Global Hair Restoration Services Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Hair Restoration Services Market” is a recently produced report by MarketResearch.biz. Revenue details, in-depth insights, and many other vital information related to the market, along with various trends, drivers, restraints, opportunities, and threats are included. Profiles of the key players operating in the market, along with revenue and financials, strategies, acquisitions & mergers, key developments, and market footprint is also included. The global hair restoration services market report has been segmented on the basis of service type, gender, service provider, and region.
Hair restoration is known as a surgical process, which is used to treat baldness, also known as hair loss and alopecia, among men and women. During the process of hair restoration, hair is removed from back or sides of scalp, where hair is permanent. Later those removed hairs are restored in areas such as top, front, or crown of the scalp, where hair is lost or thinning. Hair usually grows normally, once the transplantation is over. Hair restoration is done both in men and women, who suffer from bald spots on head, thinning, and severe hair loss. Baldness and hair loss in men are very common due to hormone DHT and genetic factors. Hair falling out is stopped after hair restoration is performed successfully. Two types of hair restoration methods are Follicular Unit Transplantation (FUT) and Follicular Unit Extraction(FUE). The best one among the two depends upon the requirement of a particular consumer or on the recommendation of physician. Hair restoration works better with men with male pattern baldness and women with thinning hair. Restoration of hair increases self-confidence and improves appearance. Apart from this, hair restoration has many other advantages such as helps to restore your balding, receding and thinning hair, ensures a natural-looking hairline, low risk of complications, less downtime to heal the wounds, minimal post-operative discomfort, and invisible linear scars or stitches. Hair restoration is usually very much successful than counter hair restoration products.
One of the major factors driving growth of the global hair restoration services market is an increasing number of men and women suffering from baldness or hair loss. According to the research done by National Alopecia Aerate Foundation, around 6.8 million people in the US and 147 million globally experience alopecia aerates at some point. In addition, hair loss and baldness are predominant among men than in women due to various causes such as age and genetic factors, which drives growth of the hair restoration services in the global hair restoration services market. Other factors driving growth of the hair restoration services in the global hair restoration services market are growing awareness about facial appearance, social influence, and celebrity influence. Moreover, increasing requirement of maintaining good hair condition is a major concern among individuals. This concern among consumers is expected to further increase demand for hair restoration services in the global hair restoration services market during the forecast period. In addition, a growing trend of hair restoration among men and women is another attribute driving the market. According to the survey conducted by the International Society of Hair Restoration Surgery in the year 2017, around 133,136 individuals had undergone hair restoration process in the United States. Increasing prevalence of various dermatological disorders is also expected to fuel the hair restoration services growth in the global hair restoration services market. However, availability for various alternative options and high cost is projected to hamper growth of the market globally.
Global Hair Restoration Services Market Segment Analysis:
By Service Type: Among the Service type segments, the follicular unit extraction segment is projected to account for highest revenue share in the global market and is expected to maintain its dominance over the forecast period. This growth can be attributed to this advanced minimally invasive hair transplant method, which allows collecting consumers’ follicles from back of the head with no scars left.
By Gender: The male segment has been gaining traction among gender segments owing to number of people with badness or hair loss among men is very high than women with baldness or hair loss globally.
Global Hair Restoration Services Market Regional Analysis:
The market in North America is projected to register a high revenue compounded annual growth rate over the forecast period. This can be attributed to increasing awareness of people in the region about facial condition and its impact on day-to-day life. In addition, the target population in the region is increasing.
Global Hair Restoration Services Market Segmentation:
By Service Type:
- Follicular Unit Extraction
- Follicular Unit Transplantation
- Laser Treatment
- Follicular Unit Strip Surgery
By Service Provider:
- Surgery Center
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Lexington International, LLC.
- Allergan plc
- Restoration Robotics, Inc.
- Venus Concept
- Bernstein Medical
- Bosley Inc.
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