In the last few decades, the medical sector has advanced terrifically. This development has helped many new markets to attain their fair share of recognition. One of the shining examples of this fact is the global market for hair transplant. According to the research report by MRFR (Market Research Future), this market will develop at Godspeed during the forecast period of 2017-2023.
Hair transplant has emerged as a boon for those struggling with hair loss issues. It is a surgical methodology in which hair follicles from a peculiar part of the body are transferred to the bald area. This procedure can be successfully utilized to treat hair loss issues in both men and women.
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The current generation does not shy away from choosing medical aid for maintaining their youthful features. Due to this fact, it can be assumed that the global market for hair transplant will witness tremendous growth during the projection period. In terms of revenue, the market is expected to make around USD 23,881 by the end of the forecast period. The CAGR too looks promising at 24%.
In recent times, many people suffering from hair loss resort to this surgery and gain their confidence back. The success rate of this procedure is quite high. This fact contributes as a prime growth factor for this market.
The individuals of the modern era are highly concerned about how they look and furthermore the celebrity and media influence is immense. This is another aspect that further propels the growth of the market.
Additional factors that happen to positively impact the market apart from the above mentioned ones are higher self and social awareness amongst the masses, higher annual income, increased usage of high dosage drugs and rising demand from upcoming economies.
Market Segmentation
The Market Research Future report provides an all-inclusive segmental
analysis of the hair
transplant market based on end user, surgery type, and surgery method.
By the surgical method, the hair transplant market is segmented into
follicular unit extraction (FUE), follicular unit transplantation (FUT), and
others. The FUE segment is again segmented into automated FUE hair
transplantation, robotic hair transplantation, and follicular isolation
technique. Of these, the FUT segment will have the maximum share in the market
during the forecast period.
By surgery type, the hair transplant market is segmented into reconstruction
or frontal hairline lowering, eyebrow transplant, head hair transplant, and
others. Of these, the head hair transplant segment will lead the market during
the forecast period.
By the end user, the hair transplant market is segmented into dermatologic clinics, hospitals, trichology clinics, and others.
Regional Insights
The regional analysis of the hair transplant market provides information on the geographic progress of the market. Based on the region, the hair transplant market has been studied across the Americas, Europe, Asia Pacific, and the Middle East Asia and Africa.
The Americas is anticipated to lead in the global hair transplant market. Advancements in the hair transplant technologies and its high acceptance among people are anticipated to bolster the regional hair transplant market growth in the coming years. MRFR forecasts, the hair transplant market in the Asia Pacific region is to register a 24.3% CAGR over the assessment period. The presence of influential key players operating in the market, in the Asia Pacific region, is likely to foster the hair transplant market. The European hair transplant market is expected to be the fastest growing market and reach a valuation that is worth USD 3,647.3 million by 2023. The lack of awareness about hair transplantation in the Middle East Asia and African region is accounted for the moderate growth rate of the regional market.
Key Players
Big players in the global hair transplant market are Bernstein Medical (USA), Bosley (USA), Cole Instruments Inc. (USA), Ethics hair Instruments (India), Medicamat (France), and Restoration Robotics Inc. (USA).
Latest Industry News
Brentwood-based Revive Hair and Skin Clinic has partnered with Watford FC Regional Partner Programme to reach thousands of football fans. The specialty of Revive Hair and Skin Clinic lies in hair transplants and skin treatments. 18 SEP 2019
1 History And Evolution Of Hair Transplant
1.1 Scenario Analysis 11
2 Report Prologue
3 Introduction
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
4.1 Market Size Estimation 20
4.1.1 Market Share Analysis 21
4.2 Market Pricing Approach 22
5 Market Dynamics
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
Browse Complete Report With Consider Covid19 Impact @ https://www.marketresearchfuture.com/reports/hair-transplant-market-3409
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