Dublin, Dec. 04, 2024 (GLOBE NEWSWIRE) — U.S “Hair Transplantation Market Report Global Forecast by Service Provider, Type, Countries and Company Analysis” reference has been added to ResearchAndMarkets.com offering.
The global hair transplant market is expected to grow from USD 11.55 billion in 2024 to USD 44.79 billion by 2033, at a CAGR of 16.25% from 2025 to 2033. Key market drivers include the increasing demand for cosmetic procedures, increasing incidence of hair loss, new developments in surgical techniques and increasing level of acceptance of hair restoration in both sexes.
As a change in sociological values related to beauty and appearance, increased awareness of cosmetic procedures, including hair transplants, has increased significantly. Both men and women are looking for some solution to their hair loss patterns, thus creating an ever-increasing demand for hair restoration treatments.
It is at this grassroots level that social media, advertising and celebrity endorsements have made a significant difference in equalizing and promoting this process. Growing awareness coupled with a shift in cultural outlook towards grooming and caring for one’s body has led to a massive expansion in the size of the hair transplant market, thereby increasing its acceptance as a cosmetic treatment.
Improvements in Hair Transplant Surgical Procedures
Hair transplant techniques have continued to emerge and this has significantly influenced the growth of the market. Other newer, non-invasive treatments such as follicular extraction and improved follicular extraction technology have helped the treatment to be more effective, leave almost invisible scars and take much less recovery time. The result is mainly that there are fewer complications and natural results, so it is attractive to a much larger customer base.
As surgical technology becomes more defined, patients are also making choices between hair transplants and other forms of hair restoration, thus increasing the market. August 2024 Cloning hair follicles is the process of creating an exact copy of a patient’s natural hair follicle in a laboratory, while tissue engineering will construct new follicles through biomaterials. These technologies could one day be a cure for permanent hair loss.
Male and female alopecia areata in growth
Alopecia loss worldwide has become a growing factor facilitating this ever-growing hair transplant market, especially at younger ages. Genetics, stress, diet, and environmental changes also cause early thinning hair and baldness, and people are looking for treatments. Whether it is men or women, people are more likely to accept a wide range of cosmetic interventions related to hair regeneration, which is currently increasing in all types of age groups. This has increased prices for hair transplants due to increased demand and general awareness of the availability and success rates with hair transplants.
Hair Transplant Industry in Canada
The growing demand from people to regain their hair is driving Canada’s hair transplant industry, where more and more people are opting for surgical hair restoration. An increasing number of men and women in Canada are looking for solutions to hair loss. More people have chosen FUE procedures to achieve completely natural results and set themselves up for a more natural and balanced style.
The added expertise from professionals and the ever-increasing acceptance towards aesthetic therapy is driving growth in the market. Second, celebrity and social media endorsements increase the popularity of hair transplants and make them a trendy and sought-after procedure for baldness or even thinning hair conditions. LITFULOT (ritlecitinib), the dual JAK3/TEC inhibitor developed by Pfizer, was approved by Health Canada for the treatment of severe alopecia areata in adults and adolescents aged 12 years and older in December 2023.
China hair transplant market
Increasing cosmetic procedures and the increasingly common condition of baldness are the main factors behind the popularity of China’s hair transplant market. As Chinese consumers become more open to cosmetic treatments, men and women are increasingly seeking hair transplants, particularly in major cities. Advances in hair restoration methods, specifically Follicular Unit Extraction (FUE), have made it more accessible and relatively minimally invasive.
Social media influence and growing celebrity endorsements are also fueling interest in hair transplants, as more and more people suffering from thinning hair and baldness in China will seek solutions for such conditions. According to official statistics, in China, about 250 million people suffer from hair loss or thinning hair, of which 130 million are affected by a condition known as androgenetic alopecia, also called patterned hair loss.
Saudi Arabia Hair Transplant Market
The Saudi Arabian hair transplant market is growing rapidly as it is driven by the growing demand for hair restoration treatment among men and women. With greater awareness of cosmetic procedures and increased acceptance of cosmetic surgery, hair transplants have become a commercially viable solution to address problems associated with hair loss.
. For example, a large volume of high-income customers looking for effective hair restoration treatment supports the market. Technological innovations such as Follicular Extraction (FUE) have also helped grow the market, with patients now able to appreciate more natural-looking results and almost minimal downtime. Celebrity endorsements and social media influence have also increased the popularity of hair transplants in Saudi Arabia.
Company Overview of Hair Transplant Market
Key Players
- Concept of Venus
- Sisram Medical Ltd
- Cutera Inc
- Allergan PLC
All key players have been covered in 4 aspects:
- Business overview
- Key persons
- Recent Development & Strategies
- Sales Analysis
Key Features:
Attribute reference | Details |
Number of Pages | 105 |
Prognostic period | 2024 – 2033 |
Estimated market value (USD) in 2024 | $11.55 billion |
Projected Market Value (USD) to 2033 | $44.79 billion |
Compound Annual Growth Rate | 16.2% |
Covered Areas | Catholic |
Key topics covered:
1. Introduction
2. Research & Methodology
3. Summary
4. Market Dynamics
4.1 Development Guides
4.2 Challenge
5. Global Hair Transplant Market
5.1 Historical trend
5.2 Predictive Trend
6. Market Share Analysis
6.1 From service provider
6.2 In process
6.3 By type
6.4 By Country
7. Service Provider
7.1 Hospital
7.2 Clinic
7.3 Surgical centers
7.4 Other
8. Procedure
8.1 Follicular Unit Transplantation (FUT)
8.2 Follicular Unit Extraction (FUE)
8.3 Combination of FUT and FUE
8.4 Other
9. Press
9.1 Head Hair Transplantation
9.2 Eyebrow Transplantation
9.3 Frontal hairline reduction
9.4 Other types
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East and Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 UAE
11. Porter’s Five Forces Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT analysis
12.1 Power
12.2 Impairment
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
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https://www.globenewswire.com/news-release/2024/12/04/2991313/28124/en/Hair-Transplant-Global-Market-Forecast-and-Competitive-Analysis-Report-2024-2032-with-Focus-on-Saudi-Arabia-China-and-Canada-Profiles-of-Venus-Concept-Sisram-Medical-Cutera-and-All.html