Hair Transplant Market - By Technique (Follicular Unit Extraction, Follicular Unit Transplantation), By Gender (Male, Female), By Service Provider (Hospitals, Clinics, Surgical Centers) & forecast, 2023-2032

Hair Transplant Market - By Technique (Follicular Unit Extraction, Follicular Unit Transplantation), By Gender (Male, Female), By Service Provider (Hospitals, Clinics, Surgical Centers) & forecast, 2023-2032

Global Hair Transplant Market will grow considerably from 2023 to 2032 owing to the rising inclination toward minimally invasive procedures. In addition, an increased consciousness among people with respect to enhancements in physical appearance is likely to accelerate business growth in the upcoming years.

Growth in multiculturalism and adoption of Westernized culture have promoted several beauty standards driving consumer awareness regarding personal health and wellness. As per surveys, the increasing disposable income and a growing focus on personal appearance are promoting the hair transplant business & generating demand for the surgery that will favor the market dynamics in the long run.

The top industry players are investing in new product lines and engaging in strategic mergers with service providers to stay ahead of their competitors. For instance, in September 2022, Vera Clinic partnered with Everton FC, a premier league club as its official hair transplant partner. This alliance will aid in expanding the company’s business across various industries.

The hair transplant market is segregated based on technique, gender, service provider, and region.

With respect to technique, the industry is classified into follicular unit extraction (FUE) and follicular hair transplantation (FUT). The FUT segment is set to amass substantial gains by 2032, owing to several benefits of follicular hair transplantation, including a natural look, higher success rate, minimally invasive approach, and many more. These can help restore natural-looking hair growth by transplanting follicular units from the donor area with genetic hair loss resistant to hair loss.

From the gender perspective, the hair transplant market share from the female segment could witness remarkable growth over 2023-2032, driven by the increasing beauty consciousness, social media influence, and the desire for self-satisfaction among women. As per the hair loss statistics, around 21 million women suffer from alopecia or hair loss. Furthermore, social upbringing, peer factors, and personality characteristics drive women toward hair transplant procedures.

The hair transplant market size from the hospitals segment is primed to expand at more than 20.5% CAGR from 2023 to 2032. Hospital settings ensure the availability of cutting-edge hair transplant techniques leading to patient preference for hospitals. An increasing number of patients undergoing hair loss treatment across these establishments, coupled with growing awareness regarding cosmetic procedures, and the availability of highly qualified healthcare professionals, will complement segment progression.

In the regional context, the Asia Pacific hair transplant market exceeded USD 1.3 billion in 2022. The increasing geriatric population in countries such as Japan, China, and India and the rising incidence rate of hair loss are fueling product adoption. Moreover, the use of innovative hair restoration therapies, attributed to the evolving technological landscape will aid in augmenting the regional market growth.