Hair Transplant Procedure Market
Number of pages: 100 | Report Format: PDF | Published date: September 19, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 3.35 billion |
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Revenue forecast in 2030 |
US$ 19.18 billion |
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Growth Rate |
CAGR of 21.4% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Segments covered |
Procedure, Gender, End User, and Region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study conducted by Growth Plus Reports, the global hair transplant procedure market was pegged at US$ 3.35 billion in 2021 and is expected to register a revenue CAGR of 21.4% to reach US$ 19.18 billion by 2030.
Market Fundamentals
A hair transplant is a procedure in which a plastic surgeon or dermatologist transplants hair to the bald spot on the patient’s scalp. Hair can be moved from the back or side regions of the head towards the crown area. Hair transplantation is usually done in a clinic under local anesthesia. One can improve their appearance and confidence by getting a hair transplant.
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Market Dynamic
The rising prevalence of chronic diseases including hypothyroidism, hyperthyroidism, stress disorders, lupus, cancer, etc. is expected to mark a significant revenue growth for the industry. Moreover, the increasing number of cases of alopecia, coupled with the aging of the global population base, is estimated to drive the revenue growth of the market. Furthermore, the continued development of modern therapeutic strategies is expected to further increase the demand for hair transplant procedures. Additionally, the rising demand for one-on-one hair restoration sessions coupled with the high penetration of hair transplant surgery will also boost the market revenue rate. However, the high cost of transplant procedures is a limitation for the global hair transplant procedure market revenue growth.
Market Ecosystem
The global hair transplant procedure market is analyzed from four perspectives: - procedure, gender, end user, and region.
Hair Transplant Procedure Market by Procedure
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Based on procedure, the global hair transplant market is segmented into follicular unit extraction and follicular unit transplant.
The follicular unit extraction procedure segment dominates the hair transplant procedure market in terms of revenue share. The procedure gives natural-looking thick hair and has lesser chances of errors. Also, it does not require stripping of the donor’s scalp to remove follicles thus, contributing to the segment’s dominance in the global market in terms of revenue share.
Hair Transplant Procedure Market by Gender
Based on gender, the global hair transplant procedure market is segmented into males and females.
The male gender segment dominates the global hair transplant procedure market. This is attributed to the increasing prevalence of androgenic alopecia, in the male population as well as baldness being the recessive genetic disorder, it mostly occurs in male chromosomes (XY) than female (XX).
Growing obsession for aesthetics amongst the female population would result in the future revenue growth of this segment.
Hair Transplant Procedure Market by End User
Based on the end user, the global hair transplant procedure market is segmented into hospitals, clinics, and surgical centers.
The clinic segment dominates the global hair transplant surgery market in terms of revenue growth owing to the increasing burden of alopecia cases and an aging population, which has a major impact on the rising rate of hair transplants and restorative therapies. In addition, the cost-effectiveness and economic reach of hair restoration surgery allow specialized clinics to meet the needs of more alopecia patients.
Hair Transplant Procedure Market by Region
Based on region, the global hair transplant procedure market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the hair transplant market in terms of revenue share. This is due to the increasing number of surgical hair transplant procedures. A rise in hair transplant surgery, including hair follicle unit extraction and hair follicle unit transplantation, coupled with a high treatment success rate, will drive the market revenue size in the region.
Japan dominates the market in the Asia-Pacific region in terms of revenue share. This is attributed to the increasing adoption of innovative hair growth therapies and lifestyle changes such as smoking and drinking habits. Moreover, the acceptance of baldness repair surgeries is increasing due to the growing number of public and private clinics in the country offering diverse and economical solutions to hair loss problems.
Competitive Landscape
The prominent players operating in the global hair transplant procedure market are:
Strategic Developments
The global hair transplant procedure market is expected to register a revenue CAGR of 21.4% during the forecast period.
The rising cases of alopecia and the development of new therapeutics for hair transformation are governing the global hair transplant procedure market revenue growth.
Allergan plc, Bernstein Medical, Bosley, Hair Restoration BlackRockHRBR, Venus Concept (NeoGraft), and Hairline International Hair and Skin Clinic are among the key players operating in the global hair transplant procedure market.
The follicular unit extraction segment dominates the global hair transplant procedure market in terms of revenue share.
Asia Pacific region is expected to register the highest revenue growth during the forecast period.
*Insights on financial permanence is subject to availability of information in public domain