Global Hair Restoration Market

Global Hair Restoration Market Size, Trends, and Analysis- Forecasts To 2026 By Procedure (Follicular Unit Transplantation, Follicular Unit Extraction), By Therapy (Stem Cell Hair Restoration, Low-level Laser Therapy, Platelet-rich Plasma), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Category Healthcare
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This report was recently updated on May 10 2022 with the latest and most recent market numbers

Hair Restoration Market: Insights

A surgical technique called hair restoration is used to cure baldness or hair loss (alopecia). It's a hair transplant treatment for males and females who have severe bald spots, hair loss, or thinning hair. It may also be used to regenerate eyebrows, chest hair, beard hair, eyelashes, and pubic hair. Hair loss and baldness are common in men, owing to hereditary factors and age.

The main driver of the demand is the growing prevalence of androgenetic alopecia. Changes in lifestyle, such as excessive tobacco and alcohol consumption, and rising stress levels, are thought to be powerful causes for the disease. While the precise cause of the disorder is unclear, genetic causes have been attributed to a number of cases. Other trends, such as rising disposable income and a focus on aesthetics are also expected to push the sector.

As the overall performance of procedures including Follicular Unit Transplantation (FUT) and Follicular Unit Extraction (FUE) has improved and proved to be viable alternatives for hair restoration, the market is gaining popularity. Furthermore, with significant aesthetic results, many hair professionals now combine these two treatments. The fact that hair restoration procedures have been less invasive in recent times is one of the main reasons for their popularity.

Alopecia has been linked to aging and hormonal imbalances as possible causes. Hair loss may be caused by thyroid imbalances or a decrease in estragon levels in menopausal women. Androgen hormones such as Dehydroepiandrosterone (DHEA) and testosterone are important hormones whose imbalances can affect hair growth.

Besides that, disease susceptibility is influenced by gender. As per the American Hair Loss Association, androgenetic alopecia is responsible for over 95 percent of hair loss in males. A gradual rise in customer awareness of alopecia therapeutic alternatives is also expected to have a favorable effect on the market in the coming years. The number of men seeking hair transplants has risen, as many of them have a hereditary susceptibility to Dihydrotestosterone, a testosterone byproduct (DHT).

Furthermore, the implementation of robotic surgical hair transplant technologies, such as ARTAS, would support the hair transplant services market by resulting in a safe and successful hair transplant process. The rising use of NeoGraft hair transplant systems, which are performed using the follicular unit extraction process and are suitable for both males and females, is expected to fuel this market during the forecast period.

Furthermore, rising social stigma and constant self-consciousness over facial attractiveness, as well as social pressure to develop thicker hair, are some of the main factors driving the acceptance of hair restoration services. Furthermore, the increased need to improve hair condition has been one of the primary priorities among beauty-conscious customers, fueling the demand for hair restoration services and propelling the global hair restoration services market forward.

global hair restoration market

Hair Restoration Market: By Procedure

During the forecast period, the FUE segment had the largest market share. FUE, also known as grafting, is a form of hair transplant that involves removing individual hair follicles from the skin and transplanting them to a certain area of the body where the hair is thin or missing. Several small, circular incisions or punctures are spread across the donor region as part of the extraction process. FUE transplantation has grown in popularity because it is less invasive than Follicular Unit Transplantation (FUT), has almost untraceable scarring, is easier to heal, and is more comfortable for the patient.

Hair Restoration Market: By Therapy

During the forecast period, the Platelet-rich Plasma (PRP) category had the highest revenue. Plasma-rich proteins are said to enhance a weak donor, lower graft transaction rate, improve implanted graft yield rate, and promote wound healing in both the donor and receiver areas. However, over the forthcoming years, the Low-level Laser Therapy (LLLT) segment and the stem cell hair restoration segment are predicted to develop at a substantial rate. Photons are irradiated into the scalp membranes by the LLLT process and are then consumed by poor cells to promote hair formation. This treatment is also generally accepted because it is less invasive, secure, and bearable than hair transplant surgery. Commercial LLLT devices are now available and have usage at home at a reasonable cost. There are currently 29 FDA-approved LLLT devices for the treatment of pattern hair loss on the market. When transformed into the scalp, stem cell therapy has also shown to activate hair cells and aid in the growth of new follicles, and hence new hair. However, research into the use of stem cell therapy for hair regeneration is only in its early stages, with no evidence of efficacy.

