart ended the second half of 2020 almost exactly where they began the six-month period in July. Prices at all three pharmacies started 2020 with a healthy 50% price cut for Propecia and nearly 75% price cut for finasteride, both of which held steady.
Prices dipped by another 10% or so starting in April, but this discount quickly dried up and prices returned to the low-to-mid $4 range for Propecia 1 mg. Generic finasteride prices have held steady ever since at all three pharmacies.
Propecia and finasteride are arguably the most effective treatments to combat male pattern baldness, also known as androgenetic alopecia. Thenoted that these medications “have been clinically proven to successfully treat hair loss in men to varying degrees.” In some cases, men treated with these drugs have experienced an end to hair loss, while in others, hair loss not only stops but some hair regrows as well.
At CVS, the average price for Propecia began the second half at $4.33 per 1 mg tablet in July. It’s remained at that price through the first quarter of 2021
Similarly, CVS’s price for finasteride 1 mg began and ended the second half of 2020 at $2.70, where it’s remained
Following the same pattern seen at CVS, Walgreens price for 1 mg Propecia began the second half at $4.35 in July and ended it at the same price in December. Walgreens is the most expensive between the three pharmacies but only by pennies.
Walgreens price for 1 mg finasteride was $2.58 in both December and March.
Displaying their usual propensity for undercutting the competition, Walmart’s prices for 1 mg Propecia were consistently the lowest at $4.14 for the entirety of the second half of 2020. That’s remained in place through March.
Finasteride prices at Walmart held steady at the bargain basement price of $1.13 in each month of the second half, producing a completely predictable six-month average of … wait for it … $1.13.
A complete snore-fest at all three major pharmacy retailers? Or a beacon of stability amidst the volatility of literally everything else this year? You decide.
The main culprit behind male pattern baldness is an androgen known as dihydrotestosterone (DHT), a derivative of testosterone, the primary male sex hormone. DHT gradually shrinks hair follicles until they can no longer support hair growth. An enzyme known as 5-alpha-reductase apparently triggers the conversion of testosterone into DHT. Propecia and finasteride combat hair loss by inhibiting this enzyme, thus reducing scalp levels of DHT.
If the convenience and privacy of ordering your drugs online appeal to you, check out all the many services available from eDrugstore.com, a longtime online prescription drug service. Its prices for both Propecia and finasteride are competitive, and it also offers a limited selection of other lifestyle medications. To learn more, pay a visit to eDrugstore’s.
Dan is a long-time freelance writer focusing on technology, science, health, and medicine, with a lifelong interest in physics, biology, and medicine. His work has taken a particular focus on scientific studies “beyond the headlines,” reading the study to more closely examine the results.
DanE-storeE-mailedDanDanDan, Ph. D, is a long-time freelance writer focusing to scientific issues in medical and health, including health food, medicine, and pharmacy. His work has taken a particular focus on scientific studies “beyond the headlines, starting with the question of whether Propecia or a 5-alpha-reductase inhibitor is effective.Xalmeds Online
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RefreshFinasteride is used to treat men with benign prostatic hyperplasia (BPH) and male pattern hair loss, also called androgenetic alopecia. BPH is caused by an enlarged prostate. Men with BPH usually have difficulty urinating, a decreased flow of urination, hesitation at the beginning of urination, and a need to get up at night to urinate. Finasteride will make these symptoms less severe and reduce the chance that prostate surgery will be needed. It may be used alone or in combination with other medicines such as an alpha-blocker to treat BPH. For men with hair loss, finasteride will increase the number of scalp hairs but will not increase the amount of body hair.
Finasteride blocks the action of an enzyme called 5-alpha-reductase. This enzyme changes testosterone to another hormone that causes the prostate to grow or hair loss in males. It will increase testosterone levels in the body, which decreases prostate size and increases hair growth on the scalp. The effect of finasteride on the prostate and scalp will only last as long as the medicine is taken. When it is stopped, the prostate begins to grow again and the hair will be lost.
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Finasteride may cause some side effects. Consult your doctor if these side effects last while on treatment.
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Finasteride can cause side effects including mental changes, breast development, and ovarian stimulation. If any of these happen, stop taking this product and call your doctor for medical advice.
Finasteride may also cause some side effects.
Finasteride may also cause side effects including fluid retention, increased aprox in the urinary tract, pain in the urethra, and prolonged bleeding. If you experience these symptoms while taking finasteride, stop taking the product and tell your doctor. Finasteride may also cause increased risk of developing breast cancer in men with an aprox of 30 or more glandular hairs. If you have any of the following, stop taking the product and tell your doctor.
While taking finasteride, it may cause side effects. Some of these symptoms may not need treatment, and may go away on their own in treatment if treated soon.
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