Hair Restoration Market Growth & Trends:
The global hair restoration market size is expected to reach USD 18.67 billion by 2030, expanding at a CAGR of 16.6%, according to a new report by Grand View Research, Inc. This growth is driven by various factors, including the increasing prevalence of hair loss disorders like androgenetic alopecia, which is prompting more individuals to seek hair restoration treatments. Lifestyle factors such as stress, poor nutrition, and environmental pollution are also contributing to hair loss, further fueling market growth. Moreover, the growing aging population worldwide is a major driver, as aging is often associated with hair thinning and loss, leading to a higher demand for hair restoration procedures.
Recent advancements in technology and treatment options are also driving market growth. For instance, the introduction of innovative techniques like follicular unit extraction (FUE) and robotic hair transplant procedures has improved the efficiency and outcomes of hair restoration treatments, attracting more patients. Additionally, the increasing acceptance and adoption of minimally invasive procedures for hair restoration, such as PRP therapy and low-level laser therapy (LLLT), are contributing to market growth.
Companies are also launching new and advanced products to meet the growing demand for hair restoration solutions. For instance, HermestHair Clinic (HHC) in Turkey recently introduced a cost-effective and unique FUE method for hair transplants, providing patients with a more affordable option for hair restoration procedures. These factors, combined with rising disposable incomes and a growing focus on personal appearance and grooming, are expected to continue driving significant growth in the market in the coming years.
Hair Restoration Market Report Highlights:
- Based on procedure, the Follicular Unit Extraction (FUE) technique emerged as the leading segment within the market, primarily due to its minimally invasive approach and the natural appearance of the results it produces. This has significantly increased its appeal among individuals seeking hair restoration solutions
- Based on therapy, the platelet-rich plasma segment dominated the market in 2023 due to the growing recognition of its effectiveness in promoting hair growth and improving hair density, leading to its widespread adoption in the market
- Asia Pacific region held the largest share in 2023 due to its large population, increasing disposable income, and growing awareness about hair restoration treatments, driving the demand for such procedures in the region
- Market players are implementing various strategic initiatives to enhance product reach and availability across different geographic regions
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Procedure
- 1.2.2. Therapy
- 1.2.3. Regional scope
- 1.2.4. Estimates and forecast timeline.
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity price analysis (Model 1)
- 1.7.2. Approach 1: Volume price approach
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Procedure Segment
- 2.2.2. Therapy Segment
- 2.2.3. Regional Outlook
- 2.3. Competitive Insights
Chapter 3. Global Hair Restoration Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. Hair Restoration Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
Chapter 4. Hair Restoration Market: Procedure Estimates & Trend Analysis
- 4.1. Hair Restoration Market: Procedure Dashboard
- 4.2. Hair Restoration Market: Procedure Movement Analysis
- 4.3. Hair Restoration Market Size & Forecasts and Trend Analysis, by Procedure, 2018 to 2030 (USD Million)
- 4.4. Follicular Unit Extraction
- 4.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.5. Follicular Unit Transplantation
- 4.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. Hair Restoration Market: Therapy Estimates & Trend Analysis
- 5.1. Hair Restoration Market: Therapy Dashboard
- 5.2. Hair Restoration Market: Therapy Movement Analysis
- 5.3. Hair Restoration Market Size & Forecasts and Trend Analysis, by Therapy, 2018 to 2030 (USD Million)
- 5.4. Low-Level Laser Therapy (LLLT)
- 5.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.5. Stem Cell Hair Restoration
- 5.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.6. Platelet Rich Plasma
- 5.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. Hair Restoration Market: Regional Estimates & Trend Analysis by Country, Procedure, and Therapy
- 6.1. Global Hair Restoration Market: Regional Dashboard
- 6.2. Market Size & Forecasts Trend Analysis, 2018 to 2030
- 6.3. North America
- 6.3.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.3.2. U.S.
