The global hair transplant market size was US$ 4.9 billion in 2021. The global hair transplant market size is estimated to reach US$ 26.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 20.4% during the forecast period from 2022 to 2030.
A hair transplant procedure is a surgical procedure, which involves the restoration of hair in the bald area of the body. This procedure is done by removing hair follicles from the donor site of the body and transplanting them to the receiver site or bald area. There are different types of hair transplantation procedures such as Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE), and a combination of FUT and FUE, to restore hair in the bald area. Hair transplant treatment is commonly used in male pattern baldness; however, it can also be used to treat thinning hair and baldness in the female population.
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Factors Affecting Marketing Growth
Growth of the global hair transplant market size is majorly driven by the increase in the number of hair restoration procedures, the rise in the prevalence of alopecia, and technological advancement in the hair transplant sector.
The rise in awareness among the population regarding physical appearance and the increase in the number of populations suffering from baldness boost the need for hair transplant procedures.
The rise in the prevalence of chronic diseases such as cancer, hyperthyroidism, and hypothyroidism lead to hair loss, which fuels the market growth.
Increase in the number of chemotherapies, which causes hair loss and surge the demand for the hair transplant procedure. An increase in the number of product approval and product launch for hair transplantation procedures drives the growth of the market.
Impact on COVID-19 Analysis
The COVID-19 outbreak is expected to have a negative impact on the growth of the global hair transplant market. The pandemic has stressed healthcare systems in the world. Hair transplant procedures are profoundly affected by the pandemic. Several clinics and hospitals were restructured to increase hospital capacities for patients diagnosed with COVID-19. Non-essential surgical procedures are canceled due to the pandemic. Hair Transplant procedures are non-emergency procedures that significantly hinder the revenue of hair transplant clinics.
Regional Analysis
North America accounted for a majority of the global hair transplant market share in 2021 and is expected to remain dominant during the forecast period. This is attributed to the increase in the number of hair transplant procedures, the rise in the number of approvals for the advanced hair transplant procedure, the presence of the hair transplant industry, and advancements in the healthcare sector in the region.
Asia-Pacific is anticipated to witness lucrative growth, due to a rise in the number of male populations, an increase in awareness among the young population regarding hair transplant treatment, and growth in health care expenditures.
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Leading Competitors
The prominent players in the global hair transplant market are:
Vinci hair clinic
Venus Concept
SPRINGS Hair Restoration
Medical Hair Transplants & Aesthetics
Limmer Hair Transplant Center
Hermest Hair Clinic
Hairline International Hair and Skin Clinic
Hair Transplants of Florida
Hair sure transplant center
Bernstein Medical
Others
Segmentation Analysis
The global hair transplant market segmentation focuses on Procedure, Gender, Service Provider, and Region.
Segmentation on the basis of Procedure
Follicular Unit Transplantation (FUT)
Follicular Unit Extraction (FUE)
Combination of FUT and FUE
Others
Segmentation on the basis of Gender
Female
Male
Segmentation on the basis of Service Provider
Hospitals
Dermatology Clinics
Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
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Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Hair Transplant market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Hair Transplant market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Hair Transplant market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Hair Transplant business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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