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Hair Transplant Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 130 Pages
  • February 2023
  • Region: Global
  • Renub Research
  • ID: 5740676

The Hair Restoration Market World over was worth US$ 17.75 Billion in 2022

Global Hair Transplant Market is expected to reach US$ 53.17 Billion by 2028, according to the publisher. The hair transplant industry is a developing and a attractive sector, driven by rising demand for cosmetic surgeries to enhance looks and self-esteem. Advances in surgical procedures and instruments, as well as increased public knowledge of the process, have all contributed to the industry's expansion in recent years. For example, the International Society of Hair Restoration Surgery (ISHRS) predicts that 2,221,191 hair restoration treatments would be conducted worldwide in 2021, with hair restoration procedures increasing by 7% globally between 2019 and 2021.

Hair Transplant Growth Trends appears to grow with a double-digit CAGR of 23.84% during 2022-2028

Furthermore, the increasing frequency of chronic diseases like cancer, hyperthyroidism, and hypothyroidism causes hair loss, which drives market expansion. Increased usage of chemotherapies, which causes hair loss and increases demand for hair transplant surgery. The market is growing because to an increase in the number of product approvals and product launches for hair transplantation procedures. However, the sector confronts a number of obstacles, including a lack of standardization and regulation, as well as the possibility of substandard outcomes from unskilled or unlicensed practitioners. As a result, patients considering hair transplant surgeries should do their homework and select a trained and recognized surgeon to achieve the best potential results. For the year 2022, Hair Restoration Market World over was worth US$ 17.75 Billion.

Increasing Surgeries at Hospitals and Clinics to Aid Market Share

Hair transplants can be done in a variety of settings, including hospitals, clinics, surgical centres, and other facilities. Clinics that perform hair transplant surgeries may also provide additional hair loss therapies such as topical and oral medicines, laser therapy, and scalp micropigmentation. Patients must conduct research and select a reputed and competent clinic for their hair transplant process. Look for clinics that have a trained medical staff, employ established treatments, and have a track record of favourable results.

Overall, the hair transplant market in Clinics is expanding, fueled by rising demand for hair restoration surgeries and technological developments. For example, HHC (Hermest Hair Clinic) established a cost-effective and innovative follicular unit extraction (FUE) technique service for hair transplants in Turkey in April 2022. Such innovations are expected to drive market expansion over the study period.

Hair transplant treatments are often conducted in hospitals as part of a bigger medical centre that provides a full range of medical services and resources. Emergency services are frequently offered in hospitals, which can give an additional degree of protection for individuals having hair transplant surgeries. The hospitals segment is predicted to grow significantly during the hair transplant market projection period, owing to the availability of various hair transplant procedures and an increase in government investment to strengthen the healthcare sector.

The Increasing use of Follicular Unit Extraction (FUE) will Drive Market Growth

To restore hair in bald areas, several hair transplantation techniques such as follicular unit transplantation (FUT) and follicular unit extraction (FUE) are undertaken. Hair transplantation is most typically used to treat male pattern baldness, but it can also be used to treat female hair loss and balding. FUE is a popular hair restoration method because it has numerous advantages over traditional hair transplant procedures, such as less invasiveness, more natural-looking outcomes, a quicker recovery period, and a high degree of customisation. These elements are propelling FUE's popularity and ensuring its continuing expansion as a hair restoration procedure.

For many years, FUT has been a popular hair restoration method, and it remains a viable alternative for people seeking hair restoration. FUT is a well-established hair restoration procedure that is anticipated to flourish and grow in popularity in the next years, especially as technology advances and people become more aware of their alternatives. However, it is critical to select a trained and experienced practitioner for any hair restoration surgery, as the outcomes might vary widely depending on the practitioner's abilities and knowledge.

The Growing Number of Persons Experiencing Hair Loss will have an Impact on Regional Growth

North America, Europe, and Asia Pacific are among the most populous and fastest-growing markets for hair transplant treatments, owing to reasons such as ageing populations, rising disposable incomes, and increased knowledge of the process. Hair transplant market growth is being driven by an increase in the number of operations performed in the United States. According to the American Society of Plastic Surgery (ASPS), 24,348 hair transplantation surgeries were conducted in the United States in 2019.

