The hair transplant market report serves with all-inclusive, highly-effective, and thoroughly analyzed information in a well-organized manner, based on actual facts, about the Market. The whole information from the scratch to the financial and management level of the established industries associated with the Market at the global level is initially acquired by the dedicated team. The gathered data in this hair transplant report involves the information about the industry’s establishment, type and the form of products it manufactures, annual sales and revenue generation, the demand of the manufactured product in the market, marketing trends followed by the industry, and a lot more important information.
The global hair transplant market accounted to US$ 5,272.1 Mn in 2017 and is expected to grow at a CAGR of 23.6% during the forecast period 2018 – 2025, to account to US$ 28,627.6 Mn by 2025.
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Rise in the Number of Surgical Hair Restoration Procedures
In recent years, there has been a considerable rise in the number of surgical hair restoration procedures. Hair transplant surgery offers benefits such as, original hair color and appearance, and the results are permanent. The process is completely safe and does not include harmful chemicals that might cause harm to the individual. The above stated factors are responsible for the increase in the demand for hair transplant procedures worldwide. This gradual increase in the number of hair transplant surgeries is anticipated to increase the demand for transplant in the forecast period.
Increase in the Number of Hair Transplant Procedures among Men
Hair transplant procedures have been opted by men on a large scale in the past few years. Since men are more prone to baldness, they hold maximum share as the users of hair transplant procedures. According to the International Society of Hair Restoration Surgery, the percentage of men undergoing hair transplant surgery increased from 84.7% in 2014 to 85.7% in 2016. Factors such as rising work pressure, stress, improper eating habits, heredity, and exposure to chemicals among others, cause hair fall and receding hair line. Growing media and celebrity influence, societal pressure, and growing urbanization are some of the factors encouraging individuals to opt for hair transplant procure in order to enhance their physical appearance.
Product launches and approvals were observed as the most adopted strategy in global hair transplant industry. Few of the recent product launches and approvals made by the players are listed below;
2018: In March, 2018, HairMax received ANVISA approval for laser devices. Also, Restoration Robotics Received US FDA 510(k) clearance for implantation function.
2016: In February, 2016, Hair restoration leader, capillus launches newest FDA-cleared solution for hair loss: capillus202 mobile laser therapy cap.
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- Cole Instruments Inc.
- LaserCap Company
- Apira Science
- Harris FUE Instruments
- HairMax Inc.
- Shaanxi Xingmao Industry Co., Ltd
- Restoration Robotics, Inc.
Reasons To Buy
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