Thailand Hair Transplant Market: Current Analysis and Forecast (2024-2032)
Emphasis on Surgical Method (Follicular Unit Transplantation, Follicular Unit Extraction, and Others); Surgery Type (Head Hair Transplant, Eyebrow Transplant, Frontal Hairline Lowering, and Others); Gender (Male and Female); Service Provider (Hospitals, Trichology Clinics, Dermatologic Clinics, Surgical Centers, and Others)
Thailand Hair Transplant Market Size & Forecast
The Thailand Hair Transplant Market was valued at approximately ~USD 100.37 million in 2023 and is expected to grow at a strong CAGR of around 12.9% during the forecast period (2024-2032) owing to the rising demand for sustainable personal care products.
Thailand Hair Transplant Market Analysis
The Thailand hair transplant market has grown significantly recently, driven by rising chronic disorders leading to hair loss. Increasing cases of hair-related disorders, rising medical tourism, government initiatives, and the growing number of hair transplant procedures are anticipated to boost the market. Company collaborations and innovative product launches also drive the industry’s growth.
For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS) International Survey 2022, 7.1 percent of plastic surgeons performed hair transplantation surgical procedures in Thailand.
Moreover, In December 2022, the Public Health Ministry introduced the “Health for Wealth” concept to promote medical tourism. This initiative aims to strengthen the country’s economic state.
For instance, in November 2022, the Cabinet approved a 90-day stay permit for people seeking medical treatment. Additionally, Thailand announced that it will issue one-year visas to medical tourists, as the country represents itself as a global hub for healthcare tourism.
Thailand Hair Transplant Market Trends
This section discusses the key market trends that are influencing the various segments of the Thailand hair transplant market, as identified by our team of research experts.
Rising Technological Advancements in Hair Transplant Surgeries Transforming Industry
The rising trend of technological advancements in hair transplant surgeries is boosting the growth of the hair transplant market in the region. People are gaining more interest in going for non-invasive or minimally invasive treatment procedures, which instigates the market competitors to adapt suitable user-friendly devices. Companies aimed at manufacturing hair transplant-aiding devices are focusing more on AI-integrated systems, which would be easier to operate and access. For instance, in March 2023, Venus Concept Inc., a global medical aesthetic technology leader, launched its latest generation of ARTAS iX, a new standard for hair transplantation that leverages cutting-edge robotics, machine vision, artificial intelligence, and machine learning technologies. Ongoing trends are presenting newer opportunities for competitors in the market. Hence, technological advancements in hair transplant surgery are transforming the future aspects of the hair transplant industry.
Thailand’ Hair Transplant Market is Expected to Grow with Significant CAGR During Forecast Period
The region’s rapid urbanization, rising investments in the consumer goods industry, the growing cases of hair loss, owing to the rising demand for these hair treatments, increasing chronic diseases, rising medical tourism, the surge in government initiatives, and the presence of several market players are the major factors boosting the market’s growth in the country.
In February 2024, Thailand released a medical coverage scheme. This campaign offers USD 14,000 to foreign tourists in case of accidents and over one million baht in case of death, all in good faith to increase confidence in travel safety.
In November 2022, according to an article published in the National Library of Medicine, the prevalence of type 2 diabetes mellitus (T2DM) among adults in Thailand increased from 7.5% in 2009 to 11.6% in 2021.
Thailand Hair Transplant Industry Overview
The Thailand hair transplant market is competitive, with several market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new type launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are DHI Global Europe Ltd.; BHC Bangkok Hair Clinic; He Clinic for Men; Asthetica; HAIRSMITH CLINIC; THE BANGKOK COSMETIC CENTER; Advanced Hair Clinic; Aesthetic Answer Co., Ltd; Medical Departures; Harley St. Hair Centre Co., Ltd.
In February 2024, Thailand released a medical coverage scheme. This campaign offers USD 14,000 to foreign tourists in case of accidents and over one million baht in case of death, all in good faith to increase confidence in travel safety.
In July 2022, Henkel acquired Shiseido Company, Limited’s professional hair business. The business comprises leading professional hair brands under the licensed Shiseido Professional brand, such as Sublimic and Primience.
In March 2022, personal care chemical specialist Azelis acquired a significant stake in Thailand-based Catalite, a personal and home care chemical company.
Thailand Hair Transplant Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, type portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The Thailand hair transplant market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Thailand Hair Transplant Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Thailand hair transplant market were the three major steps undertaken to create and analyze the adoption of Thailand hair transplant in major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Thailand hair transplant market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Thailand hair transplant market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Thailand hair transplant market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as surgical method, surgery type, gender, and service provider. Further regional-level analyses were conducted to evaluate the overall adoption of testing models in that nation.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Thailand hair transplant market. Further, we conducted factor analysis using dependent and independent variables such as surgical method, surgery type, gender, and service provider of the Thailand hair transplant market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and type launches in the Thailand hair transplant market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Thailand hair transplant market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Thailand hair transplant market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Thailand hair transplant market in terms of types offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Thailand hair transplant market. Data was split into several segments and sub-segments after studying various parameters and trends in the areas of the surgical method, surgery type, gender, and service provider in the Thailand hair transplant market.
The main objective of the Thailand Hair Transplant Market Study
The current & future market trends of the Thailand hair transplant market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Thailand hair transplant market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the surgical method, surgery type, gender, and service provider.
- Define and analyze the regulatory framework for the Thailand hair transplant
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Thailand hair transplant market for the major region.
- Company profiles of the Thailand hair transplant market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the Thailand hair transplant market's current market size and growth potential?
Q2: What are the driving factors for the growth of the Thailand hair transplant market?
Q3: Which segment has the largest share of the Thailand hair transplant market by surgical method?
Q4: What are the emerging technologies and trends in the Thailand hair transplant market?
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