Report ID: SQMIG35D2050
Report ID:
SQMIG35D2050 |
Region:
Global |
Published Date: September, 2024
Pages:
165
|
Tables:
92 |
Figures:
76
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 hair transplant market in Asia-Pacific 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 accounted for the largest revenue market share 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.
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Report ID: SQMIG35D2050