Hair Transplant Market - Latest trends and insights
According to a new report published by Reports Monitor titled, “ Global Hair Transplantation Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global hair transplantation market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Hair transplant is a surgical procedure that moves hair follicles from one part of the body to another part of the body. Two procedures used in the process of hair transplantation are follicular unit transplantation and follicular unit extraction. Hair transplantation is chiefly used to treat the hair loss in male and female.
It can be used to restore pubic hair, eyebrows, beard hair, chest hair, eyelashes, and to fill in scars which is caused due to surgery and accidents like previous hair transplants as well as face-lifts. Rapid changing lifestyles, Social pressure and awareness, increasing awareness regarding personal appearance, rising disposable income and increasing celebrity and media influence are the factors driving market growth globally. Moreover, other critical factors like harsh styling practices, use of hair treatment which involves surgery, heat or chemicals, physical trauma, major illnesses or other intense stressors, skin diseases etc. are resulting in rising demand for hair treatments as well as hair transplantation. Manufacturers are concentrating on expanding their scalp treatment and hair treatment product lines in order to cater the increasing needs of consumers for the purpose of efficient hair loss treatments owing to the increasing demand.
Hair transplantation market is segmented on the basis of surgical procedures which covers scalp reduction, follicular unit transplantation, follicular unit extraction. The follicular unit hair transplant has continued to evolve, resulting to more refined and minimally invasive owing to the size of the graft incisions have become smaller. With Follicular Unit Extraction harvesting, individual follicular units are removed under local anesthesia containing 1 to 4 hairs. On the basis of type of surgery, the market is segmented which includes eyebrow transplant, head hair transplant, frontal hairline lowering or reconstruction. On the basis of end user, it is segmented into Hospitals, Specialized Clinics, Ambulatory Surgical Centers. Moreover, on the basis of regions, it is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.
On the basis of geographical regions covered, the global hair transplantation is analysed across Middle East and Africa (LAMEA), North America, Europe, Asia-Pacific and Latin America. On the basis of geographical regions covered, the global hair transplantation is analysed across Middle East and Africa (LAMEA), North America, Europe, Asia-Pacific and Latin America. Asia Pacific is the second largest and fastest growing market. Whereas, Europe hair transplant market is also growing significantly. UK is believed to be fastest growing market for hair transplant in European region. Middle East & Africa market for hair transplant is expected to grow at a steady pace, due to lack of knowledge of treatments.
The key vendors in this market are:
MEDICAMAT (France), Restoration Robotics Inc. Company (US) , Bosley (US), Bernstein Medical (US), Cole instruments (US), Ethics hair instruments (India)
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