The global hair restoration market size was estimated to be USD 7.18 billion in 2023 and is expected to reach at USD 19.0 billion by 2033 with a CAGR of 9.24% during the forecast period 2023-2033. Increasing prevalence of androgenetic alopecia, surge in disposable income, rising demand of aesthetic procedures, growing popularity of hair transplants, increasing incidences of dermatological disorders leading to hair loss, rise in number of chemotherapies being performed to treat cancer globally, escalating technological advancements in hair transplant diseases, and rising funding for development of innovative therapies are some of the key factors boosting the market growth.
Rising funding for development of innovative therapies is predicted to boost the market growth during the forecast period. For instance, in September 2020, Stemson Therapeutics has recently secured $7.5 million in seed financing, with Allergan Aesthetics, a medical aesthetics company, leading the funding round. The company aims to develop a novel method of regenerating human hair growth by utilizing the patient's own cells to generate new hair follicles.
By Recipient Area, Scalp was the highest revenue-grossing segment in the global hair restoration market in 2022 owing to the surge in number of men suffering from pattern baldness, women with thinning hair, growing popularity of the scalp treatment, and rising launch of innovative products for scalp nourishment and reducing hair loss. For instance, in April 2022, ExoCoBio Inc. has introduced ASCE HRLV, a product designed for scalp rejuvenation and addressing hair loss. ASCE+ HRLV targets the market for scalp rejuvenation and hair loss and aims to quickly gain a significant market presence by offering four key benefits: scalp rejuvenation, hair loss treatment, enhancement of hair anti-aging properties, and prevention of hair issues. It is designed to provide care for the scalp and hair regardless of age or gender. Additionally, Non-scalp is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of beard & eyebrow transplant procedures.
By Treatment, Follicular unit extraction (FUE) was the highest revenue-grossing segment in the global hair restoration market in 2022 owing to the rising adoption of FUE technique, growing awareness regarding hair transplant techniques, increasing demand for less-invasive procedures, and surge in product approvals by regulatory bodies. For instance, in February 2020, Venus Concept Inc., a renowned global company specializing in medical aesthetic technology, has recently obtained CE Mark approval to launch NeoGraft 2.0 in the European market. NeoGraft 2.0 is an automated device utilized for hair transplants, employing the follicular unit extraction (FUE) technique to harvest and implant hair follicles. Additionally, Follicular unit transplantation (FUT) is predicted to grow at fastest CAGR during the forecast period owing to growing prevalence of hair loss and rising cases of alopecia.
By Therapy, Platelet-rich Plasma (PRP) was the highest revenue-grossing segment in the global hair restoration market in 2022 owing to the increasing technological advancements and rising release of innovative therapies. Additionally, Stem cell hair restoration is predicted to grow at fastest CAGR during the forecast period owing to the rising adoption of stem cell hair restoration procedure and increasing introduction of cutting-edge therapies. For instance, in February 2023, Amarillo Hair Restoration Center is excited to provide advanced options for hair loss treatment, including therapies based on stem cells. This groundbreaking procedure effectively stimulates natural hair regrowth, resulting in remarkable and authentic outcomes.
By End-user, Dermatology clinics was the highest revenue-grossing segment in the global hair restoration market in 2022 owing to the surge in number of dermatology clinics, rising number of professionals who perform hair transplant surgery, growing number of technologically advanced clinics, and increasing launch of advanced therapies. For instance, in April 2022, HermestHair Clinic (HHC) has introduced an exclusive and affordable service for hair transplants in Turkey, utilizing the distinctive follicular unit extraction (FUE) method. Additionally, Hospitals is predicted to grow at fastest CAGR during the forecast period owing to the presence of various hair transplant techniques and increasing healthcare expenditure by government.
North America region is anticipated for the highest revenue share during the forecast period owing to the surge in number of hair transplant procedures, rising approvals of advanced hair transplant procedures, increasing healthcare advancements, growing product launches, and surge in investment by market players. For instance, in July 2021, Stemson Therapeutics has secured a Series A financing of $15 million led by DCVC Bio, aimed at advancing the development of their unique therapeutic solution to effectively treat hair loss. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the growing number of male populations, increasing awareness regarding hair transplant procedures among young population, rising healthcare expenditures, surge in technological advancement, growing awareness regarding aesthetic procedures, and increasing expansion of aesthetic procedures. For instance, in May 2023, Pristyn Care has recently expanded its range of aesthetic surgery services to include hair transplant procedures. They are now offering hair transplant, beard transplant, and eyebrow transplant services in five cities across India.
Rising funding for development of innovative therapies is predicted to boost the market growth during the forecast period. For instance, in September 2020, Stemson Therapeutics has recently secured $7.5 million in seed financing, with Allergan Aesthetics, a medical aesthetics company, leading the funding round. The company aims to develop a novel method of regenerating human hair growth by utilizing the patient's own cells to generate new hair follicles.
