Hair Transplant Market Analysis Focusing on Top Key Players - Allergan Plc, Beiersdorf AG, Bernstein Medical, Bosley, getFUE Hair Clinics Ltd, Hair Restoration Black RockHRBR, Hair Transplant Center Turkey, Hair Transplants of Florida, ILHT Dubai, Limmer

Hair Transplant Market will exceed USD 24.8 billion by 2024; as per a new research report.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.

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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.

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.

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.

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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.

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.

Turkey hair transplant market is one major hubs in the global industry. Accounting for more than 55% share in Europe, it is the prime destination for people around the world. Increasing number of specialist doctors and escalating medical tourism will prove to be high impact rendering factors over the forecast period.

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.

Hair transplant market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Hair Transplant Market by Method
• Follicular Unit Extraction (FUE)
• Follicular Unit Transplantation (FUT)

Hair Transplant Market by Product
• Gel
• Serum
• Drugs
o Finasteride
o Minoxidil
o Others
• Multivitamins
• Others
Hair Transplant Market by Therapy
• Platelet Rich Plasma (PRP)
• Stem Cell Therapy
• Laser Therapy
• Others
Hair Transplant Market by Gender
• Male
• Female
Hair Transplant Market by Service Provider
• Hospitals
• Clinics
• Surgical centers
• Others

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