Rising Demand and Technological Advancements Propel Growth in the Global Hair Transplant Market | at a CAGR of 20.4% from 2022 to 2031.

According to the report published by Allied Market Research, the global hair transplant market generated $4.90 billion in 2021, and is projected to reach $30.13 billion by 2031, growing at a CAGR of 20.4% from 2022 to 2031.

Alarming rise in the number of number of male population suffering from baldness, increase in the prevalence of alopecia, rise in development of technologies associated with hair transplantation and increase in initiative taken by government to develop healthcare infrastructure leads to the growth of hair transplant market.

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The global hair transplant market faced setbacks due to the COVID-19 pandemic as lockdown measures led to the postponement or cancellation of non-essential surgical procedures. This decline was exacerbated as healthcare providers prioritized treating COVID-19 patients. However, the market is poised for a rebound.

For a comprehensive analysis of the COVID-19 impact on the Hair Transplant Market, visit: COVID-19 Impact Analysis

Market Segmentation:

Procedure:

Follicular Unit Extraction (FUE) dominated the market in 2021, accounting for over two-thirds of the global market share. It is projected to maintain this dominant position with the fastest CAGR of 20.6%.
Other segments include Follicular Unit Transplantation (FUT), Combination of FUT and FUE, among others.

Gender:
The male segment was the major contributor in 2021, capturing more than four-fifths of the market. It is expected to grow at a CAGR of 20.4%. The female segment is also analyzed.

Service Provider:
Dermatology clinics led the market in 2021, accounting for nearly three-fifths of the global market share. Hospitals are projected to grow at the fastest CAGR of 20.6%.

Region:
North America was the largest market in 2021, with over two-fifths of the global market share. The Asia-Pacific region is forecasted to register the fastest CAGR of 21.8%.

Key Players:

Prominent players in the hair transplant market include Hair Transplants of Florida, Hairline International Hair and Skin Clinic, Hermest Hair Clinic, GETFUE Hair Clinics Ltd, Hair Club, Hair Doc, Hair Palace Clinic, Hair Restoration BlackRockHRBR, Hair sure transplant center, Limmer Hair Transplant Center, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Venus Concept, Vinci hair clinic, Bernstein Medical, Bosley, and Dermamagnetica Clinic.

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Strategies of Key Players:

These market leaders have employed strategies like joint ventures, collaborations, expansion, new product launches, and partnerships to strengthen their market presence. The report offers insights into their recent developments, product portfolios, business performance, and market segments, aiding in understanding their competitive landscape.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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