According to FutureWise analysis the market for hair transplant in 2023 is US$ 7.13 billion, and is expected to reach US$ 31.94 billion by 2031 at a CAGR of 20.62%.
In a surgical process called a hair transplant, hair is transplanted from a donor site to a recipient site that has bald spots or hair loss. Under local anesthesia, a strip of skin or a few hair follicles are normally removed from the donor region and subsequently transplanted into the recipient site during the surgery. Hair transplant procedures are primarily used to treat male pattern baldness, which is a congenital disorder that affects millions of men worldwide. The usual early signs of male pattern baldness include a receding hairline and thinning hair, which can eventually result in partial or total baldness. The disorder can significantly lower a person's self-esteem and confidence, leading to anxiety and depression.
The use of hair transplants as a treatment for baldness and hair loss is growing in popularity. With advancements in technology and techniques, the procedure has become less invasive, more precise, and with better outcomes. Moreover, the procedure is generally safe and associated with minimal discomfort and downtime. As a result, the market for hair transplants has been expanding quickly in recent years, fueled by the increased prevalence of hair loss and the rising desire for aesthetic operations.
FutureWise Market Research has published a report that provides an insightful analysis of Hair Transplant Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Hair Transplant Market will experience a significant growth.
According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.