Hair transplant market Statistics 2024 | Prominent Players: Allergan Plc, Beiersdorf AG, Bernstein Medical, Bosley, Hair Restoration Black RockHRBR

Global Hair Transplant Market size is set to exceed USD 24.8 billion by 2024; according to a new research study published by Global Market Insights, Inc.

Prominent industry players include include Allergan Plc, Beiersdorf AG, Bosley, L'Oreal SA, Lumenis Inc, MEDICAMAT, PhotoMedex Inc., Restoration Robotics Inc., Solta Medical, Inc. The industry players use new and innovative strategies such as improving their manufacturing footprint, merger and acquisition, new product launches and geographical expansion for improving their market place.

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Increase in number of people suffering from hair loss problem such as androgenic alopecia, male pattern baldness and female pattern hair loss will augment the hair transplant market growth over the forecast period. According to NHS UK, every 2 people in 1000 is affected by alopecia areata in UK. This substantial increase in people suffering from hair loss will foster market growth opportunities in the forthcoming years.

Rising importance of physical appearance in developing regions of Asia Pacific will induce significant uptick in demand for hair transplant procedures. Asian population develop pattern hair loss at some point of time in their life. Studies and statistics show that Asian population are facing hair loss problems in the early 20s, in near future this stratum of population is most likely to opt for hair transplant or restoration therapies.

Follicular Unit Extraction (FUE) transplant method is anticipated to experience robust growth in foreseeable future, estimated to grow at a CAGR of 29.0% from 2018-2024. Recent technological advancements in neograft device, powered cole isolation device (PCID), powered surgically advanced follicular extraction (SAFE) system and robotic ARTAS system have resulted in minimizing post-surgery complications and increased patient acceptance, propelling the segment growth.

Multivitamins product market held significant share in total market value in year 2017, accounted for USD 163.1 million. Increase in consumption of multivitamins in order recuperate from the hair loss procedure and to control the hair fall will boost their demand. Moreover, unhealthy lifestyle and aging in developed economies will lead to vitamin deficiency and hair loss augmenting industry growth.

Platelet Rich Plasma (PRP) transplant therapy market will witness substantial growth, expanding at a robust CAGR of 24.8% over the forecast timeframe. Increasing application of Platelet Rich Plasma (PRP) therapy in hair loss treatment in order to improve hair regrowth will create ample amount of market growth opportunities in near future.

Male hair transplant market segment held maximum marker share with a value of USD 4,166.0 million in 2017. Increase in number of male pattern baldness cases owing to genetic predisposition will be a major factor increasing the adoption of hair transplant procedures in males. It is estimated that about 35 million males in U.S. alone are affected by male pattern baldness owing to aging population and genetics that will lead to segment growth.

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U.S. hair transplant market is estimated to grow at a CAGR of around 24.5% over the forecast period. According to The Hair Society, around 35 million males and 21 million females suffer from hair loss problem in the United States. Increase in number of people with hair loss along with recent technological advancement in the field of hair transplant procedure will enhance industry growth.

U.K. hair transplant market is anticipated to grow at a robust CAGR of 25.4% in the forecast period. Rapidly rising incidences of male pattern baldness cases coupled with sub-optimal nutrition due to lifestyle changes in UK will drive the demand over the projection years. Adoption of new technologies like FUE procedures over FUT procedures in public healthcare system by the surgeons will escalate market growth.

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This release was published on openPR.