The hair transplant industry is increasing with a faster pace and record growth estimated by the global hair transplant market, more commercial, as well as the mass appeal, arises in the particular space in the plastic & cosmetic the surgery industry. The latest report published by the Market Research Future (MRFR), the global hair transplant market will reach USD 23,881.9 million by the year 2023. The hair transplant information market on the basis of the surgical methods, either it is FUT hair transplant or the FUE hair transplant and the type of the hair transplant surgeries such as scalp hair transplant, eyebrow, facial, frontal hairline constructions, by the receiver of the surgeries stated that it is blooming at a rapid rate and expected to reach with a great data, subsequently weighs a top-notch place in the cosmetic surgery’s industry.
The hair transplant procedure is a high-demand surgery and a most prevalent among men to address the male pattern baldness (MPHL). It has also a record growth in addressing the female pattern hair loss (FPHL) and the market of hair transplant is poised to take a higher percentage and a larger market share for the follicular unit transplant (FUT) with 52.9%.
The market research future for the follicular unit transplant (FUT) has a rapid bloom and takes a space of top-notch as a well-accepted and result-oriented hair transplant method.
The surgical restoration of hair involves the transferring of hair follicles/grafts from one part of the body to another part of the body followed by the extraction method, either performed by the FUT hair transplant or through the FUE restoration method.
The major driving forces of the hair transplant market can be categorized into the following segments jotted below in the bullets:-
- The high success rate of the hair transplant procedure
- Number of surgical treatment/session
- Increasing demand from emerging economies
- Usage of high-end technologies
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Key Facts Explored:
- The follicular unit transplant (FUT) shares the largest market share with 52.9% of the global hair transplant market.
- Scalp hair transplant shares the largest percentage with 90% in the hair transplant industry.
- Hair transplant clinics account for the huge market share and is forecasted to reach up to USD 14,193.7 million by 2023.
Global Hair Transplant Market Segmentation: An Observation
According to the global hair transplant market, the hair transplant market is segmented on the basis of the procedural technique, i.e., the FUT hair transplant and the FUE hair transplant. The hair transplant market is also segmented on the basis of the type of the surgeries such as body hair transplant, scalp hair transplant and the facial hair transplant, i.e., eyebrow, beard or moustache hair transplant.
The research, based on the end user, the market is segmented into trichology clinics, dermatology clinics and hair transplant clinics. It has been found out that the trichology clinics and hair transplant centres share a top-notch space in the market and it is expected to remain dominated by a record valuation of USD 14,190 Mn by the year 2023.
Geographical Analysis of Global Hair Transplant Market:
The report of global hair transplant market research extensively comprises an in-depth research, detailed analysis of qualitative vs. quantitative hair transplant aspects of industry experts, opinion of the leaders in the market, innovative research and findings collected from the reputed restoration sites and forums helps us to gain a deeper insight into the hair transplant market as well as the industry performance.
As of now America holding the top-notch position in providing the hair transplant services, but these days scenario has been changed and India also a leading country in offering the best hair transplant services. After the globalization, the record performance of the Indian clinics and surgeon occupied a pioneer position and it has been estimated out that around 70-80% of hair transplant services are being done in India. This market is expected to grow and forecasted that the Asian subcontinent will stand at a CAGR of 50-60%.
