Hair Restoration Market Overview:
The key factors influencing the growth of the hair restoration market are the increasing popularity of hair transplants and the growing prevalence of different types of dermatological disorders. According to the 2017 International Society of Hair Restoration Surgery survey, approximately 133,136 individuals had performed the hair restoration procedure in the United States. In Europe, about 79,513 people had done the same and in Asia-Pacific, 195,284 people went to the procedure. This data indicates that a large number of individuals around the globe are going for hair restoration procedures. This results in the growth of the global market for hair restoration services.
Scope of the Report:
Hair restoration is a procedure where the hair is moved from the back and/or sides of the scalp, where the hair is permanent donor area, to areas that are thinning or bald on the front, top, or crown of the scalp recipient area. Once transplanted, the hair will probably develop usually.
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Key Market Trends:
Scalp account large share in the Recipient Area Segment
The hair restoration market scalp segment is expected to have the largest market size over the forecast period. According to the 2017 International Society of Hair Restoration Surgery ISHR survey, the scalp was the most widespread donor harvest site 93.7 times, followed by beard 6.4% and chest 3.2 %. Due to the growing issue of hair loss globally and increasing awareness of people about their appearance, the demand for scalp hair treatment has been boosted. The ISHR has indicated that treatment with scalp is the most common hair restoration treatment. Therefore, the scalp hair restoration operation generates a significant quantity of income.
North America is dominating the market growth
Growing celebrities and media influences, increasing awareness of one’s appearance, peer pressure, societal pressure, growing urbanization, high earnings, and growing word of mouth are potential drivers for growth in the North American hair restoration services market. North America, followed by Europe and Asia-Pacific, has the largest market share.
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Competitive Landscape:
The market for hair restoration services is highly competitive. With technological advancements, some mid-size to smaller companies are increasing their market presence by introducing new products at cheap rates. Some of the main players in this industry are Allergan PLC, Restoration Robotics, Venus Concept, Igrow, and Theradome.
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