Hair Transplant Market

Hair Transplant Market Size

Hair Transplant Market size reached USD 5 billion in 2022 and is likely to grow at a 21% CAGR during 2023-2032. Increasing number of people suffering from hair loss is fostering market growth.

An increasing number of people are predicted to experience hair loss in recent years, which will increase market potential. In the common disease known as alopecia areata, the immune system attacks the hair follicles and results in hair loss. This medical issue has been linked to a lower quality of life, poorer work performance, and low self-esteem. Numerous studies have also confirmed the association between hair loss and a number of long-term psychiatric disorders, including depression, anxiety, and substance abuse.

The lack of reimbursement guidelines for hair transplant procedures may restrain hair transplant market expansion. Most patients who seek hair transplants are unable to afford them due to the high expense of hair loss treatment in some nations. Additionally, hair transplant surgery and other permanent hair replacement procedures are not eligible for reimbursement and are not covered by health insurance policies since hair loss treatments are carried out for cosmetic reasons and are therefore categorized as elective surgeries.

Hair Transplant Market Analysis

The follicular unit extraction (FUE) technique held more than 61% share of the hair transplant market in 2022. Patients who require several hair grafts are advised to use the FUE procedure because of its significantly better yield. Furthermore, follicular unit extraction requires a brief surgical procedure and is thought to be more economical, which may further accelerate segmental progress. The adoption of cutting-edge technologies is also boosting the popularity of this hair transplant method. The use of advanced equipment accelerates the process speed and efficiency while producing superior results.

The male gender segment accounted for more than 79% share of the hair transplant market in 2022. The main reasons influencing the industry landscape are the technological advancements in hair loss treatment that guarantee better patient convenience & higher success rate. With the growing awareness regarding the merits of hair transplant procedures, along with a high patient satisfaction rate post-procedure, the rise for these techniques among the male patient population is slated to increase.

The enormous target addressable market for males who experience hair loss is also expected to fuel industry scenario.

Hair transplant market value from the clinics segment is poised to cross USD 25 billion by 2032. The increasing desire for less invasive procedures, the progress in clinics, and patient preferences, among others are substantial contributors to this revenue. Clinics also place a strong emphasis on enhancing and accelerating post-procedural recovery and offering affordable, high-quality services. Additionally, specialty clinics that treat Alopecia areata patients and offer affordable hair restoration procedures are having a positive impact on hair transplant industry outlook.

Europe hair transplant market size will grow over USD 12 billion by 2032, attributed to the increasing awareness of hair transplantation methods using cutting-edge medical technology across the region. The presence of well-established healthcare infrastructure, higher disposable incomes, and an increasing need to provide quick and affordable services to patients in remote locations is influencing Europe hair transplant industry trends. Several service providers are also focusing on finalizing plans for European expansion, which will foster regional industry progression.

Key Hair Transplant Market Share

Cell Plus Therapy Bangkok Hair Clinic:

• Bosley
• Elit International Clinic
• Hairline International Hair and Skin Clinic
• Hair Transplants of Florida
• ILHT Dubai
• Acibadem Healthcare Group
• MAXIM Hair Restoration
• Bernstein Medical
• Hair Transplant Center Turkey
• Limmer Hair Transplant Center
• Nova Medical

are a few examples of companies operating in the hair transplant industry.

Hair Transplant Industry News

• February 2023 - With more than 120 HairClub Centers across North America and Puerto Rico, HairClub announced that it would be expanding its geographic reach and opening a new facility in Wildwood, Florida. The company's customer base and revenue both increased as a result of this expansion plan.
  

Hair transplant market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032, for the following segments:

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By Technique

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

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
  • Geany
  • UK
  • France
  • Spain
  • Italy
  • Turkey
  • Poland
  • Hungary
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
  • Malaysia
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Iran
  • Israel