A recent report published by
Infinium Global Research on hair restoration services market provides in-depth
analysis of segments and sub-segments in the global as well as regional hair
restoration services market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional hair restoration
services market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global hair
restoration services market. According to the report, the global hair restoration
services market is projected to grow at a CAGR of 5.13% over the forecast
period of 2019-2025.
Hair restoration is a surgical process that is used to treat hair loss also known as alopecia and baldness.
In this process, the hair is moved from the side or back of the scalp where the
hair is permanent. Later it is shifted to the areas such as front, top, or
crown of the scalp where the hair is thinning or bald. Once it is transplanted
the hair is likely to grow normally. This process is performed on both men as
well as women who suffer from severe hair loss, bald spots, and thinning hair. This
treatment can be used at the stage where hair starts thinning or an area where the hair is totally lost. Hair restoration treatment further stops hair falling
The upsurge in the number of people suffering from
alopecia is one of the significant reasons driving the demand for the hair
restoration services market. According to the National Alopecia Areata Foundation,
nearly 6.8 million people in the United States and 147 million worldwide have
alopecia areata at some point. Further, baldness and hair loss are predominant
in men owing to genetic factors and age which results in increasing hair
restoration. Rise in self-consciousness regarding the facial appearance and
increasing celebrity and social influence to grow thicker hair are some of the
factors propelling growth for the hair restoration services market. In addition to
this, increasing the need to maintain hair condition is becoming a main concern
among individuals. This boosts the need for hair restoration, hence resulting in
increasing adoption of hair restoration services. Moreover, growing popularity
for hair restoration among individuals is also motivating the demand for hair
restoration services market. As per the survey conducted by the International
Society of Hair Restoration Surgery in 2017, approximately 133,136 individuals
had completed the hair restoration process in the U.S. Besides, the increasing
occurrence of various dermatological disorders is likely to generate growth
opportunity for hair restoration services market. On the other side, high cost
and availability for alternative options for hair restoration are anticipated
to hamper the growth of the market.
As per the geographies, North
America dominated the growth for the hair restoration services market followed by
Europe and the Asia Pacific region. In the North America region owing to growing
awareness about appearances, high income, increasing media and celebrity
influences availability of the latest technology are some of the major factors
driving the demand for the hair restoration services market in this region.
Further, in Europe region availability of the latest technology is boosting the
growth of this market. In Asia Pacific region factors such as the increasing
number of aged populations, and the growing number of individuals suffering from
hair loss are motiving the demand for the hair restoration services market.
The report on the global hair
restoration services market covers segments such as surgical method, and end
user. On the basis of the surgical method, the sub-markets include laser therapy,
follicular unit extraction (FUE), follicular unit transplant (FUT), stem cell
therapy, and others. On the basis of end user, the sub-markets include
dermatologist clinic, hospitals, surgery centres, and others.
The report provides profiles of
the companies in the market such as Lexington International, LLC., Allergan plc,
illumiflow, Restoration Robotics, Inc., Theradome, Venus Concept, NovaGenix, MEDICAMAT,
Bernstein Medical, and Bosley Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and restraining
the growth in this market. Moreover, The IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of the hair
restoration services market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.