Global Hair Transplant Market to surpass $ 31 Bn by 2025

December 26, 2019


According to the research report titled ‘Hair Transplant Market Size By Method (Follicular Unit Extraction [FUE], Follicular Unit Transplantation [FUT]), By Product (Gel, Serum, Drugs {Finasteride, Minoxidil}, Multivitamins), By Therapy (Platelet Rich Plasma, Stem Cell Therapy, Laser Therapy), By Gender (Male, Female), By Service Provider (Hospitals, Clinics, Surgical Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Turkey, China, India, Japan, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global hair transplant market is expected to cross USD 31 billion by the year 2025.
 

Growing occurrence of baldness among men and women, in tandem with rising number of patients with hair thinning disorders are driving the hair transplant market growth. The condition of hair loss is usually caused by high dose medications, malnutrition, hormonal imbalance, or stress. Rising prevalence of cancer leading to hair loss will further augment the market outlook.
 

Surging need for hair restoration techniques has compelled key industry players to develop advanced hair transplant surgeries which include FUE (Follicular Unit Extraction) and single session restoration method. However, high cost of surgeries, coupled with unfavorable side effects may hinder the growth of the market.
 

In terms of method, the report cites that FUT (follicular unit transplantation) segment was worth USD 2 billion in 2018 and is expected to register continuous growth during the forecast period. FUT requires shorter time for surgery and is less expensive than its counterpart.
 

As per product type, serum segment of hair transplant market is projected to expand with 25.5% CAGR during the period of 2019-2025. Based on therapy, PRP (Platelet rich plasma) segment held 45% of hair transplant market share in 2018 and is expected to grow during the estimated timeframe. 
 

Speaking of gender, male hair transplant market was worth USD 5 billion in 2018. The growth is attributed to rising per capita income, growing inclination towards maintaining proper physical appearance, and increasing awareness regarding hair transplant products.
 

Elaborating on type of service provider, hair transplant market from surgical centers segment is estimated to amass USD 5.9 billion by the year 2025. Rising prevalence of alopecia areata will stimulate the growth of the segment.
 

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Considering geographical landscape, Brazil hair transplant market is expected to grow with a CAGR of 25% between 2019 and 2025. Growing occurrence of baldness among female due to poor nutrition, genetics, and hormonal changes during menopause are augmenting the demand for hair transplant surgeries across the country.
 

The prominent companies operating in hair transplant market are Restoration Robotics, Bernstein Medical, Hair Transplant Center Turkey, L’Oreal SA, Allergan, Lumenis, Hair Club, and Bosley among others.


Frequently Asked Questions (FAQ) :

Growing occurrence of baldness among men and women, in tandem with rising number of patients with hair thinning disorders are driving the hair transplant market growth. The condition of hair loss is usually caused by high dose medications, malnutrition, hormonal imbalance, or stress. Surging need for hair restoration techniques has compelled key industry players to develop advanced hair transplant surgeries which include FUE (Follicular Unit Extraction) and single session restoration method. Rising prevalence of cancer leading to hair loss will further augment the growth of hair transplant market.
High cost of hair transplant surgeries coupled with unfavorable side effects may hinder the growth of the market.
Brazil hair transplant market is expected to grow with a CAGR of 25% between 2019 and 2025. Growing occurrence of baldness among female due to poor nutrition, genetics, and hormonal changes during menopause are augmenting the demand for hair transplant surgeries across the country.
The prominent companies operating in the hair transplant market are Restoration Robotics, Bernstein Medical, Hair Transplant Center Turkey, L’Oreal SA, Allergan, Lumenis, Hair Club, and Bosley among others.