Hair Transplant Services Market Trends Estimates High Demand by 2024

Alopecia or hair loss is a chronic dermatology diseases in which there is either partial or complete loss of hair from the scalp and other parts of the body. The clinical onset of alopecia in general population ranges from 1% to 2% and affects an individual at any point of life, predominantly the 35–60 age group. A strong family history is one of the main reason contributing towards pattern baldness or androgenic alopecia in both males and females. As estimated by International Society of Hair Restoration Surgery (ISHRS) more than 35 million men in the U.S. currently suffer from male pattern baldness. Hair transplantation is one of the rapidly evolving procedure in aesthetic surgery accompanied by regular improvements in the technique.

Hair transplant is a surgical procedure wherein hair follicles from one part of the body called as donor site are harvested and moved to another part of the body called recipient site. For complete hair loss hair transplantation is the recommended choice of treatment by many hair transplant surgeons. There are two types of hair transplant procedures, follicular unit extraction (FUE) and follicular unit transplantation (FUT). In FUT a strip of scalp is cut out from the back of the head and is dissected into individual grafts whereas FUE involves taking the individual follicular grafts from the back of the head one by one by cutting around it through a tiny specialised machine and removing them.

Approximately 397,048 hair-restoration procedures were performed worldwide in 2014 according to the ISHRS data with males dominating in terms of number of hair restoration procedures. Also 89.1% of hair-transplant procedures targeted the scalp area and 10.9% of procedures targeted non-scalp areas of the body. One of the leading causes of hair loss is cancer. Hair loss is a psychologically devastating effect of chemotherapy in cancer. It has been estimated that 50% to 100% of patients on chemotherapeutic agents experience hair loss during cancer treatment.

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Over the recent years, hair transplant surgery has received significant attention and acceptance owing to its greater precision, safety and enhanced results. The hair transplant surgery allow patients to be treated with minimal discomfort, performed on an outpatient basis. Increasing prevalence of various forms of dermatologic disorders with changing lifestyle among working class population such as unhealthy eating habits, increasing consumption of alcohol and rising stress level is expected to contribute towards accelerated hair loss. However, adoption of hair transplant surgery is expected to remain high in the near future attributed to ever increasing thirst for better results, and due to the changing social trends and attitudes.

However, post-surgery care is significant in hair transplant. Swelling of the scalp and face along with itching is common in many patients. The patient must be careful if the scalp starts itching, as scratching will make it worse and result in scab formation. Other common side effect associated with the treatment involves hair thinning also referred to as called as shock loss that is usually temporary. High cost associated with the treatment is one of the most important factor affecting the global adoption of hair transplant procedures currently. A typical hair transplant procedure ranges between $ US 8 to $ US10 per graft. Increasing healthcare costs and economic slowdown in developed markets are some of the other factors constraining the market growth of hair transplant industry in the near future.

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Increasing prevalence of cancer and various skin related disorders globally is contributing towards effective hair loss treatments with long term results. Technology evolutions in the FUE procedures such as introduction of robotic FUE makes the procedure faster, less physically demanding, and safer in terms of decreasing potential for FU transection. Such technology improvements may not benefit all the patients but help accomplish the desired results demanded by the patients. In addition growing consumer emphasis on physical appearance has led hair care centres to widen their sales by focusing on high growth markets, including the Hair Transplant Services Market. The promise of FUE is enticing to both patient and the surgeon due to the fact the FUE is a minimally invasive procedure wherein formation of linear scar is avoided rather than a strip harvest hair transplantation technique.

Depending on geographic regions, the global Hair Transplant Services Market is segmented into seven key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

In terms of geography North America dominates the Hair Transplant Services Market followed by Asia Pacific. Europe and Latin America are expected to grow at a high pace over the coming years. In 2014, according to the American Society of Plastic Surgeons, Asian countries accounted for maximum hair transplants procedures as compared to other regions globally. With increasing prevalence of cancer and various dermal disorders there is a higher demand for technological improved minimally invasive hair transplant treatment options. Rising awareness and increase emphasis on looking good are some of the other factors expected to create revenue traction in market over North America and others.

Various hair transplant service providers across global include Bernstein Medical, P.C., Bosley Inc., MEDICAMAT, DERMIS HEALTH PRIVATE LIMITED, Hair Transplants of Florida, Advanced Hair Restoration, MOSAIC CLINIC HAIR TRANSPLANT CENTER, The Ac?badem Hospitals Group, Limmer Hair Transplant Center, Radiance, The Private Clinic and others.

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