Furthermore, a growth in physical appearance awareness among Europeans, as well as an increase in the number of people suffering from baldness, increases the need for hair transplant procedures. According to the New Look Institute, a hair restoration facility, in 2021, around 39.24% of the male population in France will be bald.

Emerging Asian countries are focusing on the development of superior healthcare facilities while reducing prices and medical tourism. Istanbul has become the Global Hair Transplant Capital. Turkish health institutions and physicians specialized in this topic have become a global phenomenon in recent years.

During the Projection Period, Platelet Rich Plasma Treatment is Predicted to Increase at a Faster CAGR

The market is divided into three segments based on therapy: low level laser therapy, stem cell hair restoration, and platelet rich plasma. Platelet-rich plasma therapy techniques in hair loss treatment are rapidly expanding, which is projected to enhance demand for platelet-rich plasma (PRP) therapy. Due to its non-surgical and minimally invasive nature, Platelet Rich Plasma (PRP) therapy for hair loss has grown in popularity in recent years. Rising popularity and efficacy of PRP therapy is projected to recover with minimum scarring following transplantation, leading in increased demand for platelet-rich plasma therapy throughout the projection period.

Stem cell hair restoration treatment is a novel and rapidly developing topic in the hair transplant business. Despite these emerging trends, stem cell hair restoration therapy is still in its infancy, and more study is required to properly understand its efficacy and long-term effects. Furthermore, not all clinics offering stem cell hair restoration therapy have the requisite experience and technology, so selecting a recognised and competent facility for treatment is critical.

Drug Product holds Majority of the Market Share

The hair transplant market is divided into gel, serum, medicines, multivitamins, and others based on product. The medication hair transplant market is continually growing, with new products and treatments being created on a regular basis. Minoxidil and finasteride are two regularly used drugs for the treatment of hair loss. Minoxidil is a topical drug that is readily accessible without a prescription and is used to treat both male and female pattern baldness. Finasteride is an oral medicine that is mostly used to treat male pattern baldness. It is taken on a daily basis and has been proved to be useful in certain men in reducing or preventing hair loss and encouraging hair growth.

Company Analysis

The hair and care market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, product launch, product, application dominance. The above data points provided are only related to the companies' focus related to hair and care market. Some of the major players operating in the hair and care market are Venus Concept Inc, Sisram Medical Ltd, CUTERA, INC and Allergan Plc.

ExoCoBio Inc. introduced ASCE HRLV for scalp rejuvenation and hair loss in 2022. ASCE+ HRLV is aimed at the scalp rejuvenation and hair loss markets, and it is intended to rapidly grow its market share by introducing four effects: scalp rejuvenation, hair loss care, hair anti-aging enhancement, and issue avoidance.

QR 678 Neo, a hair loss therapy available in the United Kingdom in 2021. The FDA-approved and patented product claims to have a success rate of more than 90%. It is a non-surgical option with pricing starting at around a quarter of the cost of a hair transplant.

The report titled “Hair Transplant Market, Global Forecast By Procedure (Follicular Unit Extraction (FUE), Follicular Unit Transplantation (FUT)), Products (Serum, Gel, Multivitamins, Drugs, Others), Therapy (Platelet Rich Plasma, Stem Cell Therapy, Laser Therapy), Service Provider ( Clinics, Hospitals, Surgical centers, Others), Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa), Company Analysis (Venus Concept Inc, Sisram Medical Ltd, CUTERA, INC, Allergan Plc)” provides a complete analysis of Global Hair Transplant Market.

