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 : May, 2021 | Medical Devices

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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?