Press release
Global Hair Transplant Market Soars to $67.14 Billion by 2029, Driven by Rising Demand for Hair Loss Treatment
Market Values and ForecastThe Global Hair Transplant market witnessed a valuation of US $12.95 billion in 2022, and it is poised to skyrocket to an estimated US $67.14 billion by 2029, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 26.5% during the forecast period from 2023 to 2029.
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Report Scope and Research Methodology
The comprehensive analysis provided in the report covers various facets of the Global Hair Transplant Market. The research employed a robust methodology, integrating qualitative and quantitative approaches to deliver insights into the market dynamics, growth drivers, and regional trends. Key players in the industry were scrutinized, including market leaders, followers, and emerging entrants. The report encompasses a thorough examination of industry-related factors such as PORTER and PESTEL analysis, as well as an evaluation of micro-economic influences on market trends.
Drivers Fueling Market Growth
The surge in the adoption of hair loss treatments is a primary driver propelling the demand for hair transplant procedures. The ARTAS system, known for its less invasive and less painful approach compared to strip surgery, is gaining popularity and contributing to market expansion. Lifestyle changes, increasing consciousness about personal appearance, and a rising disposable income are key factors boosting the global hair transplant market. Additionally, the prevalence of baldness due to changing lifestyles, including factors like smoking, poor dietary habits, and stress, is fueling the demand for hair transplant procedures.
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Market Dynamics
The report identifies prevailing challenges, shifting lifestyles, and the impact of media and celebrity influence as factors influencing the hair transplant market's growth.
During the forecast period, an increase in the rate at which hair loss treatments are adopted is anticipated to fuel product demand. The ARTAS hair transplant system is gaining popularity because it offers a less painful and slightly invasive option to strip surgery. A novel technology called the ARTAS robotic procedure is being developed in collaboration with primary hair transplant physicians and researchers. Modern robotic technology is used by the system to help doctors with challenging manual techniques that call for precise, repetitive movements that increase the possibility of human error.
The growth of the hair transplant industry is being driven by the current state of difficulty and mindfulness, quickly changing lifestyles, growing self-consciousness, growing influence from celebrities and the media, and increasing disposable income are the main factors that are anticipated to boost the growth.
Regional Insights
Regionally, North America takes the lead, dominating the market with a projected market share by 2029. The region's growth is attributed to the increasing number of successful hair transplant surgeries and the rising cases of male and female pattern baldness.
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Segmentation:
by Procedure
Follicular Unit Strip Surgery (FUSS)
Follicular Unit Extraction
Others
Non-Surgical Procedure
The market is divided into four segments based on the procedure: Non-Surgical Procedure, Follicular Unit Strip Surgery (FUSS), Follicular Unit Extraction, and Others. Over the course of the forecast period, the Follicular Unit Strip Surgery (FUSS) segment is anticipated to grow at a CAGR. The most common technique for extracting hair and follicles from a donor site is called Follicular Unit Strip Surgery (FUSS), or strip harvesting. A portion of the posterior scalp, where hair grows well, is removed by the surgeon.
Even though it is relatively short, the thin linear scar left in the donor area after strip harvesting is typically hidden by the patient's hair. Approximately two weeks are needed for recovery, during which time medical personnel must remove the stitches or staples through subcuticular suturing.
by Site of Transplant
Scalp
Facial
Eyebrow
Bread
Eyelas
Chest
Others
The market is divided into four segments based on the site of transplantation: scalp, facial, chest, and others. The segment for scalps is anticipated to expand at a CAGR throughout the forecast period. This is because baldness is becoming more and more common. The need for scalp hair treatment has increased due to the growing global problem of hair loss and people's increasing awareness of their appearance. During the forecast period of 2023-2029, these are the main factors that will propel the growth of this segment in the global hair transplant market.
by Therapy
Platelet Rich Plasma
Stem cell therapy
Laser therapy
Others
The market is divided into segments according to the type of therapy, such as laser therapy, stem cell therapy, and platelet rich plasma. Over the course of the forecast period, platelet rich plasma therapy is anticipated to grow quickly at a CAGR. The demand for platelet-rich plasma (PRP) therapy is predicted to rise in response to the rapidly expanding use of PRP therapy in the treatment of hair loss. The demand for platelet-rich plasma therapy is expected to rise during the forecast period due to the rising adoption and efficiency of PRP therapy, which is anticipated to heal transplant procedures with minimal scarring.
by Gender
Male
Female
The market is divided into two segments: male and female, based on gender. Over the forecast period, the male segment is anticipated to grow at a CAGR that is swift. Males have overwhelmingly chosen hair transplant procedures on a large scale. Given that men are more likely than women to be bald, it makes sense that they would make up the majority of those seeking hair transplant surgery. Increasing urbanization, peer pressure, and the impact of media and celebrities are some of the factors encouraging people to choose hair transplantation as a means of improving their physical appearance. During the forecast period, these are the factors that will propel the growth of the male segment in the global market.
by Service Provider
Hospitals
Clinics
Surgical centers
Others
For any Queries Linked with the Report, Ask an Analyst@https://www.maximizemarketresearch.com/request-sample/33356
Global Hair Transplant Market, Key Players are
1. GetFUE Hair Clinics Ltd
2. Hair Restoration Black RockHRBR
3. Hair Transplant Center Turkey
4. Hair Transplants of Florida
5. ILHT Dubai
6. Allergan Plc.
7. Beiersdorf AG
8. Bernstein Medical
9. Bosley
10. Limmer Hair Transplant Center
11. L'Oreal SA
12. Lumenis Inc.
13. Medicamat
14. PhotoMedex Inc.
15. Restoration Robotics Inc. Company
16. Solta Medical, Inc.,
17. The Acibadem Hospitals Group
18. The Hairline Clinic
19. Hair Transplant
20. Venus Concept
21. Hairline International Hair and Skin Clinic
22. Cole Instruments Inc.
23. CAPILLUS
24. LaserCap Company
25. Apira Science
Table of content for the Hair Transplant Market includes:
Part 01: Executive Summary
Part 02: Scope of the Hair Transplant Market Report
Part 03: Global Hair Transplant Market Landscape
Part 04: Global Hair Transplant Market Sizing
Part 05: Global Hair Transplant Market Segmentation
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Food Processing Machinery Market https://www.maximizemarketresearch.com/market-report/global-food-processing-machinery-market/19294/
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