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Hair Transplant Market Size: Research Report, Development Analysis, Competitive Landscape And Forecast By 2033
Hair Transplant Market
The Business Research Company offers in-depth market insights through Hair Transplant Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hair transplant market size has grown exponentially in recent years. It will grow from $7.24 billion in 2023 to $8.81 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to increased prevalence of hair loss, medical tourism for hair restoration, stress and lifestyle factors, improved patient outcomes, cultural perception of beauty, men's grooming trends.
The hair transplant market size is expected to see rapid growth in the next few years. It will grow to $18.07 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to expanding aging population, acceptance of non-surgical options, social media influence on beauty standards, broader accessibility to healthcare services, regulatory support and standardization. Major trends in the forecast period include technological advancements, demand for non-invasive options, customization in hairline design, advanced imaging and planning, stem cell and regenerative therapies.
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Market Segmentation:
The hair transplant market covered in this report is segmented -
1) By Product: Gel, Serum, Drugs, Multivitamins, Other Products
2) By Procedure: Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE), Combination of FUT and FUE, Other Procedures
3) By Therapy: Platelet-Rich Plasma Therapy (Prp), Stem Cell Therapy, Laser Therapy
4) By Service Provider: Hospitals, Dermatology Clinics, Trichology Clinics, Surgical Centers
Major Driver - Rising Demand For Hair Transplants Is A Comprehensive Analysis Of The Growing Hair Restoration Market
The increasing number of people suffering from hair loss is expected to propel the growth of the hair transplant market going forward. Hair loss, also known as alopecia, is a condition where hair loss or gradual thinning of hair is caused by an interruption in the body's cycle of hair production. A hair transplant is a medical technique that provides a hairline that appears completely natural, as the appearance and texture of the donor's hair match the existing hair perfectly, thus increasing the need for a hair transplant. For instance, in 2023, according to Scandinavian Biolabs, a Denmark-based personal care products manufacturing company, the number of Americans using hair growth products is expected to be 12.94 million in 2024. Furthermore, in April 2022, according to the International Society of Hair Restoration Surgery (ISHRS), a US-based non-profit medical organization responsible for hair loss treatment and restoration, the market size of the hair plantations, effective treatment for many types of hair and scalp problems had increased by 64% from 2014 to 2021 and now totaled $ 6.5 billion. In addition, 87% of its patients are men, and 13% of hair transplant patients are female. Therefore, the increasing number of people suffering from hair loss is driving the growth of the hair transplant market.
Competitive Landscape:
Major companies operating in the hair transplant market report are Bosley Inc., Bernstein Medical Inc., GETFUE Hair Clinics Ltd., Hair Club, Hair Restoration BlackRockHRBR, Hairline International Hair and Skin Clinic, Limmer Hair Transplant Center, Venus Concept Ltd., Allergan Plc, Hairline Ink, Dr. Batra's Positive Health Clinic Pvt. Ltd., KYRA Aesthetic Clinic, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Acibadem Healthcare Group, Tempus Hair Restoration, Chicago Hair Transplant Clinic, Derma magnetica, Cole Hair Transplant Group, Hair Transplants of Florida, Apira Sciences Inc., Sure Hair Transplants, Direct Hair Implantation International, New Jersey Hair Transplant, Nova Medical, Natural Transplants Washington, Great Hair Transplants Miami, Houston Hair Transplant Center, Beverly Hills Hair Restoration, Asmed Hair Transplant Center
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Top Trend - Hhc Introduces Affordable Fue Method With 99% Survival Rate In Global Hair Transplant Market
Product innovations are a key trend gaining popularity in the hair transplant market. Major companies operating in the hair transplant industry are focused on developing new solutions to strengthen their position in the market. In April 2022, HHC (Hermest Hair Clinic), a Turkey-based clinic that offers hair transplantation services, launched a unique FUE method of hair transplantation to make it affordable for patients worldwide. HHC, with the highest survival rate of 99% with unique FUE, offers proficient services and cost-effective deals for its clients globally.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hair Transplant Market Characteristics
3. Hair Transplant Market Trends And Strategies
4. Hair Transplant Market - Macro Economic Scenario
5. Hair Transplant Market Size And Growth
…..
27. Hair Transplant Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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