Hair Transplant Market Analysis
The global hair transplant market is anticipated to touch USD 23, 881.9 million at a 24.0% CAGR between 2014-2023, reveals the new Market Research Future (MRFR) report. Hair transplantation, simply put, is a surgical process to remove baldness. It includes removing hair follicles from a site in the body such as legs or face and planting the same in a portion that is hairless. A hair transplant is also used for transplanting hair in brows and lashes.
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Hair transplant procedures over the last couple of years have undergone changes, and medical advances are being made constantly owing to which this procedure has become more desirable and accessible than ever. FUE is one of the newest trends in hair transplantation. This minimally invasive technique uses computer-assisted, precise FUE (follicular unit extraction) for removing hair follicles, especially from the scalp sans, leaving behind linear scars.
Various factors are propelling the hair transplant market growth. Such factors, as per the latest Market Research Future report, include increased hair transplant methods, significant success rate, increasing patient pool, changing dimensions of beauty, the introduction of constant technological advancements, and growing urbanization. Additional factors pushing the growth of the hair transplant market include societal pressure, growing celebrity, and media influence, increasing obsession regarding physical appearance, increasing prevalence of thinning hair or baldness, changing lifestyle, increasing consumption of high doses of drugs, and the growing number of surgical procedures.
On the contrary, the presence of unlicensed personnel, availability of different alternative treatments, and the high price of hair transplant techniques are factors that may deter the hair transplant market growth during the forecast period.
Market Segmentation
The Market Research Future report provides an all-inclusive segmental analysis of the Hair Transplant Market based on end user, surgery type, and surgery method.
By the surgical method, the hair transplant market is segmented into follicular unit extraction (FUE), follicular unit transplantation (FUT), and others. The FUE segment is again segmented into automated FUE hair transplantation, robotic hair transplantation, and follicular isolation technique. Of these, the FUT segment will have the maximum share in the market during the forecast period.
By surgery type, the hair transplant market is segmented into reconstruction or frontal hairline lowering, eyebrow transplant, head hair transplant, and others. Of these, the head hair transplant segment will lead the market during the forecast period.
By the end user, the hair transplant market is segmented into dermatologic clinics, hospitals, trichology clinics, and others.
Regional Analysis
By region, the hair transplant market report covers the latest trends and growth opportunities across the Americas, the Middle East and Africa, Europe, and the Asia Pacific. Of these, the Americas will spearhead the market during the forecast period. Various factors propelling the growth of the hair transplant market in the region include the growing demand for hair restoration, changing lifestyle, extensive usage of cosmetics, and growing emphasis on skincare. People in this region aged above 30 years undergo hair transplant owing to hormonal changes in women, poor dietary habits, reduced nutrition levels, and increased psychological stress.
The global hair transplant market in the Asia Pacific region will have a healthy growth during the forecast period. Various factors propelling the growth of the hair transplant market in the region include psychological stress, peer pressure, increasing social influence, rising prevalence of lifestyle disorders and skin disease, deterioration of mental and physical health among youths, and increasing incidences of workload and stress.
The hair transplant market in Europe will have a notable growth during the forecast period. Various factors propelling the growth of the hair transplant market in the region include growing urbanization in France, Germany, and the UK, lower costs of hair transplant treatments, advancement in technology in skincare and cosmetics, and unhealthy eating habits of teenagers and adults.
The hair transplant market in the MEA will have sound growth during the forecast period. Various factors propelling the growth of the hair transplant market in the region include rising spending on healthcare, developing healthcare infrastructure, and increasing awareness regarding hair transplant procedures.
Key Players
Notable players profiled in the hair transplant market report include Bosley, Ethics Hair Instruments, Bernstein Medical, Cole Instruments Inc., Restoration Robotics Inc., and MEDICAMAT.
Industry News
August 2019: Chairman and Founder of the Medispa Hair Transplant Center, Dr. Suneet Soni, has introduced an advanced method of hair transplant surgery by combing the two methods- FUE+FUT to redefine the hair restoration procedure. It uses both the body and scalp hair for fulfilling the objective of the surgery. It is an easy and comfortable technique.
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