- CAGR:4%
- Current Market Size: USD 4.90 Billion
- Forecast Growing Region:APAC
- Largest Market:North America
- Projection Time: 2022 – 2031
- Base Year: 2021
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The Hair Transplant Market is a rapidly growing industry, with more people turning to hair transplants to restore their lost hair or improve their appearance. This market is driven by advancements in technology, rising awareness of the procedure, and increasing disposable income. Hair transplant procedures are becoming more affordable and accessible as well as offering better results than ever before. As a result, the global market for hair transplants is expected to continue its growth in the coming years.
COVID-19 Situation:
The outbreak of COVID-19 has affected the growth of the global hair transplant market, due to the lockdown situation in various countries around the world.
The lockdown has led to the cancellation or postponement of all non-essential surgeries due to the subsequent increase in cases of COVID-19 in various countries.
Hair transplant surgery is a non-emergency procedure that limits the amount of money that hair transplant clinics make.
Many medical professionals in hospitals and clinics are focusing on treating patients infected with COVID, which has further reduced the demand for hair transplant procedures. However, the market should recover quickly.
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Increasing the prevalence of chronic diseases such as cancer, hyperthyroidism and hypothyroidism leading to hair loss, which increases the growth of the market. For example, cancer is treated with the help of chemotherapy which leads to hair loss. As a result, the increase in the number of chemotherapies, which causes hair loss and increases the demand for hair transplant procedures. The rising number of product endorsements and product launches for hair transplant procedures is driving the growth of the market.
Some of the Top Players in the Global Market Are:
- 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
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The market across North America held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is predicted to cite the fastest CAGR of 21.8% during the forecast period.
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