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Hair Restoration Market Size is Projected To Reach $12.59 Billion By 2028 | CAGR: 15.4%: Polaris Market Research

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Hair Restoration Market Size is Projected To Reach $12.59 Billion By 2028 | CAGR: 15.4%: Polaris Market Research

September 28
10:08 2021
Hair Restoration Market Size is Projected To Reach $12.59 Billion By 2028 | CAGR: 15.4%: Polaris Market Research
Polaris Market Research
The new published report by Polaris Market Research The global hair restoration market was valued at USD 4.33 billion in 2020 and size is expected to reach USD 12.59 billion by 2028 to grow at a CAGR of 15.4% during the forecast period

The global hair restoration market size is expected to reach USD 12.59 billion by 2028 according to a new study by Polaris Market Research. The report “Hair Restoration Market Share, Size, Trends, Industry Analysis Report, By Procedure (Follicular Unit Extraction, Follicular Unit Transplantation); By Therapy (Low-Level Laser Therapy, Stem Cell hair restoration, Platelet-Rich Plasma); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is gradually evolving with the increase in the success rate of available procedures such as follicular unit extraction and follicular unit transplantation, which already have proven themselves as an effective treatment option. Most of the hair experts now have started using combinatorial therapies to enable the aesthetic effect. The most prominent reason for hair restoration is its minimally invasive procedures, previously it through painful procedures.

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Moreover, according to the estimates of the International Society of Hair Restoration Surgery, in 2019, more than 735,312 hair restoration procedures were performed and around 681,964 individuals opted for the same. It included 84 and 15% male and female, respectively. The number of males who opted for hair transplants has been increased and many of them have some form of a genetic trigger to a by-product of testosterone also known as Dihydro-testosterone (DHT).

However, Asia Pacific is projected to witness a lucrative growth rate over the study period. This is primarily due to increasing awareness regarding aesthetic procedures, advancements in hair restoration procedures, and a surge in cosmetic surgeries, coupled with booming disposable income among the middle-class population.

As per an article published in Global Times, there is over 250 million Chinese population seeking hair restoration treatment, within an age group of 20 to 40 years. Hence, the rising incidence of alopecia is expected to foster the region’s growth. Market participants such Venus concept, Lexington Intl., LLC, Bosley, The Harley Street Clinic, Bernstein Medical, Advanced hair studio, Milla Marie, and Cole Hair Transplant Group.

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Polaris Market Research has segmented the hair restoration market report on the basis of procedure, therapy, and region:

Hair Restoration, Procedure Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Follicular unit extraction
  • Follicular unit transplantation

 

Hair Restoration, Therapy Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Low-Level Laser Therapy (LLLT)
  • Stem Cell hair restoration
  • Platelet-Rich Plasma

 

Hair Restoration, by Regional Outlook (Revenue – USD Million, 2016 – 2028)

 

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

 

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About Polaris Market Research 

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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