By Recipient Area, Scalp was the highest revenue-grossing segment in the global hair restoration market in 2022 owing to the surge in number of men suffering from pattern baldness, women with thinning hair, growing popularity of the scalp treatment, and rising launch of innovative products for scalp nourishment and reducing hair loss. For instance, in April 2022, ExoCoBio Inc. has introduced ASCE HRLV, a product designed for scalp rejuvenation and addressing hair loss. ASCE+ HRLV targets the market for scalp rejuvenation and hair loss and aims to quickly gain a significant market presence by offering four key benefits: scalp rejuvenation, hair loss treatment, enhancement of hair anti-aging properties, and prevention of hair issues. It is designed to provide care for the scalp and hair regardless of age or gender. Additionally, Non-scalp is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of beard & eyebrow transplant procedures.
By Treatment, Follicular unit extraction (FUE) was the highest revenue-grossing segment in the global hair restoration market in 2022 owing to the rising adoption of FUE technique, growing awareness regarding hair transplant techniques, increasing demand for less-invasive procedures, and surge in product approvals by regulatory bodies. For instance, in February 2020, Venus Concept Inc., a renowned global company specializing in medical aesthetic technology, has recently obtained CE Mark approval to launch NeoGraft 2.0 in the European market. NeoGraft 2.0 is an automated device utilized for hair transplants, employing the follicular unit extraction (FUE) technique to harvest and implant hair follicles. Additionally, Follicular unit transplantation (FUT) is predicted to grow at fastest CAGR during the forecast period owing to growing prevalence of hair loss and rising cases of alopecia.
By Therapy, Platelet-rich Plasma (PRP) was the highest revenue-grossing segment in the global hair restoration market in 2022 owing to the increasing technological advancements and rising release of innovative therapies. Additionally, Stem cell hair restoration is predicted to grow at fastest CAGR during the forecast period owing to the rising adoption of stem cell hair restoration procedure and increasing introduction of cutting-edge therapies. For instance, in February 2023, Amarillo Hair Restoration Center is excited to provide advanced options for hair loss treatment, including therapies based on stem cells. This groundbreaking procedure effectively stimulates natural hair regrowth, resulting in remarkable and authentic outcomes.
By End-user, Dermatology clinics was the highest revenue-grossing segment in the global hair restoration market in 2022 owing to the surge in number of dermatology clinics, rising number of professionals who perform hair transplant surgery, growing number of technologically advanced clinics, and increasing launch of advanced therapies. For instance, in April 2022, HermestHair Clinic (HHC) has introduced an exclusive and affordable service for hair transplants in Turkey, utilizing the distinctive follicular unit extraction (FUE) method. Additionally, Hospitals is predicted to grow at fastest CAGR during the forecast period owing to the presence of various hair transplant techniques and increasing healthcare expenditure by government.
North America region is anticipated for the highest revenue share during the forecast period owing to the surge in number of hair transplant procedures, rising approvals of advanced hair transplant procedures, increasing healthcare advancements, growing product launches, and surge in investment by market players. For instance, in July 2021, Stemson Therapeutics has secured a Series A financing of $15 million led by DCVC Bio, aimed at advancing the development of their unique therapeutic solution to effectively treat hair loss. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the growing number of male populations, increasing awareness regarding hair transplant procedures among young population, rising healthcare expenditures, surge in technological advancement, growing awareness regarding aesthetic procedures, and increasing expansion of aesthetic procedures. For instance, in May 2023, Pristyn Care has recently expanded its range of aesthetic surgery services to include hair transplant procedures. They are now offering hair transplant, beard transplant, and eyebrow transplant services in five cities across India.
Segmentation: Hair Restoration Market Report 2022 - 2033
Hair Restoration Market Analysis & Forecast by Recipient Area 2022 - 2033 (Revenue USD Bn)
- Non-scalp
- Scalp
Hair Restoration Market Analysis & Forecast by Treatment 2022 - 2033 (Revenue USD Bn)
- Stem Cell Therapy
- Follicular Unit Extraction (FUE)
- Follicular Unit Transplant (FUT)
- Laser Therapy
- Others
Hair Restoration Market Analysis & Forecast by Therapy 2022 - 2033 (Revenue USD Bn)
- Platelet-Rich Plasma
- Stem Cell Hair Restoration
- Low-Level Laser Therapy (LLLT)
Hair Restoration Market Analysis & Forecast by End-user 2022 - 2033 (Revenue USD Bn)
- Dermatology Clinics
- Hospitals
- Others
Hair Restoration Market Analysis & Forecast by Region 2022 - 2033 (Revenue USD Bn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Hair Restoration Market: Recipient Area Estimates & Trend Analysis
8. Hair Restoration Market: Treatment Estimates & Trend Analysis
9. Hair Restoration Market: Therapy Estimates & Trend Analysis
10. Hair Restoration Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Hair Restoration Market
13. Europe Global Hair Restoration Market
14. Asia Pacific Global Hair Restoration Market
15. Latin America Global Hair Restoration Market
16. MEA Global Hair Restoration Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Venus Concept
- Bernstein Medical
- Lexington Intl. LLC
- Aderans (Hair Club)
- Cole Hair Transplant Group
- Apira Sciences Inc. (iGrow Laser)
- Hairline International Hair and Skin Clinic
- Illumiflow
- Theradome
- National Hair Centers
- Elite Hair Restoration
- NovaGenix
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | August 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 7.18 Billion |
| Forecasted Market Value ( USD | $ 19 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