asia pacific hair restoration market

Hair Restoration Market: By Region

During the forecast period, North America led the market, accounting for the largest profit share. This rise is due to technical advancements and a spike in the proportion of people opting for hair restoration treatments. The region has a good level of expertise about aesthetic treatments, and the number of people opting for cosmetic procedures has also increased. Hair loss is becoming more common in the US population, which is anticipated to drive the demand in the region. The increasing acceptance of ground-breaking hair restoration treatments, as well as evolving lifestyles such as drinking and smoking habits, are driving the demand in Japan. Furthermore, the growing number of private and public clinics in the nation that provides a variety of affordable hair loss remedies has resulted in a steady increase in the use of hair fall restoration surgeries.

The Asia Pacific region, which has the highest growth rate in the forecast period, is expected to rise enormously. This is mostly attributed to the region's growing urbanization. Because of the large population in this region, many people are interested in improving their appearance. Furthermore, the high incidence of disorders such as alopecia, which is exacerbated by rapid lifestyle changes and urbanization, is driving people to seek out hair restoration treatments, boosting the sector's market penetration.

Hair Restoration Market: By Share & Competitor Analysis

Some of the leading players in the hair restoration market are Lexington Intl., Venus Concept, Cole Hair Transplant Group, Bosley, dvanced Hair Studio, Bernstein Medical, Milla Marie, LLC, and The Harley Street Clinic.

Please note: This is not an exhaustive list of companies profiled in the report.

In February 2018, Venus Concept Ltd., a multinational aesthetic technology company that is innovative and privately owned, announced the purchase of NeoGraft Solutions' hair restoration company (NeoGraft). The purchase was made in order to increase the company's client base.

Chapter 1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Hair Restoration Industry Overview, 2016-2026

2.1.1    Industry Overview

2.1.2    Procedure Overview

2.1.3    Therapy Overview

2.1.4    Regional Overview

Chapter 3   Hair Restoration Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2016-2026

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    Technology Advancement in Hair Restoration Therapies

3.3.1.2    The Rising Prevalence of Alopecia

3.3.2    Industry Challenges

3.3.2.1    High Cost Associated With Laboratory Testing and Lack of Awareness

3.4    Prospective Growth Scenario

3.4.1    Procedure Growth Scenario

3.4.2    Therapy Growth Scenario

3.5    COVID-19 Influence over Industry Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    Technology Overview

3.11    Market Share Analysis, 2020

3.11.1    Company Positioning Overview, 2020

Chapter 4   Hair Restoration Market, By Procedure

4.1    Procedure Outlook

4.2    Follicular Unit Transplantation

4.2.1    Market Size, By Region, 2016-2026 (USD Million)

4.3    Follicular Unit Extraction

4.3.1    Market Size, By Region, 2016-2026 (USD Million)

Chapter 5   Hair Restoration Market, By Therapy

5.1    Therapy Outlook

5.2    Stem Cell Hair Restoration

5.2.1    Market Size, By Region, 2016-2026 (USD Million)

5.3    Low-level Laser Therapy

5.3.1    Market Size, By Region, 2016-2026 (USD Million)

5.3    Platelet-rich Plasma

5.3.1    Market Size, By Region, 2016-2026 (USD Million)

Chapter 6   Hair Restoration Market, By Region

6.1    Regional outlook

6.2    North America

6.2.1    Market Size, By Country 2016-2026 (USD Million)

6.2.2    Market Size, By Procedure, 2016-2026 (USD Million)

6.2.3    Market Size, By Therapy, 2016-2026 (USD Million)

6.2.4    U.S.

6.2.4.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.2.4.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.2.5    Canada

6.2.5.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.2.5.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.3    Europe

6.3.1    Market Size, By Country 2016-2026 (USD Million)

6.3.2    Market Size, By Procedure, 2016-2026 (USD Million)

6.3.3    Market Size, By Therapy, 2016-2026 (USD Million)

6.3.4    Germany

6.3.4.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.3.4.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.3.5    UK

6.3.5.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.3.5.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.3.6    France

6.3.6.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.3.6.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.3.7    Italy

6.3.7.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.3.7.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.3.8    Spain

