Hair Transplant Market to Exhibit 28.1% CAGR by 2026; Increasing Number of Surgeries Worldwide to Augment Growth: Fortune Business Insights™

Pune, April 22, 2020 (GLOBE NEWSWIRE) — The global hair transplant market is likely to gain impetus from the ever-increasing number of surgeries performed in males for treating androgenic alopecia. The International Society of Hair Restoration Surgery (ISHRS) mentioned that hair restoration procedures surged by approximately 60% worldwide since 2014 because of the rising cases of alopecia. Fortune Business Insights™ published this information in a recent report, titled, “Hair Transplant Market Size, Share & Industry Analysis, By Type (Surgical and Non-surgical), By Gender (Male and Female) By End User (Hospitals & Clinics and Hair Transplant Centers), and Regional Forecast, 2019-2026.” The report further mentions that the hair transplant market size was USD 5.94 billion in 2018 and is projected to reach USD 43.13 billion by 2026, exhibiting a CAGR of 28.1% during the forecast period.What are the hair restoration market trends?How many growth drivers, obstacles, challenges, and opportunities would the market come across in the near future?Which region is expected to dominate in terms of revenue?Which segment is set to lead in terms of market share?What are the new strategies adopted by key players to increase consumer base?An Overview of the Impact of COVID-19 on this Market:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please visit: https://www.fortunebusinessinsights.com/hair-transplant-market-102638
Rising Disposable Income of People to Spur DemandIn today’s technology-driven world, the ongoing technological advancements in hair transplantation techniques are affecting the market positively. Almost all men and women suffering from alopecia can be treated efficiently with the newly developed techniques. This revolution is attracting a large consumer base for reputed clinics. At present, the developing countries are showcasing high disposable income. It is further resulting in the increasing expenditure of the masses on aesthetic procedures. The American Society of Aesthetic Plastic Surgery, for instance, declared that Americans had spent around USD 15 billion on surgical and non-surgical procedures in 2016. However, transplantation procedures require hefty amount of money. It may hamper the hair restoration market growth in the near future.Segment-Ability to Deliver Instant Result Will Augment the Non-surgical SegmentIn terms of type, the market is grouped into surgical and non-surgical. Amongst these, the non-surgical segment had procured the maximum hair transplant market share in 2018. This growth is attributable to their possession of numerous benefits as compared to the surgical procedures. The former gives out instant results and have lesser side-effects. The ISHRS stated that in 2017, approximately 1,241,764 non-surgical procedures took place worldwide. Overall, the rising sales of devices and medicines to combat hair loss would accelerate the growth of this segment.Regional Analysis-Rising Number of Hair Transplant Facilities to Favor Growth in Asia PacificBased on region, the market is segregated into Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America. Out of these, Asia Pacific stood in the leading position in 2018 by generating the maximum hair transplant market revenue. The increasing number of surgeries occurring in this region is a major reason for growth. Additionally, rising investment by key companies in the development of advanced techniques, as well as the presence of a large number of hair transplant facilities are anticipated to favor growth in this region. The Middle East and Africa, on the other hand, would remain in the second position on account of the availability of cost-effective procedures in this region. Lastly, Europe and North America would exhibit lower growth owing to the decreasing incidence of hair loss amongst the masses.Key Players Focus on New Product Development to Gain Competitive EdgeThe market consists of several companies ranging from well-established leaders to local start-ups. They are mainly adopting the strategy of novel product development for gaining positive outcomes and effective transplant procedures. Below are a couple of the latest key industry developments:June 2019: In Columbia University, researchers have unveiled a cutting-edge therapy for growing human hair follicles using 3D printed molds. It is set to create new opportunities in the field of hair restoration.December 2018: HairClone, a startup biotechnology company based in the U.K., teamed up with experts to develop a brand new cell replacement therapy for those who have recently started to exhibit signs of hair thinning.Bosley – Hair Restoration & TransplantVenus ConceptFollicaBernstein MedicalDr Batra’sOther key market playersIntroductionMarket ScopeMarket SegmentationMarket MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsOverview: Trends in Hair Transplant MarketSnapshot of Hair Transplant Surgeries Performed – By Key CountriesNew Product LaunchKey Industry Developments – Mergers, Acquisitions, and PartnershipsGlobal Hair Transplant Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By Type Surgical Non-surgicalMarket Analysis, Insights and Forecast – By Gender Male FemaleMarket Analysis, Insights and Forecast – By End User Hospitals & Clinics Hair Transplant CentersMarket Analysis, Insights and Forecast – By Geography North America Europe Asia Pacific Latin America Middle East & AfricaTOC Continued….!!!
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