Hair Transplantation Market Size, Share, Report | Forecasts (2019-2028)
The global hair transplant market has been evaluated as rapidly growing market and it is expected that the market will continue to grow similarly in the near future. People are getting more conscious about their appearance that is leading the market growth for hair transplant. Increasing awareness, increasing spending, and introduction of new therapies are driving the growth for global hair transplant market.
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Considering the global scenario of the market, due to increasing cases of hair loss and rapid adoption of therapies, North America is largest market for hair transplant, while U.S. is holding the largest market share in North American region. European market is second largest for hair transplant, and West European countries are dominating the European market. On the other hand, Asia-Pacific (APAC) will be grow at the fastest rate in global hair transplant market and expected to grow significantly during the forecast period. The growth is attributed to the factors such as increasing knowledge of treatments, increasing healthcare expenditure and growing acceptance of these therapies. While Middle East and Africa (ME&A) is likely to have a limited growth in the market due to less awareness of treatment and therapies.
Increasing prevalence of cancer and various skin related disorders globally is contributing towards effective hair loss treatments with long term results.
The hair transplant surgery allows patients to be treated with minimal discomfort, performed on an outpatient basis. Increasing prevalence of various forms of dermatologic disorders with changing lifestyle among working class population such as unhealthy eating habits, increasing consumption of alcohol and rising stress level is expected to contribute towards accelerated hair loss. However, adoption of hair transplant surgery is expected to remain high in the near future attributed to ever increasing thirst for better results, and due to the changing social trends and attitudes.
However, post-surgery care is significant in hair transplant. Swelling of the scalp and face along with itching is common in many patients. The patient must be careful if the scalp starts itching, as scratching will make it worse and result in scab formation. Other common side effect associated with the treatment involves hair thinning also referred to as called as shock loss that is usually temporary. High cost associated with the treatment is one of the most important factor affecting the global adoption of hair transplant procedures currently. A typical hair transplant procedure ranges between $ US 8 to $ US10 per graft. Increasing healthcare costs and economic slowdown in developed markets are some of the other factors constraining the market growth of hair transplant industry in the near future.
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Some of the key players in this market are: Bernstein Medical, P.C.Cole Instruments Inc. (US), COLE INSTRUMENTS (US), MEDICAMAT (France), NeoGraft (US), Restoration Robotics, Inc. (US) and others