Hair Transplant Market Size, Growth, Trends, Forecast 2032

Hair Transplant Market: Industry Perspective

The global hair transplant market size was worth around USD 6.04 Billion in 2023 and is predicted to grow to around USD 33.25 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 20.86% between 2024 and 2032. The report analyzes the global hair transplant market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hair transplant industry.

Request Free Sample

In order to give the users of this report a comprehensive view of the hair transplant market we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the Product and services segment is benchmarked based on their market size, growth rate and general attractiveness.

The report provides a company market share analysis in order to give a broader overview of the key players in the hair transplant market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the hair transplant market on a global and regional basis.

Hair Transplant Market: Overview

Hair Transplant is a form of surgery that transfers hair from the donor spot of the body to the balding part. This process is most often used for the treatment of male pattern baldness. The surgeon transfers hair from the side or back of the head. Pattern baldness is a major reason for hair loss. A hair transplant is performed under local anesthesia.

Hair Transplant Market: Growth Factors

Factors such as the increasing number of individuals suffering from balding, growing intensity of factors causing balding, increasing importance of physical appearance, multiple benefits of hair transplant like natural appearance, increasing spending on physical appearance in developing regions, and growing popularity of follicular unit extraction will act as major driving factors in the growth of global hair transplant market. Technological improvements in the field of hair transplant and growing awareness will present an opportunity for the market players in the hair transplant market. Nonetheless, the high cost of hair transplant procedures, lack of skilled surgeons, and some side effects related to hair transplant will restrict the growth of the global hair transplant market.

Hair Transplant Market: Segmentation Analysis

The global hair transplant market has been split into product, method, therapy, and region.

Based on product, the hair transplant market has been segmented into drugs, serum, gel, and others. The drugs segment accounted for the highest market share in 2023 owing to the increasing use of Minoxidil and Finasteride.

The method segment has been divided into follicular unit transplantation (FUT), follicular unit extraction (FUE), and others. The follicular unit extraction (FUE) segment is expected to exhibit the highest CAGR during the forecast period.

The therapy segment has been divided into laser therapy, stem cell therapy, platelet-rich plasma, and others. The platelet-rich plasma segment accounted for the highest market share in 2023 due to several advantages of PRP in hair transplantation.

Hair Transplant Market: Regional Analysis

North America will be the leading region during the forecast period. The U.S. accounted for the highest share in the North American region due to the presence of the latest hair transplant techniques and the growing importance of physical appearance. Europe is likely to be the succeeding key market. The crucial reasons are the presence of skilled medical professionals and high awareness regarding hair transplants.

Asia Pacific will develop at the highest growth rate owing to technological improvements in the field of hair transplant, and increasing cases of male pattern balding. Latin America region will propagate at a noteworthy rate through the assessment time. Middle East & Africa will show positive advancement in the projected time frame.

Hair Transplant Market: Report Scope

Hair Transplant Market: Competitive Analysis

Some of the major players in the global hair transplant market include:

• Allergan plc
• Restoration Robotics, Inc.
• Venus Concept (NeoGraft)
• Hair Club
• Bernstein Medical
• Hairline International Hair and Skin Clinic
• Bosley
• Lumenis, Inc.
• Hair Restoration BlackRock HRBR
• L'Oreal SA.

The global hair transplant market is segmented as follows;

Global Hair Transplant Market: By Product

• Drugs
• Serum
• Gel
• Others

Global Hair Transplant Market: By Method

• Follicular Unit Transplantation (FUT)
• Follicular Unit Extraction (FUE)
• Others

Global Hair Transplant Market: By Therapy

• Laser Therapy
• Stem Cell Therapy
• Platelet Rich Plasma
• Others

Global Hair Transplant Market: By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa