Is hair transplant permanent?
If you’re looking for a permanent solution to your hair loss, you may want to consider a hair transplant. Hair transplant surgery allows the surgeon to move healthy hairs on your scalp to areas with thinning hair. Today, it’s possible to have natural-looking results thanks to one key advance.
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. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $4.90 billion |
| Market Size in 2031 | $30.13 billion |
| CAGR | 20.4% |
| No. of Pages in Report | 315 |
| Segments Covered | Procedure, Gender, Service Provider, and Region |
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.
COVID-19 Scenario:
- The outbreak of COVID-19 has had a negative impact on the growth of the global hair transplant market, owing to the occurrence of lockdown in various countries across the globe.
- Lockdowns resulted in the cancellation or postponement of all sorts of non-essential surgical procedures due to the subsequent surge in the cases of COVID-19 in various countries.
- Hair transplant procedures are non-emergency procedures that significantly hamper the revenue of hair transplant clinics. More and more healthcare professionals in hospitals and clinics were increasingly focussed on treating COVID-infected patients, which further decreased the demand for hair transplant procedures.
The simple changes in lifestyle, such as insufficient sleep, dehydration, ingestion of insufficient amounts of protein-rich meals, and deficiency of essential vitamins & minerals, cause hair loss, among population. Thus, this factor surges the demand for hair transplant procedure, and contributes to drive the growth of market. Rise in number of hair transplant clinics and dermatology clinics fuels the growth of hair transplant market. The reason behind increasing number of dermatology clinic is attributed to increase in number of procedures such as follicular unit transplantation (FUT), follicular unit extraction (FUE), motorized FUE without suction, motorized FUE with suction, combination of FUT & FUE. In addition, increase in the number of professionals who perform hair transplant surgery fuel the growth of market.
Based on region, 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.
The key players analyzed in the global hair transplant market report 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, Dermamagnetica Clinic.
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The report analyzes these key players of the global hair transplant market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players of the market.