Hair Transplant Market Size, Share, Growth Analysis, By Type(Surgical, and Non-surgical), By Gender(Male, and Female.), By End User(Hospitals & Clinics, and Hair Transplant Centers ), By Region - Industry Forecast 2024-2031

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.