Global hair transplant systems market to reach $28.06 billion by 2030

BURLINGAME, CA., March 12, 2024 /PRNewswire/ –Coherent Market Insights published a report titled, Global Hair Transplantation System Market, by Product Type (Robotic Hair Transplantation System, Handheld Devices), By Procedure Type (Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE), Robotic Hair Transplantation), By Gender (Male, Female), By End User (Hospital & Clinics, Dermatology Clinics, Others) and By Geography: Size, Share, Outlook and Opportunity Analysis, 2023-2030. According to the report, the global hair transplant system purchase valued at 7.22 USD Bn in 2023 and is expected to arrive US $28.06 Bn by 2030develops in a compound annual growth rate (CAGR) of 21.4% from 2023 to 2030.

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Market dynamics:

The increasing prevalence of hair loss in both men and women is one of the key factors driving the growth of the hair transplant systems market. Factors such as stress, unhealthy lifestyle, hormonal imbalance and genetic predisposition contribute to the increasing number of hair loss cases worldwide. Additionally, technological advancements in hair transplant procedures such as robotic hair restoration systems are further fueling the market growth.

Global Hair Transplant System Market Report

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Market trends:

One of the key trends seen in the hair transplant system market is the increasing adoption of minimally invasive hair transplant procedures. Minimally invasive techniques such as follicular extraction (FUE) offer faster recovery times, less scarring and more natural results, increasing their popularity among patients. Another trend shaping the market is the increasing demand for hair transplant procedures among younger individuals as they seek to address thinning and receding hair at a younger age than previous generations.

In recent years, the global hair transplant systems market has seen significant growth, with market size 7.22 billion US dollars in 2022 and a remarkable CAGR of 21.4%. The market is expected to continue to grow at a steady rate during the forecast period from 2023 to 2030.

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Buying opportunities:

One of the major market opportunities lies in the field of robotic hair transplant systems. Robotic systems offer precise and efficient hair transplant procedures, leading to better results and greater patient satisfaction. As a result, the robotic hair transplant system segment is expected to dominate the market in terms of product type. Companies like Venus Concept Inc. and NeoGraft are at the forefront of developing innovative robotic systems for hair transplantation.

Another key market opportunity lies in the end-user segment, particularly dermatology clinics. Dermatology clinics specialize in treatments related to the skin and hair, making them ideal settings for hair transplant procedures. This segment is expected to dominate the market as patients prefer to undergo hair transplant procedures at specialized clinics with experienced dermatologists. Companies such as Medicamat and Adarsh ​​Surgical Works cater to the needs of dermatology clinics by providing advanced hair transplant systems.

Recent developments:

On March 202023, Venus Concept Inc. a global medical aesthetic technology company, has released the latest generation of ARTAS iX, which is widely available to hair transplant doctors worldwide.

On November 292018, NeoGraft, a precision FUE hair restoration technology company, launched a new on-demand hair transplant technique scheduling app for its physician partners.

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Basic purchase information:

The hair transplant systems market is expected to register a CAGR of 21.4% during the forecast period 2023-2030, owing to the increasing demand for efficient and effective hair transplant procedures.

On the basis of product type, the robotic hair transplant system segment is expected to occupy a dominant position owing to the accuracy and precision offered by the robotic systems. Among the types of procedures, follicle transplantation (FUT) is expected to dominate the market due to its established efficacy.

North America is expected to dominate the market due to the presence of advanced healthcare infrastructure and growing demand for aesthetic treatments.

Key players in the market include Venus Concept Inc., NeoGraft and Medicamat, which focus on innovation and technological advancement in the field of hair transplantation.

Overall, the hair transplant systems market presents lucrative opportunities for companies operating in the field of aesthetic medicine. By focusing on developing advanced robotic systems and targeting dermatology clinics as key end users, companies can capitalize on the growing demand for hair transplant procedures. With the right strategies and innovations, players in the market can further drive growth and expansion in the coming years.

Read the full market research report” Global Hair Transplant System Market, By Product Type, By Procedure Type, By Gender, By End User, By Geography, Market Size and Share Analysis – Trends and Growth Forecast 2023-2030“, Published by Coherent Market Insights.

Market Segmentation:

By product type:

By process type:

By Gender:

By End User:

By region:

• • North America

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • United Kingdom

    • Spain

    • France

    • Italy

    • Russia

    • Rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

    • Rest of Asia Pacific

  • Middle East & Africa

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