Press release
Hair Transplant Market 2019 Top Participants as Bernstein Medical, Cole instruments, MEDICAMAT, Restoration Robotics Inc. Company, Bosley, and Ethics hair instruments | Foreseen to 2023
Hair Transplant Market
Hair Transplant Market - Overview
Global Hair Transplant Market is on its way to reach the value of USD 23,881.9 million by 2023, increasing from USD 4,128.1 in 2016. The market will be clocking in a CAGR of 24% during the forecast period (2016-2023).
Market Drivers and Restraints:
The last couple of decades has noted the medical sector advancing terrifically. The development has aided various new markets to obtain their fair share of recognition. One of the shining instances of this fact is the market for hair transplant, with hair transplant emerging as a boon for those struggling with issues of hair loss. Hair transplant is a surgical methodology wherein the hair follicles from a peculiar part of the body are transferred to the area which is bald. The procedure is successfully utilized for the treatment of hair loss issues in men as well as women.
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It is worth noting that individuals in the modern era are highly concerned about their looks, backed by the the celebrity and media influence. This is one of the aspects that is constantly working in favor of the market. Other factors that positively impact the market other than the above-mentioned ones include higher self and social awareness amongst the masses, increased usage of high dosage drugs, growing annual income, and increasing demand from emerging nations.
The flip side to the growth factors are the various side-effects of the hair transplant procedures, which discourages many to go for the procedure. However, a number of manufacturers of hair loss treatment solutions are striving to provide hair loss solutions with both functional as well as active ingredients that have multifunctional effects. In addition, such innovations by leading hair care manufacturers have spurred the demand of the market.
Key Vendors:
Bosley (U.S.), Cole instruments (U.S.), Bernstein Medical (U.S.), MEDICAMAT (France), Ethics hair instruments (India), and Restoration Robotics Inc. Company (U.S.) are few companies that are contributing to the global hair transplant market.
Industry News:
December 2018 – Chennai’s Stanley Medical College and Hospital will be conducting a three-day workshop to equip the doctors in the state of Tamil Nadu from various government hospitals with the skills and means to be able to undertake such hair transplants. The hospital will also begin to undertake hair transplant surgeries for burns survivors at no cost.
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Market Segmentation
The global hair transplant market is segmented based on surgical methods, surgery and end-user.
Based on surgical methods, the market comprises of Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE).
By type of surgery, the market is segmented into eyebrow transplant, head hair transplant, frontal hairline lowering or reconstruction.
Depending on the end-user, the market caters to trichology clinics, hospitals, dermatology clinics, and others.
Regional Analysis
The global hair transplant market is thriving in the key regions of the Americas, Europe, Asia Pacific and the Middle East and Africa.
At the global level, the Americas accounts for the largest market share and was worth USD 2,240.7 Million in 2016. Among other regions, Asia Pacific secured the second position, acquiring the second largest market share and is also the fastest growing market. The regional market will register a CAGR of 24.3% during the forecast period.
Further, the Europe hair transplant market is making similar strides, growing at a significant rate. The countries in west Europe such as France, Germany, and United Kingdom (UK) account for a major share of the market in the region. UK is considered the fastest growing market for hair transplant the region. The hair transplant market in Europe is predicted to reach the valuation of USD 3,647.3 million by 2023. On the other hand, owing to the lack of knowledge about the treatments, the Middle East & Africa market for hair transplant is slated to grow at a steady pace.
Major TOC of Global Hair Transplant Market Research Report- Forecast to 2023:
1 History and Evolution of Hair Transplant
2 Report Prologue
3 Introduction
4 Research Methodology
5 Market Dynamics
6 Market Factor Analysis
7 Global Hair Transplant Market, Surgical Methods
8 Global Hair Transplant Market, Type of Surgery
9 Global Hair Transplant Market, End-User
10 Global Hair Transplant Market, by Region
11 Company Profile
12 List of Tables
13 List of Figures
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