Global Hair Transplant Market By Type (Head Hair Transplant, Eyebrow Transplant, Frontal Hairline Lowering, and Other types), By Method (Follicular Unit Strip Surgery, Follicular Unit Extraction, Laser Therapy, Stem Cell Therapy, and Other methods), By Gender (Male and Female), By End-User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2022, the global hair transplant market was valued at USD 5.7 Billion. Between 2023 and 2032, this market is estimated to register a CAGR of 21.8%.

A hair transplant is a process of restoring hair growth in areas where hair loss or baldness has occurred. This surgical procedure involves the removal of hair follicles from a donor area (typically the back of the head) and their transplantation into the recipient area (the bald or thinning area). The transplanted hair follicles are permanent and continue to grow in the new location, resulting in a natural-looking head of hair.

Also, it encompasses both surgical and non-surgical methods of restoring hair growth. Non-surgical hair restoration methods may include topical medications, oral supplements, and low-level laser therapy.

Global Hair Transplant Market Scope

Type Analysis

The Head Hair Transplant Segment Dominates the Hair transplant Market Globally

Based on type, the market for hair transplant is segmented into a head hair transplant, eyebrow transplant, frontal hairline lowering, and other types. Among these types, the head hair transplant segment is the most lucrative in the global hair transplant market, with a projected CAGR of 7.9%. The total revenue share of the head hair transplant-type segment is 47% in 2022.

The Head hair transplant is the most common type of hair transplant and involves transplanting hair follicles from the donor site to the bald or thinning areas of the head. Followed by other types of transplant, Facial hair transplant involves transplanting hair follicles from the donor site to areas of the face where hair growth is desired, such as the beard, mustache, or eyebrows.

Method Analysis

The Follicular Unit Extraction(FUE) Segment Dominates the Market Globally

By method, the market is further divided into follicular unit strip surgery (FUSS), follicular unit extraction (FUE), laser therapy, stem cell therapy, and other methods. The follicular unit extraction segment is estimated to be the most lucrative segment in the global hair transplant market, with a market share of USD 1.3 Bn and a projected CAGR of 18%, in 2022.

Also, the follicular unit strip surgery segment is estimated to account for USD 630 Mn and a projected CAGR of -0.89%. The follicular unit strip surgery involves removing a strip of skin from the donor area, usually the back of the scalp, and dissecting it into individual follicular units for transplantation into the recipient area. And, follicular unit extraction involves extracting individual follicular units from the donor area using a small punch tool and transplanting them into the recipient area.

Gender Analysis

Male Segment Surpasses the Female Segment in Hair Transplant Market Globally

Based on gender, the market is segmented into male and female. Among them, the male segment is estimated to be the most lucrative segment in the global hair transplant market, with the largest revenue share of 85% during the forecast period. The female segment accounted for a revenue share of 15% during the forecast period. Hair loss is more occurred in men than in women, and as a result, men make up the majority of hair transplant patients.

However, there has been a growing number in recent years of women undergoing hair transplant procedures, as more women become aware of the treatment options available to them. Female hair loss can be caused by various factors, including genetics, hormonal changes, and certain medical conditions, and hair transplantation can be a viable option for women who are experiencing hair loss.

End-User Analysis

The Dermatology Clinics are Most Dominant among End-Users Globally

By end-user, the market gets segmented into hospitals, dermatology clinics, trichology clinics, and other end-users. Among these end-users, the dermatology clinics segment is estimated to be the most lucrative segment in the global hair transplant market.

This is because dermatologists are specialized medical doctors in treating conditions of the skin, hair, and nails, and as such, they have the necessary medical training and expertise to perform hair transplant procedures safely and effectively. However, Trichology clinics, on the other hand, are typically focused specifically on the study and treatment of hair and scalp conditions.

Key Market Segments

Based on Type

• Head Hair Transplant
• Eyebrow Transplant
• Frontal Hairline Lowering
• Other Types

Based on Method

• Follicular Unit Strip Surgery (FUSS)
• Follicular Unit Extraction (FUE)
• Laser Therapy
• Stem Cell Therapy
• Other Methods

Based on Gender

• Male
• Female

Based on End-User

• Hospitals
• Dermatology Clinics
• Trichology Clinics
• Other End-Users

Market Dynamics

Drivers

The Technological Advancement Drives Demand for Hair Transplant Procedures

The increasing incidence of hair loss and male pattern baldness is one of the primary drivers of the global hair transplant market. The condition affects millions of people worldwide, creating a large potential market for hair restoration treatments. The hair transplant industry has seen significant technological advancements in recent years, such as the development of minimally invasive surgical techniques and advanced hair transplant devices.

These technologies have led to better outcomes and higher patient satisfaction rates, driving demand for hair transplant procedures. Greater awareness about the benefits of cosmetic procedures and the availability of safe and effective hair transplant options have contributed to the growth of the hair transplant market.

