Hair Transplant Market

Hair Transplant Market Outlook (2022 to 2032)

The global hair transplant market is projected to be valued at US$ 10143.0 Million by the end of 2023, rising at 12.70% value CAGR, likely to surpass a valuation US$ 33527.8 Million by the end of the said forecast period.

Report Attributes	Details
Anticipated Base Year Value (2022)	US$ 9000.0 Million
Expected Market Value (2023)	US$10143.0 Million
Projected Forecast Value (2032)	US$ 33527.8 Million
Global Growth Rate (2023 to 2033)	12.70%
Market share of North America (2023 to 2033)	27%
Anticipated share of Asia Pacific Market (2023 to 2033)	35%
Prominent Players in The Global Market	Bernstein Medical; Bosley Inc; Chicago Hair Transplant Clinic; Dermamagnetica; Direct Hair Implantation International; Elite Hair Restoration; GETFUE Hair Transplantation Clinic; Hair Palace Clinic; HAIR SURE Hair Transplant Centre; Houston Hair Transplant Center; MAXIM Hair Restoration; National Hair Centers; Natural Transplants Washington; NeoGraft; Nova Medical

Hair Transplant Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033

An increase in disposable income and per-capita spending is likely to drive the hair transplant market over the course of the forecast period. The increased rate of baldness the in population in developed regions such as Europe, North America, and Japan presents a lucrative opportunity for the hair transplant industry.

The COVID-19 pandemic wreaked havoc on the economy and society. Several firms' supply chains and value chains were affected by the pandemic. The market for hair transplant is no exception. Due to large-scale bans and shutdowns, travel restrictions, and a halt in non-emergency procedures, the global pandemic of COVID-19 harmed hair transplant product sales growth.

Hair transplant is gaining popularity among the different ages groups as hair loss can be a highly distressing condition, so it's no wonder that people are willing to go to great lengths - and expense - to achieve a fuller head of hair. Market players are also attempting to deliver comprehensive solution ideas particularly to end users, which is assisting hair transplant industry growth.

As per Fact.MR, a market research and competitive intelligence provider, the global market was valued at US$ 9000.0 Million in 2022.

Prominent Hair Transplant Industry Growth Drivers

Technological advancement to drive the market growth

The growing number of people suffering from hair loss is the main driver fuelling the demand for hair transplants. The increasing focus on personal grooming and appearance and the increased number of hair transplant service providers are likely to boost the market growth throughout the forecast period.

In addition, increasing the success rate of these procedures and technological advancements in hair transplant devices boost the market growth. Also, the rising demand for single-session hair restoration surgeries and increased adoption of hair transplant procedures will fuel market growth. Additionally, cost-effective and technological advancement led to increased demand for hair transplant procedures.

For instance, the NeoGraft system introduced the automation of the FUE technique and is the most advanced technique in the hair transplant industry. This system uses pneumatic controls to precisely extract complete individual hair follicles which can be immediately transplanted to the selected areas of the scalp.

The availability of state-of-the-art technology and evaluated medical solutions have been key drivers in the growth of hair transplant industry. Market players are heavily investing in research and product innovation to develop tailor-made solutions in combating growing hair-fall challenges to sustain business growth. With innovation and efficient service delivery, the industry is poised to grow throughout the forecast period.

The growing lifestyle alteration across the globe drives the market growth

Unhealthy lifestyle patterns and increasing stress levels will contribute to the growth of the market. The key factors propelling the growth of the hair transplant market are the increasing popularity of hair transplants and the increasing prevalence of various forms of dermatological disorders leading to hair loss. For instance, 35 million men and 21 million women worldwide suffer from alopecia or hair loss. More than 650,000 of them opt for hair transplantation as the most effective treatment option.

The unhealthy eating habits of adults and teenagers as well as the rising prevalence of stress and workload, and the mounting demand for technological advancement in cosmetics and skincare are also significant factors flourishing the growth of the hair transplant market. Increasing spending on healthcare will also make sure high industry growth over the forecast period.