Procedure - Hair Transplant Market breakup from 2 viewpoints:

1. Follicular Unit Extraction (FUE)
2. Follicular Unit Transplantation (FUT)

Therapy - Hair Transplant Market breakup from 3 viewpoints:

1. Platelet Rich Plasma
2. Stem Cell Therapy
3. Laser Therapy

Product - Hair Transplant Market breakup from 5 viewpoints:

1. Gel
2. Serum
3. Hair Transplant
4. Multivitamins
5. Others

Region - Hair Transplant Market breakup from 5 viewpoints:

1. North America
2. Europe
3. Asia-Pacific
4. Latin America
5. Middle East & Africa

Service Provider - Hair Transplant Market breakup from 4 viewpoints:

1. Clinics
2. Surgical Centers
3. Hospitals
4. Others

All the Company Analysis have covered 3 Viewpoints

  • Overview
  • Recent Developments
  • Sales Analysis

Company Analysis

1. Venus Concept Inc
2. Sisram Medical Ltd
3. CUTERA, INC
4. Allergan Plc
Frequently Asked Questions about the Global Hair Transplant Market

What is the estimated value of the Global Hair Transplant Market?

The Global Hair Transplant Market was estimated to be valued at $14.74 Billion in 2022.

What is the growth rate of the Global Hair Transplant Market?

The growth rate of the Global Hair Transplant Market is 23.8%, with an estimated value of $53.17 Billion by 2028.

What is the forecasted size of the Global Hair Transplant Market?

The Global Hair Transplant Market is estimated to be worth $53.17 Billion by 2028.

Who are the key companies in the Global Hair Transplant Market?

Key companies in the Global Hair Transplant Market include Venus Concept Inc, Sisram Medical Ltd, CUTERA, INC and Allergan Plc.

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge

5. Global Hair Transplant Market

6. Market Share - Global Hair Transplant Analysis
6.1 By Service Provider
6.2 By Procedure
6.3 By Region
6.4 By Product
6.5 By Therapy

7. Service Provider - Global Hair Transplant Market
7.1 Hospital
7.2 Clinic
7.3 Surgical centers
7.4 Others

8. Procedure - Global Hair Transplant Market
8.1 Follicular Unit Extraction
8.2 Follicular Unit Transplantation

9. Region - Global Hair Transplant Market
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 MEA

10. Product - Global Hair Transplant Market
10.1 Gel
10.2 Serum
10.3 Drugs
10.4 Multi Vitamins
10.5 Others

11. Therapy - Global Hair Transplant Market
11.1 Low Level Laser Therapy
11.2 Stem Cell Hair Restoration
11.3 Platelet Rich Plasma

12. Key Players Analysis
12.1 Venus Concept
12.1.1 Business Overview
12.1.2 Sales Analysis
12.1.3 Recent Development
12.2 Sisram Medical Ltd.
12.2.1 Business Overview
12.2.2 Sales Analysis
12.2.3 Recent Development
12.3 CuteraInc
12.3.1 Business Overview
12.3.2 Sales Analysis
12.3.3 Recent Development
12.4 Allergan PLC
12.4.1 Business Overview
12.4.2 Sales Analysis
12.4.3 Recent Development

