Hair transplant services market report is segmented on the basis of treatment type, gender, end-user and region & country level. Based upon treatment type, hair transplant services market is classified into laser therapy, stem cell therapy, follicular unit transplant, follicular unit extraction, and others. On the basis of gender, market is classified into female and male. On the basis of end-user, market is classified into hospitals, hair transplant clinics, outpatient centers, and others. The global hair transplant services market classified on the basis of end-users and procedures.
Hair Transplant Services Market is valued at USD 5,008.4 Million in 2018 and expected to reach USD 7,989.9 Million by 2025 with the CAGR of 6.9% over the forecast period.
The hair transplant services market is predicted to grow at a significant growth rate due to rising hair related problems. It has been observed that there has not been any specific age for hair related problems, as it can occur to any gender at any age. This has created a huge market opportunity due to the large population pool having hair related problems and created the high demand deriving the hair transplant services market. Rising consciousness among a large number of the population regarding physical appearance is the main factor to boost the hair transplant services market. Moreover, rising disposable income may also responsible for the rise in the demand and may benefit the market to gain sufficient growth in the forecast years. The demand for hair transplant has grown tremendously due to a large number of the population facing hair loss, or hair related problems which have grown in the past few years, globally. It has been estimated that approx., 40-45% of women and 60-65% of men have hair related problems mainly hair loss because of multiple reasons such as genetics, stress, aging, or illness.
Growing medical tourism for hair transplant services and treatment especially in some European counties like Turkey and India is one of the major key factors driving the growth of the hair transplant services market. Turkey has more than 300 specialty clinics specialized in hair transplantation, growing the inbound population in Turkey and India from other European countries and regions increasing the revenue generation for the hair transplant services market. Progressive technology, skilled healthcare professionals specialized for hair transplant and relatively economic hair transplant treatment are the main deriving factors responsible for increasing hair transplant market growth. However, some adverse side effects of drugs used in the hair transplant treatment may hinder the market growth and may restrict the market expansion. Some people who have undergone hair transplantation treatment have experienced itching and rashes after using drugs post-treatment. Sometimes the side effects can be worsening to loss of vision which is very rare. In the recent past year's people with other side effects such as chest pain; swelling of lips, tongue, hand, and feet; weight gain, palpitation and loss of consciousness has been registered which is expected to hinder the demand for hair transplant treatment, hence, restricting the hair transplant services market.
Rising Influences of Film and Fashion Industry Coupled with Efforts from Manufacturer Boosting the Market Growth
Manufacturers are making efforts to hold its strong market position in the hair transplant services market. Major Key players are more focusing on the strategic approaches such as novel product launches, geographic expansion and of their capacity; collaboration and partnerships are expected to propel the market with high growth and demand. For example, HairMax Inc. laser device has received ANVISA approval, which has been very advantageous for the company’s growth and expansion of its product portfolio. Rising in the product approvals increases commercial availability and thus strengthen the market growth. Additionally, some of the other factors influencing and deriving the market growth are media influence, growth of film and fashion industry, peer pressure for beauty and appearance, etc. Some health factors also play an instrumental role in deriving market growth. These are accidents, genetic issues, diseases like cancer or chemotherapy which cause loss of hair coupled with the growing number of hair transplant clinics and services are propelling the market growth.
North America and Europe are expected to be the most Prominent Market for the Hair Transplant Services
Geographically, Hair transplant services Market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America, followed by Europe market are expected to dominate the global hair transplant services market owing to technological advancement which delivers better hair transplant services are likely to grow hair transplant services market. Furthermore, the introduction of a surgical hair transplant system such as ARTAS based on robotic technology has vastly shaped this market. Also, rising fashion industry influences and advertisement has greatly benefited hair transplant services market growth. Additionally, rising usage of hair transplant systems such as neograft which is performed in both men and women with the help of follicular unit extraction method is likely to boost the market growth in the coming years.
The regions covered in this hair transplant services market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of hair transplant services is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
The Middle East and Africa
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