Hair Transplant Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Hair transplants Market

The hair transplant market size was valued at USD 5.94 billion in 2018, and the market is now projected tgrow tUSD 141.88 billion by 2032, exhibiting a CAGR of 25.2% during the forecast period of 2019-2026.

Covid-19 restrictions which include shutdowns of clinics and delays in the receipt of elective procedures meant that there were reduced numbers of procedures tperform and therefore lowered revenues. Also, certain economic factors such as economic instability and changes in consumer interest distressed demand. Still, the market experienced a relapse because clinics learned twork under stricter sanitary conditions and pre-op consultations went online. Since people are more conscious about their looks, and the COVID situation is less stringent now, the sector has begun tbounce back from its pandemic slump. This led tthe boost in hair transplant market growth.

Due tthe continuous innovations in the hair transplantation market, almost all male and female with alopecia condition can now be treated through the above transplantation procedures. This achievement of the market has extended the patient base of the market. Again, in the present context of the developing economies because of increase in per capita income, both the genders are predominantly incorporating aesthetic procedures. Such a situation has promoted the development of the hair restoration market in recent years. In addition, using Kaya Limited’s survey feedbacks, there is a great market prospect in India since the per capita income has increased, and the middle class is more upward mobile. Therefore, based on the above said points, there is a prospect of wide expansion of hair restoration market in the forecast period. These factors drive the hair transplant market share.

With the invention of robotic hair transplantation, there have been advancement not only in technology. Top clinics and transplantation centres are trying in investing efforts tenhance the level of sophistication of the technique in order tgive out proper therapeutic results. These activities are helping the market tgrow ta far greater extent. The 9x ARTAS is faster and far more accurate than the earlier model of ARTAS proven tbe highly functional. It has alsbeen done together with Artificial Intelligence (AI) tboost efficiency of the system and alsincrease system competency. If implemented such technologies in the field of hair restoration would enhance the business opportunity, by attracting more patients and in turn generating a higher revenue during the projected period.

Comprehensive Analysis of Hair transplants Market

The hair transplants market is responding quite an unprecedented rate of growth because of its market segmentation. This indicators growth in different regions by substituting the major forces of supply and demand which define the shape of local pharmacy benefit management market. Therefore, they are logically divided int3 Segments, By Type Analysis, By Gender Analysis and By End-User analysis. Depending on the type the market is split intthe following: Surgical and Non-Surgical. Again, the non-surgical segment held the largest market value and market share in the global market in 2018. The restoration procedure which does not require operation is more beneficial than the process mentioned above as a result of its side effects and the short-term effects of the procedure. According tthe gender segmentation, the market is further divided intmale market and female market. In the year 2018, the male segment had a major influence in the global market. This incidence is as a result of the rising number of operations that male individuals all over the world gthrough. The consumption of surgeries by the male sector of the population is higher due talopecia that is present in 60% of males rather than females. By the end-user’s perspective, the global market is segmented inthospitals and clinics, and hair transplant centres. Looking at the regional markets, the hospitals & clinics segment was leading the market in 2018. The dominance is as a result taspects such as increased spending on the infrastructures management and increasing population’s demand for surgeries in clinic and hospitals.

The Asia Pacific region was valued at USD 1.88 billion in 2018. The main reason is the highest number of transplantation surgeries of hair, which are experienced in the region. As stated by many researchers in their carried-out studies, the population in Asia Pacific region had higher incidences and risks of alopecia. This has made the region a possible market for the investors. Also, the type of surgeries done in the area has created generation of more revenue hence the domination.

Venus Concept (Canada), Bernstein Medical (U.S.), Follica (U.S.), Bosley - Hair Restoration & Transplant (U.S.), and Dr. Batra's (India) are significant players in the medical devices market. They are the key player that ensures the industry's success while still having tkeep pace with their innovation in product and services. They offer a competitive zone that incites the growth of technologies and quality assurance. They operate on a global scale and have a wide range of product lines ensuring that the market players compete on a fair playing field bringing in innovations that result in the market's evolution.

In April 2021, Experts at the American Academy of Dermatology’s virtual meeting said that there are advances in medical treatment that can regress hair loss and enhance hair growth with the help of new classes of lasers and futuristic hair replacement methods including robotics. Techniques of transplant in hair restoration therapy have been transformed from the large plugs tfollicular units that enable the surgeons tprovide natural hair therapy.

Segmentation Table

ATTRIBUTE - DETAILS

Study Period - 2015-2026

Base Year - 2018

Forecast Period - 2019-2026

Historical Period - 2015-2017

Unit - Value (USD billion)

Segmentation By Type

• Surgical
• Non-surgical

By Gender

• Male
• Female

By End User

• Hospitals & Clinics
• Hair Transplant Centers

By Geography

• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
• Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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