Hair Transplant Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Surgical Method (Follicular Unit Transplantation, Follicular Unit Extraction, Others); Surgery Type (Head Hair Transplant, Eyebrow Transplant, Frontal Hairline Lowering, Others); Gender (Male, Female, and Others); Service Provider (Hospitals, Trichology Clinics, Dermatologic Clinics, Surgical Centers, Others); and Region/Country
Global Hair Transplant Market is expected to grow at a significant rate of around 23% during the forecast period 2022-2028. Hair transplantation involves removing small punch grafts from the hair-bearing scalp or a larger piece of this scalp from a donor area and cutting these into smaller pieces to use as grafts. These grafts are then relocated to a bald or thinning area of the scalp. With the rapid advancement of the hair transplant market, almost all men and women with alopecia can be successfully treated with these transplant techniques.
The Hair transplant Market is expected to grow at a steady rate of around 23% owing to the increasing prevalence of androgenic alopecia. Androgenetic alopecia (AGA) is the most common type of hair loss in men and women. The prevalence of AGA tends to increase with age. Nearly 30% of Caucasian men will have AGA by the age of 30 years, and 50% by the age of 50 years. This increased prevalence may make patients excited about hair growth techniques and treatment options. For instance, on April 22, 2022, According to the International Society of Hair Restoration Surgery (ISHRS), 68% of members reported performing an average of one procedure per patient in 2021 to achieve the desired hair restoration result. Thus, the growing focus and investment of key stakeholders in the research and development of technologically advanced devices is further expected to support market growth.
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. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Surgical Method, Follicular Unit Extraction category to witness significant CAGR during the forecast period”
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. Follicular unit extraction (FUE) hair transplants are done by taking individual hair follicles out of your skin and implanting them elsewhere on your body. This will make the hair in the new area look thicker which will drive the segment.
“Amongst gender, the male to hold a significant share in the market in 2020”
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 dominance is related to the rise in male surgical procedures performed globally. Due to the prevalence of alopecia in 60% more males than women, there is a higher adoption of procedures by the male community
“Amongst the service provider, the hospitals to hold a significant share in the market in 2020”
On the basis of the service provider, the market is categorized into hospitals, trichology clinics, dermatologic clinics, surgical centers, and others. Among these, the hospitals to hold a significant share of the market in 2020. The patient population prefers hospitals and clinics because they have a more developed medical infrastructure. Due to the quick adoption and installation of newly introduced technologies by hospitals and clinics and the availability of sufficient funding. The raising consciousness about the treatment methods owing to the rising concerns is expected to drive the industry at an exponential rate during the forecast period.
“North America to hold a significant share in the market”
In 2020, 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 April 2021, According to experts at the American Academy of Dermatology virtual meeting, there are innovations in therapeutics which aimed at slowing hair loss and increasing hair growth using new types of lasers and futuristic hair restoration techniques like robotics. 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. Moreover, it is expected that the market will continue to grow at a steady rate during the forecast period owing to the high-income levels of the consumers in the region coupled with rising awareness about the treatment methods.
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, product portfolio, 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.
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|2.1.||Research Process of the Hair Transplant Market|
|2.2.||Research Methodology of the Hair Transplant Market|
|5||IMPACT OF COVID-19 ON THE HAIR TRANSPLANT MARKET|
|6||HAIR TRANSPLANT MARKET REVENUE (USD BN), 2020-2028F|
|7.1.||Follicular Unit Transplantation|
|7.2.||Follicular Unit Extraction|
|8.1.||Head Hair Transplant|
|8.3.||Frontal Hairline Lowering|
|11.1.3.||Rest of North America|
|11.2.6.||Rest of Europe|
|11.3.4.||Rest of Asia-Pacific|
|11.4.||Rest of World|
|13||HAIR TRANSPLANT MARKET OPPORTUNITIES|
|14||HAIR TRANSPLANT MARKET TRENDS|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Porters Five Forces Analysis|
|18.4.||GETFUE Hair Clinics Ltd|
|18.6.||Hairline International Hair and Skin Clinic|
|18.8.||Vinci Hair Clinic|
|18.10.||DHI Global Europe Ltd.|
Research Methodology for the Hair Transplant Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global hair transplant market were the three major steps undertaken to create and analyze the adoption of hair transplants in major regions globally. 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 global 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:
Detail secondary study was conducted to obtain the historical market size of the 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 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 a surgical method, surgery type, gender, and service provider. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
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 Hair Transplant market. Further, we conducted factor analysis using dependent and independent variables such as the rise in the number of hair restoration procedures of hair transplants. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the 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 global 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 2028 for different segments and sub-segments across the major markets globally. 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 hair transplant market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global hair transplant market in terms of products 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
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 global hair transplant market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the surgical method, surgery type, gender, and service provider in the global hair transplant market.
The main objective of the Global Hair Transplant Market Study
The current & future market trends of the global 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 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 analysis of the regulatory framework for the 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 hair transplant market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the 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