Increased awareness for healthy hair and scalp drives the market over the forecast period. Other factors responsible for the market growth include increased baldness in men and women due to genetic factors and increased awareness regarding technologically advanced minimally invasive transplant treatment methods.

Which Market Challenges Are Hampering Hair Transplant Market Sales?

High costs associated with surgical procedures limit the market growth

Currently, many developing and underdeveloped nations lack hair care treatment owing to its side effects, high treatment cost, and absence of reimbursement policies in developing countries.

The treatment cost of hair transplants is the main factor restraining the market growth. However, stringent regulations for product approvals and a lack of reimbursement policies are the factors that hinder the market growth of the hair transplant market globally. Additionally, the market is hampered by the risk and side effects involved in these treatments and the availability of alternative treatments.

Comparative View of Hair Transplant Markets

Hair Transplant Market :

Attributes	Hair Transplant Market
Growth Factor	Growing awareness regarding hair transplant and the growing prevalence of successful hair transplant surgeries to boost the market growth.
Opportunity	The increasing number of people suffering from hair loss is expected to provide opportunities for the growth of the hair transplant market.

Hair Grooming Products Market :

Attributes	Hair Grooming Products Market
Growth Factor	An increasing number of salon and professional hair care centres and increased adoption of hair care products by men is likely to drive the hair grooming product market.
Opportunity	Increasing investment in research & development of novel organic hair care products to meet consumer demand and improve functionality is expected to favor the hair growth grooming product market.

Hair Gloss Market :

Attributes	Hair Gloss Market
Growth Factor	Increasing popularity of various hair styling techniques is one of the factors improving the growth of the hair gloss market.
Opportunity	Increasing number of hair salons and hair care services and the increased popularity of hair coloring provides the opportunity for the growth of the hair gloss market.

Regional Outlook

What is the Growth Outlook for Hair Transplant in North America?

Higher Spending by The Consumer Will Remain the Chief Driver in North America

Higher ding Power by Consumers Remains the Main Driver in The North America. According to Fact.MR, demand for hair transplant in the U.S is likely to expand at a 12.50% value CAGR until 2033.

The factors enabling the growth in U.S. is surging disposable income of consumer and the desire for improved physical appearance is fueling the demand for self-grooming services like hair transplant

Growth is attributed to the increasing number of hair transplant surgeries performed in the region. Also the presence of hair transplant service providers in the region to boost market sales.

How do Growth Prospects Appear in the Asian Market?

Technological Advancement in Hair Transplant Systems to Drive the Market Growth in Region

The hair transplant market in the Asia Pacific is expected to account for 35% of the market share in 2023 and is expected to accelerate during the analysis period.

Asia Pacific witnessed a high demand for hair transplants owing to the increasing number of hair transplant procedures and the increase in awareness among the youth regarding hair transplant procedures. The region has high awareness regarding aesthetic procedures and people opting for cosmetic procedures have also seen a surge.

Moreover, technological advancement in emerging economies India and China is another factor driving the market growth. According to Global Times, a recent survey by the China Association of Health Promotion and Education reveals that China's hair loss population stands at 250 million and most of them are between 20 and 40 years old. The rising incidence of such conditions is expected to boost the market in the region.

Category wise Insights

Why is the Popularity of FUE is rising Rapidly?

FUE Is Gaining Traction Owing to Faster Recovery

According to FactMR’s data, the preference for the FUE segment is expected to expand with a market share of 61% over the forecast period. In the FUE type hair transplant is done by taking individual hair follicles from the skin and moving them to another part of the body where the hair is thinner or absent; also known as grafting. This method of extraction involves several tiny, round incisions or punctures scattered throughout the donor area.

FUE transplant has increased in demand due to the fact that it is less invasive than Follicular Unit Transplantation FUT, virtually undetectable scarring, faster recovery, and patient comfort. Also. Increasing adoption of FUE technique by surgeons and increased number of alopecia cases is likely to boost the segment growth.

What drives the sales of hair transplant products in Men?

The Increasing Prevalence of Baldness Among Men to Push Sales

The male segment dominates the market in 2023 and is expected to continue this trend throughout the forecast period due to an increase in the number of male population suffering from baldness due to the stress and increasing number of surgeries taken by males across the globe.

