Hair Transplant Market Rising at 25% CAGR During 2018-2024: Analysis of Key Players Allergan Plc, Beiersdorf AG, Bosley, L'Oreal SA, Lumenis Inc, MEDICAMAT, PhotoMedex Inc., Restoration Robotics Inc., Solta Medical
Hair Transplant Market, Global Hair Transplant Market Size, Hair Transplant Industry, Hair Transplant Market Trends
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. Global Hair Transplant Market will exceed USD 24.8 billion by 2024; as per a new research report. However, factors such as adverse drug side effects, cost of hair loss treatment, lack of reimbursement policies and insurance coverage will be major market growth restraining factors.
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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.
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.
Follicular unit transplantation (FUT) hair transplant method valued around USD 1,824.7 million in 2017. Follicular unit transplantation (FUT), is growing in popularity among patients suffering from hair loss due to factors such as low cost of treatment and hair transplantation is single session. Increasing number of people opting for follicular unit transplantation (FUT) hair transplant procedure in the developing regions will propel the industry growth.
The hair restoration drugs market estimated to witness substantial increase in the market size, with a CAGR of 24.8% from 2018-2024. Increase in consumption of medicines such as finasteride and minoxidil before and after the hair loss treatment will foster ample segment growth opportunities over the forthcoming years.
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China hair transplant market valued over USD 275.7 million in 2017. Increase in prevalence of androgenic alopecia is one of the reasons for rising demand for hair transplant procedure in the country. According to the recent research report it is estimated that, the stress and irregular life patterns causes Chinese people to lose their hair earlier than even before. Moreover, rising disposable income should also empower people to undergo relatively expensive procedures.
Hair transplant stem cell therapy valued at over USD 122.9 million in the year 2017 and is expected to grow at significant rate. According to National Institutes of Health, Androgenetic alopecia is the most common type of hair loss experienced in both males and females. Increasing use of stem cell therapy in hair loss treatment and recent technological advancement in hair restoration therapy will propel the segment growth.
Some of the notable industry players are Allergan Plc, Beiersdorf AG, Bosley, L'Oreal SA, Lumenis Inc, MEDICAMAT, PhotoMedex Inc., Restoration Robotics Inc., Solta Medical, Inc., among others. Industry players focus on increasing their research and development activities by launching innovative technology and enhanced hair transplant procedures. Also, companies carry out merger and acquisition to expand the market at geographic level in order to sustain in the competitive market.
Table of Content:
Chapter 1. Hair Transplant Market Methodology and Scope
Chapter 2. Hair Transplant Market Executive Summary
Chapter 3. Hair transplant Industry Insights
Chapter 4. Hair Transplant Market
Chapter 5. Hair Transplant Market, By Method
Chapter 6. Hair Transplant Market, By Product
Chapter 7. Hair Transplant Market, By Therapy
Chapter 8. Hair Transplant Market, By Gender
Chapter 9. Hair Transplant Market, By Service Provider
Chapter 10. Hair Transplant Market, By Region
Chapter 11. Hair Transplant Market Company Profiles
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Global Hair Transplant Market Research Report 2018
This report studies the global Hair Transplant market status and forecast, categorizes the global Hair Transplant market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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