Hair transplant is a surgical procedure that is used to move hair and hair follicles from an individual’s body called as donor site to a bald location on the body. The removed hair from one part of the body are implanted into tiny holes of the scalp. This procedure is ideally performed with the help of a scalpel or a punch graft instrument. With the help of hair transplant, it is possible for an individual to obtain the desired looks as well confidence.
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In our study, we have segmented the hair transplant market by procedure, site of implant and therapy. Based on procedure, global hair transplant market is segmented as surgical and non-surgical. The surgical procedure segment is further categorized as, follicular unit strip surgery (FUS), follicular unit extraction (FUE) and other on the surgical procedures. Based site of implant, the market is segmented as, scalp, facial, chest, and others. The facial segment is further classified as, eyebrow, beard and eyelash. Based on therapy, the global hair transplant market is segmented as, platelet rich plasma (PRP), laser cap and revage 670 laser. Geographically, the market for hair transplant is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South and Central America (S&CAM).
The hair transplant market is estimated to grow at a CAGR of 23.6% during the forecast period from 2018 to 2025. The market for hair transplant is estimated to reach US$ 28,627.6 Mn in 2025. The market is witnessing a potential growth rate during the previous years and is expected to witness similar trend in the coming years. Additionally, major players in the market are engaged in research and development activities. These players have been upgrading their product portfolio by applying for approvals as well as launching new products. For instance, in March, 2018, HairMax, Inc., received ANVISA approval for its laser device. This approval helped the company to offer treatment for heredity hair loss in Brazil.
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The market for hair transplant is well established in North America region, especially in the US and Canada. The market is expected to witness growth at a rapid rate in Middle East & Africa (MEA) during the forecast period. Turkey is one of the most popular destinations in MEA region with affordable price ranges and skillful doctors for hair transplantation. The hair restoration industry has grown at a higher pace in the past decade in the country. Cheap hair transplant surgery is one of the major factor that bring visitors to Turkey.
The major players operating in the market of hair transplant market include Cole Instruments Inc., CAPILLUS, LaserCap Company, Apira Science, Harris FUE Instruments, HairMax Inc., THERADOME, FueInstrument, Shaanxi Xingmao Industry Co., Ltd, and Restoration Robotics, Inc. among others.
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