Hair restoration is a technique where each follicle of the donor's hair is removed and harvested surgically from the back of the head. Hair restoration includes surgical and nonsurgical techniques. Surgical hair restoration includes hair transplantation and other techniques. The global hair restoration market is projected to increase at a significant pace during the forecast period. Important factors such as the growing incidence of hair transplantation among the young generation, availability of new technologies for transplantation, fewer side-effects happening after hair transplantation, and emerging players with hair restoration services are projected to boost the growth of the Hair Restoration market during the forecast period.
Additionally, rising concern over hair loss and increasing hair restoration services are expected to fuel the growth of the global hair restoration market in the next few years. According to the Antimicrobial Resistance (AMR) Fact Sheet published by WHO, in 2018, nearly 50 million men and 30 million women in the U.S. suffer from hair loss. Similarly, in India, the majority of the male population, particularly in their 20s, has been tackling with baldness issue.
Moreover, many key hair restoration service providers have been planning to developing and improving their services. This fact increase demand for the upgraded version of numerous hair restoration solutions, specifically, follicular unit extraction and follicular unit transplantation. Ultimately it propels the growth of the Hair Restoration market in the forthcoming years.
Covid-19 Impact on Hair Restoration Market:
In addition, the current Hair Restoration Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Hair Restoration Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Hair Restoration Market Segment Overview
Based on the service type, the Follicular Unit Extraction (FUE) segment accounted for the largest share of the market. FUE transplant has increased in demand because it is less invasive than Follicular Unit Transplantation (FUT), virtually undetectable scarring, faster recovery, and patient comfort. In addition to this, according to the Eugenix Hair Transplant Sciences, 2019, the direct hair transplantation (DHT) technique is the most advanced technique of hair transplantation. This technique involves the ingenious process of simultaneously extracting and implanting the hair. As well, this technique is the most modern modification of the popular FUE (follicular unit extraction) technique.
Hair Restoration Market, By Service Type
· Follicular Unit Extraction
· Follicular Unit Transplantation
· Laser Treatment
· Follicular Unit Strip Surgery
· Others
Hair Restoration Market, By Gender
· Male
· Female
Hair Restoration Market, By End-User
· Hospital
· Clinics
· Others
Hair Restoration Regional Overview
Region-wise, North America is projected to account for the largest share of the market during the forecast period. Growing awareness about hair restoration services, higher adoption of hair transplants due to increased physicians’ prescriptions, and technological advancements in the U.S are anticipated to escalate the growth of the market in this region. Additionally, expansion in the number of clinics for hair restoration services, and the rising number of clinics by private players are further propelling the growth of the Hair Restoration market in this region. Likewise, Asia Pacific is expected to rise at a significant pace during the forecast period. This growth can be attributed to technological advancement and increasing the number of individuals choosing procedures involved in the hair restoration market. In addition, high awareness regarding aesthetic procedures and the growing selection of people for cosmetic procedures are also facilitating the market’s growth in this region.
Hair Restoration Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Hair Restoration Market Competitor overview
Some key developments and strategies adopted by manufacturers in Hair Restoration are highlighted below.
· In July 2021, Stemson Therapeutics announced the closing of a DCVC Bio-led $15 million Series A financing to advance the development of Stemson’s proprietary therapeutic solution to cure hair loss. Genoa Ventures, AbbVie Ventures, and other investors join in supporting Stemson’s efforts to restore human hair growth with a novel cell regeneration technology using the patient’s own cells to generate new hair follicles.
· In July 2021, BioPhotas, Inc., the market leader in therapeutic LED Light Therapy devices announced a major product line extension to the Company's award-winning Celluma SERIES of Light Therapy Devices. The all-in-one Celluma RESTORE is the first LED device FDA-cleared for over-the-counter (OTC) use to treat three common concerns of the mature individual in a single device: hair loss, aging skin, and general pain conditions. This is the 14th model in the Celluma SERIES.
Hair Restoration Market, Key Players
· Elite Hair Restoration
· NeoGraft
· Lexington Intl., LLC
· Cole Hair Transplant Group
· Direct Hair Implantation International
· Venus concept
· Bernstein Medical
· Bosley
· The Harley Street Clinic
· Advanced hair studio
· Milla Marie
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Hair Restoration Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Service Type
- 5.2.1. Follicular Unit Extraction
- 5.2.2. Follicular Unit Transplantation
- 5.2.3. Laser Treatment
- 5.2.4. Follicular Unit Strip Surgery
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Gender
- 5.3.1. Male
- 5.3.2. Female
- 5.4. Market Analysis, Insights and Forecast – By End-User
- 5.4.1. Hospital
- 5.4.2. Clinics
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Hair Restoration Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Service Type
- 6.2.1. Follicular Unit Extraction
- 6.2.2. Follicular Unit Transplantation
- 6.2.3. Laser Treatment
- 6.2.4. Follicular Unit Strip Surgery
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Gender
- 6.3.1. Male
- 6.3.2. Female
- 6.4. Market Analysis, Insights and Forecast – By End-User
- 6.4.1. Hospital
- 6.4.2. Clinics
- 6.4.3. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Hair Restoration Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Service Type
- 7.2.1. Follicular Unit Extraction
- 7.2.2. Follicular Unit Transplantation
- 7.2.3. Laser Treatment
- 7.2.4. Follicular Unit Strip Surgery
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Gender
- 7.3.1. Male
- 7.3.2. Female
- 7.4. Market Analysis, Insights and Forecast – By End-User
- 7.4.1. Hospital
- 7.4.2. Clinics
- 7.4.3. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Hair Restoration Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Service Type
- 8.2.1. Follicular Unit Extraction
- 8.2.2. Follicular Unit Transplantation
- 8.2.3. Laser Treatment
- 8.2.4. Follicular Unit Strip Surgery
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Gender
- 8.3.1. Male
- 8.3.2. Female
- 8.4. Market Analysis, Insights and Forecast – By End-User
- 8.4.1. Hospital
- 8.4.2. Clinics
- 8.4.3. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Hair Restoration Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Service Type
- 9.2.1. Follicular Unit Extraction
- 9.2.2. Follicular Unit Transplantation
- 9.2.3. Laser Treatment
- 9.2.4. Follicular Unit Strip Surgery
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Gender
- 9.3.1. Male
- 9.3.2. Female
- 9.4. Market Analysis, Insights and Forecast – By End-User
- 9.4.1. Hospital
- 9.4.2. Clinics
- 9.4.3. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Elite Hair Restoration
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. NeoGraft
- 10.6. Lexington Intl., LLC
- 10.7. Cole Hair Transplant Group
- 10.8. Direct Hair Implantation International
- 10.9. Venus concept
- 10.10. Bernstein Medical
- 10.11. Bosley
- 10.12. The Harley Street Clinic
- 10.13. Advanced hair studio
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
