As per our research report, the global Hair Restoration Services Market size is estimated to be growing at a CAGR of 18.2% from 2023 to 2030.
The hair Restoration Services Market plays an important role in the healthcare and cosmetic industry. Hair Restoration Services offers solutions to hair problems like hair loss, hair thinning, and baldness. Hair restoration is needed for medical conditions like hormonal imbalances and other diseases. Hair restoration services provide treatments to boost hair growth and hair density. Hair Restoration Services addresses thinning or balding on the scalp. The Hair Restoration Services Market is expected to grow significantly in the coming years due to the advanced technologies and Social Media Influence. Modern Lifestyles and Hair Health issues, Shifting Beauty Standards, and Aging Population are the main drivers for the Hair Restoration Services Market. Social media platforms and Influencers are promoting the Hair Restoration Services Market. Hair restoration technologies, such as robotic transplant systems improved treatment effectiveness with quicker recovery times.
The COVID-19 pandemic had a significant impact on the Hair Restoration Services Market. During the COVID-19 starting stage, lockdowns and travel restrictions declined the Hair Restoration Services Market. Clinics and treatment centers were closed due to the lockdown. After some time, a greater shift which mainly focused on health issues including hair restoration was seen. Clinics adopted telemedicine and remote consultations without physical contact. Virtual consultations and digital marketing were common during the pandemic. Some patients suffered hair loss due to COVID-19. They tend to seek hair restoration services more. Clinics followed strict hygiene and safety protocols like sanitization, social distancing, and protective equipment. Individual Health Considerations were given priority at that time. Slowly conditions changed and the market tended to grow afterwards.
In 2018, Restoration Robotics released a 9x ARTAS robotic transplant system/procedure. which is faster and more accurate. This is a revolutionary technology that is currently being researched by hair transplant clinicians and researchers. The system makes use of cutting-edge robotic technology and it has also been integrated with AI (Artificial Intelligence) technology to improve productivity, and system capabilities and to decrease human errors.
The restraints to the Hair Restoration Services Market mainly include the Risk of Complications and Side Effects, High Cost of Procedures, Perception of Elective Treatment, Alternative Treatment Options, Individual Health Considerations, and Regulatory and Compliance Challenges.
KEY MARKET INSIGHTS:
Based on market segmentation by Procedure, the Follicular Unit Extraction (FUE) segment holds the highest share of the market. It has a global share revenue of 70%. This is mainly due to the relocation of individual hair follicles to areas where hair is thinner. Follicular unit Extraction (FUE) is also called grafting. With Follicular Unit Extraction, more hair is produced. Also, the survival rate of Follicular Unit Extraction is 100%. Follicular unit Transplant (FUT) is the fastest-growing segment during the forecast period. It has a global share revenue of 28.8%.
Based on market segmentation by Therapy, Platelet-rich Plasma (PRP) holds the highest share of the market. It has a global share revenue of 38%. Platelet-rich Plasma promotes hair regeneration and less transplanted hair fall. It also increases graft production and decreases graft transactions. Platelet-rich Plasma (PRP) success rate of hair regeneration is 75%
Based on market segmentation by Recipient Area, the scalp segment holds the highest share of the market. This is mainly due to the increasing popularity of scalp treatment with developments in innovative products. Males and women with thin hair are major users in this segment.
Based on market segmentation by End User, Clinics hold the highest share of the market. This is mainly because most of the branded hair restoration service providers have their private clinics. These clinics have well-equipped facilities. These provide services like Follicular unit Extraction (FUE), Follicular Unit Transplant (FUT), and laser treatments. Hospitals are the fastest-growing segment during the forecast period
Based on market segmentation by region, Asia Pacific holds the highest share of the market. It has the largest share of 27%. This is due to several factors. A major factor is the increasing technological advancement. Also, there is an increase in number of people opting for hair restoration procedures. Middle East and Africa also have significant market share. About 188,360 surgical hair transplants were performed in this region in 2019. North America is the region that is growing at the fastest pace during the forecast period. This is mainly due to the well-established hair restoration services. There are a large number of technologically equipped clinics.
Companies playing a leading role in the Hair Restoration Services Market profiled in this report are – Bernstein Medical, Cole Hair Transplant Group, Elite Hair Restoration, Aderans (Hair Club), Lexington Intl. LLC, Illumiflow, National Hair Centers, NovaGenix, Thera dome, Venus Concept
Follicular unit Extraction (FUE)
Follicular unit Transplant (FUT)
Lower-Level Laser Therapy (LLLT)
Stem cell Hair Restoration
Platelet-rich plasma (PRP)
And other treatments
Scalp
Non-scalp
Hospitals
Clinics
And Other End Users
North America
Asia-Pacific
Europe
South America
Middle East and Africa
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