- 6.3.2.1. Key country dynamics
- 6.3.2.2. Regulatory framework/ reimbursement structure
- 6.3.2.3. Competitive scenario
- 6.3.2.4. U.S. market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3. Canada
- 6.3.3.1. Key country dynamics
- 6.3.3.2. Regulatory framework/ reimbursement structure
- 6.3.3.3. Competitive scenario
- 6.3.3.4. Canada market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.4.2. UK
- 6.4.2.1. Key country dynamics
- 6.4.2.2. Regulatory framework/ reimbursement structure
- 6.4.2.3. Competitive scenario
- 6.4.2.4. UK market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.3. Germany
- 6.4.3.1. Key country dynamics
- 6.4.3.2. Regulatory framework/ reimbursement structure
- 6.4.3.3. Competitive scenario
- 6.4.3.4. Germany market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.4. France
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Regulatory framework/ reimbursement structure
- 6.4.4.3. Competitive scenario
- 6.4.4.4. France market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.5. Italy
- 6.4.5.1. Key country dynamics
- 6.4.5.2. Regulatory framework/ reimbursement structure
- 6.4.5.3. Competitive scenario
- 6.4.5.4. Italy market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.6. Spain
- 6.4.6.1. Key country dynamics
- 6.4.6.2. Regulatory framework/ reimbursement structure
- 6.4.6.3. Competitive scenario
- 6.4.6.4. Spain market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.7. Sweden
- 6.4.7.1. Key country dynamics
- 6.4.7.2. Regulatory framework/ reimbursement structure
- 6.4.7.3. Competitive scenario
- 6.4.7.4. Sweden market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.8. Norway
- 6.4.8.1. Key country dynamics
- 6.4.8.2. Regulatory framework/ reimbursement structure
- 6.4.8.3. Competitive scenario
- 6.4.8.4. Norway market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.9. Denmark
- 6.4.9.1. Key country dynamics
- 6.4.9.2. Regulatory framework/ reimbursement structure
- 6.4.9.3. Competitive scenario
- 6.4.9.4. Denmark market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.5.2. China
- 6.5.2.1. Key country dynamics
- 6.5.2.2. Regulatory framework/ reimbursement structure
- 6.5.2.3. Competitive scenario
- 6.5.2.4. China market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.3. Japan
- 6.5.3.1. Key country dynamics
- 6.5.3.2. Regulatory framework/ reimbursement structure
- 6.5.3.3. Competitive scenario
- 6.5.3.4. Japan market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.4. India
- 6.5.4.1. Key country dynamics
- 6.5.4.2. Regulatory framework/ reimbursement structure
- 6.5.4.3. Competitive scenario
- 6.5.4.4. India market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.5. Australia
- 6.5.5.1. Key country dynamics
- 6.5.5.2. Regulatory framework/ reimbursement structure
- 6.5.5.3. Competitive scenario
- 6.5.5.4. Australia market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.6. Thailand
- 6.5.6.1. Key country dynamics
- 6.5.6.2. Regulatory framework/ reimbursement structure
- 6.5.6.3. Competitive scenario
- 6.5.6.4. Thailand market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.7. South Korea
- 6.5.7.1. Key country dynamics
- 6.5.7.2. Regulatory framework/ reimbursement structure
- 6.5.7.3. Competitive scenario
- 6.5.7.4. South Korea market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6. Latin America
- 6.6.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Key country dynamics
- 6.6.2.2. Regulatory framework/ reimbursement structure
- 6.6.2.3. Competitive scenario
- 6.6.2.4. Brazil market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.3. Mexico
- 6.6.3.1. Key country dynamics
- 6.6.3.2. Regulatory framework/ reimbursement structure
- 6.6.3.3. Competitive scenario
- 6.6.3.4. Mexico market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.4. Argentina
- 6.6.4.1. Key country dynamics
- 6.6.4.2. Regulatory framework/ reimbursement structure
- 6.6.4.3. Competitive scenario
- 6.6.4.4. Argentina market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7. MEA
- 6.7.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.7.2. Saudi Arabia
- 6.7.2.1. Key country dynamics
- 6.7.2.2. Regulatory framework/ reimbursement structure
- 6.7.2.3. Competitive scenario
- 6.7.2.4. Saudi Arabia market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.3. South Africa
- 6.7.3.1. Key country dynamics
- 6.7.3.2. Regulatory framework/ reimbursement structure
- 6.7.3.3. Competitive scenario
- 6.7.3.4. South Africa market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.4. UAE
- 6.7.4.1. Key country dynamics
- 6.7.4.2. Regulatory framework/ reimbursement structure
- 6.7.4.3. Competitive scenario
- 6.7.4.4. UAE market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.5. Kuwait
- 6.7.5.1. Key country dynamics
- 6.7.5.2. Regulatory framework/ reimbursement structure
- 6.7.5.3. Competitive scenario
- 6.7.5.4. Kuwait market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Manufacturers
- 7.2. Company/Competition Categorization
- 7.3. Vendor Landscape
- 7.3.1. List of key distributors and channel partners
- 7.3.2. Key customers
- 7.3.3. Key company market share analysis, 2023
- 7.3.4. Bosley
- 7.3.4.1. Company overview
- 7.3.4.2. Financial performance
- 7.3.4.3. Application benchmarking
- 7.3.4.4. Strategic initiatives
- 7.3.5. Fue Hair Transplant
- 7.3.5.1. Company overview
- 7.3.5.2. Financial performance
- 7.3.5.3. Application benchmarking
- 7.3.5.4. Strategic initiatives
- 7.3.6. Hair Restoration Network
- 7.3.6.1. Company overview
- 7.3.6.2. Financial performance
- 7.3.6.3. Application benchmarking
- 7.3.6.4. Strategic initiatives
- 7.3.7. New York Hair Restoration Centers
- 7.3.7.1. Company overview
- 7.3.7.2. Financial performance
- 7.3.7.3. Application benchmarking
- 7.3.7.4. Strategic initiatives
- 7.3.8. Shapiro Medical Group
- 7.3.8.1. Company overview
- 7.3.8.2. Financial performance
- 7.3.8.3. Application benchmarking
- 7.3.8.4. Strategic initiatives
- 7.3.9. The Harley Street Hair Clinic
- 7.3.9.1. Company overview
- 7.3.9.2. Financial performance
- 7.3.9.3. Application benchmarking
- 7.3.9.4. Strategic initiatives
- 7.3.10. The Maitland Clinic (UK)
- 7.3.10.1. Company overview
- 7.3.10.2. Financial performance
- 7.3.10.3. Application benchmarking
- 7.3.10.4. Strategic initiatives
- 7.3.11. Chung Hospital
- 7.3.11.1. Company overview
- 7.3.11.2. Financial performance
- 7.3.11.3. Application benchmarking
- 7.3.11.4. Strategic initiatives
- 7.3.12. CS Hair Clinic
- 7.3.12.1. Company overview
- 7.3.12.2. Financial performance
- 7.3.12.3. Application benchmarking
- 7.3.12.4. Strategic initiatives