Hair Transplant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Hair Transplant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : June, 2020 | Medical Devices | PPT format

Report Digest

Global Hair Transplant Market: Overview

The global hair transplant market is forecasted to be driven by the growing number of people suffering from hair loss or hair thinning problem. An emerging pattern of baldness amongst both women and men has augmented the demand for hair transplant surgery in the last few years.

Transplantation of hair refers to a surgical procedure comprising removal of hair follicles from the donor site and then planting it in the balding area of the head. Rising incidences of various causative factors like stress, hormonal imbalance, stress, and augmented fixation about one’s physical appearance is likely to boost the global hair transplant market.

The global hair transplant market has been segmented based on market, method, product, therapy, gender, service provider, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global Hair Transplant Market: Notable Developments

The global hair transplant market is witness to many developments in the field in the last few years. These market developments indicate a trend in the global hair transplant market. One such development of the market is mentioned below:

  • In May 2019, BioGraft , a new technology in hair loss solutions, was launched by Bosley Inc. and Hair Club. This new technology meets the needs of both women and men. It blends both non-surgical solution for hair loss, Xtrands+ and Follicular Unit Extraction (FUE), advanced surgical hair restoration technique.

Some of the key market players of the global hair transplant market are

  • Bosley Inc.
  • L'Oreal SA
  • Hair Transplant Center Turkey
  • Allergan plc
  • Restoration Robotics, Inc.
  • Venus Concept

Global Hair Transplant Market: Growth Drivers

Rise in the Incidences of Alopecia to Bolster Demand in the Market

Hair transplant has come up as a popular way or solution for hair thinning and balding problems. It has garnered commercial interest as well.  According to the findings of California-based National Alopecia Areata Foundation, nearly 6.8 million people in the US and around 147 million people worldwide already suffer from alopecia areata or will suffer from the same at some point of time in their lives. The global hair transplant market is likely to grow rapidly on the back of the rising incidences of alopecia. The medical term for hair thinning or balding is called alopecia.

In addition to stress, other factors that cause these problems are deterioration in the quality of water, genetics, illness, side effects of certain medications, and aging. As the number of people suffering from alopecia rises, the scope for the global hair transplant market is likely to widen over the tenure of assessment. In addition, growing fixation over physical appearance is another factor that is estimated to encourage the growth of global hair transplant market in forthcoming years.

Global Hair Transplant Market: Regional Outlook

The global hair transplant market is split into the leading regions of North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Considering geographical segmentation, it is estimated North America is likely dominate the market in the years to come. Increased media and celebrity influence together with augmented awareness about one’s physical appearance is likely to encourage growth of the market over the tenure of assessment.

North America hair transplant market is also driven by the high income of the people in the region, which makes hair transplant an affordable solution for hair thinning and balding.

The global hair transplant market is segmented as:

By Market

  • Method
  • Product
  • Therapy

By Method

  • Follicular unit extraction (FUE)
  • Follicular unit transplantation (FUT)

By Product

  • Gel
  • Serum
  • Drugs

By Therapy

  • Platelet rich plasma
  • Stem cell therapy
  • Laser therapy

By Gender

  • Male
  • Female

By Service Provider

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.