Hair Transplant Market Size (2023 – 2030)

The Global Hair Transplant Market is estimated to be worth USD 5.69 Billion in 2023 and is anticipated to reach a value of USD 17.32 Billion by 2030, growing at a fast CAGR of 17.24% during the outlook period 2024-2030.

In most cases, a balding or thinning area receives a modest number of scalp grafts with hair that is removed from a donor site and transferred there. Male pattern baldness is the condition most commonly treated by the method. The success rate of hair transplants is typically higher than that of over-the-counter hair restoration methods.

Restoration of hair in the bald areas of the body is accomplished through a surgical process known as a hair transplant. A hair follicle is removed from the donor site on the body and transplanted into the recipient site, which is the bald area, to complete this surgery. The restoration of hair in bald areas involves a variety of hair transplantation methods, including follicular unit transplantation (FUT), follicular unit extraction (FUE), and combinations of FUT & FUE. The hair transplant procedure is frequently used to treat male pattern baldness, but it can also be utilised to treat female population hair loss and balding.

Global Hair Transplant Market Drivers:

• Expansion of Patients with Higher Disposable Income is proliferating Hair Transplant Market.

Nearly all men and women who suffer from alopecia can benefit from these transplantation treatments thanks to the quick improvements in the hair transplantation industry. The number of patients has increased as a result of the market's success. Men and women are spending primarily on aesthetic procedures in the current context of developing nations because of increased disposable income. The market for hair restoration has grown as a result over time. The American Society of Cosmetic Plastic Surgery estimates that Americans spent almost USD 15 billion on surgical and non-surgical cosmetic procedures in 2021. In addition, according to a poll conducted by Kaya Limited, India has a significant potential market due to its growing disposable income and ambitious middle-class population. Thus, taking into account the aforementioned considerations, it is projected that the market for hair restoration would experience explosive growth throughout the forecast period.

• Increasing Prevalence of Androgenic Alopecia among people is fuelling growth in Hair Transplant Market.

The most frequent procedure performed on males globally is hair transplantation. Men's hair loss is known as androgenic alopecia. Around 35 million American males experience male pattern baldness each year, according to the International Society of Hair Restoration Surgery (ISHRS). Patients may become more interested in hair restoration techniques and treatment choices as a result of this rising occurrence. During the projection period, it is also anticipated that the introduction of innovative techniques and efficient products would draw patients to the hair transplant market. According to ISHRS, the number of hair restoration surgeries has increased by 60% since 2014 as a result of the rising incidence rates of alopecia. Eighty-seven per cent of patients undergoing surgery are men. As a result, it is projected that the market would experience remarkable growth during the forecast period due to the rising patient population and incidence of androgenic alopecia.

Global Hair Transplant Market Challenges:

The high expense of the surgery is likely to limit the expansion of the hair transplant business, even though transplantation technology has demonstrated its efficiency in restoring hair. The cost of a transplant operation varies based on the desired surgical approach. For instance, a study by Robotics found that the average cost of a transplant in the United States is around $16,000, making it the most expensive in comparison to other nations. Additionally, developing nations like India pay on average $3,000 annually. As a result, the high treatment cost will prevent the middle-class populations of the countries from utilising surgical operations.

Global Hair Transplant Market Opportunities:

Robotic transplantation was made possible thanks to ongoing technological advancements. The attempt to provide better results is being increased by the growing number of transplantation centres and clinics for this approach to be successful. During the anticipated time, the adoption of robotic hair transplant procedures will expand the market's reach.

Recent technical developments have made it possible to successfully use a variety of treatments on a rapidly expanding patient population made up largely of men who suffer from alopecia. Patients' growing awareness and higher usage are driving the market for hair transplants forward. An increase in disposable income and an increase in per-capita spending have been seen in emerging economies. Spending on cosmetic operations is high for both men and women. This has caused an increase in the frequency of hair transplant procedures.

