Hair transplantation is the surgical technique which includes removal of the hair follicles from ‘donor site’ to bald area of head. The procedure is majorly used to treat the male pattern baldness. Males suffering from the pattern baldness, women with the thinning hair and victims of burn or scalp injury generally opt for such transplant.
Growing number of people suffering from the baldness or thinning hair are the major industry driving factor for the hair transplant market growth over the anticipated timeframe. Various factors including medications, stress, genetics, ageing, malnutrition, and others can result in the hair loss. According to Hair Society, approximately 21 million women and almost 35 million men suffer from the hair loss. Thus, rising hair loss problem together with the rising occurrence of contributing factors will fuel hair transplant procedure demand over the forecast period.
Growing fascination about physical appearance coupled with benefits such as hair colour, natural appearance with the long term results are expected to surge adoption rate of the hair transplant therapy. However, high cost of treatment and various adverse effects including rashes, itching associated with the hair transplant drugs are expected to hinder the market growth to certain extent.
Segment Overview
Hair transplant therapy comprises of platelet-rich plasma (PRP), laser therapy and others. Platelet rich plasma therapy market accounted for the major market share in 2019 and is estimated to follow comparable trend in the coming years owing to various benefits of the therapy in hair transplantation. It promotes tissues healing and repair, enhances the hair follicle feasibility and reinvigorates inactive hair follicles. According to International Society of Hair Restoration Surgery nearly 58.8% of patients were given the PRP as healing therapy worldwide in 2017. Therefore, the growing number of hair transplant surgeries are expected to spur the market forecasts for PRP progressively over the forecast period.
Regional Overview
Increase in the number of private and public clinics offering varied economical solutions for the hair loss problems in the Europe will act as the major driving factor for the Europe hair transplant market. Growing prevalence of the conditions such as hereditary-pattern baldness and Alopecia areata will accelerate the demand for the hair restoration surgeries.
Furthermore, the exponential growth of the Turkey’s medical tourism is expected to positively impact market growth. As per the International Medical Travel Journal, Turkey gets approximately 1.1 million medical and health tourist annually. Thus, the increasing number of people suffering from various diseases such as genetic hair loss, growing number of clinics offering restoration surgeries at inexpensive prices and growth of the medical tourism business in the country will lead to the market expansion of European hair transplant market.
Competitor overview
The companies are implementing many strategies such as partnerships and collaborations, new product launches, in order to increase their revenue share in the booming hair transplant market. In May 2019, Hair Club and Bosley launched BioGraft, a new technology in the hair loss solutions. This new product provides to need of both women and men as well as pools advanced surgical restoration technique the Follicular Unit Extraction (FUE) with the Xtrands+, a non-surgical solution for the hair loss.
Key Players
- Allergan
- Bernstein Medical
- GETFUE Hair Clinics Ltd
- Hair Transplant Center Turkey
- ILHT Dubai
- L'Oreal SA
- Restoration Robotics
- Bosley
Market Segmentation
By Procedure
- Surgical
- Non-Surgical
