Press release
Hair Restoration Market Poised for 12 % Growth, Set to Hit $5.61 Billion by 2029
Hair Restoration
The increasing popularity of minimally invasive procedures is expected to drive the growth of the hair restoration market. Minimally invasive procedures involve medical treatments or surgeries with tiny incisions or none at all, leading to faster recovery and minimal scarring. The demand for these procedures has been rising due to reduced recovery times and less discomfort for patients. Modern hair restoration methods, such as follicular unit extraction, are known for minimal scarring and delivering natural-looking results. For example, a report from The Aesthetic Society in August 2023 highlighted that Americans spent over $11.8 billion on aesthetic procedures in 2023, a 2% increase from 2022. Therefore, the growing popularity of minimally invasive procedures is expected to drive the hair restoration market.
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What is the future CAGR of the hair restoration market, and how will it impact industry expansion?
The hair restoration market has expanded rapidly in recent years, expected to grow from $6.58 billion in 2024 to $7.39 billion in 2025 at a 12.3% CAGR. Key drivers of past growth include heightened awareness, technological advancements, an aging population, evolving lifestyles, regulatory approvals, cosmetic trends, and medical tourism.
The hair restoration market is expected to experience rapid expansion, growing to $11.65 billion in 2029 at a CAGR of 12.0%. Growth will be fueled by rising disposable income, better healthcare infrastructure, digital health integration, and increasing consumer demand for personalized medicine. Key trends include technological advancements, regenerative therapies, non-invasive treatments, telemedicine adoption, customized solutions, sustainable practices, and global collaborations.
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What are the most significant trends transforming the hair restoration market today?
Major companies in the hair restoration market are advancing regenerative medicine products such as scalp serums, designed to nourish the scalp, reactivate hair growth, and combat hair loss. A scalp serum is a topical product aimed at improving scalp health and stimulating hair follicles. For example, in March 2024, BioPhotas Inc., a U.S.-based medical equipment company, introduced the Restore Hair Serum, a product that works alongside the Celluma Light Therapy device to combat hair loss. The serum is a blend of peptides, vitamins, and plant-based bionutrients, designed for easy absorption, and it helps reactivate growth and reduce DHT buildup in hair follicles.
Which key market segments comprise the hair restoration market and drive its revenue growth?
The hair restoration market covered in this report is segmented -
1) By Procedure: Follicular Unit Extraction, Follicular Unit Transplantation
2) By Therapy: Low-Level Laser Therapy (LLLT), Stem Cell Hair Restoration, Platelet-Rich Plasma
3) By Gender: Male, Female
Subsegments
1) By Follicular Unit Extraction (FUE): Manual FUE, Automated FUE, Robotic FUE
2) By Follicular Unit Transplantation (FUT): Strip Harvesting, Non-strip Harvesting
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What regions are at the forefront of hair restoration market expansion?
North America was the largest region in the hair restoration market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair restoration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the hair restoration market?
Major companies operating in the hair restoration market are Pfizer Inc., Johnson And Johnson, Merck And Co. Inc., AbbVie Inc., Eli Lilly and Company, Shiseido Company Limited, NeoGraft Solutions, Bosley Inc., RiverTown Therapeutics Inc., Venus Concept Inc, Advanced Hair Studio, Samumed LLC, Aclaris Therapeutics Inc., Bernstein Medical, Capillus LLC, Eclipse Aesthetics, The Harley Street Hair Clinic, TissUse GmbH, Theradome Inc., Lexington International (HairMax), iRestore, Kintor Pharmaceuticals Ltd., Cassiopea S.p.A., Replicel Life Sciences Inc., Stemson Therapeutics, Theracell Advanced Biotechnology Ltd., New York Hair Restoration Centers, National Hair Centers, Follica Inc.
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What Is Covered In The Hair Restoration Global Market Report?
•Market Size Forecast: Examine the hair restoration market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hair restoration market for a structured understanding.
•Key Players Overview: Analyze major players in the hair restoration market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hair restoration market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hair restoration market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hair restoration market.
•Industry Challenges: Identify potential risks and obstacles affecting the hair restoration market.
•Competitive Landscape: Review strategic developments in the hair restoration market, including expansions, agreements, and new product launches.
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