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Hair Restoration Services Market by Service Type, Gender, and Service Provider: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4844574
  • Report
  • July 2019
  • Region: Global
  • 245 pages
  • Allied Analytics LLP
The global hair restoration services market was valued at $8,452.5 million in 2018, and is projected to reach $12,119.4 million by 2026, growing at a CAGR of 4.6% from 2019 to 2026. Rise in bald population around the globe has been a major driving factor of the global hair restoration services market.



The global hair restoration services market is segmented based on service type, gender, service provider, and region. On the basis of service type, the market is categorized into follicular unit extraction, follicular unit transplantation, laser treatment, follicular unit strip surgery, and others. In terms of gender, the market is fragmented into male and female. By service provider, it is segregated into hospitals, clinics, and surgery center.

Over the past couple of years, hair loss has been a rising concern in some of the major parts of the world, specifically in North America, Europe, and Asia-Pacific. As per AMR sources, nearly 50 million men and 30 million women in the U.S. suffer from hair loss. In Europe, Czech Republic has the highest number of bald individuals, with the male population accounting for more than 50%. Similarly, in India, majority of male population especially in their 20s have been tackling with baldness issue. With rise in concern over hair loss, consumer seek for relevant solution or treatment on a long-term basis. This one factor has led to increase in demand for hair restoration services.

Over the last one decade, hair restoration services have evolved in terms of technology and efficiency. Several key hair restoration service providers have been strategizing on evolving and improvising their services, which has resulted increased customer demand for upgraded version of several hair restoration solutions, specifically follicular unit extraction and follicular unit transplantation.

Many hair restoration patients subject themselves to unnecessary risk, and in some cases, permanent harm, by unknowingly having their procedures done by unlicensed techs who illegally perform surgery, rather than licensed and appropriately experienced professionals. The rogue clinics that facilitate illegal practices have created an expanding black-market hair transplant. Patients around the world are suffering from the unlawful actions of these clinics, which could significantly impair the entire hair transplant industry.

According to the U.S. Census Bureau, millennials are on the verge of surpassing baby boomers in the country. Similarly, in Asia-Pacific, millennials account for a larger population, especially in countries such as China, India, and Australia as compared to other population groups. Moreover, of hair loss concerns have been high among the millennials, specifically in North America and Europe. Hence, they consider hair restoration services as a solution on a long-term basis. Thus, rise in millennial population is antedated to provide immense opportunity for hair restoration services, in terms of value sales.

Key players profiled in the report include Direct Hair Implantation International, iGrow Laser, Bosley Inc., Elite Hair Restoration, National Hair Centers, NeoGraft, Lexington Intl., LLC, Bernstein Medical, Cole Hair Transplant Group, and others.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging trends and opportunities in the global hair restoration services market.
  • The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help to evaluate the prevailing market opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS

By Service Type
  • Follicular Unit Extraction
  • Follicular Unit Transplantation
  • Laser Treatment
  • Follicular Unit Strip Surgery
  • Others
By Gender
  • Male
  • Female
By Service Provider
  • Hospital
  • Clinic
  • Surgery Center
By Region
  • North America
o U.S.
o Canada
o Mexico
  • Europe
o UK
o Germany
o France
o Italy
o Spain
o Russia
o Rest of Europe
  • Asia-Pacific
o China
o India
o Japan
o Australia and New Zealand
o Rest of Asia-Pacific
  • LAMEA
o Latin America
o Middle East
o Africa
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top impacting factors
2.1.2. Top investment pockets
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Parent/Peer Market Overview (2017-18)
3.3. Frequency of Bald Population
3.4. Pricing Analysis
3.4.1. Pricing Analysis of Hair Restoration Services, By Region, 2018& 2026
3.5. Market evolution/ Industry roadmap
3.6. Case Study
3.6.1. Case Study on Restoration Robotics Inc.
3.7. Market dynamics
3.7.1. Drivers
3.7.1.1. Surge in number of bald populations
3.7.1.2. Rise in number of beauty-conscious customers
3.7.1.3. Availability of efficient services
3.7.2. Restraints
3.7.2.1. Forgery in services
3.7.2.2. Lower penetration in untapped market
3.7.3. Opportunities
3.7.3.1. Premiumization trend provide immense opportunity
3.7.3.2. Rise in number of millennial populations

