With 25% CAGR Hair Transplant Market to cross USD 24.8 billion by 2024
Sellbyville, DE -- (SBWIRE) -- 11/01/2018 -- Global Hair Transplant Market is set to exceed USD 24.8 billion by 2024; according to a new research study published by Global Market Insights, Inc
U.S. hair transplant market is estimated to grow at a CAGR of around 24.5% over the forecast period. According to The Hair Society, around 35 million males and 21 million females suffer from hair loss problem in the United States. Increase in number of people with hair loss along with recent technological advancement in the field of hair transplant procedure will enhance industry growth.
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Turkey dominated the Europe hair transplant market with a market value of USD 870.0 million in 2017. Increase in number of people from across the world travelling to Turkey for low-cost hair transplant treatment procedure will boost the country market growth. Around 5000 tourist patients fly from all over the globe to Turkey each month for hair transplant treatment. Also, rising awareness among the population regarding hair loss and physical appearances will further fuel Turkey hair transplant market growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1 Allergan Plc
2 Beiersdorf AG
4 L'Oreal SA
5 Lumenis Inc
7 PhotoMedex Inc.
8 Restoration Robotics Inc.
9 Solta Medical, Inc.
Follicular Unit Extraction (FUE) transplant method is anticipated to experience robust growth in foreseeable future, estimated to grow at a CAGR of 29.0% from 2018-2024. Recent technological advancements in neograft device, powered cole isolation device (PCID), powered surgically advanced follicular extraction (SAFE) system and robotic ARTAS system have resulted in minimizing post-surgery complications and increased patient acceptance, propelling the segment growth.
Multivitamins product market held significant share in total market value in year 2017, accounted for USD 163.1 million. Increase in consumption of multivitamins in order recuperate from the hair loss procedure and to control the hair fall will boost their demand. Moreover, unhealthy lifestyle and aging in developed economies will lead to vitamin deficiency and hair loss augmenting industry growth.
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Hair Transplant Market by Method
- Follicular Unit Extraction (FUE)
- Follicular Unit Transplantation (FUT)
Hair Transplant Market by Product
Hair Transplant Market by Therapy
- Platelet Rich Plasma (PRP)
- Stem Cell Therapy
- Laser Therapy