Hair Transplant Market

Hair Transplant Market Size

Global Hair Transplant Market is expected to grow at a CAGR of 26.15% in the forecast period (2023-2032), with the market size valued at USD 6.5 billion in 2021 and projected to reach USD 63 billion by 2032, up from USD 8.2 billion in 2022.

Hair transplant means surgical procedures designed to stimulate new hair growth in people who are bald or experiencing hair loss. In these treatments, hair follicles are transplanted from one area of the body to balding or thinning areas.

Market Highlights

Hair Transplant Market is expected to project a CAGR of 26.15% during the forecast period, 2022-2032

Hair Transplant Market is expected to reach USD 63 billion, growing at a CAGR of 26.15% during the forecast period owing to the growing number of people facing hair loss problem in recent years, the market's potential will increase. The immune system kills the hair follicles in alopecia areata, a disorder that results in hair loss. To regrow hair in bald spots, a variety of hair transplantation procedures are used, including follicular unit transplantation (FUT), follicular unit extraction (FUE), and combinations of FUT & FUE. Hair transplantation can be used to treat female population balding and hair thinning in addition to the common usage of it to treat male pattern baldness.

Hair Transplant Market Segmentation

The Follicular Unit Extraction segment is estimated to gain a large revenue share

On the basis of Surgical Method, the market includes follicular unit transplantation, follicular unit extraction, follicular isolation technique, and robotic hair transplantation. In 2021, the follicular unit extraction market category contributed between 56 and 59% of the total market revenue for hair transplants, holding the largest share. This is primarily due to the public's growing understanding of hair transplantation methods.

Head Hair Transplant segment is expected to grow rapidly

On the basis of Surgery Type, the market is divided into Head Hair Transplant, Eyebrow Transplant, and Frontal Hairline Lowering. The Head Hair Transplant segment registered a major market share, and will lead during the estimated period as well. The market for head hair transplants is increasing rapidly due to rising incidences of male pattern baldness caused by inherited tendencies as well as external causes including a poor way of life and an unbalanced diet. Around 85% of men by the age of 50 face the negative impacts of hair thinning, according to the new exploration article. This will result in increased acceptance and popularity of hair transplant surgeries. Growing fixation with physical appearance is also increasing market demand.

Market Dynamics

Growth Drivers

The increase of male pattern baldness instances

The evolving lives of individuals around the world, particularly their changing eating habits, are one of the important causes of excessive baldness. The increase in unhealthy lifestyle choices including smoking, eating poorly, and stress may also contribute to baldness and hair loss difficulties. Similar to this, simple lifestyle modifications like lack of relaxation, insufficient protein-rich meals, dehydration, and a lack of vital nutrients and minerals are all thought to be contributing factors to baldness. Because of this, the use of hair transplants has increased among men, which will propel the market's growth over the course of the projection period.

Increasing Patient Pool with Higher Disposable Income

Nearly all men and women who have alopecia can be successfully treated with these transplantation techniques because of the quick improvements in the hair transplantation business. The patient population has grown as a result of the market's success. Due to increased disposable income, both men and women are spending a lot on cosmetic operations in the developing nations of today. Over time, this has caused the market for hair restoration to expand.

Restraints

The expensive price of hair transplant surgery

A hair transplant normally costs between $4,000 and $15,000. The price can vary greatly. The majority of insurance providers classify hair transplants as aesthetic procedures. The complexity of the process and the surgeon's ability all affect how much a hair transplant will cost. Other potential recovery costs, such as those for anti-inflammatory drugs to lessen swelling at the surgery site, pain relievers during early recovery, and antibiotics to lower the risk of infection, are also taken into account when planning treatment operations. As a result, it is anticipated that the market will be significantly impacted by the high cost of hair transplant surgery.

Recent Developments

• Only 1 million individuals visited Turkey Hair Transplant in 2022, according to the liver mint's most recent figures, which were released in April 2023.
• In June 2022, UK Smiles declared the opening of a new, inexpensive hair transplantation service in Istanbul.

Hair Transplant Market

Key Players Covered:

• Bosley, Inc.
• Bernstein Medical
• Vinci Hair Clinic
• DHI Global Medical Group
• FUE Europe
• Medispa Hair Transplant Center
• Capillus
• Restoration Robotics
• Transmed Clinic
• National Hair Centers
• Cole Hair Transplant Group
• The Private Clinic
• Lumenis
• Alopecia Treatment Market
• NeoGraft
•  Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Hair Transplant Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America region dominated the market in the past years due to growing emphasis on skincare, the increased use of cosmetics, people's quickly changing lifestyles, and the region's expanding desire for hair restoration, North America dominates the hair transplant business. Asia-Pacific is set to experience rapid revenue growth due to the increased incidence of stress and workload, as well as the decline in the physical and mental health of young people in this region.

Impact of Covid-19 on Hair Transplant Market

The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed lockdowns and applied travel restrictions to control the spread of the virus. The COVID-19 epidemic caused a downturn in the hair transplant market in 2020. As a precautionary move, many governments temporarily closed clinics, resulting in a decrease in elective hair transplant treatments. This was primarily due to the government's emphasis on the health and safety of its population. As a result, hair transplant companies saw a drop in sales, driving them to provide remote consultations via internet videos and services such as appointment booking via email or phone. They also supplied virtual hair upkeep assistance during lockdowns in many countries.

Global Hair Transplant Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Hair Transplant Market Scope and Segments:

Frequently Asked Questions (FAQ):