Hair Transplant Market Size and Trends
The global hair transplant market size was valued at $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. Growth of the global hair transplant market size is majorly driven by increase in number of hair restoration procedures, rise in the prevalence of alopecia, and technological advancement in hair transplant sector. For instance, according to report shared by International Society of Hair Restoration Surgery (ISHRS), in 2021, it was reported that 2,221,191 hair restoration procedures were performed worldwide. As per the same source, it was also observed that hair restoration procedures have increased by 7% from 2019 to 2021 over the globe.
Increase in number of hair transplantation procedures in the U.S. drives the hair transplant market growth. For instance, according to American Society of Plastic Surgery (ASPS), in 2019, 24,348 hair transplantation procedures were performed in the U.S. Moreover, rise in awareness among population regarding physical appearance and increase in number of populations suffering from baldness boost the need for hair transplant procedure. For instance, according to data shared by New Look Institute, a hair restoration clinic, in 2021, it was reported that around 39.24% male population are suffering from baldness in France.
Market Introduction and Definition
Hair transplant procedure is a surgical procedure, which involves restoration of hair at the bald area of body. This procedure is performed by removing hair follicle from the donor site of body and implanted to the receiver site or bald area. Different type of hair transplantation procedures such as follicular unit transplantation (FUT), follicular unit extraction (FUE), and, combination of FUT & FUE are performed to restore hair at bald area. Hair transplant treatment is commonly used in male pattern baldness, however can also be used to treat hair thinning and baldness among female population.
In addition, the rise in prevalence of chronic diseases such as cancer, hyperthyroidism, and hypothyroidism lead to hair loss, which fuels the market growth. For instance, cancer diseases are treated with the help of chemotherapy which leads to hair loss. Therefore, increase in the number of chemotherapies, which causes hair loss and surge the demand for hair transplant procedure. Increase in number of product approval and product launch for hair transplantation procedure drives the growth of the hair transplant market.
For instance, in February 2020, Venus Concept Inc. global medical aesthetic technology company, announced that it has received CE Mark approval to market NeoGraft 2.0 in Europe. NeoGraft 2.0 is an automated hair transplant device which use the follicular unit extraction (FUE) method of harvesting and implanting hair follicles.
Market Segmentation
The hair transplant market is segmented into procedure, gender and service provider. On the basis of procedure, the market is bifurcated into follicular unit transplantation (FUT), follicular unit extraction (FUE), combination of FUT & FUE, and others. The others segment of procedure includes direct hair implantation and needle-free jet injector hair transplant. On the basis of gender, the market is segmented into female and male. On the basis of service provider, market is divided into hospitals and dermatology clinics. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Segment Review
On the basis of procedure, follicular unit extraction (FUE) segment dominated the market in 2021, and is expected to continue this trend throughout the forecast period, owing to increase in adoption of FUE technique and rise in awareness among the people regarding hair transplant techniques. On the other hand, follicular unit transplantation (FUT) segment is expected to witness considerable market growth during the forecast period, owing to rise in prevalence of hair loss among the male population and surge in prevalence of alopecia.
The male segment dominated the market in 2021, and is expected to continue this trend throughout the forecast period, owing to increase in the number of male populations suffering from baldness due to stressful life and rise in the adoption of various hair transplant technique by male population.
The dermatology clinics segment dominated the market in 2021, and is expected to continue this trend throughout the forecast period, owing to rise in the number of dermatology clinics and increase in the number of professionals who perform hair transplant surgery. However, the hospitals segment is expected to witness considerable growth during the hair transplant market forecast period, owing to availability of different hair transplant techniques and rise in expenditure by government to develop healthcare sector.
Regional/Country Market Outlook
North America accounted for a majority of the global hair transplant market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in number of hair transplant procedures, increase in number of approvals for advanced hair transplant procedure, presence of hair transplant industry, and advancements in healthcare sector in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in number of male populations, rise in awareness among young population regarding hair transplant treatment, and growth in health care expenditures.
Competitive Landscape
Some of the major companies that operate in the global Hair Transplant market include Bernstein Medical, Bosley, Dermamagnetica Clinic, GETFUE Hair Clinics Ltd, Hair Club, Hair Doc, Hair Palace Clinic, Hair Restoration BlackRockHRBR, Hair sure transplant center, Hair Transplants of Florida, Hairline International Hair and Skin Clinic, Hermest Hair Clinic, Limmer Hair Transplant Center, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Venus Concept , and Vinci hair clinic.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hair transplant market analysis from 2021 to 2031 to identify the prevailing hair transplant hair transplant market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hair transplant market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hair transplant market trends, key players, market segments, application areas, and market growth strategies.
Hair Transplant Market Report Highlights
| Aspects | Details |
 By Procedure |
|
 By Gender |
|
 By Service Provider |
|
 By Region |
|
 Key Market Players | SPRINGS Hair Restoration, Limmer Hair Transplant Center, Hair Restoration BlackRockHRBR, Hairline International Hair and Skin Clinic, Hair Doc, Dermamagnetica Clinic, Hair Transplants of Florida, vinci hair clinic, Hermest Hair Clinic (Innovator), Hair sure transplant center, GETFUE Hair Clinics Ltd, Venus Concept, Bernstein Medical, Medical Hair Transplants & Aesthetics, Hair Palace Clinic, Bosley, Hair Club |
Analyst Review
Hair transplantation is a minimally invasive procedure perform to implant hairs in the bald area. Hair transplantation market is driven by factors such as rise in the male population suffering from baldness, technological advancement in the field of cosmetic surgery, and rise in the initiative taken by government to develop healthcare sector.
For instance, in April 2022, Hermest Hair Transplant clinic, announced the adoption of the Unique FUE technology in order to offer satisfactory results to every patient. In addition, in 2022, Aderans Total Hair Solution Iberia S.L. opened a hair transplant clinic Aderans/Bosley Total Hair Solution in Madrid Spain.
The top companies that hold the market share in hair transplant market are Bernstein Medical, Bosley, Dermamagnetica Clinic, GETFUE Hair Clinics Ltd, Hair Club, Hair Doc (Innovator), Hair Palace Clinic, Hair Restoration BlackRockHRBR, Hair sure transplant center, Hair Transplants of Florida, Hairline International Hair and Skin Clinic, Hermest Hair Clinic (Innovator), Limmer Hair Transplant Center, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Venus Concept , and Vinci hair clinic
Asia-Pacific is expected to register highest CAGR of 21.8% from 2022 to 2031, owing to to increase in number of male populations, rise in awareness among young population regarding hair transplant treatment, and growth in health care expenditures.
The key trends in the hair transplant market are increase in number of hair restoration procedures, rise in the prevalence of alopecia, and technological advancement in hair transplant sector.
The base year for the report is 2021.
Yes, hair transplant companies are profiled in the report
The total market value of hair transplant market is $4,898 million in 2021.
The forecast period in the report is from 2022 to 2031
The market value of hair transplant Market in 2022 was $5,686.6 million
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