The global Hair Restoration Market size is anticipated to reach USD 13.6 billion by 2028, according to the new report of Grand View Research, Inc. The market is expected to expand at a CAGR of 15.4% from 2021 to 2028. Hair restoration technique which includes surgical as well as a non-invasive treatment option is an effective procedure to increase hair thickness, fill in a receding hairline, and treat baldness as well as severe alopecia.
According to the American Academy of Dermatology,
androgenic alopecia is the most common cause of hair loss in both men and
women. According to the American Hair Loss Association, 95 % of hair loss in
men is caused by androgenetic alopecia and around 40% of men notice symptoms of
baldness by the age of 40.
The market is currently witnessing a surge in
treatment adoption due to high psychological stress, poor dietary habits, reduced
nutritional levels with age progression, and increasing hormonal changes due to
lifestyle shifts among the global population. This surge can also be due to the
increased success rate of the transplantation procedures and technological
advancement in the field of less invasive hair repair.
In the light of COVID-19, the market was hampered as
the footfall of patient appointments for surgical Follicular Unit Extraction
(FUE) or Follicular Unit Transplantation (FUT) treatments was temporarily
suspended. However since the government in many countries has allowed resuming
elective surgical procedures, clinics have also started hair transplant
procedures again and international organizations like the International Society
of Hair Restoration Surgery (ISHRS) has set strict protocols for resuming hair
restoration practices as well as offer patient guidance in finding hair repair
clinics deemed.
Related Press Release@ Hair Restoration Market Report
Hair Restoration Market Report
Highlights
- By procedure, the FUE segment held the largest market share in 2020
as it is a minimally invasive surgery with negligible pain, and has faster
post-operative healing
- Based on the therapy, the platelet-rich plasma segment accounted
for the largest revenue share in 2020 as these plasmas are rich in
multiple growth factors and proteins that collectively stimulate, repair,
and aid in wound healing and help in possible hair growth
- Asia Pacific dominated the market in 2020 owing to technological
advancements and an increase in patients opting for procedures to improve
aesthetic appearances
- In MEA, the market is bound to grow significantly during the
forecast period. This is expected to be majorly contributed by the large
population and rapid urbanization coupled with increasing awareness
regarding the aesthetic procedure in this region
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