Hair Transplant Market Size, Share, Growth Analysis, By Procedure(Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE), Combination of FUT, FUE), By Gender(Female, Male), By Service Provider(Hospitals, Clinics, Surgical Centres, Others), By Region - Industry Forecast 2024-2031

Hair Transplant Market size was valued at USD 4.9 billion in 2019 and is poised to grow from USD 5.9 billion in 2023 to USD 31.37 billion by 2031, growing at a CAGR of 20.4% in the forecast period (2024-2031).

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. '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'

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 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. 

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.

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.