The global hair transplant market size is expected to reach around US$ 32.4 Bn by 2026 and growing at a CAGR of 22.7% over the forecast period 2019 to 2026.
Hair transplantation is a surgical technique that includes the removal of hair follicles from the ‘donor site’ to a bald area of the head. This procedure is majorly used to treat male pattern baldness. Men suffering from pattern baldness, women with thinning hair and victims of the scalp or burn injury generally opt for hair transplant. Hair related problems are not restricted to any specific age and gender that have created a huge scope for this market to grow across the globe. This has created a high demand for hair treatment and transplants in various regions that will boost the demand in the hair transplant services market.
Considering the current market scenario, the market is changing due to technological advancement in the areas of follicular unit strip surgery, scalp reduction, and follicular unit extraction. Hair transplant has gotten progressively well-known thus has increased increasingly business intrigue. On a gauge about 60 percent of men and somewhere in the range of 40 percent of ladies over the world experience male pattern baldness. A portion of the variables liable for balding among the individuals are pressure, disintegrating water condition, ailing health, maturing, sickness, drug, hereditary qualities, and so forth. With the developing male pattern baldness rate, the interest for hair transplant medical procedures and related treatment is developing quickly and is relied upon to proceed over the estimate time frame too. Hair loss is one of the significant factors that will foster the global hair transplant market growth over the projection period. Increasing patient pool in developing countries, significant success rate and increased hair transplant procedures coupled with innovative technologies also help the hair transplant market to grow seamlessly in the near future. Further, rising people preference towards individual appearance and physical wellbeing have increased the demand for hair transplant substantially which indeed will help the growth for Global Hair Transplant Market in the upcoming years.
By surgical method, the follicular unit extraction (FUE) segment dominated the hair transplant market
Based on surgical method the market is segmented into follicular unit transplantation (FUT), follicular unit extraction (FUE), robotic hair transplantation, and others. The follicular unit extraction segment accounts for the largest contributing segment as hospitals are using these hair transplant methods specifically for procedures such as transplanting large number of follicle units in one session as compared to the follicular unit transplantation. Some of the key benefits of using this from the patients side are sport short hair, Minimal post-operative recovery time, Microscopic scars in donor area are almost invisible, No need to visit surgeon again for stitch removal ,Can use body hair for added density with this technique only, Graft preparation is minimal.
Based on gender type, the male hair transplant is expected to dominate during the forecast period
Male hair transplant has dominated the gender type segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period from 2019 to 2026. Hair transplant procedures have been opted by men on a large scale in the past few years. According to the International Society of Hair Restoration Surgery, the percentage of men undergoing hair transplant surgery increased from 84.7% in 2014 to 85.7% in 2016. There are different factors leading to the restoration procedures like rising work pressure, stress, improper eating habits, heredity and exposure to chemicals among others cause hair fall. Furthermore, improvement in hair transplant technologies is expected to offer wide growth opportunities for the players operating in the hair transplant market during the forecast period.
The market research study on “Global Hair Transplant Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global hair transplant market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global hair transplant market, its market product, gender, surgical method, end user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global hair transplant market size and volume, and segment markets by market product, gender, surgical method, end user, and geography along with the information on companies operating in the market. The global hair transplant market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America accounted for the high market share of the global hair transplant market and the region is also expected to maintain its dominance over the forecast period. Some major factors contributing to this growth are, increasing number of hospitals, stress, deteriorating water condition, malnutrition, aging, illness, medication, genetics, etc. Further, rising people preference towards individual appearance and physical wellbeing have increased the demand for hair transplant substantially which indeed will help the growth for global hair transplant market in the upcoming years. With the growing hair loss rate, the demand for hair transplant surgeries and related treatment is growing rapidly and is expected to continue over the forecast period as well.
The key companies involved in the market includes MEDICAMAT, Bernstein Medical, Restoration Robotics, Cole Instruments Inc., CAPILLUS, LaserCap Company, Apira Science, Harris FUE Instruments, HairMax Inc., Shaanxi Xingmao Industry Co., Ltd, and among others.
Market By Product
Market By Gender
Market By Surgical Method
Market By End User
Market By Geography
Hair transplantation is a surgical technique that includes the removal of hair follicles from the ‘donor site’ to a bald area of the head.
According to Acumen Research and Consulting, the hair transplant market value is poised to exceed around US$ 32.4 Bn in 2026.
The hair transplant market is anticipated to grow over 22.7% CAGR during the forecast period 2019 to 2026.
North America held maximum share in 2018 for hair transplant market.
Asia Pacific is projected to grow at a fast pace during forecast period in the hair transplant market.
MEDICAMAT, Bernstein Medical, Restoration Robotics, Cole Instruments Inc., CAPILLUS, LaserCap Company, Apira Science are the top players operating in the hair transplant market.