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, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI2810  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 246   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

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.
 

Hair Transplant Market

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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.
 

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.
 

Rising lifestyle alterations across the globe will drive the hair transplant market growth

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.
 

Growing demand for hair transplant method to influence the market value

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.
 

Hair Transplant Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 8.1 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 25.8% 2026 Value Projection: USD 40 Billion
Pages: 246 Tables, Charts & Figures: 415
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: Market, Method, Product, Therapy, Gender, Service Provider
Companies covered (16): Allergan Plc., Bernstein Medical, Bosley, GETFUE Hair Clinics Ltd., Hair Restoration BlackRock HRBR, HairClub, Venus Concept (NeoGraft), Hairline International Hair and Skin Clinic, Acibadem Healthcare Group, Hair Transplant Centre Turkey, Hair Transplants of Florida, ILHT Dubai, Limmer Hair Transplant Centre, L’Oreal SA, Lumenis, Cole Instruments 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 developing regions of Asia Pacific
  • Technological advancements in North America and Europe
  • Changing lifestyle of people across the globe
Pitfalls & Challenges:
  • Adverse drug side effects
  • Cost of treatment
  • Lack of reimbursement policies and insurance coverage

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Rising adoption of follicular unit extraction (FUE) will spur the market expansion

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.
 

Increasing demand and preference for minoxidil drugs

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.
 

Several advantages offered by platelet rich plasma (PRP) therapy will impact the market size

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.
 

Rising cases of male pattern baldness is projected to augment the market demand

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.
 

Cost-effectiveness and economical outreach will spur the demand for hair transplant in clinics

Global Hair Transplant Market

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 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.
 

Increasing number of people with hair loss will influence the regional growth

Global Hair Transplant Market Regional Insights

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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.
 

Implementing several strategic initiatives by major companies will boost the market share

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.
 

Recent industry developments:

  • In May 2019, Hair Club and Bosley mutually announced the launch of BioGraft. The advance development blends surgical & nonsurgical hair restoration for a remarkable transformation. This new product launch helped in expanding its hair transplant product portfolio. The company invests vigorously in R&D to develop technologically advanced products.
     
  • In Feb 2018, Venus Concept Ltd., an innovative & privately held global aesthetic technology player, announced acquisition of NeoGraft Solutions’ hair restoration business (NeoGraft). The acquisition was aimed to expand the customer base of the company.
     

This market research report on hair transplant includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:
 

Market, By Market

  • Hair Transplant Method
  • Hair Transplant Product
  • Hair Transplant Therapy

Market, By Method

  • Follicular Unit Extraction (FUE)
  • Follicular Unit Transplantation (FUT)

Market, By Product

  • Gel
  • Serum
  • Drugs
    • Finasteride
    • Minoxidil
    • Others
  • Multi vitamins
  • Others

Market, By Therapy

  • PRP
  • Stem cell therapy
  • Laser therapy
  • Others

Market, By Gender

  • Male
  • Female

Market, 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
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
       

Frequently Asked Questions (FAQ) :

The global hair transplant industry share accounted for around USD 8.1 billion in 2019. The rising prevalence of chronic diseases like hypothyroidism, hyperthyroidism, lupus, cancer, stress disorder, etc. will enable the market to grow at 25.8% CAGR through 2026.
In 2019, the follicular unit extraction method surpassed USD 3.2 billion. The segment is expected to witness substantial growth due to the rising number of alopecia cases and the growing aging population.
With the growing demand for minoxidil drugs, the global hair transplant industry size is expected to grow at 25.5% through 2026.
U.S. dominated the North America hair transplant market in 2019 with more than USD 2.6 billion revenue and is expected to witness substantial growth in the coming years.

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Premium Report Details

  • Published Date: Oct 2020
  • Pages: 246
  • Tables: 395
  • Charts / Figures: 20
  • Companies covered: 16
  • Countries covered: 18

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