Hair Transplant Market Overview
Market Research Future (MRFR) predicts the hair transplant market to garner a CAGR of 24 % over the evaluation period of 2017-2023. The market valuation is expected to be worth USD 23,881.9 million by 2023.
The surgical technique of transferring healthy hair follicle from the donor site to a bald site or recipient site is called hair transplantation.
The increasing concern about the aesthetic appeal is identified as a significant driving factor for the global hair transplant market. The changing lifestyle is predicted to triggering the adoption of hair transplant among people. The high rate of success on surgical treatment is likely to bolster the growth of the hair transplant market over the review period. The high rate of hair restoration in males after surgery is also likely to shoot up the growth curve of the global hair transplant market. Strategic agreements, partnership, and mergers are also contributing to the expansion of the global hair transplant market growth. The immense possibilities is bolstering new product launches. This is creating scope for attracting investments for research and developmental activities. These activities are concerned with the enhancement of surgical techniques. Hence, the market is gaining traction for generating revenues. This, in turn, is envisaged to escalate the global hair transplant market growth.
Hair Transplant Market Segmental Analysis
The segmental analysis of the global hair transplant market provides a comprehensive understanding of the market. This helps in the identification of numerous growth opportunities. Thereby, influencing the market growth. The global hair transplant market study has been segmented based on type of surgery, surgical methods, and end-user.
Based on the surgery, the hair transplant market has been segmented into head hair transplant, eyebrow transplant, and frontal hairline lowering or reconstruction. The surgery segment is estimated to exhibit the fastest growth rate.
Based on surgical methods, the hair transplant market has been segmented into follicular unit transplantation and follicular unit extraction. The follicular unit transplantation segment is envisaged to secure the largest share in the market.
Based on the end-user, the hair transplant market has been segmented into dermatology, hospitals, and trichology clinic.
Hair Transplant Market Regional Insights
The regional analysis of the hair transplant market provides information on the geographic progress of the market. Based on the region, the hair transplant market has been studied across the Americas, Europe, Asia Pacific, and the Middle East Asia and Africa.
The Americas is anticipated to lead in the global hair transplant market. Advancements in the hair transplant technologies and its high acceptance among people are anticipated to bolster the regional hair transplant market growth in the coming years. MRFR forecasts, the hair transplant market in the Asia Pacific region is to register a 24.3% CAGR over the assessment period. The presence of influential key players operating in the market, in the Asia Pacific region, is likely to foster the hair transplant market. The European hair transplant market is expected to be the fastest growing market and reach a valuation that is worth USD 3,647.3 million by 2023. The lack of awareness about hair transplantation in the Middle East Asia and African region is accounted for the moderate growth rate of the regional market.
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Hair Transplant Market Players
MRFR enlisted prominent companies operating in the hair transplant market. They are Restoration Robotics Inc. Company (US), Ethics hair instruments (India), Cole instruments (US), Bernstein Medical (US), MEDICAMAT (France), and Bosley (US).
Hair Transplant Industry News
May 2019: Silicon Valley Hair Institute announced as the best hair transplant clinics in San Francisco, California.