Hair Transplant Market size to exceed $31bn by 2025

Hair Transplant Market size is set to exceed USD 31 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Growing incidence of pattern baldness in men along with rising number of people suffering from conditions including Alopecia areata will stimulate industry demand for hair transplant products over the coming years. Furthermore, rising occurrence of causative factors such as stress, high dose of medications, hormonal changes, malnutrition resulting in hair thinning will positively impact the market growth.

 

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Technological advancements in hair transplant procedure will accelerate the adoption rate

Hair transplant industry share has witnessed numerous advancements over the recent years. Growing market demand for superior products coupled with rising investment in research and development by leading market players will provide lucrative market opportunities in the future. Development of advanced techniques including the follicular unit extraction (FUE) technique that reduces damage caused to the follicular units during extraction will fuel the market outlook.
 

Rising number of people suffering from hair loss problems will act as high impact rendering factor for industry growth

Global Hair Transplant Market Forecasts, 2018 & 2025 (USD Million)
Global Hair Transplant Market Forecasts, 2018 & 2025 (USD Million)

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People suffering from various hair loss conditions such as hair thinning, hereditary hair loss opt for hair transplant treatment. Moreover, growing obsession for physical appearance and rising disposable income will increase the adoption rate of hair transplant products. The two most common procedures for hair transplant are follicular unit extraction and follicular unit transplantation. Follicular unit transplantation segment will witness considerable market growth during the forecast period to reach USD 7.4 billion by 2025 owing to its higher yield and cost-effective nature as compared to follicular unit extraction.
 

Browse key industry insights spread across 160 pages with 205 market data tables & 9 figures & charts from the report, Hair Transplant Market Share 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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hair-transplant-market
 

Increasing awareness about hair transplant will be the major industry growth driver

Product type segment for hair transplant market includes gel, serum, drugs, multivitamins and others. The gel segment is projected to grow by 25.1% during the forecast years owing to its aesthetic appeal and convenience in application. Introduction of innovative and better products providing both hair regrowth and styling will decrease hair loss, fueling the segment growth over the coming years.
 

Based on therapy, the industry is segmented into PRP, stem cell therapy, laser therapy and others. Stem cell therapy market outlook is estimated to witness significant growth over the coming years to reach USD 769.5 million by 2025. The stem cell therapy was developed in order to reduce the adverse effects of hair transplant treatment drugs. As per the International Society of Hair Restoration Surgery (ISHRS), more than 53% of the clinicians are in favor of development of stem cell therapy owing to various side effects of the currently approved drugs. Aforementioned factors will lead to segmental growth.
 

Hair transplant procedure is generally performed on men suffering from pattern baldness, women with thinning hair and victims of severe burn or scalp injury. Factors such as stress, hormonal changes, malnutrition, high dose medications lead to hair loss. Rising prevalence of such causative factors coupled with technological advancements will drive market growth over the projected timeframe.
 

Hospitals, clinics, surgical centers and others are the service providers of hair transplant procedure. Hospitals segment is anticipated to witness considerable growth during the forecast period to reach USD 2.6 billion by 2025. Increasing awareness about hair transplant treatment along with availability of technologically advanced equipment in the hospitals will drive the segmental market outlook.
 

High success rate of hair transplant surgery in the U.S. will spur the demand

Rise in number of hair transplant surgeries including follicular unit transplantation (FUT) and follicular unit extraction (FUE) coupled with high success rate of treatment will drive the U.S. hair transplant market demand. According to the American Academy of Dermatology, hereditary hair loss is the one of the most common causes of hair loss that affects approximately 80 million people in the country. Thus, increasing incidence of hereditary-pattern baldness will escalate the market adoption in the country.
 

Leading companies are adopting several business strategies to capture significant industry share

Allergan, Bosley, L'Oreal SA, Hair Club are some the major market players operating in the industry. These companies are adopting various strategies including acquisition, merger, strategic collaboration to acquire significant market share as well as consolidate their market position. For instance, In May 2019, Aderans entered into strategic partnership with Hair Club and Bosley to launch BioGraft. BioGraft a combination of surgical and nonsurgical hair restoration techniques to offer natural-looking results to the patients.
 

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