The global beard transplant market size was US$ 189 million in 2021. The global beard transplant market size is forecast to reach US$ 1058.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 21.1% during the forecast period from 2022 to 2030.
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Beard hair transplantation involves transplanting new hair into parts of the face where facial hair normally grows. This surgical technique is applicable on the cheeks, beard, sideburns, and goatee and mustache areas. Acne scars and other sorts of face scars can be covered up using facial hair transplants. Follicular unit extraction (FUE) and follicular unit transplantation are the two main strategies a surgeon can use (FUT). The donor area is harvested one full follicular unit at a time using the follicular unit extraction (FUE) technique. A surgeon uses the Follicular Unit Transplantation (FUT) technique to remove the hair follicles from a short strip of tissue from the back of the head.
Factors Influencing Market Growth
The growing awareness among the population about cosmetic surgeries and the increase in penetration of beauty clinics, beauty salons, and multispecialty hospitals globally drive the global market.
The increasing adoption of robotics in minimally invasive surgeries is forecast to offer lucrative opportunities for the global market during the forecast period.
The accessibility of various alternatives, such as topical therapies, including minoxidil and finasteride, and the increase in penetration of the unlicensed hair restoration industry may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Due to the lockdown limitations and the shutdown of the majority of corporate operations in 2020, there was a large increase in unemployment, which significantly lowered consumer purchasing power. Additionally, the limitations and worry about contracting the virus led to the cancellation of the majority of beard transplant procedures in 2020, which had a negative effect on the revenue growth of the beard transplant industry.
Regional Analysis
North America accounted for a significant market share in 2021 and is forecast to maintain its position during the forecast period. As a result of the increased awareness about the accessibility of facial hair restoration services among the people and the existence of various multispecialty hospitals and clinics in the region resulting in higher revenues from North America’s beard transplant market.
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The Asia Pacific region is forecast to have considerable growth during the forecast period. The rising incidences of hair loss owing to several reasons, such as accidents, hereditary factors, alopecia, and burns fueled the adoption of beard transplant surgeries. In addition, growing medical tourism and the expansion of specialty hair treatment clinics drive the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global beard transplant market are:
Ashlin Alexander Facial Cosmetic Surgery
Bain Clinic
bosley
CapilClinic
Dezire Clinic
DHI Global Medical Group
iGraft Global Hair Services Pvt Ltd
Maxim Hair Restoration
Smile Hair Clinic
Wimpole Clinic
Other Prominent Companies
Scope of the Report
The global beard transplant market segmentation focuses on Approach, End User, Service Provider, and Region.
Segmentation based on Approach
Follicular Unit Extraction
Follicular Unit Transplantation
Others
Segmentation based on End User
Masculine
Transmasculine
Segmentation based on Service Provider
Hospitals
Clinics
Surgery Centers
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Segmentation based on 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
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
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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