Hair Transplant Market Projected to Reach US$ 33,527.8 Million by 2033

Hair Transplant Market

By the conclusion of 2023, the global hair transplant market is anticipated to achieve a substantial valuation of US$ 10,143.0 million, with a noteworthy compound annual growth rate (CAGR) of 12.70%. It is poised to exceed an impressive US$ 33,527.8 million by the end of the forecast period.

The hair transplant market is poised for growth during the forecast period, primarily driven by an upswing in disposable income and per-capita spending. Moreover, the rising prevalence of baldness in developed regions like Europe, North America, and Japan presents a lucrative opportunity for the hair transplant industry. Nevertheless, it is important to note that the hair transplant market, like many others, was not immune to the disruptive impact of the COVID-19 pandemic. The pandemic had profound repercussions on both the economy and society. It disrupted the supply chains and value chains of numerous businesses, including those in the hair transplant sector.

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Key Takeaways from Market Study

  • The global hair transplant demand is likely to surge at a 10% CAGR during the forecast period.
  • North America dominates the global hair transplant market, with a market share of 27% and registering a value of US$ 2430 Million
  • Based on method, FUE will expand the fastest, accounting for a market share of 61% over the forecast period.
  • By customer, the male segment will remain the most prominent user, accounting market share of 78% throughout forecast period

“Rising demand for hair transplant surgery, technological advancement in hair transplant procedures and related treatments is projected to drive the growth of the hair transplant market”, says a Fact.MR analyst.

Competitive landscape:

Examples of some of the market participants in the global hair transplant market identified across the value chain include Bernstein Medical, Bosley Inc, Chicago Hair Transplant Clinic, Dermamagnetica, direct Hair Implantation International, Elite Hair Restoration, GETFUE Hair Transplantation Clinic, Hair Palace Clinic, HAIR SURE Hair Transplant Centre, Houston Hair Transplant Center, MAXIM Hair Restoration, National Hair Centers, Natural Transplants Washington, NeoGraft, Nova Medical among others.

Leading market players are looking to expand their existing production facilities in emerging markets and are making strategic investments in technological innovation and R&D initiatives to increase service quality. To achieve a substantial market share in the worldwide hair transplant market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.

Some of the development are as follows –

  • Elite hair restoration introduced SmartGraft®, which is a smart option for both men and women searching for a permanent solution to hair loss. SmartGraft® uses a combination of precision craftsmanship and state-of-the-art technology rather than a scalpel. This procedure can be done with more precision in less time than many other FUE methods. Patients can go back to work in one or two days, and results look and feel completely natural.
  • Natural Transplants Washington – used HUE method i.e. High-Yield Unit Extraction®. This cutting edge procedure is exclusively used by the team of doctors at Natural Transplants Hair Restoration Clinics to produce unsurpassed results and maximum density. The concept is simple–to extract and move the MOST hairs possible in a single session by a highly-skilled doctors and highly efficient technicians, meticulously trained to maximize the donor tissue by limiting transected donor hairs.
  • GETFUE Hair Transplantation Clinic is one of most reputable hair transplantation clinics in Turkey it offers Implanter Pen DHI method of hair restoration and are committed to achieving top results for every patient through experience and innovation.

Key Segments Covered in the Hair Transplant Industry Report:

  • By Type :
  • Surgical
  • Non-surgical
    • Medication
    • Low-Level Laser Therapy (LLLT)
    • Laser Combs and Helmets
    • Micro needling
    • Scalp Tension Reduce Device
  • By Method :
  • FUT
  • FUE
  • By Customer Orientation :
  • Male
  • Female
  • By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa

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Questionnaire answered in the Market outlook Report of Hair Transplant include:

  • What is the key strategy deployed by large players to maximize Hair Transplant Market growth?
  • What are the main challenges faced by players in the Hair Transplant market Demand?
  • With the advent of technological advancement, how will the Hair Transplant market landscape change over the forecast period?
  • What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Hair Transplant market size?

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