The hair transplant industry has speedily undergone a pioneering transformation over the years. From traditional Follicular Unit Transplantation (FUT) to Follicular Unit Extraction (FUE), the market has observed different technological innovations. Yet, it is still contentious for the physicians which transplantation approach is the best so far. In addition, non-surgical processes are also coming up with different innovations in medical devices for hair loss treatment. Pharmaceutical companies are aiming at research and development to launch an efficient drug to help hair loss. As alopecia is very common among the population in the Asia Pacific and the Middle East & Africa, the hair restoration market is predicted to exhibit an increasing demand throughout the review duration. Moreover, increasing investments in integrating robotics with transplantation technologies would also underwrite the speedier growth of the market during the forthcoming period.
The increasing number of surgical processes and rising consumption of high doses of drugs are also underwriting the growth in the global market over the review duration. According to the SPER market research, ‘Hair Transplant Market Size- By Surgical Procedure, By Service Provider, By Gender, By Product, By Therapy, By Surgery Type- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032’ state that the global hair transplant market is predicted to reach USD 38.54 billion by 2032 with a CAGR of 20.6%.
In addition, the increase in prevalence of chronic diseases such as hyperthyroidism, cancer, and hypothyroidism lead to hair loss, which propels the market growth. For instance, cancer diseases are treated with the assistance of chemotherapy which leads to hair loss. Hence, augment in the number of chemotherapies, which causes hair loss and increase the demand for the hair transplant process. Augment in the number of product approval and product launch for the hair transplantation process propels the growth of the market.
Also, the speedily transforming lifestyle of individuals, increasing awareness concerning physical appearance and hair loss, and increasing incidences of stress and workload are also lifting the growth of the market. Not only this, the unhealthy eating habits of teenagers and adults as well as the increasing requirement of technological innovations in cosmetics and skincare are also one of the proficient aspects growing the growth of the hair transplant market. The rising spending on healthcare will also make sure high industry growth over the review duration.
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The growing technological advancements in hair transplant processes along with the growing hair loss rate and the great demand for hair transplant surgeries and connected treatments are proposing proficient growth opportunities for the market during the review duration. The procedure is completely safe and does not involve damaging chemicals that might cause harm to the individuals. The above-mentioned aspects are accountable for the augment in the demand for hair transplant processes around the globe. This gradual augment in the number of hair transplant surgeries is predicted to augment the demand for transplants during the review duration.
Global Hair Transplant Market Key Players:
The Global Hair Transplant Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Acıbadem Healthcare Group, Allergan Plc, Bernstein Medical, Cutera Inc., Dermamagnetica Clinic, Getfue Hair Clinics Ltd., Hairdoc, Hair Palace Co Ltd., Hair Restoration Black Rock, ILHT Dubai, Hairline International Hair & Skin Clinic, Limmer Hair Transplant Center, Medical Hair Transplants & Aesthetics, Springs Hair Restoration, Tempus Hair Restoration of Florida, Venus Concept.
Global Hair Transplant Market Segmentation:
By Surgical Procedure: Based on the Surgical Procedure, Global Hair Transplant Market is segmented as; Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE), Combination of FUE and FUT and Others.
By Service Provider: Based on the Service Provider, Global Hair Transplant Market is segmented as; Dermatology clinics, Hospitals, Trichology Clinics, Surgical Centers and Others.
By Gender: Based on the Gender, Global Hair Transplant Market is segmented as; Female and Male.
By Product: Based on the Product, Global Hair Transplant Market is segmented as; Gel, Serum, Drugs, Multivitamins and Others.
By Therapy: Based on the Therapy, Global Hair Transplant Market is segmented as; Platelet-Rich Plasma Therapy (PRP), Stem Cell Therapy, Laser Therapy and Others.
By Surgery Type: Based on the Surgery Type, Global Hair Transplant Market is segmented as; Head Hair Transplant, Eyebrow Transplant, Frontal Hairline Lowering or Reconstruction and Others.
By Region: In terms of market share, North America dominated the world for hair transplants and is expected to continue to do so over the forecast period. The increase in the number of hair transplant procedures, the rise in the number of advanced hair transplant procedures approved, the existence of the hair transplant industry, and improvements in the healthcare sector in the area are all credited with this. Due to an increase in the number of men living in the region, increased knowledge of hair transplant procedures among young people, and rising health care costs, Asia-Pacific is expected to experience profitable growth.
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