Hair Transplant Market Analysis By Size, Share, Growth, Trends And Industry Forecast 2020- 2025

The global hair transplant market accounted to US$ 5,272.1 Mn in 2017 and is expected to grow at a CAGR of 23.6% during the forecast period 2018 - 2025, to account to US$ 28,627.6 Mn by 2025.

North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period. North American market is driven by the factors such as, government initiatives, investments made by the major companies, conferences held for the awareness regarding hair transplant.

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Product launches and approvals were observed as the most adopted strategy in global hair transplant industry. Few of the recent product launches and approvals made by the players are listed below;

2018: In March, 2018, HairMax received ANVISA approval for laser devices. Also, Restoration Robotics Received US FDA 510(k) clearance for implantation function.

2016: In February, 2016, Hair restoration leader, capillus launches newest FDA-cleared solution for hair loss: capillus202 mobile laser therapy cap.

Company Profiles:

Cole Instruments Inc.,
CAPILLUS,
LaserCap Company
Apira Science
Harris FUE Instruments
HairMax Inc.
THERADOME
FueInstrument
Shaanxi Xingmao Industry Co., Ltd
Restoration Robotics, Inc.
Market Insights:

Rise in the Number of Surgical Hair Restoration Procedures

In recent years, there has been a considerable rise in the number of surgical hair restoration procedures. Hair transplant surgery offers benefits such as, original hair color and appearance, and the results are permanent. The process is completely safe and does not include harmful chemicals that might cause harm to the individual. The above stated factors are responsible for the increase in the demand for hair transplant procedures worldwide. This gradual increase in the number of hair transplant surgeries is anticipated to increase the demand for transplant in the forecast period.

Increase in the Number of Hair Transplant Procedures among Men

Hair transplant procedures have been opted by men on a large scale in the past few years. Since men are more prone to baldness, they hold maximum share as the users of hair transplant procedures. According to the International Society of Hair Restoration Surgery, the percentage of men undergoing hair transplant surgery increased from 84.7% in 2014 to 85.7% in 2016. Factors such as rising work pressure, stress, improper eating habits, heredity, and exposure to chemicals among others, cause hair fall and receding hair line. Growing media and celebrity influence, societal pressure, and growing urbanization are some of the factors encouraging individuals to opt for hair transplant procure in order to enhance their physical appearance.

Procedure Insights

The global hair transplant market by procedure was led by surgical segment. In 2017, the surgical segment held a largest market share of 91.0% of the hair transplant market, by procedure. The segment is also expected to dominate the market in 2025, as it offers better results as compared to the non surgical procedure. Also, the procedure can be done on lashes and brows.

Site of Transplant Insights

The hair transplant market by site of transplant was segmented scalp transplant, facial transplant, chest transplant, and others. The scalp segment held the largest share of the market, by site of transplant. Additionally, the segment is likely to dominate in the forecast period, due to increasing prevalence of baldness.

Therapy Insights

The hair transplant market by therapy was segmented into platelet rich plasma, ravage 670 and laser caps. The platelet rich plasma segment held the largest share of the market, by therapy. The segment is also anticipated to grow at a steady rate during the forecast period, as it is used for the treatment of androgenic alopecia or male pattern baldness, the most common form of baldness observed in males and females.

HAIR TRANSPLANT - MARKET SEGMENTATION

By Procedure

Surgical Procedure
Follicular Unit Strip Surgery (FUSS)
Follicular Unit Extraction
Others
Non-Surgical Procedure
By Site of Transplant

Scalp
Facial
Eyebrow
Bread
Eyelash
Chest
Others
By Therapy

Platelet Rich Plasma
Revage 670 Laser
Laser Cap

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