China hair transplant market valued over USD 275.7 million in 2017. Increase in prevalence of androgenic alopecia is one of the reasons for rising demand for hair transplant procedure in the country. According to the recent research report it is estimated that, the stress and irregular life patterns causes Chinese people to lose their hair earlier than even before. Moreover, rising disposable income should also empower people to undergo relatively expensive procedures.
Hair transplant stem cell therapy valued at over USD 122.9 million in the year 2017 and is expected to grow at significant rate. According to National Institutes of Health, Androgenetic alopecia is the most common type of hair loss experienced in both males and females. Increasing use of stem cell therapy in hair loss treatment and recent technological advancement in hair restoration therapy will propel the segment growth.
Some of the notable industry players are Allergan Plc, Beiersdorf AG, Bosley, L’Oreal SA, Lumenis Inc, MEDICAMAT, PhotoMedex Inc., Restoration Robotics Inc., Solta Medical, Inc., among others. Industry players focus on increasing their research and development activities by launching innovative technology and enhanced hair transplant procedures. Also, companies carry out merger and acquisition to expand the market at geographic level in order to sustain in the competitive market.
This was stated by a prominent cosmetic surgen Dr.Haneef Saeed while talking to APP here on Wednesday.
He said the government could promote medical tourism as this could also increase public revenues by bringing foreign remittances in the country.
He said almost 200 foreigners visit major cities of Pakistan every month for hair transplant as Pakistani doctors provide world quality hair transplant services.
At present, foreigners from gulf countries,Europe, USA, Canada and Australia visit Pakistan for hair transplant because this treatment in their countries is 10 times costlier as compared to Pakistan, said Dr. Hanif Saeed.
Meanwhile, another hair transplantation surgeon Dr.Nasir of Hair Club International disclosed that scores of quacks were also active in hair transplant practice and were offering cheaper services which caused skin diseases,besides spreading hepatitis in the country.
He said that hair transplantation which started first time in the country in 1999,was growing at a sharp pace but those desirous of hair transplantation should contact qualified cosmetic surgeon instead of unqualified quacks lacking any medical degree and training regarding hair transplantion.
To a question about the cost of safe hair transplantion,Dr.Nasir said that its cost varies as per space where hairs were to be transplanted.However,its costs from Rs.40,000 to Rs. 125,000 usually in a safe environment i.e a sterilized theatre and a qualified surgeon.
However,quacks were doing this practice of hair transplant in Rs. 20,000 to Rs. 25,000 but not without hazards of infection and disease.
He advised the desirous people to always contact qualified cosmetic surgeon belonging to Hair Restoration Society