The Hair Transplantation is a surgical procedure in which the hair follicles are moved from one part of the body (already have to fill an area) to the area with thin or no hair. Hair transplantation is chiefly used to treat the baldness in male and female. There are two types of procedures used in the process of hair transplantation namely follicular unit transplantation (FUT) and follicular unit extraction (FUE).
The Global Hair Transplant Market is expecting an outstanding growth in coming future. Increasing consumption of drugs, steroids are also responsible for hair loss, therefore, has supported the growth of the market. According to International Society for Hair Restoration Surgery (ISHRS) more than 1 million hair transplant procedures performed in 2014 alone which was increased by 64% since 2006. As per the Consumer Reports Health surveys, it has been found that 65% individuals said they found wearing a wig was very or somewhat effective.
In another survey, it was observed that nearly 40% of women and 27% of men consuming over-the-counter products to stop or reverse their hair loss. Whereas 20% of the men have preferred the prescription pills and they have got very effective results. Neil Sadick, a dermatologist in private practice at Sadick Dermatology in New York City expressed his views to WebMD that prescribed drugs and treatment are the best options for the treatment of hair loss. He also mentioned that Propecia, minoxidil, and hair transplantation can be more effective for the treatment of hair loss than over-the-counter drugs. Some of the scientists have explained that Propecia if combined with advanced hair transplantation techniques, can stimulate the growth of hairs. Today’s hair transplant is more natural looking due to advance in the technology and medical devices.
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Global Hair Transplant Market – Competitive Analysis
Hair transplant market is characterized by the presence of numerous well-established players with their presence in global as well as at regional level. Many well-established players are entering into the various acquisition, collaboration, partnership, expansion, and technology launch events in order to gain a competitive advantage over other players in the market and to maintain their market position. Hair transplant market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in intensified competition further with an increase in service extensions, technological innovations. For instance, in April 2017, a company named Bernstein Medical has introduced major upgrade of their hair transplant robot ARTAS 9x, that will enable faster and more precise Robotic FUE procedures. To gain the competitive edge and to stay abreast in the market; marketers ensure that the information about hair transplant procedures is provided thoroughly to the client only by a well-trained surgeon. For that, the companies organize or participate in the conferences to take about or spread awareness about their product. For say, Dr. Bernstein (a Clinical Professor of Dermatology at the College of Physicians and Surgeons of Columbia University) discussed the exciting new capabilities of the most recent upgrade to the ARTAS Robotic System, ARTAS 9x and its latest innovations in the FUE procedures at the 25th Annual Conference of the International Society of Hair Restoration (ISHRS) in October 2017. These key players also ensure to provide the best possible patient care throughout Hair Transplant experience. Hence, the growing technological innovations and raising consciousness about the treatment methods has spurred the growth of the market.
Major Players in Hair Transplant Market:
There are plenty of large and small market players which operate in this market: Bernstein Medical, P.C.Cole Instruments Inc. (US), COLE INSTRUMENTS (US), MEDICAMAT (France), NeoGraft (US), Restoration Robotics, Inc. (US) and others
Taste the market data and market information presented through more than 48 market data tables and figures spread over 70 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Hair Transplant Market Research Report –Global Forecast to 2023.”
The global hair transplant market is growing rapidly. The major competitors in this market are either hair transplant equipment manufacturers or hair transplant services providers. These players are investing money in R&D to develop more innovative products for the market. Companies are entering into tie ups with hair transplant services providers to provide more usable solution to the customers. Top players like NeoGraft, and Restoration Robotics, Inc. holding the major share in the market while the smaller players in this market are holding reasonable amount of share in the market. Leading players in this market are focusing on developed and high income regions like North America and Europe for their revenues. But now these companies are developing strategies to expand their businesses in rapidly growing and emerging markets for their growth.
Considering the global scenario of the hair transplant market, North America was holding largest market share in global hair transplant market in 2016. While the European market is second largest market with Western European region accounts the major share and growing with faster rate followed by Eastern European region. Due to developing healthcare infrastructure, increasing healthcare expenditure and growing awareness of treatments and therapies, Asia-Pacific region will be fastest growing market for hair transplant during the forecast period. On the other hand, Middle East and Africa will grow with steady pace from 2017-2023.
Global Hair Transplant Market has been segmented on the basis of method which comprise FUE (Follicular Unit Extraction), FUT (Follicular Unit Transplantation), and others. FUE (Follicular Unit Extraction) is further sub-segmented into Follicular isolation technique, Automated FUE hair transplantation, Robotic hair transplantation. On the basis of type of surgery, it is segmented into eyebrow transplant, head hair transplant, frontal hair line lowering or reconstruction, and others. On the basis of end user, the market is segmented into hospitals, dermatology clinics, trichology clinics, and others.
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Major TOC Hair Transplant Market:
1 History and Evolution of Hair Transplant
1.1 Scenario Analysis
2 Report Prologue
3.1 Scope of Study
3.2 Research Objective
3.3 Assumptions & Limitations
3.4 Market Structure
4 Research Methodology
4.1 Market Size Estimation
4.1.1 Market Share analysis
4.2 Market Pricing Approach
5 Market Dynamics
5.2.1 Increasing number of surgical procedures
5.2.2 Consumption of high doses of drugs
5.3.1 High Cost
5.3.2 Availability of alternative treatment
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