Home > Healthcare & Medical Devices > Hair Transplant Market
Hair Transplant Market valued at around USD 8.1 billion in 2019 and will grow at a CAGR of 25.8% between 2020 and 2026. Growing prevalence of chronic diseases including hypothyroidism, hyperthyroidism, stress disorder, lupus, cancer, among others is anticipated to showcase significant industry growth. Continuous development of latest therapeutic strategies is further expected to boost the market revenue.
Get more details on this report - Request Free Sample PDF
The ongoing COVID-19 pandemic has affected the hair transplant business to a larger extent and will result in unprecedented restrictions in daily practice among the surgeons. Hence, several unprincipled operators have conceded as they can no longer compete on a level playing field. High standards of hygiene and ethical process are going to be inflexible and demanded by a generation of educated patients.
Report Coverage | Details |
---|---|
Base Year: | 2019 |
Market Size in 2019: | USD 8.1 Billion |
Forecast Period: | 2020 to 2026 |
Forecast Period 2020 to 2026 CAGR: | 25.8% |
2026 Value Projection: | USD 40 Billion |
Historical Data for: | 2015 to 2019 |
No. of Pages: | 246 |
Tables, Charts & Figures: | 415 |
Segments covered: | Market, Method, Product, Therapy, Gender, Service Provider |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Get more details on this report - Request Free Sample PDF
Considering the unprecedented impact of COVID-19 on hair transplant industry, it is evident that the market will experience slight impact in the foreseeable future. In addition, the impact of COVID-19 on countries wherein the hair transplant business is booming has also come to a standstill.
The changing lifestyle of people all over the world is one of the major reasons for severe hair loss. According to a recent research, it was observed that increase in sedentary lifestyle such as smoking, improper diet and stress can result in hair loss. Similarly, simple lifestyle changes such as inadequate amount of sleep, dehydration, consumption of insufficient amount of protein rich food and deficiency of vital vitamins & minerals are responsible for hair loss. These changing lifestyles has also caused food poisoning and malabsorption of nutrients that can lead to hair loss problems.
The rising demand for single session hair restoration surgeries coupled with high adoption of hair transplant procedures will fuel the market revenue. Moreover, cost-effective, and technological advancements have led to increase in demand for hair restoration methods.
Follicular unit extraction segment valuation crossed more than USD 3.2 billion in 2019 owing to the increase in adoption of this technique by surgeons and increasing number of men suffering pattern baldness. Furthermore, growing number of alopecia cases coupled with rising aging population base globally is estimated to expand the segment growth.
The hair transplant market from drugs segment is poised to register growth of around 25.5% till 2026 due to growing demand for minoxidil drug globally. The availability of the drugs over the counter that assist in stimulating the regrowth of hair has fuelled the minoxidil drugs demand. The upsurge in alopecia treatment is mainly driven by rising demand for hair loss treatment drugs with higher effectiveness and nominal side effects.
Platelet rich plasma USD 358 million revenue in 2019. Platelet-rich plasma is considered an extremely popular therapy as a natural and effective option for non-surgical hair restoration. PRP contains high concentrations of over 20 growth factors that are actively secreted from the α-granules of platelets. They further stimulate hair regrowth and these essential proteins regulate attachment, cell migration, and proliferation of hair growth.
The hair transplant market for male gender segment is poised to expand at more than 25.8% CAGR through 2026 led by growing cases of male pattern baldness due to genetic predisposition and external factors such as unhealthy lifestyle and sub-optimal diet. As per the recent research article, around 85% of the men suffer from hair thinning by the age of 50. This will result in increase in demand and adoption of hair transplant technique. Rising obsession pertaining to physical appearance is further driving the market value.
Get more details on this report - Request Free Sample PDF
Clinics segment surpassed USD 5,410 million in 2019 on account of the growing burden of alopecia cases and aging population that have a significant amount of impact on the growth of hair transplantation and restoration therapy. Furthermore, due to cost-effectiveness and economical outreach of hair restoration surgeries, specialty clinics are able to cater to the needs of higher number of alopecia patients due to cost-effectiveness and economical outreach of hair restoration surgeries.
Get more details on this report - Request Free Sample PDF
U.S. dominated the North America hair transplant market with over USD 2.6 billion revenue in 2019, impelled by the growing number of hair transplant surgical procedures. Rising number of hair transplant surgeries including follicular unit extraction and follicular unit transplantation coupled with high success rate of treatment will propel the regional market size.
Japan market exceeded USD 684 million in 2019 driven by growing adoption of innovative hair restoration therapies and changing lifestyles such as smoking and drinking habits. Additionally, increasing number of public and private clinics in the country offering varied and economical solutions for hair loss problem has steadily resulted in higher adoption of hair fall restoration surgeries.
Some of the major participants operational in the industry are Allergan Plc, Bernstein Medical, Bosley, GETFUE Hair Clinics Ltd., Hair Restoration BlackRockHRBR, Hair Club, Venus Concept (NeoGraft), Hairline International Hair and Skin Clinic, Hair Transplant Centre Turkey, Hair Transplants of Florida, Cole Instruments Inc., and among others. These leaders have implemented certain strategic initiatives such as collaborations, acquisitions and product launches that have enhanced their financial stability and helped them evolve as major industry players.
Market, By Market
Market, By Method
Market, By Product
Market, By Therapy
Market, By Gender
Market, By Service Provider
The above information is provided for the following regions and countries: