USD 13.9 billion
Hair Transplant Market Size, Share, Growth Analysis, By Type (Surgical, Non-surgical), By Gender (Male, Female), By End User (Hospitals & Clinics, Hair Transplant Centers ), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2050 |
Region:
Global |
Published Date: September, 2024
Pages:
165
|Tables:
92
|Figures:
76
Hair Transplant Market Insights
Global Hair Transplant Market size was valued at around USD 13.9 billion in 2022 and is expected to rise from USD 18.5 billion in 2023 to reach a value of USD 111 billion by 2031, at a CAGR of 25.1% over the forecast period (2024–2031).
The market is growing exponentially, largely due to the increasing success of procedures such as follicular unit extraction (FUE) and follicular unit transplantation (FUT). These procedures have proven effective in hair transplantation, leading to market expansion. Additionally, hair restoration specialists are opting for a hybrid approach that combines FUE and FUT for clearer and more natural-looking results.
Aging, hormonal imbalances are important factors in wrinkles, including hair loss due to low estrogenic levels due to conditions such as thyroid imbalance, menstruation etc. Androgen hormone like testosterone, dehydroepiandrosterone (DHEA) also plays an important role in hair growth, being out of balance and affecting hair health. Recent data shows that an estimated 20 million Americans have some form of thyroid disorder, with up to 60% unaware of their condition, revealing that common hormonal issues also affect sex and chronic disease, and more than 95% of male hair loss is caused by androgenetic alopecia. The American Hair Loss Association reports that the market is expected to benefit from consumer awareness of acne treatment options, indicating that a positive outlook for the future.
The global hair transplant market is segmented into companies ranging from start-ups to established companies. These market participants constantly focus on innovation to achieve successful implant surgery and outcomes. Venus Concepts has outperformed the competition through aggressive growth and selected surgical and non-surgical treatment options. The ARTAS iX robotic system has become one of the most complex systems in the world. This technique helps clinicians identify and collect hair follicles in the scalp of patients with alopecia.
US Hair Transplant Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Male
Fastest Growth
Male
Growth Rate
25.1% CAGR
Global Hair Transplant Market ($ Bn)
Country Share for North America Region (%)
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Hair Transplant Market Segmental Analysis
The hair transplant market is segmented by type, gender, end user, and region. Based on Type, the market is segmented into Surgical, and Non-surgical. Based on Gender, the market is segmented into Male, and Female. Based on End User, the market is segmented into Hospitals & Clinics, and Hair Transplant Centers. Based on region, the hair transplant market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Hair Transplant Market Analysis by Procedure
Follicle unit extraction segment dominated the revenue market share and accounted for 70.29% in 2023. FUE is the largest hair transplant surgery in 2023. The growing popularity of FUE can be attributed to its less invasive nature and faster recovery time compared to traditional techniques FUT. In addition, advances in FUE technology, such as robot-assisted techniques with 100% survival have improved the accuracy and efficiency of the treatment, resulting in more hair loss. FUE will increase significantly during the forecast period in which the success of FUE techniques will increase and further strengthens its dominance in the hair transplant market.
The follicle unit transplantation segment plays an important role in the hair transplant market as one of the most established and effective surgical techniques for hair restoration. In this procedure, part of the hair follicle is removed and replaced individually by the hair follicles to thin or bald. FUT is desirable because of its ability to implant multiple tissues at one time, making it ideal for all patients requiring coverage. Despite being more invasive than other procedures such as follicular unit extraction (FUE), especially for those with severe hair loss. FUT remains popular due to high graft survival rates, cost low cost and long-term results.
Hair Transplant Market Analysis by Therapy
In 2023, the platelet-rich plasma segment dominated the hair transplant market, accounting for the largest share of the revenue. PRP therapy has gained popularity as a non-surgical alternative to enhance the results of traditional hair transplants for hair growth. Its appeal is to promote healing and hair tissue regeneration by patient on the use of own blood, providing a cost-effective, cost-effective solution. The platelet-rich plasma segment dominated the hair transplant market with record revenues in 2023. The popularity of PRP treatment is due to its noninvasive nature and ability to stimulate hair growth using a patient’s own platelets which increases blood flow. According to the NCBI studying the effectiveness of PRP 75.0% hair regrowth in 6 months, reducing transplanted hair fall. The appealing feature of this natural healing method is its very low side effects and effective, commonly used and other hair restoration techniques to maximize results.
Low-level laser therapy is the fastest growing segment in the market. Stem cell therapy has shown the ability to stimulate hair growth by stimulating hair follicle regeneration and promoting new hair growth. Similarly known for its noninvasive nature and ability to increase blood flow to the hair follicles. Low level laser therapy (LLLT) is gaining popularity as an effective treatment for hair loss Yard Equipment. Stem cell therapy has also shown promise to stimulate hair cells to form new tissue when transplanted into the scalp, resulting in new hair growth but research into stem cell therapy for hair restoration is still in its infancy evidence of effectiveness was limited. Nonetheless, both segments are estimated to contribute significantly to the growth of the market in the coming years.
Global Hair Transplant Market By Therapy (%)
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Hair Transplant Market Regional Insights
The dominance of North America in the market can be attributed to several factors. With a huge revenue share of 32.24% in 2023. The region has a large target demographic, making it an attractive market for hairdressing businesses. Technological advances in hair transplant techniques, such as follicular unit extraction (FUE) and follicular unit transplantation (FUT), have made these treatments more accessible and less invasive, and for popularity including famous hospitals and innovative brands in North America. The presence of several market players also contributes to the market dominance of this region. The combination of these factors has made North America is important in the global market, which has strong potential for further growth in the coming years. There are many key players, making it a competitive market with a wide range of treatment options.
The Asia-Pacific hair transplant market share is expected to observe a substantial CAGR of 17.1% during the forecast period. This is attributed to a significant number of individuals losing their hair, which leads to the demand for hair restoration procedures. In addition, Asia Pacific countries such as China and India have witnessed rapid economic growth, increasing disposable income and further affordability of hair treatment products. China’s hair transplant market share accounted for the largest revenue at 25.35% in 2023. China has a large population, including many individuals experiencing hair loss, leading to a demand for hair restoration techniques. Treatments have become more affordable and accessible to a larger segment of the population.
Global Hair Transplant Market By Geography
- Largest
- Fastest
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Hair Transplant Market Dynamics
Hair Transplant Market Driver
Increased Awareness and Acceptance of Cosmetic Procedures
- The hair transplant market is growing exponentially with the increasing awareness and adoption of cosmetic products by both men and women. As standards of living improve, individuals are more open to pursuing cosmetic procedures, including hair restoration. Even though factors such as the influence of social media, celebrity endorsements and increased visibility of before and after results have helped to legitimize hair transplants, period with the stigma associated with cosmetic products.
Advances in Technology and Methods
- Technological advances in hair transplant procedures, such as follicular unit extraction (FUE) and robotic hair restoration, are also fueling the growth of the market. These minimally invasive procedures save time with faster healing and more natural-looking results than traditional hair transplant methods. Innovations in robotic-assisted procedures improve accuracy and reduce the risk of complications, making them more attractive to patients. As hospitals implement these advanced strategies, they can appeal to a wider audience, further fueling the growth of the market.
Hair Transplant Market Restraints
High Cost of Treatments
- One of the major limitations in the hair transplant market is the high cost associated with the treatments. Hair transplants can be expensive, often requiring a substantial amount of money that many potential patients may not be able to afford. Although prices vary depending on factors such as hospital location and transplant location, overall costs may deter individuals from pursuing these options. This financial barrier may restrict market growth in developing areas with limited disposable income.
Risks and Complications Associated with Surgery
- Another vital mandate is the capacity risks and complications of hair transplant surgery. Patients may also enjoy side outcomes which include scarring, contamination, or atypical hair increase. These risks cause dissatisfaction with the outcomes and discourage the individual from undergoing the surgical operation. In addition, the need for ongoing protection and compliance with-up treatment also can be a predicament, as sufferers may be worried approximately about the lengthy-term dedication and related expenses.
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Hair Transplant Market Competitive Landscape
In the competitive environment of the hair transplant market, companies including Hair Restoration Blackrock, Bosley, Hasson & Wong and Advanced Hair Restoration stand out through innovative techniques, advanced technology and comprehensive patient care. Many clinics focus on less invasive procedures such as follicular unit extraction (FUE) and offer various related services such as PRP therapy, laser therapy to enhance results. Furthermore, partnerships and collaborations with physicians and technologists to expand services and improve patient outcomes is frequent occurrence. The market is characterized by increasing competition as consumer demand continues to increase.
Hair Transplant Market Top Player’s Company Profiles
- Bosley Inc.
- Allergan, Plc.
- Restoration Robotics, Inc.
- Venus Concept Ltd.
- Hair Club
- Hairline International Hair and Skin Clinic
- Hair Transplant Center Turkey
- National Hair Centers
- NeoGraft Solutions
- The Harley Street Hair Clinic
- Bernstein Medical - Center for Hair Restoration
- Hair Transplant Dubai Clinic
- Capillus LLC
- Dr Batra’s Positive Health Clinic Pvt Ltd.
- Limmer Hair Transplant Center
- Hairline Ink
- Alvi Armani
- Medicamat
- Hair Transplant Institute Miami
- Hair Restoration Centers
Hair Transplant Market Recent Development
- In December 2022, Hairclub expanded their facility in Florida, USA, in order to cater to residents who are looking for solutions for hair loss. The new center in Wildwood offers access to Hair Club’s services, providing personalized solutions for hair loss.
- In April 2022, HermestHair Clinic (HHC) in Turkey launched the new low-cost Follicle Unit Extraction (FUE) procedure for hair transplantation. This new service offers patients a unique and affordable option is a difficult approach to hair restoration.
- In April 2022, ExoCoBio Inc. launched ASCE HRLV, a product designed to rejuvenate hair and treat hair loss. ASCE+ HRLV aims to accelerate its market presence by delivering four key benefits: hair rejuvenation, hair loss treatment, anti-aging hair correction, and head prevention of hair problems. This product is designed to meet the hair and scalp care needs of people of all ages and genders.
Hair Transplant Key Market Trends
Growing Demand for Non-surgical Hair Restoration:
- A notable trend in the hair transplant market is the demand for non-surgical hair restoration methods such as platelet (PRP) therapy and topical treatments. Many individuals are seeking surgical procedures that offer minimally invasive and affordable solutions. These treatments, which promote hair growth through natural processes, appeal to people who are hesitant to undergo surgery. As a result, hospitals are expanding their service offerings to include more non-invasive options to meet this growing consumer demand.
Increasing Popularity of Medical Tourism for Hair Transplants:
- The medical tourist trend is also gaining momentum in the hair transplant market. Patients from areas with high medical costs are increasingly migrating to countries where hair transplant services are more affordable and accessible. Countries such as Turkey, India and Thailand have emerged as popular destinations of skull transplants, attracting international patients seeking quality care at affordable prices. This trend is driving growth in the global hair transplant market.
Hair Transplant Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the hair transplant market is experiencing the awesome growth pushed through technological improvements in hair styling techniques in addition to the increasing awareness and acceptance of hair styling products but demanding situations consisting of value of treatment the excessive value and ability dangers related to surgical procedure may additionally bog down the market growth. Key tendencies along with increasing demand for non-surgical restorative techniques and growing scientific tourism are shaping the market environment. In current years, an increasing number of people will observe hair loss. In alopecia areata, a commonplace disease, the immune machine attacks the hair follicles, causing hair loss. This scientific difficulty is related to low fine of existence and negative performance. Several research have additionally showed the hyperlink among continual intellectual health conditions such as hair loss, melancholy and anxiety.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.9 billion |
| Market size value in 2031 | USD 111 billion |
| Growth Rate | 25.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Hair Transplant Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Hair Transplant Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Hair Transplant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hair Transplant Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hair Transplant Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hair Transplant Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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