Hair Restoration Treatment Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Hair Restoration Treatment Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
The global hair restoration treatment market is prognosticated to value over US$ 21 billion by
the end of 2026 and grow at a CAGR of over 20% during the forecast period of 2019-2026.
Stress and hectic lifestyle are causing concerns like hair loss and balding. Also, other reasons
for causing hair loss are consumption of alcohol, unhealthy food habits which are a direct or
indirect consequence of a stressful lifestyle. Therefore, hair restoration and hair transplant
treatments are on the rise these days. One of the foremost reasons for this trend is the
awkwardness that people have to face due to lack of hair on a daily basis. Innovative
techniques like follicular grafting are more effective than traditional methods which have led to
the growth of the market worldwide. Modality systems like lasers, plasma injections and stem
cell therapy have further boosted the market growth. Organic growth strategies are being
considered by manufacturers for strengthening the portfolio and to up the game in research
activities.
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Insights of Hair Restoration Treatment Market:
1. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the world
The global hair restoration treatment market is led by North America and Europe regions due
to a higher spending capacity of the general public. Out of the two, North America is a major
stakeholder due to appearance, peer pressure, high income, growing urbanization, societal
pressure. Europe and Asia Pacific regions have a share of more than 40% in the global market
and the major reason is the adoption of advanced technologies by emerging economies like
India. Latin America is a fast-growing region due to an increase in end-user segment
penetration. Rest of the world possesses a smaller fraction and is the second fastest growing
region in the global market.
2. By Treatment Type
• Follicular Unit Strip Surgery (FUS)
• Follicular Unit Extraction (FUE)
FUE is expected to see a rise in the global market during the forecast period as compared to
FUS as it is pain-free virtually, it has a faster healing time and creates less number of scars on
the body as it is a non-invasive procedure. FUE will be more trending in the North American
and European markets due to their high spending capacity. However, FUS will be widely used
in the emerging economies and economies with a higher number of middle-class population as
it is less expensive than FUE.
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3. By End-User
• Hospitals
• Speciality clinics
• Outpatient centres
Hospital hair transplant and restoration business are expected to witness a rapid rise in the
global market due to the increase in the number of multi-speciality hospitals creating more
opportunities for hair restoration and transplant surgeries. Also, the facilities provided by the
hospitals which help in getting a clear diagnosis of hair loss disorders can boost the market
segment further as it guides for a future line of treatment. Clinic hair transplant business
generated maximum revenue in the year 2017 and is expected to do the same during the
forecast period. One of the reasons for this to happen is a rising demand for single session hair
restoration treatment which the clinics are able to provide efficiently.
4. By Therapy
• Platelet Rich Plasma (PRP)
• Stem cell therapy
• Laser therapy
PRP therapy segment dominates the global market. It accounted for around USD 230 million in
the year 2017. According to a report from the International Society of Hair Restoration Surgery
(ISHRS), about 58.8% of patients were treated with PRP therapy worldwide. Faster healing
rate and minimal scarring will result in an increase in demand for PRP therapy leading to more
business opportunities. On the other hand, stem cell market is also expected to grow at a rapid
rate during the forecast period. As per the ISHRS report, more than 53% of clinicians favour
stem cell therapy due to the various side effects of the currently approved drugs.
Competitive Landscape:
• Restoration Robotics
• Theradome
• Igrow
Igrow’s Low-Level Light Therapy (LLLT) at an approximate wavelength of 655 nanometres can
help in reenergizing healthy follicle cells and stimulate and stabilize hair production
correspondingly. This non-invasive therapy will help them gain some traction in the global
market during the forecast period. The ARTAS iX robotic hair restoration system of restoration
robotics Inc. uses robotic and AI technology for precise and efficient harvesting with
simultaneous implantation and recipient site-making. This utilization of advanced technology
will help them gain a good growth rate in the market during the forecast period.
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global hair restoration treatment market by
region, by treatment type, by end user, by therapy, by market players
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe,
Asia Pacific, Latin America, and rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological
advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core
competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and customised
solutions for our clients. Through in-depth market insights and consultancy, we present our
clients with the tools they need to be at the forefront of their industry – a position secured for
far more than the near future.
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The global hair restoration treatment market is prognosticated to value over US$ 21 billion by the end of 2026 and grow at a CAGR of over 20% during the forecast period of 2019-2026. Stress and hectic lifestyle are causing concerns like hair loss and balding. Also, other reasons for causing hair loss are consumption of alcohol, unhealthy food habits which are a direct or indirect consequence of a stressful lifestyle.