The global hair restoration market size is expected to reach USD 12.59 billion by 2028 according to a new study by Polaris Market Research. The report “Hair Restoration Market Share, Size, Trends, Industry Analysis Report, By Procedure (Follicular Unit Extraction, Follicular Unit Transplantation); By Therapy (Low-Level Laser Therapy, Stem Cell hair restoration, Platelet-Rich Plasma); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is gradually evolving with the increase in the success rate of available procedures such as follicular unit extraction and follicular unit transplantation, which already have proven themselves as an effective treatment option. Most of the hair experts now have started using combinatorial therapies to enable the aesthetic effect. The most prominent reason for hair restoration is its minimally invasive procedures, previously it through painful procedures.
Moreover, according to the estimates of the International Society of Hair Restoration Surgery, in 2019, more than 735,312 hair restoration procedures were performed and around 681,964 individuals opted for the same. It included 84 and 15% male and female, respectively. The number of males who opted for hair transplants has been increased and many of them have some form of a genetic trigger to a by-product of testosterone also known as Dihydro-testosterone (DHT).
However, Asia Pacific is projected to witness a lucrative growth rate over the study period. This is primarily due to increasing awareness regarding aesthetic procedures, advancements in hair restoration procedures, and a surge in cosmetic surgeries, coupled with booming disposable income among the middle-class population.
As per an article published in Global Times, there is over 250 million Chinese population seeking hair restoration treatment, within an age group of 20 to 40 years. Hence, the rising incidence of alopecia is expected to foster the region’s growth. Market participants such Venus concept, Lexington Intl., LLC, Bosley, The Harley Street Clinic, Bernstein Medical, Advanced hair studio, Milla Marie, and Cole Hair Transplant Group.
Polaris Market Research has segmented the hair restoration market report on the basis of procedure, therapy, and region:
Hair Restoration, Procedure Outlook (Revenue – USD Million, 2016 – 2028)
- Follicular unit extraction
- Follicular unit transplantation
Hair Restoration, Therapy Outlook (Revenue – USD Million, 2016 – 2028)
- Low-Level Laser Therapy (LLLT)
- Stem Cell hair restoration
- Platelet-Rich Plasma
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