COVID-19 Impact on the Global Hair Transplant Market:

The global market for hair transplants is expected to suffer as a result of the COVID-19 pandemic. Global pressure on healthcare systems is a result of the COVID-19 pandemic. Hair transplant procedures have been significantly impacted by the COVID-19 pandemic. A few hospitals and clinics were reorganised to increase hospital capacity for COVID-19 patients. Non-essential surgical procedures are delayed because of the outbreak. The revenue of hair transplant clinics is significantly reduced by non-emergency procedures.

Global Hair Transplant Market Recent Developments:

• Stemson Therapeutics reported in March 2020 that the business has raised more than USD 7.5 million through initial financing, which was organised by Allergan Aesthetics, a provider of medical aesthetics. By harnessing the patient's cells to create new hair follicles, the company was increasing funds for reviving human hair growth.
• Venus Concept Inc., a provider of medical aesthetic technologies, declared in February 2020 that NeoGraft 2.0 would henceforth be sold in Europe with the CE Mark. The follicular unit extraction (FUE) technique is used by NeoGraft 2.0, an automated hair transplant technology, to harvest and implant hair follicles.
• on April 1, 2020, The hair transplant industry is expected to benefit from therapeutic innovations that were made to slow hair loss and increase growth using new kinds of lasers and cutting-edge hair loss techniques, according to experts at the American Academy of Dermatology virtual meeting.
• In 2023 February HairClub stated that it would be extending its geographic reach and launching a new facility in Wildwood, Florida, adding to its more than 120 HairClub Centres located throughout North America and Puerto Rico. This expansion strategy increased the company's clientele as well as revenue.
• A Hermest Hair Clinic-HHC declared in April 2021 that they provided professional hair transplantation services in Turkey. A hair transplant centre in Turkey that offers FUE at a competitive price was just launched, making it a viable option for patients from around the world.

HAIR TRANSPLANT MARKET REPORT COVERAGE:

Global Hair Transplant Market Segmentation Analysis

Global Hair Transplant Market Segmentation: By Type

• Surgical
• Non-Surgical

The market is divided into surgical and non-surgical types based on the kind. In terms of market share and value, the non-surgical category led the world market in 2021. Due to its fewer side effects and immediate outcomes, the non-surgical restoration process is more advantageous than the surgical approach. People are more drawn to non-surgical hair transplantation because of these benefits. For instance, 1,241,764 people globally underwent non-surgical procedures in 2021, according to a survey by the International Society of Hair Restoration Surgery (ISHRS). The segment was dominated in 2022 as a result of the sales of pharmaceuticals, hair loss treatment devices, and non-surgical procedures.

On the other hand, although having a smaller market share in 2021, the surgical procedure category is predicted to grow during the projection period. The success of the surgical operation is responsible for the segmental increase. During the forecast period, it is anticipated that this sector will increase exponentially at the greatest CAGR.

Global Hair Transplant Market Segmentation: By Technique

• Follicular Unit Extraction
• Follicular Hair Transplantation

In 2022, the follicular unit extraction (FUE) method accounted for more than 61% of the market for hair transplants. The FUE treatment is suggested for patients who need numerous hair grafts because of its much higher output. Additionally, follicular unit extraction is anticipated to be more cost-effective and only requires a brief surgical operation, which could hasten segmental development even more. The use of innovative technologies is also helping to increase the popularity of this hair transplant technique. Utilising cutting-edge machinery speeds up the process and increases efficiency while delivering better results.

Global Hair Transplant Market Segmentation: By Gender

• Male
• Female

In 2022, the male gender group accounted for more than 79% of the market for hair transplants. The technical developments in hair loss therapy that promise better patient convenience & increased success rates are the major factors shaping the industry landscape. The popularity of hair transplant treatments among male patients is expected to rise as a result of rising awareness of their benefits and a high rate of post-procedure patient satisfaction.

The massive target market for men who experience hair loss is also anticipated to stimulate the business environment.

