The global hair transplant market was valued at $4,898.0 million in 2021, and is projected to reach $30,127.3 million by 2031, registering a CAGR of 20.4% from 2022 to 2031. Hair transplantation, is defined as a surgical procedure, which involves removing hair follicles from one area of the body known as 'donor site' and transplanting it to the 'receiver site',. The receiver site is an area of the body that is bald. The hair transplant procedure is most commonly used in treatment of male pattern baldness. The genetically resistant hair follicles from areas of the body such as the back of the head are transferred to the bald scalp during this minimally invasive process.
In addition, hair transplantation can be used to cover scars left behind from accidents or surgeries such as facelifts and prior hair transplants. It is also used to restore hair to the pubic area, chest, eyelashes, eyebrows, and beard. The hair transplant market is driven by rise in number of male baldness, increase in prevalence of androgenetic alopecia, rising prevalence of chronic illnesses which causes hair loss such as hypothyroidism, hyperthyroidism, stress, lupus, and cancer.
Increase in the number of hair restoration procedure anticipated to fuel the growth of hair transplant market. For instance, according to International Society of Hair Restoration Surgery (ISHRS), in 2021, it was reported that 256,835 hair restoration procedures were performed in Asia-Pacific. As per the same source, it was also analyzed that hair restoration procedures have been increased by 31% from 2019 to 2021. In addition, increase in the prevalence of hair loss contributes to drive the hair transplant market.
For instance, increase in prevalence of physical trauma, surgery, serious illnesses or other intense stressors, and skin conditions, are key factors for incidents of hair loss. In addition, the increasing use of critical elements such as harsh style techniques, the use of heat or chemical treatments on hair, upsurge the need for hair transplant procedure. Moreover, global hair transplant market expansion is being fueled by a number of factors, including social pressure and awareness, fast lifestyle change, rising self-consciousness, growing celebrity and media impact, and rising disposable income. Surge in the incidence of hair loss due to chronic dermatological disease known as alopecia contributes to drive the market growth. Moreover, increase in the number of product approval for alopecia treatment by different key players anticipated to propel the growth of hair transplant market. However, high cost of hair transplant procedure is anticipated to restrain the market growth. In addition, side effects associated with hair transplant procedure hamper the market growth.
The hair transplant market is segmented on the basis of procedure, gender and service provider. On the basis of procedure, the market is bifurcated into follicular unit transplantation (FUT), follicular unit extraction (FUE), combination of FUT & FUE and others. The others segment of procedure includes direct hair implantation, and needle-free jet injector hair transplant. On the basis of gender, the market is segmented into female and male. On the basis of service provider market is divided into hospitals and dermatology clinics. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Some of the major companies that operate in the global hair transplant market include Bernstein Medical, Bosley, Dermamagnetica Clinic, GETFUE Hair Clinics Ltd, Hair Club, Hair Doc (Innovator), Hair Palace Clinic, Hair Restoration BlackRockHRBR, Hair sure transplant center, Hair Transplants of Florida, Hairline International Hair and Skin Clinic, Hermest Hair Clinic (Innovator), Limmer Hair Transplant Center, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Venus Concept , and Vinci hair clinic.
In addition, hair transplantation can be used to cover scars left behind from accidents or surgeries such as facelifts and prior hair transplants. It is also used to restore hair to the pubic area, chest, eyelashes, eyebrows, and beard. The hair transplant market is driven by rise in number of male baldness, increase in prevalence of androgenetic alopecia, rising prevalence of chronic illnesses which causes hair loss such as hypothyroidism, hyperthyroidism, stress, lupus, and cancer.
Increase in the number of hair restoration procedure anticipated to fuel the growth of hair transplant market. For instance, according to International Society of Hair Restoration Surgery (ISHRS), in 2021, it was reported that 256,835 hair restoration procedures were performed in Asia-Pacific. As per the same source, it was also analyzed that hair restoration procedures have been increased by 31% from 2019 to 2021. In addition, increase in the prevalence of hair loss contributes to drive the hair transplant market.
For instance, increase in prevalence of physical trauma, surgery, serious illnesses or other intense stressors, and skin conditions, are key factors for incidents of hair loss. In addition, the increasing use of critical elements such as harsh style techniques, the use of heat or chemical treatments on hair, upsurge the need for hair transplant procedure. Moreover, global hair transplant market expansion is being fueled by a number of factors, including social pressure and awareness, fast lifestyle change, rising self-consciousness, growing celebrity and media impact, and rising disposable income. Surge in the incidence of hair loss due to chronic dermatological disease known as alopecia contributes to drive the market growth. Moreover, increase in the number of product approval for alopecia treatment by different key players anticipated to propel the growth of hair transplant market. However, high cost of hair transplant procedure is anticipated to restrain the market growth. In addition, side effects associated with hair transplant procedure hamper the market growth.
