Hair Transplant Market Trends, Size, Segment and Growth by Forecast to 2030

The hair transplant market size was valued at US$ 5,122.87 million in 2022 and is projected to reach US$ 23,323.90 million by 2030. It is estimated to register a CAGR of 20.9% during 2022-2030.

Market Insights and Analyst View:

The hair transplant market size is increasing with the growing number of hair transplant procedures and the increase in the incidence of hair loss. Additionally, technological advancements in hair transplant procedures in the market are expected to create ample opportunities for the hair transplant market. Hair transplant surgery has come a long way in recent years due to advancements in research and technology. However, advances in hair transplant techniques have significantly affected hair transplant procedures. Robotic systems, stem cell hair loss therapy, platelet-rich plasma (PRP) therapy, ethnic hair transplants, hairline advancement, tissue expansion, and hair cloning are cutting-edge techniques in hair transplantation.

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Key Players Analysis:

• Cole Instruments Inc
• Vision Medical Inc
• Bernstein Medical PC
• Curallux LLC
• HairMax Inc
• NovaGenix LLC
• Apira Science Inc
• Theradome Inc
• Robotics Restoration Inc

Growth Drivers and Challenges:

Hair transplant is a surgical procedure used to treat hair loss. This procedure takes place in clinics or medical offices. Factors such as pattern baldness, genetics, stress, diet, and hormonal imbalance are responsible for hair loss. Additional factors such as a history of hair loss and increasing use of medication also cause hair loss. Changing beauty standards and the growing need for hair loss treatment are creating demand for hair transplant procedures. For instance, according to the International Society of Hair Restoration Surgery (ISHRS), in 2021, an estimated 703,183 hair transplant procedures were performed globally.

Report Segmentation and Scope:

The hair transplant market is divided on the basis of procedure and site of transplant. Based on procedure, the hair transplant market is bifurcated into surgical hair transplant procedures and non-surgical procedures. The surgical hair transplant procedures segment is further bifurcated into follicular unit strip surgery (FUS), follicular unit extraction (FUE), and other surgical procedures. The non-surgical procedures segment is further divided into platelet rich plasma, laser cap, and others. Based on the site of transplantation, the hair transplant market is segmented into scalp transplant, eyelash transplant, eyebrow transplant, beard/moustache transplant, chest transplant, and other transplantations. Based on geography, the hair transplant market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

Based on procedure, the hair transplant market is segmented into surgical hair transplant procedures and non-surgical procedures. The surgical hair transplant procedures segment is further bifurcated into follicular unit strip surgery (FUS), follicular unit extraction (FUE), and others surgical procedures. The non-surgical procedures segment is further classified into platelet rich plasma, laser cap, and others. A hair transplant is a commonly performed cosmetic procedure. An increase in people with genetic hair loss is projected to boost the demand for surgical hair transplant procedures. Hair transplant procedures are most common in men. For instance, according to The International Society of Hair Restoration Surgery (ISHRS), in 2022, approximately 87.3% of men and 12.7% of women underwent surgical procedures across the globe. Recent technological advancements and the concept of using follicular unit grafts have elevated the procedure to new heights. Because of its ability to produce natural results, a growing number of balding men and women opt for this surgical solution.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Hair Transplant Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Hair Transplant Market by each region is later sub-segmented by respective countries and segments.

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This release was published on openPR.