PUBLISHER: SkyQuest | PRODUCT CODE: 1244240
PUBLISHER: SkyQuest | PRODUCT CODE: 1244240
Global Hair Transplant Market was valued at USD 8.4 billion in 2021, and the market size is estimated to reach USD 21.2 billion by 2028, at a CAGR of 24.95% over the forecast period (2022-2028).
The rising number of people who experience hair loss is one of the main factors driving the demand for and supply of hair transplants. Also, during the forecast period of 2022-2028, the consumption of high-dose medicines and the increasing number of surgical procedures support market expansion globally. It is anticipated that the market will expand significantly due to the increasing prevalence of chronic diseases like cancer, lupus, stress, hypothyroidism, and hyperthyroidism, among others. More market revenue is anticipated to be generated by the ongoing development of novel treatment methods.
The COVID-19 pandemic will cause surgeons' daily practises to be restricted in ways that have never before been possible. This epidemic has a stronger influence on the hair transplant industry. Due to their inability to compete on an even playing field, many unethical operators have given up as a result. A new generation of patients who are well-informed will demand strict hygienic and ethical standards. The market will soon experience a slight impact due to COVID-19's unparalleled impact on the hair transplant industry. Furthermore, COVID-19's effects have stopped in countries where the hair transplant market is booming.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Hair Transplant Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The global Hair Transplant Market is segmented based on Procedure, Gender, Service Provider, and region. Based on Procedure, the Hair Transplant Market is segmented into Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE), Combination of FUT and FUE, Others. Based on Gender, the Hair Transplant Market is segmented into Female, Male. Based on Service Provider, the Hair Transplant Market is segmented into Hospitals, Clinics, Surgical Centres, Others. Based on region, the Hair Transplant Market is categorized into North America, Europe, Asia-Pacific, and MEA.
Driver
A few of the elements influencing the growth of the global hair transplant business industry are the predominance of trouble and mindfulness, swiftly changing lifestyles, growing consciousness of one's appearance, expanding fame and media effects, and rising disposable income. This is encouraging news for the hair transplant market. Globally changing lives of people are one of the main causes of severe baldness in the hair transplant market. A recent study found that adopting an increasingly sedentary lifestyle, such as smoking, eating poorly, and being stressed, may result in baldness.
Restraint
Health insurance does not provide coverage for any kind of hair loss. The price of a hair transplant is easily established in India. One to three hair follicles are included in each transplant. Graft in India costs between 10 and 15 rupees. So, everything ultimately depends on how many grafts are implanted. The number of transplanted hairs may range from 600 to 4600 grafts, depending on the degree of hair loss. The cost of grafting may also be high because health insurance does not cover it. Treatment for hair loss can cost hundreds of dollars to millions of dollars. This is the only way to treat your hair loss problem if your appearance is something you cannot compromise on. You have to pay for it, but only because your health insurance does not cover it.
Market Trends
The most common surgical operation performed on men worldwide is hair transplantation. Androgenic alopecia is the term used to describe hair loss in men. According to the International Association of Hair Restoration Surgery, over 35 million men in the United States have male pattern baldness each year (ISHRS). It is anticipated that patients will become more aware of hair restoration options and procedures as a result of this increased frequency. Additionally, it is anticipated that patients will continue to be drawn to the hair transplant market over the course of the projection period due to the launch of cutting-edge methods and potent products
When robotic hair transplantation first appeared, technology has advanced constantly.
Leading clinics and transplant facilities are attempting to increase the complexity of the procedure in order to achieve successful therapeutic results.