The hair transplant market is segmented on the basis of procedure, gender and service provider. On the basis of procedure, the market is bifurcated into follicular unit transplantation (FUT), follicular unit extraction (FUE), combination of FUT & FUE and others. The others segment of procedure includes direct hair implantation, and needle-free jet injector hair transplant. On the basis of gender, the market is segmented into female and male. On the basis of service provider market is divided into hospitals and dermatology clinics. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Some of the major companies that operate in the global hair transplant market include Bernstein Medical, Bosley, Dermamagnetica Clinic, GETFUE Hair Clinics Ltd, Hair Club, Hair Doc (Innovator), Hair Palace Clinic, Hair Restoration BlackRockHRBR, Hair sure transplant center, Hair Transplants of Florida, Hairline International Hair and Skin Clinic, Hermest Hair Clinic (Innovator), Limmer Hair Transplant Center, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Venus Concept , and Vinci hair clinic.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hair transplant market analysis from 2021 to 2031 to identify the prevailing hair transplant market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hair transplant market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hair transplant market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Procedure
- Follicular Unit Transplantation (FUT)
- Follicular Unit Extraction (FUE)
- Combination of FUT and FUE
- Others
By Gender
- Female
- Male
By Service Provider
- Hospitals
- Dermatology Clinics
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Japan
- China
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Bernstein Medical
- Bosley
- Dermamagnetica Clinic
- GETFUE Hair Clinics Ltd
- Hair Club
- Hair Doc
- Hair Palace Clinic
- Hair Restoration BlackRockHRBR
- Hair sure transplant center
- Hair Transplants of Florida
- Hairline International Hair and Skin Clinic
- Hermest Hair Clinic (Innovator)
- Limmer Hair Transplant Center
- Medical Hair Transplants & Aesthetics
- SPRINGS Hair Restoration
- Venus Concept
- vinci hair clinic
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HAIR TRANSPLANT MARKET, BY PROCEDURE
CHAPTER 5: HAIR TRANSPLANT MARKET, BY GENDER
CHAPTER 6: HAIR TRANSPLANT MARKET, BY SERVICE PROVIDER
CHAPTER 7: HAIR TRANSPLANT MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Hair Transplant Market," the hair transplant market size was valued at $4.90 billion in 2021, and is estimated to reach $30.13 billion by 2031, growing at a CAGR of 20.4% from 2022 to 2031. Hair transplant surgery is performed to restore hair in the areas of the scalp, which are bald or that have thinning hair. Baldness is often caused due to poor blood circulation to the scalp, vitamin deficiencies, dandruff, and even excessive hat wearing. In addition, hair loss is primarily caused by a combination of aging, hormonal change, and genetic factor or family history of baldness. Hair restoration is performed with the help of procedures such as follicular unit transplantation (FUT), follicular unit extraction (FUE), motorized FUE without suction, motorized FUE with suction, combination of FUT & FUE.Factors that drive growth of the hair transplant market trends include rise in the number of male populations, increase in number of dermatology clinics, and technological advancement in development of robotics hair transplantation products. Moreover, increase in the prevalence of chronic diseases such as cancer, hypothyroidism, hyperthyroidism which can cause hair loss contributes to drive the hair transplant market growth. For instance, according to report shared by American Cancer Society, in 2021, it was estimated that 1.9 million cancer cases are be diagnosed in U.S. Alopecia, is one of the most common side effects of cancer treatments, such as radiation therapy and chemotherapy. Moreover, increase in the number hair restoration procedures fuels the hair transplant market. For instance, according to report shared by International Society of Hair Restoration Surgery, in 2019, it was reported that 182,025 hair restoration procedures were performed in U.S. In addition, one of the main causes of severe hair loss is people's changing lifestyles around the world. Stress, poor diet, smoking, and increase in sedentary lifestyles are the key factors that cause hair loss.
In addition, the simple changes in lifestyle, such as insufficient sleep, dehydration, ingestion of insufficient amounts of protein-rich meals, and deficiency of essential vitamins & minerals, cause hair loss, among population. Thus, this factor surges the demand for hair transplant procedure, and contributes to drive the growth of market. Rise in number of hair transplant clinics and dermatology clinics fuels the growth of hair transplant market. The reason behind increasing number of dermatology clinic is attributed to increase in number of procedures such as follicular unit transplantation (FUT), follicular unit extraction (FUE), motorized FUE without suction, motorized FUE with suction, combination of FUT & FUE. In addition, increase in the number of professionals who perform hair transplant surgery fuel the growth of market.
The hair transplant procedures are highly popular among men due to increased rate of baldness, which boosts the market growth. Moreover, rise in self-awareness among young population regarding their appearance and increase in the awareness regarding the different hair restoration treatments among population are anticipated to propel the growth of hair transplant market. The hair transplant market is segmented procedure, gender, service provider, and region.
On the basis of procedure, the market is classified into follicular unit transplantation (FUT), follicular unit extraction (FUE), combination of FUT & FUE, and others. The follicular unit extraction (FUE) segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in number of hair transplant clinic to adopt FUE procedure, and rise in the awareness among the people regarding hair transplant techniques. On the basis of gender, it is classified into female and male. The male segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the cases of baldness among the male population.
On the basis of service provider, the market is classified into hospitals and dermatology clinics. The dermatology clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to availability of different hair transplant techniques and increase in expenditure by government to develop the healthcare infrastructure.
North America accounted for a majority of the global hair transplant market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in number of hair transplant procedures, increase in number of approvals for advanced hair transplant procedure, presence of hair transplant industry, and advancements in healthcare sector in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to surge in number of male populations, rise in awareness among young population regarding hair transplant treatment, and growth in health care expenditures.
Key Findings of the Study
- By procedure, the follicular unit extraction (FUE) segment was the highest contributor to the market in 2021.
- By gender, the male segment was the highest contributor to the market in 2021.
- By service provider, the dermatology clinic segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period
Companies Mentioned
- Bernstein Medical
- Bosley
- Dermamagnetica Clinic
- Getfue Hair Clinics Ltd
- Hair Club
- Hair Doc
- Hair Palace Clinic
- Hair Restoration Blackrockhrbr
- Hair Sure Transplant Center
- Hair Transplants of Florida
- Hairline International Hair and Skin Clinic
- Hermest Hair Clinic (Innovator)
- Limmer Hair Transplant Center
- Medical Hair Transplants & Aesthetics
- Springs Hair Restoration
- Venus Concept
- Vinci Hair Clinic
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 236 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4898 million |
| Forecasted Market Value ( USD | $ 30127.3 million |
| Compound Annual Growth Rate | 19.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
