Hair Transplant Market Size By Method (Follicular Unit Extraction [FUE], Follicular Unit Transplantation [FUT]), By Product (Gel, Serum, Drugs {Finasteride, Minoxidil}, Multivitamins), By Therapy (Platelet Rich Plasma, Stem Cell Therapy, Laser Therapy), By Gender (Male, Female), By Service Provider (Hospitals, Clinics, Surgical Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Turkey, China, India, Japan, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Nov 2019  |  Report ID: GMI2810  |  Authors: Sumant Ugalmugale, Rupali Swain

Report Format: PDF   |   Pages: 160   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry trends

Hair Transplant Market size surpassed $6.5 billion in 2018 and is projected to achieve over 25% CAGR up to 2025.
 

Hair Transplant Market size

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Hair transplantation is a surgical technique that includes removal of hair follicles from the ‘donor site’ to a bald area of the head. This procedure is majorly used to treat male pattern baldness. Men suffering from pattern baldness, women with thinning hair and victims of scalp or burn injury generally opt for hair transplant.
 

Hair transplantation history commenced several decades ago in Japan. But the milestone of modern hair transplantation was achieved in the 1950s through Dr. Orentreich’s research. He coined the term ‘donor dominance’ to explain the basic principle of hair transplantation that states, transplanted hair displays similar characteristics to that of donor site. Mini-grafting technique was introduced in 1984 that uses smaller grafts cut from strip of donor tissue. Mini-micro hair grafting techniques gradually replaced the plug technique and became major form of hair restoration surgery over next 20 years. In 1995, follicular unit transplantation (FUT) technique was introduced that uses stereo-microscopic graft dissection to obtain follicular units from donor site. This technique delivered improved results as well as increased the skills required by healthcare professionals to perform hair transplant. FUT became industry ‘gold standard’ for surgical hair restoration by the year 2000. Later in 2005, Follicular Unit Extraction (FUE) gained momentum as it reduced damage caused to the follicular units during extraction. Since then, the industry has witnessed tremendous advancements over the recent years. Some of recent technological innovations include Robotic Follicular Unit Extraction (R-FUE), Robotic Recipient Site Creation, Long-Hair Robotic FUE, ARTAS 9x Hair Transplant System among others.
 

Hair Transplant Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 6.5 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 25% 2025 Value Projection: 31 Billion (USD)
Pages: 160 Tables, Charts & Figures: 214
Geographies covered (18): U.S., Canada, Germany, UK, France, Italy, Spain, Turkey, Japan, China, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Segments covered: Method, Product, Therapy, Gender, Service Provider
Companies covered (16): Restoration Robotics, Inc., Hair Club, Venus Concept (NeoGraft), Hairline International Hair and Skin Clinic – (The hairline clinic), Ac?badem Hospitals Group, Allergan plc, Bernstein Medical, Bosley, GETFUE Hair Clinics Ltd, Hair Restoration BlackRock HRBR, Hair Transplants of Florida, Hair Transplant Center Turkey, L'Oreal SA, ILHT Dubai, Limmer Hair Transplant Center, Lumenis, Inc.
Growth Drivers:
  • Increase in number of people suffering from hair loss in Middle East and Africa
  • Rising awareness regarding physical appearance and hair loss in Asia Pacific
  • Technological advancements in hair transplant industry
  • Changing lifestyle of people across the world
Pitfalls & Challenges:
  • Adverse drug side effects
  • High costs of treatment
  • Lack of reimbursement policies and insurance coverage

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Increasing number of people suffering from hair loss problem will escalate the market demand

Rising number of people suffering from baldness or thinning hair will act as major industry driving factor for hair transplant market growth over the projected timeframe. Numerous factors including stress, ageing, genetics, malnutrition, medications and others can result in hair loss. According to the Hair Society, nearly 21 million women and 35 million men suffer from hair loss. Thus, growing hair loss problem coupled with rising occurrence of causative factors will stimulate hair transplant industry demand over the market analysis period.
 

Growing obsession about physical appearance along with benefits such as original hair colour, natural appearance with long term results will surge adoption rate of hair transplant therapy over the coming years. However, high cost of hair transplant treatment and adverse effects including appearance of rash, itching associated with hair transplant drugs will hinder market growth to a certain extent.
 

Increasing popularity of follicular unit extraction will stimulate market growth over the forecast period

Hair transplantation methods includes follicular unit extraction and follicular unit transplantation. Follicular unit extraction (FUE) market statistics will witness over 28% CAGR over the forecast period owing to growing adoption of this technique by surgeons and increasing number of men suffering pattern baldness. Follicular unit transplantation (FUT) is suitable for patients requiring large number of grafts as it provides considerably higher yield.  Furthermore, FUT requires shorter surgery time as well as less cost than FUE, thus driving market segment growth over the foreseeable future.
 

Drugs segment accounted for around 50% of the global hair transplant industry in 2018

Turkey Hair Transplant Market Share, By Product, 2018 (USD Million)

Turkey Hair Transplant Market Share, By Product, 2018 (USD Million)

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Based on product, the hair transplant market share is segmented into gel, serum, drugs, multivitamins and others.  The drugs segment is further bifurcated into Finasteride, Minoxidil and others. Rising use of Finasteride and Minoxidil coupled with growing market demand for innovative hair transplant therapies will drive the market growth over the estimated period. Increasing investment made by leading market players to develop superior hair transplant drugs will positively impact the future market demand.
 

Escalating demand for PRP therapy in the near future
 

Hair transplant therapy includes platelet-rich plasma (PRP), stem cell therapy, laser therapy and others. Platelet rich plasma therapy market accounted for USD 287.4 million in 2018 and is estimated to follow similar trend over the coming years due to various benefits of PRP in hair transplantation. It promotes tissues repair and healing, enhances hair follicle viability and reinvigorates dormant hair follicles. According to the International Society of Hair Restoration Surgery (ISHRS), nearly 58.8% patients were given PRP as healing therapy globally in the year 2017. Thus, the increasing number of hair transplant surgeries will spur the market projections for PRP gradually over the forecast timeline.
 

Increasing incidence of male pattern baldness will boost the market trends

By gender, the hair transplant is segmented into male and female. Growing obsession about physical appearance coupled with various factors such as stress, hormonal changes and others leading to hair thinning problems will drive the men market growth over the coming years. Also, majority of men suffering from pattern baldness generally undergo hair transplantation treatment that will lead to market segment growth to reach USD 24.7 billion by 2025.
 

The growing demand for single session hair restoration surgeries will drive the clinics segment growth

Based on service provider, the hair transplant industry size is categorized into hospitals, clinics, surgical centers and others. The clinics segment accounted for USD 4.3 billion in 2018 and anticipated to witness considerable market growth during the projected timeframe. The ability of clinics to provide technologically advanced therapies coupled with rising market demand for single session hair restoration procedures provided by clinics will drive the segmental growth. Moreover, specialty clinics cater to the needs of Alopecia areata patients as well as provide economical hair restoration surgeries will positively impact the market outlook.
 

Flourishing medical tourism industry share in Turkey for hair loss treatment will boost the regional market share

Europe Hair Transplant Market Forecast, By Country, 2025 (USD Million)

 Europe Hair Transplant Market Forecast, By Country, 2025 (USD Million)

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Rise in number of public and private clinics offering varied and economical solutions for hair loss problems in Europe will act as driving factor for Europe hair transplant market statistics. Increasing prevalence of conditions such as Alopecia areata and hereditary-pattern baldness will escalate the demand for hair restoration surgeries in the region. The exponential growth of Turkey’s medical tourism will positively impact the market growth. The International Medical Travel Journal states that, Turkey gets nearly 1.1 million health and medical tourist annually. Thus, the rising number of people suffering from genetic hair loss, increasing number of clinics offering hair restoration surgeries at affordable prices and growth of medical tourism business in Turkey will lead to market expansion of European industry.
 

Bosley is focusing on new product development to sustain its leading market position

Some of the notable market players operating in the hair transplant industry are Allergan, Bernstein Medical, GETFUE Hair Clinics Ltd, Hair Transplant Center Turkey, ILHT Dubai, L'Oreal SA, Restoration Robotics, Bosley among others. These companies are implementing various strategies such as new product launches, partnerships and collaborations, in order to gain high revenue share of booming hair transplant business.
 

Recent industry developments:

  • In May 2019, Bosley and Hair Club launched BioGraft, new technology in hair loss solutions. This new product caters to the need of both men and women as well as combines advanced surgical hair restoration technique Follicular Unit Extraction (FUE) with Xtrands+, non-surgical solution for hair loss.
     
  • In March 2019, Restoration Robotics entered into definitive merger agreement with Venus Concept. The strategy was aimed at becoming the leading player in minimally invasive hair restoration market. 
     

Hair Transplant market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:

By Market

  • Method
  • Product
  • Therapy

By Method

  • Follicular unit extraction (FUE)
  • Follicular unit transplantation (FUT)

By Product

  • Gel
  • Serum
  • Drugs
    • Finasteride
    • Minoxidil
  • Others

By Therapy

  • Platelet rich plasma
  • Stem cell therapy
  • Laser therapy
  • Others

By Gender

  • Male
  • Female

By Service Provider

  • Hospitals
  • Clinics
  • Surgical centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Turkey
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

Hair transplantation is a surgical technique that includes removal of hair follicles from the ‘donor site’ to a bald area of the head. This procedure is majorly used to treat male pattern baldness.
Rise in number of public and private clinics offering varied and economical solutions for hair loss problems are key driving factors for the growth of European hair transplant industry outlook.
FUE hair transplant business is set to achieve over 28% CAGR up to 2025, according to a new report published by Global Market Insights,Inc.

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