Additionally, the influence of media and social media platforms have played a crucial role in increasing awareness and driving demand for hair transplant procedures.

Restraints

High Costs for Hair Transplant Procedures will be the Major Restraint in Developing Countries

The cost of hair transplant procedures can be quite high, particularly in developed countries. This can be a significant barrier to entry for many patients, particularly those without insurance coverage. As a result, the market may be limited to those who can afford the procedures, limiting the overall growth potential. As with any surgical procedure, hair transplant procedures can carry risks and potential side effects, such as infections, scarring, and bleeding.

These risks can discourage some potential patients from undergoing the procedures, limiting the overall demand for hair transplant treatments.  Hair transplant procedures require a high degree of skill and expertise, which may be limited to a small number of practitioners in certain regions. This can make it difficult for patients to find qualified practitioners in their area, limiting the overall accessibility of the treatment.

Opportunity

Rising Demand for Follicular Unit Extraction(FUE) will boost the Market Expansion

Follicular unit extraction is a minimally invasive hair transplant technique that is becoming rising in popularity among patients. The FUE technique involves removing individual hair follicles from the donor area and transplanting them to the recipient area. The procedure is less invasive than traditional strip harvesting techniques, leading to less scarring and faster recovery times. With increasing patient demand for minimally invasive procedures, there is a significant opportunity for companies offering FUE techniques to increase their market share.

Robotic hair transplantation is an emerging technology that is gaining traction in the market. The technique uses robotic devices to remove hair follicles and transplant them to the recipient area, providing greater precision and accuracy than traditional manual techniques. As the technology continues to advance, there is significant potential for companies offering robotic hair transplantation to expand their market share.

Trends

Patients are Increasingly Seeking Non-Invasive Hair Transplant Procedures

Patients are increasingly seeking non-invasive hair transplant procedures, such as low-level laser therapy and platelet-rich plasma (PRP) therapy, which are also gaining popularity. The hair transplant market is increasingly focused on personalized medicine, with companies developing customized treatment plans for individual patients.

This trend is driven by the growing awareness of the genetic and environmental factors that contribute to hair loss, as well as the increasing availability of personalized diagnostic tools. Companies that can offer personalized treatments are likely to gain a competitive advantage in the market.

COVID-19 Impact Analysis

The economic impact of the pandemic has resulted in reduced patient demand for cosmetic procedures, including hair transplants. Patients are more cautious about their spending, and many have delayed or canceled their plans for cosmetic treatments. Many countries implemented strict lockdown measures, including the suspension of non-essential medical procedures, to control the spread of COVID-19.

As a result, many hair transplant procedures were postponed or canceled, leading to a decline in patient volumes and revenue for hair transplant clinics. The pandemic has disrupted global supply chains, leading to delays in the delivery of equipment and supplies needed for hair transplant procedures. This has impacted the ability of hair transplant clinics to provide timely and effective treatments.

Regional Analysis

APAC Dominates the Regional Hair Transplant Market

Asia Pacific is estimated to be the most lucrative market in the global hair transplant market, with the largest market share of 28% during the forecast period. Because of a large population, rising disposable income, and increasing awareness of hair restoration options. The Asia Pacific region is the fastest-growing market for hair transplant procedures including countries such as  India, China, and South Korea are seeing significant growth in the hair transplant market, with a focus on low-cost treatments and innovative techniques.

Also, The North American hair transplant market is driven by a high demand for hair restoration treatments, particularly among the aging population. The United States is the largest market in the region, with a significant number of hair transplant clinics and a growing focus on innovative techniques such as robotic hair transplantation.

Key Regions and Countries Covered in this Report

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Market Share & Key Players Analysis

The global hair transplant market is separated from entry-level firms to well-established organizations. These market players involved in the hair transplant industry are continuously focused on developing innovative products and procedures to achieve effective transplant outcomes. Venus Concept has surpassed the other players through rigorous developments and the launching of surgical as well as non-surgical treatment products. ARTAS iX robotic system has become one of the most demanding systems worldwide.

This system helps to assist physicians in identifying and extracting hair follicular units from the scalp of alopecia patients. Venus Concept after merging with Restoration Robotics Inc. brought this ARTAS system and has leveraged its potential in the hair restoration market.

Recent Developments

• Triple Hair Group Inc. launched NaturalTM a natural hair growth product for women which gets patented and clinically proven for specialized and innovative treatments for alopecia in March 2022.
• The Alma TED is an Ultrasound-based system and a non-traumatic option to address the world’s growing hair loss concerns launched by Alma an energy-based medical and aesthetic solutions industry to expand Alma’s United States portfolio of products in March 2022.

Listed below are some of the most prominent bio-based surface disinfectant industry players.

Market Key Players

• Venus concept
• Bernstein Medical
• Bosley
• The Harley Street Clinic
• Advanced hair studio
• Milla Marie
• Lexington Intl., LLC
• Cole Hair Transplant Group
• Other Players

Report Scope