$30.13 Billion Growth for Hair Transplant Market Size to Hit 20.4% CAGR by 2031

Hair transplant procedure is a surgical procedure, which involves restoration of hair at the bald area of body. This procedure is performed by removing hair follicle from the donor site of body and implanted to the receiver site or bald area. Different type of hair transplantation procedures such as follicular unit transplantation (FUT), follicular unit extraction (FUE), and, combination of FUT & FUE are performed to restore hair at bald area. Hair transplant treatment is commonly used in male pattern baldness, however can also be used to treat hair thinning and baldness among female population.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 : https://www.alliedmarketresearch.com/request-sample/17421

Key Market Players :

Bernstein Medical, Bosley, Dermamagnetica Clinic, GETFUE Hair Clinics Ltd, Hair Club, Hair Doc, Hair Palace Clinic, Hair Restoration BlackRockHRBR, Hair sure transplant center, Hair Transplants of Florida, Hairline International Hair and Skin Clinic, Hermest Hair Clinic (Innovator), Limmer Hair Transplant Center, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Venus Concept, vinci hair clinic

The increase in the global hair transplant market size is due to the increase in hair restoration procedures, the increase in alopecia, and technological advancements in the hair transplant industry. For example, according to a report shared by the International Society of Hair Restoration Surgery (ISHRS), in 2021, it was reported that 2,221,191 hair restoration procedures were performed worldwide. According to the same publication, it was also observed that the hair restoration process increased by 7% from 2019 to 2021 worldwide. Additionally, the increase in the number of hair transplant procedures in the United States is driving the growth of the hair transplant market. For example, according to the American Society of Plastic Surgery (ASPS), in 2019, 24,348 hair transplant procedures were performed in the United States. Also, the increase in the number of people regarding the physical appearance and the increase in the number of people who are balding increases the need for hair transplant procedures. For example, according to data from the New Look Institute, a hair restoration clinic, in 2021, it was reported that about 39.24% of men are bald in France.

In addition, the rise in prevalence of chronic diseases such as cancer, hyperthyroidism, and hypothyroidism lead to hair loss, which fuels the market growth. For instance, cancer diseases are treated with the help of chemotherapy which leads to hair loss.  Therefore, increase in the number of chemotherapies, which causes hair loss and surge the demand for hair transplant procedure. Increase in number of product approval and product launch for hair transplantation procedure drives the growth of the market.

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North America accounted for a majority of the global hair transplant market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in number of hair transplant procedures, increase in number of approvals for advanced hair transplant procedure, presence of hair transplant industry, and advancements in healthcare sector in the region.