Further key findings from the report suggest:
• PRP procedures dominated the market in terms of volume in 2017, owing to its safety, effectiveness, and minimal chances of failure
• Stem cell therapy accounted for the dominant revenue share in 2017 owing to higher prices of PRP procedures as compared to stem cell therapy. The segment was valued at USD 70.1 million in 2017
• The dermatology clinic segment held the largest revenue share in 2017, accounting for USD 105.2 million
• Some of the clinics providing PRP and stem cell therapy for alopecia in this market are Hair Sciences Center of Colorado, Anderson Center, PLC, Nova Genix, and Hair Transplant Institute of Miami.
Hair Transplant Market Rising at 25% CAGR During 2018-2024: Analysis of Key Players Allergan Plc, Beiersdorf AG, Bosley, L’Oreal SA, Lumenis Inc, MEDICAMAT, PhotoMedex Inc., Restoration Robotics Inc., Solta Medical
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Hair Transplant Market, Global Hair Transplant Market Size, Hair Transplant Industry, Hair Transplant Market Trends
Market Study Report recently introduced new title on “2018-2024 Global Hair Transplant Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
Rising importance of physical appearance in developing regions of Asia Pacific will induce significant uptick in demand for hair transplant procedures. Asian population develop pattern hair loss at some point of time in their life. Studies and statistics show that Asian population are facing hair loss problems in the early 20s, in near future this stratum of population is most likely to opt for hair transplant or restoration therapies. Global Hair Transplant Market will exceed USD 24.8 billion by 2024; as per a new research report. However, factors such as adverse drug side effects, cost of hair loss treatment, lack of reimbursement policies and insurance coverage will be major market growth restraining factors.
Increase in number of people suffering from hair loss problem such as androgenic alopecia, male pattern baldness and female pattern hair loss will augment the hair transplant market growth over the forecast period. According to NHS UK, every 2 people in 1000 is affected by alopecia areata in UK. This substantial increase in people suffering from hair loss will foster market growth opportunities in the forthcoming years.
U.K. hair transplant market is anticipated to grow at a robust CAGR of 25.4% in the forecast period. Rapidly rising incidences of male pattern baldness cases coupled with sub-optimal nutrition due to lifestyle changes in UK will drive the demand over the projection years. Adoption of new technologies like FUE procedures over FUT procedures in public healthcare system by the surgeons will escalate market growth.
Follicular unit transplantation (FUT) hair transplant method valued around USD 1,824.7 million in 2017. Follicular unit transplantation (FUT), is growing in popularity among patients suffering from hair loss due to factors such as low cost of treatment and hair transplantation is single session. Increasing number of people opting for follicular unit transplantation (FUT) hair transplant procedure in the developing regions will propel the industry growth.
The hair restoration drugs market estimated to witness substantial increase in the market size, with a CAGR of 24.8% from 2018-2024. Increase in consumption of medicines such as finasteride and minoxidil before and after the hair loss treatment will foster ample segment growth opportunities over the forthcoming years.