Hair Transplant Market Booming in United Arab Emirates, Bahrain, United Kingdom, St. Helena, Australia and United States Region | Industry 2023 Insight

Hair Transplant Market
Market Research Future published a Cooked research report on “Global Hair Transplant Market Research Report – Forecast to 2023 ” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

The Global Hair Transplant Market is growing at a rapid pace. The global hair transplant market is expected to reach USD 23,881.9 million by 2023 from USD 4,128.1 in 2016 with a CAGR of 24 % for the forecasted period 2017 to 2023.

Hair Loss: Global Hair Transplant Market Scenario:

Hair loss is one of the major problems across the globe. This condition is not limited to the particular age group it can be caused any age group. Many famous figures and politicians are also suffering from hair loss. According to the research of Charite – Berlin University of Medicine performed in 2013, hair loss can lead to lower the self-confidence and in some cases, it may lead to depression and anxiety. As per Sanket Shah, CEO of Advanced Hair Studio, which is a hair replacement company headquartered in India has told in his interview that, the trend of hair transplant has increased in young or mid age population as, 80% of the clients are between the age group of 20-40 years. While, few years back, during1980s-90s where 70% of a client was between the age group of 40-60 years. He also explained that increasing stress, changing lifestyle and increasing population has led to the onset of hair loss at a young age. The prevalence of hair loss is continuously increasing and so as its demand.

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Global Hair Transplant Market – Competitive Analysis:

Hair transplant market is characterized by the presence of numerous well-established players with their presence in global as well as at regional level. Many well-established players are entering into the various acquisition, collaboration, partnership, expansion, and technology launch events in order to gain a competitive advantage over other players in the market and to maintain their market position. Hair transplant market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in intensified competition further with an increase in service extensions, technological innovations.

For instance, in April 2017, a company named Bernstein Medical has introduced major upgrade of their hair transplant robot ARTAS 9x, that will enable faster and more precise Robotic FUE procedures. To gain the competitive edge and to stay abreast in the market; marketers ensure that the information about hair transplant procedures is provided thoroughly to the client only by a well-trained surgeon. For that, the companies organize or participate in the conferences to take about or spread awareness about their product.

For say, Dr. Bernstein (a Clinical Professor of Dermatology at the College of Physicians and Surgeons of Columbia University) discussed the exciting new capabilities of the most recent upgrade to the ARTAS Robotic System, ARTAS 9x and its latest innovations in the FUE procedures at the 25th Annual Conference of the International Society of Hair Restoration (ISHRS) in October 2017. These key players also ensure to provide the best possible patient care throughout Hair Transplant experience. Hence, the growing technological innovations and raising consciousness about the treatment methods has spurred the growth of 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).

Hair Transplant Market Segments:

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.

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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.

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