Author: Vikas Kumar
12 January 2023
The increasing prevalence of hair loss, coupled with the rising costs of cosmetic surgery, is one of the key supporting factors. In addition, advances in hair implants and growing awareness and acceptance are increasing the number of procedures in the United States. For instance, on June 3, 2020, according to the International Society of Hair Restoration Surgery (ISHRS), the number of people seeking proven medical and surgical treatments for hair loss grew 13 percent from 2016 to 2019. Hence, the increasing incidence of hair loss will significantly increase the demand for transplant surgery during the forecast period, thereby driving the growth of the market.
The Hair transplant Market is expected to grow at a steady rate of around 23% during the forecast period (2022-2028) owing to the technological advancements in robotic hair transplantation to propel market growth. The major key players in the market offer hair transplant procedure with technologically advanced features and are continuously focused on developing innovative products to achieve effective transplant procedures and positive outcomes. The ARTAS iX Robotic Hair Restoration System the world’s only robotic hair restoration system is a proprietary, patented and FDA-cleared device.
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Based on the surgical method, the market is segmented into follicular unit transplantation, follicular unit extraction, and others. The follicular unit extraction category is to witness a significant CAGR during the forecast period. A minimally invasive procedure for hair restoration called follicular unit extraction (FUE) is well-known for treating androgenetic alopecia (AGA). In addition, the individual follicular grafts from the donor area are removed and implanted in the recipient area during follicular unit extraction.
Based on gender, the hair transplant market has been classified into male, female, and others. The male category is to witness significant adoption of hair transplants during the forecast period. This is mainly due to the prevalence of alopecia in 60% more males than women, there is a higher adoption of procedures by the male community. Therefore, this dominance is related to the rise in male surgical procedures performed globally.
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For a better understanding of the market adoption of the hair transplant industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as well-established healthcare infrastructure, and the rising number of people with hair loss will influence regional growth and a rise in the number of hair restoration procedures. For instance, In Feb 2018, Venus Concept Ltd., an innovative & privately held global aesthetic technology player, announced acquisition of NeoGraft Solutions’ hair restoration business (NeoGraft). The acquisition was aimed to expand the customer base of the company. Furthermore, the presence of key industry players in the region and an increasing number of product launches are also some of the factors contributing to the market growth.
Some of the major players operating in the market include Bernstein Medical, Bosley, Dermamagnetica Clinic, GETFUE Hair Clinics Ltd, HairClub, Hairline International Hair and Skin Clinic, Venus Concept, Vinci Hair Clinic, Follica, Inc., DHI Global Europe Ltd.
Global Hair Transplant Market Segmentation
Market Insight, by Surgical Method
• Follicular Unit Transplantation
• Follicular Unit Extraction• Others
Market Insight, by Surgery Type
Market Insight, by Gender
• Male
• Female• Others
Market Insight, by Service Provider
Market Insight, by Region
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