Number of pages: 100 | Report Format: PDF | Published date: 19 September, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
The global hair transplant procedure market was pegged at ~US$ 3.35 billion in 2021 and is expected to witness a CAGR of 21.4~% during the forecast period.
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 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.
Rising prevalence of chronic diseases including hypothyroidism, hyperthyroidism, stress disorders, lupus, cancer, etc. is expected to mark significant growth for the industry. Moreover, the increasing number of cases of alopecia, coupled with the aging of the global population base, is estimated to spur the growth of the segment. Continued development of modern therapeutic strategies is expected to further increase market revenue. Rising demand for one-on-one hair restoration sessions coupled with high penetration of hair transplant surgery will boost market revenue. In addition, the demand for hair growth methods is increasing due to inexpensive and technological advances.
The high cost of transplant procedure is a limitation for the global hair transplant procedure market growth.
The global hair transplant procedure market has been analyzed from four perspectives: - procedure, gender, end user, and region.
Hair Transplant Procedure Market by Procedure
Based on procedure, the global hair transplant procedure market has been subdivided into follicular unit extraction and follicular unit transplant. The follicular unit extraction procedure segment dominates the hair transplant procedure market. The procedure gives naturally looking thick hair appearance to the patient and has less chances of errors. Also, it does not require stripping of donor’s scalp to remove follicles. Thus, contributing to the segment’s dominance in the global market.
Hair Transplant Procedure Market by Gender
Based on gender, the global hair transplant procedure market has been divided into male and female. The male gender segment dominates the global hair transplant procedure market. This is attributed to the increasing prevalence of androgenic alopecia, in male population. Growing obsession for aesthetics amongst female population would result in the future growth of this segment in the global hair transplant market.
Hair Transplant Procedure Market by End User
Based on the end user, the global hair transplant procedure market is divided into hospitals, clinics, and surgical centers. The clinic segment dominates the global hair transplant surgery market owing to the increasing burden of alopecia cases and an aging population, which has a major impact on the growth of hair transplant and restorative therapies. In addition, the cost-effectiveness and economic reach of hair restoration surgery allows 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 has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. The United States dominates the hair transplant market in North America. This is due to the increasing number of surgical hair transplant procedures. Rise in hair transplant surgery, including hair follicle unit extraction and hair follicle unit transplantation, coupled with high treatment success rate, will drive the market size in the region. Japan dominates the market in Asia-Pacific region. 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.
Some of the prominent players operating in the global hair transplant procedure market are: -