USD 4.9 billion
Global Hair Transplant Market Size, Share, Growth Analysis, By Procedure(Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE)), By Gender(Female, Male), By Service Provider(Hospitals, Clinics) - Industry Forecast 2023-2030
Report ID: SQMIG35D2050 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 92 | Figures: 76
Global Hair Transplant Market Insights
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.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Male
Fastest Growth
Male
Growth Rate
20.4% CAGR
Global Hair Transplant Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Hair Transplant Market Size by Gender, 2021-2028 ($ Bn)
Global Hair Transplant Market Size by Gender, 2021-2028 (%)
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Global Hair Transplant Market Segmental Analysis
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.
Global Hair Transplant Market Share By Gender, 2021 (%), 2021 (%)
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Global Hair Transplant Market Regional Insights
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.
Global Hair Transplant Market By Geography, 2021 - 2028, 2023-2030
- Largest
- Fastest
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Global Hair Transplant Market Dynamics
Hair Transplant Market Driver
Increasing awareness of Physical Appearance
- The rapidly shifting lifestyles, growing awareness of personal appearance, expanding celebrity and media effect, and rising disposable cash flow are a few of the factors driving global hair transplant business sector expansion. This is a good indication for the hair transplant industry. One of the major reasons for excessive baldness in the hair transplant industry is people's changing lifestyles all over the world.
- According to a new study, increase in inactive way of life, for example, smoking, poor eating habits, and stress might cause baldness. This has caused a major of youth population to turn to hair transplants to eliminate baldness causing factors.
Hair Transplant Market Restraint
Lack of Refund Policies and Non-reimbursing nature of Insurance policies
- Any sort of hair loss is not covered by health insurance. In India, the cost of a hair transplant is simply determined. Each transplant contains one to three hair follicles. It all depends on the number of grafts placed. Depending on the extent of hair loss, the transplantation might range from 600 to 4600 grafts. This figure is significant in terms of costing while the grafts can range anywhere between INR 60k to 5 lacs.
- Grafting prices might also be significant because it is not covered by health insurance. The expense of treating hair loss ranges from hundreds to millions of dollars.
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Global Hair Transplant Market Competitive Landscape
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
- Bosley Inc.
- Allergan, Plc.
- Restoration Robotics, Inc.
- Venus Concept Ltd.
- Hair Club
- Hairline International Hair and Skin Clinic
- Hair Transplant Center Turkey
- National Hair Centers
- NeoGraft Solutions
- The Harley Street Hair Clinic
- Bernstein Medical - Center for Hair Restoration
- Hair Transplant Dubai Clinic
- Capillus LLC
- Dr Batra’s Positive Health Clinic Pvt Ltd.
- Limmer Hair Transplant Center
- Hairline Ink
- Alvi Armani
- Medicamat
- Hair Transplant Institute Miami
- Hair Restoration Centers
Hair Transplant Market Recent Development
- In April 2022, Hermest Hair Clinic-HHC provides hair transplant services in Turkey. It just introduced its FUE process at a reasonable rate, making it a cost-effective hair transplant clinic in Turkey for patients from all over the world.
- In June 2022, UK Smiles Launched a New Low-Cost Hair Transplant Service in Istanbul, Turkey.
Global Hair Transplant Key Market Trends
- Popularity of Hair Transplantation: Hair transplantation is the most frequent surgical procedure performed on males across the world. Hair loss in males is referred to as androgenic alopecia. Male pattern baldness affects around 35 million men in the United States each year, according to the International Society of Hair Restoration Surgery (ISHRS). This rising occurrence is expected to draw patients' attention to hair restoration procedures and treatment choices. Furthermore, the introduction of innovative procedures and effective products is projected to attract patients to the hair transplant market throughout the forecast period.
- Use of Robotics: Since the inception of robotic hair transplantation, technology has been constantly improving. Transplantation hospitals and leading clinics are working to improve the technique's complexity in order to produce good treatment outcomes.
Global Hair Transplant Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 4.9 billion |
| Market size value in 2030 | USD 5.9 billion |
| Growth Rate | 20.4% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Hair Transplant Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Hair Transplant Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
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:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Hair Transplant Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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