Hair Restoration Services Market (Surgical Method - Laser Therapy, Follicular Unit Extraction (FUE), Follicular Unit Transplant (FUT), Stem Cell Therapy, and Others; End User - Dermatologist Clinic, Hospitals, Surgery Centres, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

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.

Market Insight

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 out. 

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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.