CHAPTER 4: HAIR RESTORATION SERVICES MARKET, BY SERVICE TYPE
4.1. Overview
4.2. Follicular Unit Extraction
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Follicular Unit Transplantation
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Laser Treatment
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. Follicular Unit Strip Surgery
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country
4.6. Others
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis by country

CHAPTER 5: HAIR RESTORATION SERVICES MARKET, BY GENDER
5.1. Overview
5.2. Male
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Female
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

CHAPTER 6: HAIR RESTORATION SERVICES MARKET, BY SERVICE PROVIDER
6.1. Overview
6.2. Hospitals
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. Clinics
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
6.4. Surgical Centers
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country

CHAPTER 7: HAIR RESTORATION SERVICES MARKET, BY REGION
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by Service Type
7.2.3. Market size and forecast, by Gender
7.2.4. Market size and forecast, by Service Provider
7.2.5. Market analysis by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Service Type
7.2.5.1.2. Market size and forecast, by Gender
7.2.5.1.3. Market size and forecast, by Service Provider
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Service Type
7.2.5.2.2. Market size and forecast, by Gender
7.2.5.2.3. Market size and forecast, by Service Provider
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Service Type
7.2.5.3.2. Market size and forecast, by Gender
7.2.5.3.3. Market size and forecast, by Service Provider
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by Service Type
7.3.3. Market size and forecast, by Gender
7.3.4. Market size and forecast, by Service Provider
7.3.5. Market analysis by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by Service Type
7.3.5.1.2. Market size and forecast, by Gender
7.3.5.1.3. Market size and forecast, by Service Provider
7.3.5.2. France
7.3.5.2.1. Market size and forecast, by Service Type
7.3.5.2.2. Market size and forecast, by Gender
7.3.5.2.3. Market size and forecast, by Service Provider
7.3.5.3. UK
7.3.5.3.1. Market size and forecast, by Service Type
7.3.5.3.2. Market size and forecast, by Gender
7.3.5.3.3. Market size and forecast, by Service Provider
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by Service Type
7.3.5.4.2. Market size and forecast, by Gender
7.3.5.4.3. Market size and forecast, by Service Provider
7.3.5.5. Spain
7.3.5.5.1. Market size and forecast, by Service Type
7.3.5.5.2. Market size and forecast, by Gender
7.3.5.5.3. Market size and forecast, by Service Provider
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by Service Type
7.3.5.6.2. Market size and forecast, by Gender
7.3.5.6.3. Market size and forecast, by Service Provider
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by Service Type
7.4.3. Market size and forecast, by Gender
7.4.4. Market size and forecast, by Service Provider.
7.4.4.1. China
7.4.4.1.1. Market size and forecast, by Service Type
7.4.4.1.2. Market size and forecast, by Gender
7.4.4.1.3. Market size and forecast, by Service Provider
7.4.4.2. India
7.4.4.2.1. Market size and forecast, by Service Type
7.4.4.2.2. Market size and forecast, by Gender
7.4.4.2.3. Market size and forecast, by Service Provider
7.4.4.3. Australia
7.4.4.3.1. Market size and forecast, by Service Type
7.4.4.3.2. Market size and forecast, by Gender
7.4.4.3.3. Market size and forecast, by Service Provider
7.4.4.4. New Zealand
7.4.4.4.1. Market size and forecast, by Service Type
7.4.4.4.2. Market size and forecast, by Gender
7.4.4.4.3. Market size and forecast, by Service Provider
7.4.4.5. Rest of Asia-Pacific
7.4.4.5.1. Market size and forecast, by Service Type
7.4.4.5.2. Market size and forecast, by Gender
7.4.4.5.3. Market size and forecast, by Service Provider
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by Service Type
7.5.3. Market size and forecast, by Gender
7.5.4. Market size and forecast, by Service Provider
7.5.4.1. Latin America
7.5.4.1.1. Market size and forecast, by Service Type
7.5.4.1.2. Market size and forecast, by Gender
7.5.4.1.3. Market size and forecast, by Service Provider
7.5.4.2. Middle East
7.5.4.2.1. Market size and forecast, by Service Type
7.5.4.2.2. Market size and forecast, by Gender
7.5.4.2.3. Market size and forecast, by Service Provider
7.5.4.3. Africa
7.5.4.3.1. Market size and forecast, by Service Type
7.5.4.3.2. Market size and forecast, by Gender
7.5.4.3.3. Market size and forecast, by Service Provider
Note: Product cover images may vary from those shown
According to the report titled,'Hair Restoration Services Market by Service Type, Gender, and Service Provider: Global Opportunity Analysis and Industry Forecast, 2019 - 2026,' the global hair restoration services market size was valued at $8,452.5 million in 2018, and is projected to reach $12,119.4 million by 2026, growing at a CAGR of 4.6% from 2019 to 2026. In 2017, North America accounted for nearly 35.19% share of the hair restoration services market.