- Scalp
- Facial
- Chest
- Others
- Revage 670 Laser
- Platelet Rich Plasma
- Laser Cap
1 History and Evolution of Hair Transplant 10
- 1.1 Scenario Analysis 11
2 Report Prologue 13
3 Introduction 17
- 3.1 Scope of Study 17
- 3.2 Research Objective 17
- 3.3 Assumptions & Limitations 17
- 3.3.1 Assumptions 17
- 3.3.2 Limitations 17
- 3.4 Market Structure 18
4 Research Methodology 19
- 4.1 Market Size Estimation 20
- 4.1.1 Market Share analysis 21
- 4.2 Market Pricing Approach 22
5 Market Dynamics 23
- 5.1 Introduction 23
- 5.2 Drivers 24
- 5.2.1 Increasing number of surgical procedures 24
- 5.2.2 Consumption of high doses of drugs 24
- 5.3 Restraints 25
- 5.3.1 High Cost 25
- 5.3.2 Availability of alternative treatment 25
- 5.4 Opportunities 25
- 5.4.1 Rise in number of Androgenic alopecia 25
- 5.5 Challenges 26
- 5.5.1 Introduction of new companies and hospitals 26
- 5.6 Macroeconomic Indicators 26
6 Market Factor Analysis 28
- 6.1 Supply Chain Analysis 28
- 6.1.1 Raw Material 28
- 6.1.2 Supplier 28
- 6.1.3 Manufacturer 28
- 6.1.4 Distributer 28
- 6.1.5 Consumer 29
- 6.2 Porter’s five forces model 30
- 6.2.1 Bargaining power of suppliers 31
- 6.2.2 Bargaining Power Of Buyers 31
- 6.2.3 Threat Of New Entrants 31
- 6.2.4 Threat of Substitutes 31
- 6.2.5 Intensity of Rivalry 32
- 6.3 Demand & Supply – Gap Analysis 32
- 6.3.1 Demand Side Factors 32
- 6.3.2 Supply Side Factors 33
- 6.4 Pricing Analysis 33
- 6.5 Investment Opportunity Analysis 34
- 6.5.1 Market size (current and future), growth rate and profitability 34
- 6.5.2 Investment risks 34
- 6.5.3 Market outlook 34
- 6.5.4 Projections 34
- 6.6 Upcoming trends 35
- 6.6.1 Market trends 35
- 6.6.2 Technological trends 35
- 6.6.3 Insurance & Regulations 35
7 Global Hair Transplant Market, Surgical Methods 36
- 7.1 Introduction 36
- 7.1.1 Follicular Unit Transplantation (FUT) 37
- 7.1.2 Follicular Unit Extraction (FUE) 38
- 7.1.2.1 Follicular isolation technique 39
- 7.1.2.2 Robotic hair transplantation 40
- 7.1.2.3 Automated FUE hair transplantation 41
8 Global Hair Transplant Market, Type Of Surgery 43
- 8.1 Introduction 43
- 8.1.1 Head hair transplant 44
- 8.1.2 Eyebrow transplant 45
- 8.1.3 Frontal hairline lowering or reconstruction 46
9 Global Hair Transplant Market, End-User 48
- 9.1 Introduction 48
- 9.1.1 Trichology clinic 49
- 9.1.2 Hospitals 50
- 9.1.3 Dermatology 51
10 Global Hair Transplant Market, by Region 53
- 10.1 Introduction 53
- 10.2 Americas 55
- 10.3 Europe 65
- 10.4 Asia-Pacific 81
- 10.5 Middle East & Africa 94
11 Company Profile 100
- 11.1 MEDICAMAT 100
- 11.1.1 Company Overview 100
- 11.1.2 Product/Business Segment Overview 100
- 11.1.3 Financials 100
- 11.1.4 Key Development 100
- 11.1.5 SWOT Analysis 101
- 11.2 Restoration Robotics Inc. Company 102
- 11.2.1 Product/Business Segment Overview 102
- 11.2.2 Financials 102
- 11.2.3 Key Development 102
- 11.2.4 SWOT Analysis 103
- 11.3 COLE INSTRUMENTS (US) 104
- 11.3.1 Company Overview 104
- 11.3.2 Product/Business Segment Overview 104
- 11.3.3 Financials 104
- 11.3.4 Key Development 104
- 11.3.5 SWOT Analysis 105
- 11.4 Bernstein Medical 106
- 11.4.1 Company Overview 106
- 11.4.2 Product/Business Segment Overview 106
- 11.4.3 Financials 106
- 11.4.4 Key Development 106
- 11.4.5 SWOT Analysis 107
- 11.5 Ethics hair Instruments 108
- 11.5.1 Company Overview 108
- 11.5.2 Product/Business Segment Overview 108
- 11.5.3 Financials 108
- 11.5.4 Key Development 108
- 11.5.5 SWOT Analysis 109
- 11.6 Bosley 110
- 11.6.1 Company Overview 110
- 11.6.2 Product/Business Segment Overview 110
- 11.6.3 Financials 110
- 11.6.4 Key Development 110
- 11.6.5 SWOT Analysis 111
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
