The hair transplant market is expected to record commendable growth owing to increasing cases of male pattern baldness and growing demand for platelet rich plasma (PRP) therapy. Factors like cost-effectiveness of these procedures along with recent technological advancements and automation could support the acceptance of hair transplant treatments. Heavy spending on improving physical appearance and an increasing demand for single session hair restoration surgeries will augment market size.
These statistics have laid immense importance on the need for having hair transplant. Estimates claim that about 1 in 5 Americans suffer from hair loss – in fact, people have been on a lookout for products that give them proper results in this field. This factor has compelled various hair transplant leaders to invest in developing products and solutions which prove beneficial to the humans and are relatively economic and fit many pockets.
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The number of people suffering from hair loss has grown exponentially across Middle Eastern countries, compelling a large number of younger men to opt hair transplant procedures. According to recent studies, about 60% of the male population in the Middle East is anticipated to go through hair loss in their lifetime, compared to 40% of the global average. Genetics, stress, medication or illness, water and climatic conditions as well as physiological factors such as ageing and malnutrition are some of the main causes of male pattern baldness.
Demand for hair transplant procedures are considerably higher among male patients that experience early pattern baldness. Genetic predisposition, unhealthy lifestyle and sub-optimal diet are some of the major contributors to male pattern baldness. As per studies, around 25% men having hereditary hair loss issues start losing their hair before 21 years of age. Estimates suggest that the men may record a CAGR of 25.8% by 2025. Rising prevalence of hair loss among young people, awareness about hair transplant products and increasing disposable income are some of the factors leading that will support industry expansion.
When considering the regional outlook of hair transplant industry, it is important to note that China is poised to stand tall in the business hierarchy with an anticipated growth rate of 26 per cent over foreseeable time frame. This can be accounted to the recent technological developments in development of novel therapies and treatment, rising disposable income, and mounting prevalence of hair loss amongst young and mid-age population. Nevertheless, an upsurge in number of multispecialty healthcare facilities that offer hair transplant surgeries would further stimulate the growth curve of China hair transplant market in the near future.
In a nutshell, driven by rising cases of hair loss and technological developments taking place in the business space almost every day, it is quite overt that the global hair transplant market would record a remuneration of USD 40.1 billion and more by 2026.
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Partial Chapter of the Table of Content
Chapter 4. Hair Transplant Market
4.1. Key segment trends
4.2. Hair transplant method
4.2.1. Market size, by region, 2015 – 2026 (USD Million)
4.3. Hair transplant product
4.3.1. Market size, by region, 2015 – 2026 (USD Million)
4.4. Hair transplant therapy
4.4.1. Market size, by region, 2015 – 2026 (USD Million)
Chapter 5. Hair Transplant Market, By Method
5.1. Key segment trends
5.2. Follicular unit extraction (FUE)
5.2.1. Market size, by region, 2015 – 2026 (USD Million)
5.3. Follicular unit transplantation (FUT)
5.3.1. Market size, by region, 2015 – 2026 (USD Million)
Chapter 6. Hair Transplant Market, By Product
6.1. Key segment trends
6.2.1. Market size, by region, 2015 – 2026 (USD Million)
6.3.1. Market size, by region, 2015 – 2026 (USD Million)
6.4.1. Market size, by region, 2015 – 2026 (USD Million)
188.8.131.52. Market size, by region, 2015 – 2026 (USD Million)
184.108.40.206. Hair Transplant Market size, by region, 2015 – 2026 (USD Million)
220.127.116.11. Market size, by region, 2015 – 2026 (USD Million)
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