Hair Transplant Market shall experience a CAGR growth of 23.84% from 2023 to 2028, Catalyzed by Increasing Awareness about Hair Restoration Procedures
27 Apr, 2023

Renub Research has recently published a report titled "Hair Transplant Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" providing a comprehensive analysis of the industry that includes market share insights. In addition, the report comprises competitor and regional research and contemporary extension in the Hair Transplant Market.The Hair Transplant Market will reach US$ 53.17 Billion in 2028.

Hair loss can result from several factors, including genetics, aging, hormonal changes, medical conditions, certain medications, and lifestyle factors. For example, androgenetic alopecia is a common genetic condition that causes hair loss in both men and women. The National Centre for Biotechnology Information (NCBI) estimates that androgenetic alopecia affects 15% of women and 50% of men and is especially common in postmenopausal women.

In addition, hormonal changes during pregnancy, childbirth, menopause, or thyroid problems can lead to hair loss, as can health conditions like alopecia areata and autoimmune diseases. For example, a study published by National Centre for Biotechnology Information (NCBI) showed that alopecia areata would be 0.2% in 2022, affecting people of all races and sexual orientations. In addition, certain medications, including chemotherapy drugs, blood thinners, and antidepressants, can contribute to hair loss, as can stress, poor nutrition, and harsh hair treatments.

The hair transplant market is growing due to increased awareness and acceptance of hair restoration procedures and decreased social stigma surrounding hair loss. In addition, rising disposable incomes in emerging markets have also contributed to the increase in demand for hair transplant procedures. 

Furthermore, hair transplant techniques have advanced, making the procedure more accessible and less painful, leading to a rise in the hair transplant market. For example, ExoCoBio Inc. introduced ASCE+ HRLV in April 2022, a product aimed at the scalp rejuvenation and hair loss market. This product is expected to gain significant market share due to its four effects: scalp rejuvenation, hair loss care, anti-aging hair improvement, and prevention of scalp problems. In addition, the design of ASCE+ HRLV caters to the needs of both genders and all ages, providing comprehensive care for both the scalp and hair. 

Clinics have hegemony in the hair transplant market, providing specialized equipment and treatment.

Clinics dominate the hair transplant market due to specialized equipment, trained medical professionals, and high-quality care. In addition, they invest in the latest technologies for better outcomes, offer consultation and follow-up care, and have expertise and experience, leading to trust and confidence in potential patients. Clinics also have established reputations and marketing strategies, resulting in a more significant market share.

Service Provider – Hair Transplant Market breakup from 4 viewpoints:

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

Follicular unit extraction (FUE) is securing attraction in the hair transplant market

Follicular unit extraction (FUE) is gaining popularity in the hair transplant market due to its minimally invasive procedure, precise extraction of hair follicles, and natural-looking results with fewer complications. Technological advances, including robotics and automation, have made FUE more accessible and affordable. At the same time, increasing demand for hair restoration procedures has led to its continued growth in the hair transplant market.

Gel products are gaining traction in the hair transplant market due to their convenient application.

The popularity of gel products in the hair transplant market is due to their convenience, easy application, and ability to reduce discomfort during recovery. They also promote hair growth and health and offer a non-invasive alternative to other hair restoration treatments. In addition, the growing interest in natural and organic products in the beauty industry has also led to the popularity of natural-based gel products that contain beneficial ingredients.

Product – Hair Transplant Market breakup from 5 viewpoints:

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

Stem cell hair restoration's potential to promote hair growth and prevent hair loss drives change in the hair transplant market.

Stem cell hair restoration is gaining fame in the hair transplant market due to its ability to promote growth and slow down hair loss. The procedure can use stem cells extracted from the patient's body, making it non-invasive and relatively painless. Advances in stem cell technology have made the process more accessible and affordable. The increasing demand for natural and non-invasive hair restoration treatments has further contributed to its growth. Additionally, stem cell therapy provides a competitive advantage for clinics and surgeons seeking innovative solutions in the highly competitive hair transplant market.

Procedure – Hair Transplant Market breakup from 2 viewpoints:

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

Therapy – By therapy, the Global Hair Transplant Market, breakup in 3 viewpoints

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

North America has sovereignty in the hair transplant market

North America dominates the hair transplant market due to its well-developed healthcare infrastructure, many hair restoration clinics and surgeons, and the prevalence of hair loss among the population. The region is also home to major players in the market, driving innovation and advancements. Additionally, high healthcare expenditure and insurance coverage, a strong economy, high disposable income, and the cultural importance of physical appearance contribute to the demand for hair restoration procedures.

Region – Global Hair Transplant Market by region breakup in 5 viewpoints

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

Market Summary:

• Service Procedure - The Report covers Global Hair Transplant Market, by service procedure in 4 viewpoints

o    Hospital
o    Clinics
o    Surgical Centres
o    and Others

• Procedure - By procedure, the Global Hair Transplant Market, breakup in 2 viewpoints (Follicular Unit Extraction, and Follicular Unit Transplantation).
• Product - The Report covers Global Hair Transplant Market, by product in 5 viewpoints (Gel, Serum, Drugs, Multi Vitamins, and, Others).
• Therapy - By therapy, the Global Hair Transplant Market, breakup in 3 viewpoints (Low level laser therapy, Stem cell hair restoration, and Platelet rich plasma).
• Region - The Global Hair Transplant Market by region breakup in 5 viewpoints (North America, Europe, Asia-Pacific, Latin America, and MEA).

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