According to the research, by the age of 50 nearly 85% of males experience significant hair loss. This will result in increased adoption of hair transplant techniques. Also, the growing preference for personal grooming and appearance is further driving the market value. The segment is expected to account for a market share of 78% with a market value of 7020 million over the forecast period.

On the other hand, the female segment is also expected to grow at a significant CAGR during the forecast period. For instance, according to experts a very small percentage of women candidates opt hair transplant surgery. Only about 2% to 5% of women with hair loss will benefit from this type of procedure. The female segment accounts for a market share of 22%.

Start-Ups for Hair Transplant Market

The start-ups in the hair transplant market are indulging in collaboration and continually making innovations in the procedures of hair transplant to further make it convenient and cost-effective for the population. Some key start-ups in the hair transplant market include – AKESO, Stemson, Beyou Plus, ArtasiX, Hair Clone among others.

• Hairtransplant.ai was founded with the mission to transform the hair treatment sector using state-of-the-art technologies with best-in-class Surgeons, AI engineers, and healthcare personals who are committed to empowering the hair treatment sector with new capabilities using AI.
• Founded in 2014- BeYouPlus is an online portal for consumers to compare prices of cosmetic medical procedures and book a procedure online. Users can search for providers and compare the offering of various cosmetic procedures like laser hair removal, chemical peels, hair transplant, liposuction, among others. The platform also provides detailed information on all the listed providers including experience, qualifications, and ratings.
• Founded in 2019 - ARTAS iX is an US based startup founded in 2019 provides a robotic hair restoration procedure. ARTAS iX delivers results using advanced digital imaging and physician-assisted robotics to preserve and transplant healthy grafts.

• Founded in 2015 - HairClone provides hair cloning services for treating hair loss. They provide services including optimizing extraction of hair follicles, shipment to banking facility, optimizing the implantation clinical protocol, developing monitoring systems, hair follicle banking services, and others.

Competitive Landscape

Examples of some of the market participants in the global hair transplant market identified across the value chain include Bernstein Medical, Bosley Inc, Chicago Hair Transplant Clinic, Dermamagnetica, direct Hair Implantation International, Elite Hair Restoration, GETFUE Hair Transplantation Clinic, Hair Palace Clinic, HAIR SURE Hair Transplant Centre, Houston Hair Transplant Center, MAXIM Hair Restoration, National Hair Centers, Natural Transplants Washington, NeoGraft, Nova Medical among others.

Leading market players are looking to expand their existing production facilities in emerging markets and are making strategic investments in technological innovation and R&D initiatives to increase service quality. To achieve a substantial market share in the worldwide hair transplant market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.

Some of the development are as follows -

• Elite hair restoration introduced SmartGraft®, which is a smart option for both men and women searching for a permanent solution to hair loss. SmartGraft® uses a combination of precision craftsmanship and state-of-the-art technology rather than a scalpel. This procedure can be done with more precision in less time than many other FUE methods. Patients can go back to work in one or two days, and results look and feel completely natural.
• Natural Transplants Washington - used HUE method i.e. High-Yield Unit Extraction®. This cutting edge procedure is exclusively used by the team of doctors at Natural Transplants Hair Restoration Clinics to produce unsurpassed results and maximum density. The concept is simple--to extract and move the MOST hairs possible in a single session by a highly-skilled doctors and highly efficient technicians, meticulously trained to maximize the donor tissue by limiting transected donor hairs.
• GETFUE Hair Transplantation Clinic is one of most reputable hair transplantation clinics in Turkey it offers Implanter Pen DHI method of hair restoration and are committed to achieving top results for every patient through experience and innovation.

Key Segments Covered in the Hair Transplant Industry Report

• By Type:

  • Surgical
  • Non-surgical
    • Medication
    • Low-Level Laser Therapy (LLLT)
    • Laser Combs and Helmets
    • Micro needling
    • Scalp Tension Reduce Device

• By Method:

  • FUT
  • FUE

• By Customer Orientation:

  • Male
  • Female

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa