Hair Transplant Market Size is Expected to Boost the Demand and Growth by 2030

The Hair Transplant Market size was valued at US$ 5,122.87 million in 2022 and is expected to reach US$ 23,323.90 million by 2030; it is estimated to record a CAGR of 20.9% from 2022 to 2030.

The hair transplant market growth is primarily driven by the increase in number of hair transplant procedures and increasing incidences of hair loss.

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Analysis of the Top Market Players:

1. Cole Instruments Inc
2. Vision Medical Inc
3. Bernstein Medical PC
4. Curallux LLC
5. HairMax Inc
6. NovaGenix LLC
7. Apira Science Inc
8. Theradome Inc
9. Robotics Restoration Inc
10. LaserCap Co.

In this report, the market has been segmented on the basis of:

Procedure
• Surgical Hair Transplant Procedures
• Non-Surgical Procedures

Site of Transplantation
• Scalp Transplant
• Eyelash Transplant
• Eyebrow Transplant
• Beard/ Moustache Transplant
• Chest Transplant

Opportunities in Developing Countries Opportunity for Growth of Hair Transplant Market

Governments in developing countries are taking several initiatives to improve healthcare infrastructure and attract patients from around the world. As a result, developing countries, such as India, are gaining popularity as medical tourism destinations. The cost of a hair transplant procedure varies across the globe. Compared to the US and Australia, the cost of hair transplants in India is less. Thus, people from countries such as the US, the UK, Australia, Canada, Turkey, and Dubai prefer India as a unique destination for getting hair transplant surgery. For instance, compared to the US, where a similar number of grafts cost between US$ 3,615-US$ 14,463, the average cost of a hair transplant surgery in India with pre-and post-operative care is between US$ 1,084-US$ 1,807. Furthermore, the availability of highly skilled professionals and increased medical tourism for cosmetic surgery has surged the number of procedures performed in developing countries.

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The rising number of people looking for a less expensive treatment is boosting medical tourism in several developing countries. For instance, the medical tourism corporation states that ~92,000 Americans and other Westerners have had hair transplants in India and other Asian nations. Additionally, an increase in the number of clinics to address customer demand is anticipated to offer a lucrative opportunity for the market. For instance, in July 2023, DHI International, one of the world's top hair restoration and transplant chains, opened a new clinic in Noida. This clinic offers advanced hair restoration and hair transplant treatments with the highest standard of care for patients.

Hair transplant surgery has come a long way in recent years due to advancements in research and technology. However, advances in hair transplant techniques have significantly affected hair transplant procedures. Robotic systems, stem cell hair loss therapy, platelet-rich plasma (PRP) therapy, ethnic hair transplants, hairline advancement, tissue expansion, and hair cloning are cutting-edge techniques in hair transplantation.

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