6.3.8.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.3.8.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.3.9    Russia

6.3.9.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.3.9.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.4    Asia Pacific

6.4.1    Market Size, By Country 2016-2026 (USD Million)

6.4.2    Market Size, By Procedure, 2016-2026 (USD Million)

6.4.3    Market Size, By Therapy, 2016-2026 (USD Million)

6.4.4    China

6.4.4.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.4.4.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.4.5    India

6.4.5.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.4.5.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.4.6    Japan

6.4.6.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.4.6.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.4.7    Australia

6.4.7.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.4.7.2    Market size, By Therapy, 2016-2026 (USD Million)

6.4.8    South Korea

6.4.8.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.4.8.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.5    Latin America

6.5.1    Market Size, By Country 2016-2026 (USD Million)

6.5.2    Market Size, By Procedure, 2016-2026 (USD Million)

6.5.3    Market Size, By Therapy, 2016-2026 (USD Million)

6.5.4    Brazil

6.5.4.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.5.4.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.5.5    Mexico

6.5.5.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.5.5.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.5.6    Argentina

6.5.6.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.5.6.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.6    MEA

6.6.1    Market Size, By Country 2016-2026 (USD Million)

6.6.2    Market Size, By Procedure, 2016-2026 (USD Million)

6.6.3    Market Size, By Therapy, 2016-2026 (USD Million)

6.6.4    Saudi Arabia

6.6.4.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.6.4.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.6.5    UAE

6.6.5.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.6.5.2    Market Size, By Therapy, 2016-2026 (USD Million)

6.6.6    South Africa

6.6.6.1    Market Size, By Procedure, 2016-2026 (USD Million)

6.6.6.2    Market Size, By Therapy, 2016-2026 (USD Million)

Chapter 7   Company Landscape

7.1    Competitive Analysis, 2020

7.2    Lexington Intl.

7.2.1    Company Overview

7.2.2    Financial Analysis

7.2.3    Strategic Positioning

7.2.4    Info Graphic Analysis

7.3    Venus concept

7.3.1    Company Overview

7.3.2    Financial Analysis

7.3.3    Strategic Positioning

7.3.4    Info Graphic Analysis

7.4    Cole Hair Transplant Group

7.4.1    Company Overview

7.4.2    Financial Analysis

7.4.3    Strategic Positioning

7.4.4    Info Graphic Analysis

7.5    Bosley

7.5.1    Company Overview

7.5.2    Financial Analysis

7.5.3    Strategic Positioning

7.5.4    Info Graphic Analysis

7.6    Advanced hair studio

7.6.1    Company Overview

7.6.2    Financial Analysis

7.6.3    Strategic Positioning

7.6.4    Info Graphic Analysis

7.7    Bernstein Medical

7.7.1    Company Overview

7.7.2    Financial Analysis

7.7.3    Strategic Positioning

7.7.4    Info Graphic Analysis

7.8    Milla Marie

7.8.1    Company Overview

7.8.2    Financial Analysis

7.8.3    Strategic Positioning

7.8.4    Info Graphic Analysis

7.9    The Harley Street Clinic

7.9.1    Company Overview

7.9.2    Financial Analysis

7.9.3    Strategic Positioning

7.9.4    Info Graphic Analysis

7.10    Other Companies

7.10.1    Company Overview

7.10.2    Financial Analysis

7.10.3    Strategic Positioning

7.10.4    Info Graphic Analysis

The Global Hair Restoration Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Hair Restoration Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global hair restoration market size is projected to grow at a CAGR value of 6.5% between 2021 and 2026.
Key and innovative vendors in the hair restoration market include Lexington Intl., Venus Concept, Cole Hair Transplant Group, Bosley, Advanced Hair Studio, Bernstein Medical, Milla Marie, LLC, and The Harley Street Clinic, among others.
The North American region is estimated to hold the largest share of the hair restoration market.
The COVID-19 pandemic has caused supply chain disruptions and fluctuation in raw material prices but the growing demand for hair restoration owing to the growing number of people becoming more conscious of their looks as they turn to video conferencing solutions.
The growing number of people suffering from androgenic alopecia, rising disposable income levels, growing acceptance of hair restoration, and growing advancements in hair restoration are expected to be the major drivers of the hair restoration market.

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