USD 4.9 billion
Report ID: SQMIG35D2050 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 92 | Figures: 76
Global Hair Transplant Market size was valued at USD 4.9 billion in 2021 and is poised to grow from USD 5.9 billion in 2022 to USD 31.37 billion by 2030, growing at a CAGR of 20.4% in the forecast period (2023-2030).
One of the major factors fueling the increase and demand for hair transplants is the increasing number of people suffering from hair loss. Furthermore, the rising number of surgical operations and high-dose medicine consumption contribute to worldwide market growth during the projection period 2023-2030.
The rising frequency of chronic disorders such as hypothyroidism, stress, hyperthyroidism, cancer, and lupus, among others is expected to drive a considerable market growth. The continuous development of new treatment techniques is projected to enhance market revenue even more. The COVID-19 pandemic has had a greater impact on the hair transplant industry. However, in the post-pandemic time, the industry growth is anticipated to grow manifolds owing to disposable income and an urge to improve hair beauty and external appearance.
US Hair Transplant Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.9 billion
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The global hair transplant market is segmented based on procedure, gender, service provider, and region. Based on procedure, the market is segmented into follicular unit transplantation (FUT), follicular unit extraction (fue), combination of FUT and FUE, and others.
Based on gender, the market is segmented into female, male. based on service provider, the hair transplant market is segmented into hospitals, clinics, surgical centres, others. based on region, the hair transplant market is categorized into North America, Europe, Asia-Pacific, and MEA.
Hair Transplant Market Analysis by type
On the basis of procedure, the follicular unit extraction (FUE) segment led the market in 2022 and is likely to maintain this trend during the forecast period, owing to increased FUE technique adoption and increased public awareness of hair transplant procedures. The follicular unit transplantation (FUT) sector, on the other hand, is predicted to develop significantly over the forecast period, owing to an increase in the incidence of hair loss among the male population and an increase in the prevalence of alopecia.
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North America had the bulk of the worldwide hair transplant market share in 2022 and is expected to maintain its dominance during the forecast period. This is due to a growth in the number of hair transplant surgeries, an increase in the number of approvals for enhanced hair transplant techniques, the existence of the hair transplant business, and developments in the region's healthcare sector. Asia-Pacific is expected to have profitable growth as the number of male populations increases, young people have become more aware of hair transplant therapy.
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Hair Transplant Market Driver
Increasing awareness of Physical Appearance
Hair Transplant Market Restraint
Lack of Refund Policies and Non-reimbursing nature of Insurance policies
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The worldwide hair transplant industry is divided into firms ranging from start-ups to established players. These market participants are always focused on producing novel goods to accomplish successful transplant operations and results. Venus Concept has outperformed the competition via rigorous development and the launch of surgical and non-surgical therapeutic options. The ARTAS iX robotic system has evolved into one of the most demanding systems in the world. This technique aids clinicians in locating and harvesting hair follicular units from alopecia patients' scalps. Venus Concept, which merged with Restoration Robotics Inc., introduced this ARTAS technology to the market and has capitalised on its potential in the hair restoration business.
Hair Transplant Market Top Player’s Company Profiles
Hair Transplant Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by robust secondary desk research.
According to the global hair transplant market report analysis, over the years, the hair transplant business has seen a pioneering development. The industry has seen various technical developments, ranging from classic Follicular Unit Transplantation (FUT) to Follicular Unit Extraction (FUE). Nonetheless, physicians disagree on which transplantation approach is the best thus far. Furthermore, non-surgical techniques are bringing about significant breakthroughs in medical gadgets for hair loss therapy. Pharmaceutical firms are focused on R&D to develop an effective hair loss treatment.
The category of hospitals and clinics dominated the market. The dominance is ascribed to reasons such as increased investments in infrastructure management and rising patient demand for surgical operations at hospitals and clinics. Because hospitals and clinics have a well-established medical infrastructure, they are preferred by the patient population. Because appropriate funding are available, newly released systems are quickly accepted and deployed by hospitals and clinics.
|Market size value in 2021||USD 4.9 billion|
|Market size value in 2030||USD 5.9 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Hair Transplant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Hair Transplant Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Hair Transplant Market:
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