List of Figures:
Figure 01: Global - Hair Transplant Market (Billion US$), 2018 - 2022
Figure 02: Global - Forecast for Hair Transplant Market (Billion US$), 2023 - 2028
Figure 03: Service Provider - Hospital Market (Billion US$), 2018 - 2022
Figure 04: Service Provider - Forecast for Hospital Market (Billion US$), 2023 - 2028
Figure 05: Service Provider - Clinic Market (Billion US$), 2018 - 2022
Figure 06: Service Provider - Forecast for Clinic Market (Billion US$), 2023 - 2028
Figure 07: Service Provider - Surgical centers Market (Billion US$), 2018 - 2022
Figure 08: Service Provider - Forecast for Surgical centers Market (Billion US$), 2023 - 2028
Figure 09: Service Provider - Others Market (Billion US$), 2018 - 2022
Figure 10: Service Provider - Forecast for Others Market (Billion US$), 2023 - 2028
Figure 11: Procedure - Follicular Unit Extraction Market (Billion US$), 2018 - 2022
Figure 12: Procedure - Forecast for Follicular Unit Extraction Market (Billion US$), 2023 - 2028
Figure 13: Procedure - Follicular Unit Transplantation Market (Billion US$), 2018 - 2022
Figure 14: Procedure - Forecast for Follicular Unit Transplantation Market (Billion US$), 2023 - 2028
Figure 15: North America - Hair Transplant Market (Billion US$), 2018 - 2022
Figure 16: North America - Forecast for Hair Transplant Market (Billion US$), 2023 - 2028
Figure 17: Europe - Hair Transplant Market (Billion US$), 2018 - 2022
Figure 18: Europe - Forecast for Hair Transplant Market (Billion US$), 2023 - 2028
Figure 19: Asia Pacific - Hair Transplant Market (Billion US$), 2018 - 2022
Figure 20: Asia Pacific - Forecast for Hair Transplant Market (Billion US$), 2023 - 2028
Figure 21: Latin America - Hair Transplant Market (Billion US$), 2018 - 2022
Figure 22: Latin America - Forecast for Hair Transplant Market (Billion US$), 2023 - 2028
Figure 23: MEA - Hair Transplant Market (Billion US$), 2018 - 2022
Figure 24: MEA - Forecast for Hair Transplant Market (Billion US$), 2023 - 2028
Figure 25: Product - Gel Market (Billion US$), 2018 - 2022
Figure 26: Product - Forecast for Gel Market (Billion US$), 2023 - 2028
Figure 27: Product - Serum Market (Billion US$), 2018 - 2022
Figure 28: Product - Forecast for Serum Market (Billion US$), 2023 - 2028
Figure 29: Product - Drugs Market (Billion US$), 2018 - 2022
Figure 30: Product - Forecast for Drugs Market (Billion US$), 2023 - 2028
Figure 31: Product - Multi Vitamins Market (Billion US$), 2018 - 2022
Figure 32: Product - Forecast for Multi Vitamins Market (Billion US$), 2023 - 2028
Figure 33: Product - Others Market (Billion US$), 2018 - 2022
Figure 34: Product - Forecast for Others Market (Billion US$), 2023 - 2028
Figure 35: Therapy - Low Level Laser Therapy Market (Billion US$), 2018 - 2022
Figure 36: Therapy - Forecast for Low Level Laser Therapy Market (Billion US$), 2023 - 2028
Figure 37: Therapy - Stem Cell Hair Restoration Market (Billion US$), 2018 - 2022
Figure 38: Therapy - Forecast for Stem Cell Hair Restoration Market (Billion US$), 2023 - 2028
Figure 39: Therapy - Platelet Rich Plasma Market (Billion US$), 2018 - 2022
Figure 40: Therapy - Forecast for Platelet Rich Plasma Market (Billion US$), 2023 - 2028
Figure 41: Venus Concept - Global Revenue (Billion US$), 2018 - 2022
Figure 42: Venus Concept - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 43: Sisram Medical Ltd. - Global Revenue (Billion US$), 2018 - 2022
Figure 44: Sisram Medical Ltd. - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 45: CuteraInc - Global Revenue (Billion US$), 2018 - 2022
Figure 46: CuteraInc - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 47: Allergan PLC - Global Revenue (Billion US$), 2018 - 2022
Figure 48: Allergan PLC - Forecast for Global Revenue (Billion US$), 2023 - 2028

List of Tables:
Table 01: Global - Hair Transplant Market Share by Service Provider (Percent), 2018 - 2022
Table 02: Global - Forecast for Hair Transplant Market Share by Service Provider (Percent), 2023 - 2028
Table 03: Global - Hair Transplant Market Share by Procedure (Percent), 2018 - 2022
Table 04: Global - Forecast for Hair Transplant Market Share by Procedure (Percent), 2023 - 2028
Table 05: Global - Hair Transplant Market Share by Region (Percent), 2018 - 2022
Table 06: Global - Forecast for Hair Transplant Market Share by Region (Percent), 2023 - 2028
Table 07: Global - Hair Transplant Market Share by Product (Percent), 2018 - 2022
Table 08: Global - Forecast for Hair Transplant Market Share by Product (Percent), 2023 - 2028
Table 09: Global - Hair Transplant Market Share by Therapy (Percent), 2018 - 2022
Table 10: Global - Forecast for Hair Transplant Market Share by Therapy (Percent), 2023 - 2028

Companies Mentioned

  • Venus Concept Inc
  • Sisram Medical Ltd
  • CUTERA, INC
  • Allergan Plc

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

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

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