Hair Restoration Market to Grow with an Impressive CAGR During the Forecast Period
Technological advancements to drive the growth of Global Hair Restoration Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Hair Restoration Market By Recipient Area (Scalp vs. Non-Scalp), By Treatment (Follicular Unit Extraction (FUE), Follicular Unit Transplant (FUT)), By Therapy (Stem Cell Therapy, Laser Therapy, Others), By Gender (Male vs. Female), By End User (Hospitals, Clinics, Surgical Centers, Others), By Region, Competition Forecast & Opportunities, 2026”, the global hair restoration market is projected to grow at an impressive CAGR during the forecast period, 2022-2026. The attributes responsible for the growth of the market are rising incidences of hair diseases like infections, including hypothyroidism, hyperthyroidism, stress issue, lupus, and malignancy. The advanced methods and technology along with the advancing devices that aid the treatments are anticipated to drive the market growth in the future five years. Moreover, hectic schedules, changing lifestyle choices, rapidly evolving way of life and rapid increase in the personal concerns of the consumers towards their physical appearance, are supporting the growth of the global hair restoration market and expected to do in the forecast period also.
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The global hair restoration market is segmented on the basis of recipient area, treatment, therapy, gender, end user, competitive landscape, and regional distribution. Based on treatment, the market is further bifurcated into follicular unit extraction (FUE), and follicular unit transplant (FUT). Follicular unit extraction (FUE) is anticipated to hold the largest share of the market in the upcoming five years. This can be attributed to the surge in the demand for restoration processes along with the increasing number of patients demanding the efficient and less painful procedures. Follicle unit extraction is a type of hair transplant that works on simple process of replacement. The hair follicles are taken from another part of the body and are replaced to the site of treatment. This process is also termed as grafting. The method involves several miniature incisions or puncture wounds created throughout the donor area. This method is less invasive, virtually undetectable scarring, and has faster recovery rate along with the patient satisfaction and comfort over follicular unit transplant (FUT) hence is anticipated to hold the majority of the revenue shares of the market segment in next five years.
Based on therapy, the market is divided into stem cell therapy, laser therapy, and others. Laser therapy is anticipated to hold the largest market share in the upcoming five years owing to the efficiency of the method. Moreover, stem cell therapy is also anticipated to hold the significant shares of the market since the method provides the technologically advanced medicine facility for the consumers. The stem cell therapy is the method where stem cells are utilized to treat a particular type of the disease. The cells are either derived from the bone marrow transplantation or from the umbilical cord blood. Instead of removing a large number of hairs to transplant to the area of hair loss, a stem cell hair transplant removes a small skin sample from which hair follicles are harvested. The follicles are then replicated artificially and implanted back into the scalp suffering from hair loss.
Holding the majority of the shares of the global market are some of the market players, which include, Allergan PLC, Bernstein Medical PC, Bosley Inc., Venus Concept Inc., Elite Hair Restoration Ltd., IllumiFlow Inc., Lexington Intl. LLC, Theradome, Inc., Lumenis Inc., Solta Medical International Inc., among others. These market players are investing in the research and development of technologically advanced and efficient methods of hair restoration and thus supporting the growth of the market in the forecast years. Other strategic recommendation involves partnerships and acquisitions.
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“Asia Pacific is expected to be the most promising region, looking at the revenue shares of last year 2020. Moreover, technological advancements and the surge in the demand for hair restoration and various other hair treatment has rapidly multiplied therefore acting as the major drivers of market growth. Countries like China and South Korea are highly influenced of the of the cosmetic procedures along with the general awareness of the procedures for the hair treatment. Also, the population losing hair is rapidly increasing in the region thereby supporting the market growth. Market players are also involved in the South-Asian market specifically thus new players may find a bit difficulty although the issue may be dealt with the technologically advanced treatment methods,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Hair Restoration Market By Recipient Area (Scalp vs. Non-Scalp), By Treatment (Follicular Unit Extraction (FUE), Follicular Unit Transplant (FUT)), By Therapy (Stem Cell Therapy, Laser Therapy, Others), By Gender (Male vs. Female), By End User (Hospitals, Clinics, Surgical Centers, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global hair restoration market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global hair restoration market.
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