The Global Hair Transplant Market is growing rapidly. The major competitors in this market are either hair transplant equipment manufacturers or hair transplant services providers. These players are investing money in R&D to develop more innovative products for the market. Companies are entering into tie ups with hair transplant services providers to provide more usable solution to the customers. Top players like NeoGraft, and Restoration Robotics, Inc. holding the major share in the market while the smaller players in this market are holding reasonable amount of share in the market. Leading players in this market are focusing on developed and high income regions like North America and Europe for their revenues. But now these companies are developing strategies to expand their businesses in rapidly growing and emerging markets for their growth.
The International Hair Transplant Market has been evaluated as rapidly growing market and it is expected that the market will continue to grow similarly in the near future. People are getting more conscious about their appearance that is leading the market growth for hair transplant. Increasing awareness, increasing spending, and introduction of new therapies are driving the growth for global hair transplant market. The World Hair Transplant Market was around US$ 4506.5 million in 2016 and is expected to reach US$ 20428.8 million which is projected to grow at a CAGR of 24.1% by 2023.
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Major Regional Analysis of Global Hair Transplant Market:
Considering the global scenario of the market, the Americas is holding the largest market share. This market was valued at USD 2,240.7 Million in 2016. Asia Pacific is the second largest and fastest growing market and expected to grow at a CAGR of 24.3% during the forecast period. Europe hair transplant market is also growing significantly. The west European countries like Germany, France, and UK are holding major market share. While UK is believed to be fastest growing market for hair transplant in European region. Europe hair transplant market is expected to reach USD 3,647.3 million by 2033. Due to lack of knowledge of treatments, Middle East & Africa market for hair transplant is expected to grow at a steady pace.
Hair Transplant Market segment:
Global Hair transplant market has been segmented on the basis of surgical methods which comprises of Follicular Unit Transplantation (FUT), Follicular Unit Extraction (FUE).
On the basis of type of surgery, the market is segmented into head hair transplant, eyebrow transplant, frontal hairline lowering or reconstruction.
On the basis of end user, it is segmented into trichology clinics, hospitals, dermatology clinics, and others.
Hair transplant is a surgical procedures that moves hair follicles from one part of the body to another part of the body. Hair transplantation is chiefly used to treat the baldness in male and female. There are two types of procedures used in the process of hair transplantation namely Follicular Unit Transplantation (FUT) and Follicular Unit Extraction (FUE).
Number of surgical procedures, high success rate of treatment, increasing usage of high dosage drugs, and growing demand from emerging economies are major driving forces for the market.
Key Players for Global Hair Transplant Market:
Some of the key players in this market are: Bernstein Medical (US), Bosley (US) Cole instruments (US), Ethics hair instruments (India), MEDICAMAT (France), and Restoration Robotics Inc. Company (US).
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Major TOC Hair Transplant Market:
1 History and Evolution of Hair Transplant
1.1 Scenario Analysis
2 Report Prologue
3.1 Scope of Study
3.2 Research Objective
3.3 Assumptions & Limitations
3.4 Market Structure
4 Research Methodology
4.1 Market Size Estimation
4.1.1 Market Share analysis
4.2 Market Pricing Approach
5 Market Dynamics
5.2.1 Increasing number of surgical procedures
5.2.2 Consumption of high doses of drugs
5.3.1 High Cost
5.3.2 Availability of alternative treatment
5.4.1 Rise in number of Androgenic alopecia
5.5.1 Introduction of new companies and hospitals
5.6 Macroeconomic Indicators
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