According to the National Alopecia Areata Foundation (NAAF), in 2017, 6.8 million people in the U.S. were affected by alopecia. Alopecia is a common autoimmune skin disease that cause hair loss on the scalp, face, and sometimes on the other areas of the body. Similarly, in Europe, baldness has been a common issue among its population. Countries such as Czech Republic, UK, Spain, and Germany have higher number of bald people. This has resulted in rise in number of clinical institutions and hospitals for hair loss treatment in Europe and North America. As per the International Society of Hair Restoration, nearly 33,194 surgeries were carried out annually in 2015 in Europe.

Men and women experience hair loss differently. Men may begin gradually losing their hair as early as their teens, typically from the hairline and the crown of the head. Women may have noticeable hair loss at age 40 or later, with generalized thinning over the scalp, and particularly at the crown. Among the two, men have reported to have higher number of hair loss problem as compared to women. Follicular unit extraction (FUE) and follicular unit transplantation (FUT) are the two major types of hair restoration treatments that have been gaining popularity. Some of the key service providers such as Direct Hair Implantation International and Elite Hair Restoration effectively promote these two treatments among their target customers.

Increase in celebrity influence, persistent self-consciousness about facial appearance, societal influence to grow thicker hair, are some the key factors that boost the demand for hair care solutions such as hair restoration services. Furthermore, rise in need to maintain hair condition among beauty-conscious customers serves as a key factor for the adoption of hair restoration services industry.

Furthermore, increase in number of netizens and rise in penetration of internet are other factors that supplement the growth of the hair restoration services market. Most of the key players in the hair restoration services market strategize on promoting their products and services on social media platforms. Thus, through social media marketing strategy, global hair restoration services market analysis sights critical opportunity in gaining traction, and eventually increase their registration among target consumers

Key Findings of the Hair Restoration Services Market:

In 2018, based on service type, the follicular unit extraction segment accounted for around 34.3% hair restoration services market share, growing at a CAGR of 4.2% from 2019 to 2026.
In 2018, by gender, the male segment accounted for 64.3% share of the hair restoration services market, and is expected to growth at the highest CAGR of 4.4%.
In 2018, region wise, North America accounted for a prominent market share, and is anticipated to grow at a CAGR of 35.19% throughout the hair restoration market forecast.

Key players profiled in the report include Direct Hair Implantation International, iGrow Laser, Bosley Inc., Elite Hair Restoration, National Hair Centers, NeoGraft, Lexington Intl., LLC, Bernstein Medical, and Cole Hair Transplant Group.
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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