Major players in the hair transplant market are Bosley Inc., Bernstein Medical Inc., GETFUE Hair Clinics Ltd., Hair Club, Hair Restoration BlackRockHRBR, Hairline International Hair and Skin Clinic, Limmer Hair Transplant Center, Venus Concept Ltd.
NEW YORK, Aug. 04, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Hair Transplant Global Market Report 2023” report –
Allergan Plc, Hairline Ink, Dr Batra’s Positive Health Clinic Pvt Ltd., KYRA Aesthetic Clinic, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Acibadem Healthcare Group and Tempus Hair Restoration of Florida.
The global hair transplant market is expected to grow from USD 5.94 billion in 2022 to USD 7.24 billion in 2023 at a compound annual growth rate (CAGR) of 21.9%. The Russia-Ukraine war has disrupted the chances of a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries led to economic sanctions in many countries, rising commodity prices and supply chain disruptions, causing inflation in goods and services and affecting many markets around the world. The hair transplant market is expected to reach USD 15.16 billion by 2027 at a CAGR of 20.2%.
The hair transplant market includes revenue earned by companies from providing hair restoration services, follicular isolation techniques, robotic hair transplant, and automated FUE hair transplant. The market value includes the value of the relevant goods sold by the service provider or included in the service offer.
Only goods and services traded between entities or sold to final consumers are included.
Hair transplant refers to a surgical procedure in which hair follicles are moved from one place (back or side of the head) to another place (bald area of the head) by a dermatologist or plastic surgeon. This hair transplant treatment allows hair to be regenerated in areas of the scalp that are bald.’
North America was the largest region in the Hair Transplant market in 2022. Regions covered in the Hair Transplant report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa .
The main products of hair transplant are gel, serum, drugs, multivitamins and others. Follicular Unit Transplantation (FUT) is a surgical procedure in which a strip of skin is cut from the back or side of the head and individual hair follicles are extracted, which are then inserted into the bald areas of the scalp by the surgeon.
This technique is cost-effective, less time-consuming and a suitable option when a person needs the transplantation of a large number of hair follicles. , a combination of FUT and FUE and other supportive treatments such as platelet rich plasma (PRP) therapy, stem cell therapy and laser therapy.
Service providers include hospitals, dermatology clinics, trichology clinics and surgery centers.
The increasing number of people suffering from hair loss is expected to propel the growth of the hair transplant market in the future. Hair loss, also known as alopecia, is a condition where hair loss or gradual thinning of hair is caused by a disruption in the body’s hair production cycle.
Hair transplantation is a medical technique that provides a hairline that looks completely natural, as the appearance and texture of the donor hair perfectly matches the existing hair, thus increasing the need for hair transplantation. For example, in 2023, according to Scandinavian Biolabs, a personal care product manufacturer based in Denmark, 12.42 million Americans used hair growth products in 2020. The number is expected to be 12.94 million in 2024. Additionally, the April 2022, according to the International Society of Hair Restoration Surgery (ISHRS), a US-based non-profit medical organization responsible for the treatment and restoration of hair loss, hair transplant market size, effective treatment for many types of hair and scalp problems had grown by 64% from 2014 to 2021 and now totals $6.5 billion. Additionally, 87 percent of her patients are male and 13 percent of her hair transplant patients are female. Hence, increasing number of people suffering from hair loss is driving the growth of the hair transplant market.
Product innovations are a key trend gaining popularity in the hair transplant market. Major companies operating in the hair transplant industry are focusing on developing new solutions to strengthen their position in the market.
In April 2022, HHC (Hermest Hair Clinic), a clinic based in Turkey that offers hair transplant services, launched a unique FUE hair transplant method to make it accessible to patients around the world. HHC, with the highest survival rate of 99% with unique FUE, offers specialized services and economical offers for its customers worldwide.
In December 2021, Avra Inc., a US-based IT consulting and services company, merged with Springs Rejuvenation, LLC and the combined business entity will be Springs Rejuvenation, Inc. Through this transaction, the combined entity aims to provide the highest quality patient care and offer cutting-edge medical treatments. It extends the reach to communities, making access to these treatments available to all, lowering the cost of stem cells. Springs Rejuvenation, Inc. is a Georgia-based regenerative medicine and stem cell center that focuses on facial rejuvenation, hair rejuvenation, non-surgical hair restoration, hair transplants, protein-rich plasma (PRP) injections, and anti-aging treatments.
The countries covered in the Hair Transplant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market value is defined as the revenue earned by businesses from the sale of goods and/or services within the specified market and geography through sales, grants or donations in currency (in USD unless otherwise specified).
Revenues for a given geography are consumption values that are revenues generated by organizations in that geography within the market, regardless of where they are generated. It does not include revenue from resales along the supply chain, either further along the supply chain or as part of other products.
The Hair Transplant Market research report is one of a series of new reports that provides statistics on the Hair Transplant market, including global market size of the Hair Transplant industry, regional shares, competitors with Hair Transplant market share, detailed segments of the hair transplant market, market trends and opportunities, and any further data you may need to thrive in the hair transplant industry. This Hair Transplant market research report provides a complete perspective of everything you need with an in-depth analysis of the current and future scenario of the industry.
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