The Worldwide Hair Transplant Services market is projected to reach $9.1 Million By 2025, Persistence Market Research reports. The market will grow at a CAGR of 6.7% during the forecast period.
The company's new report, "Global Market Study on Hair Transplant Services: Technological Advancements to Attract More Customers Towards Various Hair Transplant Procedures in the Coming Years," takes a look at three major types of procedures -- Follicular Unit Strip Surgery (FUSS), Follicular Unit Extraction (FUE) and Scalp Reduction.
Driving the Growth of Hair Loss Products
A few of the factors expected to contribute significantly to the growing demand of hair loss products are: the demand for hair transplant services is mainly driven by the increase in disposable income; an increase in the stress level among people which results in hair loss; and increasing incidences of various dermatologic disorders -- as well as the rise in the number of reported side effects, such as hair loss associated with chemotherapy in cancer patients.
With growing demand, manufacturers are focusing on expanding their hair treatment and scalp treatment product lines in order to cater to the increasing needs of consumers for efficient hair loss treatments.
Based on procedures, follicular unit strip surgery leads the market with a higher market share and growth rate. On the basis of end users, hospitals are expected to showcase maximum demand for hair transplant services. Hospitals segment is expected to reach a market value of over US$ 4,200 Mn by the end of 2025, growing at a value CAGR of 7.2% during the forecast period.
Among the regional segments, North America dominates the market with an estimated market value of over US$ 3,800 Mn by the end of 2025, growing at a CAGR 7.2% during the forecast period.