Hair Transplant Market to achieve CAGR of 21.5% from 2023 to 2032, owing to increasing prevalence of androgenic alopecia | insightSLICE
The market for Hair Transplants was valued at $9 billion in 2021 and is anticipated to grow at a CAGR of 21.5% forecast to 2032.
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The key players of the Global Hair Transplant Market are:
Medicament, Limmer Hair Transplant Center, Bernstein Medical, GETFUE Hair Clinics Ltd., Venus Concept, and Follica are a few of the major companies that operate in the global hair transplant marketplace. The market is getting more price competitive, forcing businesses to offer competitively priced products that also have a prolonged efficacy.
Factors that will promote growth of hair transplant procedures:
Hair transplantation is a surgical procedure that includes moving hair follicles from the “donor site,” a specific area of the body, to the “receiver site,” an area where baldness or hair thinning is present. Follicular unit strip surgery (FUSS) and follicular unit extraction (FUE) are the two basic procedures utilized for hair transplantation.
The market for hair transplants is expanding as a result of rising expenditures on cosmetic procedures. Both men and women are increasingly adopting these procedures because of the ability of surgery to promote increased hair regrowth and a youthful appearance.
The moderate to high-cost range of the treatment as well as the potential for repeated treatment to produce lasting effects could, however, impede market expansion.
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Global report on Hair Transplant Market:
The study will categorize the businesses involved in the hair transplant industry into several categories and provide a detailed analysis of the top players who control the bulk of the worldwide market. Our analysis will estimate these companies’ market shares in addition to full sales details.
The analysis will take into account the main competitive information, such as long-term planning, market presence, public releases, risks and opportunities, and R&D strategies of all the companies in the worldwide hair transplant market.
It will also be considered how the multiple players in the infrastructure of the production and distribution channel would affect the expansion of the market. The brand portfolio portion of this research gives in-depth details on all of the hair transplant solutions.
Similar to the above, the corporate development segment will concentrate on the latest international expansion, licensing agreements, acquisition or merger operations, as well as strategic collaborations and partnerships information in the global hair transplant industry.
Global Hair Transplant Market Key Segments:
By Surgical type
- Follicular unit strip surgery (FUSS)
- Follicular unit extraction (FUE)
By Surgery area
- Head hair transplant
- Frontal Hairline Lowering or Reconstruction
- Eyebrow transplant
- Others
By End-user
- Hospitals
- Clinics
- Trichology Clinics
- Cosmetic & Dermatology Clinics
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Japan
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
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Regional performance of Hair Transplant Market
Over the projection period of 2022–2032, North America will account for the greatest proportion of the global market for hair transplants. This is caused by the fact that there are noticeably more individuals in this region who suffer from long-term illnesses.
Hair loss and baldness are caused by the prevalence of chronic disorders and this is also prevalent in this region. One of the main factors contributing to the occurrence of chronic illnesses in individuals is unhealthy eating habits and obesity. In the US, one or even more chronic diseases affect more than 43% of the population.
Research from the National Health Council predicts that in the United States, 157 million individuals would have chronic diseases by 2020. Approximately 81 million of these individuals have multiple medical conditions.
Androgenetic alopecia is one of the main causes of baldness and hair loss in both men and women, in addition to these rising chronic disorders.
According to the American Hair Loss Association, androgenetic alopecia is thought to be the cause of hair loss in more than 95% of men. The International Society of Hair Restoration Surgery (ISHRS) performed a survey in 2019 and found that about 182,025 patients in North America had their hair loss medically repaired.
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