Global Hair Transplant Market Segmentation: By Service Provider

• Hospitals
• Clinics
• Surgical Centres
• Others

By 2030, the value of the hair transplant market from the clinic’s segment is estimated to surpass USD 10 billion. This revenue is greatly influenced by factors including patient preferences, the development of clinics, and the growing need for less intrusive procedures. Additionally, clinics put a lot of emphasis on boosting and speeding up post-procedural healing and providing reasonable, top-notch services. The prognosis for the hair transplant industry is also being positively impacted by speciality clinics that offer affordable hair restoration operations and treat Alopecia areata sufferers.

Global Hair Transplant Market Segmentation: By Transplant Surgery Type

• Head Hair Transplant
• Brow Hair Transplant
• Frontal Hairline Lowering

Surgery has divided the hair transplant market data into three categories: head hair transplant, brow hair transplant, and frontal hairline lowering. Due to the growing population, particularly males, who experience various types of hair loss, including alopecia, the head hair transplant is anticipated to hold the greatest market share over the projection period: The category is anticipated to rise throughout the projected period as a result of rising investments in automated robotic surgeries for transplantation technologies.

Additionally, during the projected period, frontal hair lowering is anticipated to have the second-largest market share. It is anticipated that factors including the rising prevalence of male pattern baldness would broaden the segmental increase. More than 2,221,191 hair restoration procedures were carried out globally, according to ISHRS.

Global Hair Transplant Market Segmentation: By Therapy Type

• Platelet Rich Plasma
• Stem Cell Therapy
• Laser Therapy

Based on the kind of therapy, the market is segmented into three groups: platelet-rich plasma, stem cell hair restoration, and low-level laser therapy. Platelet-rich plasma (PRP) therapy demand is expected to increase as a result of the rapid expansion of platelet-rich plasma therapy approaches for treating hair loss. Platelet Rich Plasma (PRP) therapy for hair loss has gained favour recently because it is non-surgical and very slightly invasive. Increased demand for platelet-rich plasma therapy is anticipated during the projection period because of the rising popularity and efficacy of PRP therapy, which is anticipated to recover with the least amount of scarring post-transplantation.

The use of stem cells for hair restoration is a novel and quickly evolving topic in the hair transplant industry. Despite these new developments, stem cell therapy for hair restoration is still in its infancy, and more research is needed to fully comprehend its effectiveness and long-term implications. Additionally, not all clinics that offer stem cell hair restoration treatments have the necessary expertise and technology, so it's important to choose a reputable and capable centre for treatment.

Global Hair Transplant Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Due to the presence of dermatology clinics, Europe holds the second-largest market share for hair transplants. Additionally, the area is home to a large number of clinics that only provide hair transplant services. Additionally, the market is anticipated to grow more rapidly due to developments in the healthcare industry. Additionally, the UK hair transplant market had the quickest rate of growth in the European region, while the German hair transplant market had the largest market share.

From 2022 to 2030, the Asia-Pacific Hair Transplant Market is anticipated to experience the fastest CAGR growth. This is a result of rising hair transplant treatments and rising alopecia incidence in the area. Market share will also expand due to rising foreign player penetration and rising approval rates for sophisticated hair transplant operations in the region. Additionally, the Asia-Pacific region's hair transplant industry saw the highest growth in India, while China held the largest market share.

For instance, the Asia Pacific market is anticipated to receive a larger share of revenue from the Indian hair transplant industry. The market is anticipated to expand as a result of factors like rising acceptance of various hair transplant techniques and the existence of the current hair transplant industry. A sustained market expansion will be aided by increased concerns about appearance and rising consumer knowledge of male pattern baldness in the area.

Global Hair Transplant Market Key Players:

1. Allergan Plc
2. Bernstein Medical
3. Bosley
4. GETFUE Hair Clinics Ltd
5. Hair Restoration BlackRockHRBR
6. Hair Club
7. Venus Concept (NeoGraft)
8. Hairline International Hair and Skin Clinic
9. Hair Transplant Centre Turkey