Report Overview

United States Hair Transplant Procedure Market - Industry Trends & Forecast Report 2028

United States Hair Transplant Procedure Market is predicted to grow at a CAGR of 22.6% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the growing popularity of hair transplants. Also, the rising prevalence of various dermatological disorders that cause hair loss. Moreover, social media, on its own, is playing an important role in promoting hair restoration procedures. According to research, 5 percent of influencers who offer product or service recommendations drive 45 percent of social influence, which further strengthens the market. Additionally, the increasing prevalence of androgenetic alopecia is the primary driver of the market. Lifestyle changes, such as excessive consumption of tobacco and alcohol, and rising stress levels, are thought to be strong triggers for the disease. Furthermore, technological advancements in hair transplant devices are increasing the success rate of these procedures and driving up demand for them.

Hair Transplant Procedure - Overview

A hair transplant is a treatment where a dermatologist or plastic surgeon transplants hair to a bald spot on the head. Typically, the surgeon moves hair from the top or front of the head to the side or rear of the head. Under local anesthetic, hair transplants often take place in a doctor's office. A therapeutic option for hair that is thinning down is a hair transplant. The results of a hair transplant are thought to be irreversible, making them permanent. In general, the majority of hair transplantation specialists concur that patients should wait until they are between the ages of 30 and 40 before having hair transplant surgery. The operation delivers the best results at that age. Moreover, follicular unit transplantation (FUT) and follicular unit extraction (FUE) are the two main forms of hair transplantation methods.

United States Hair Transplant Procedure Market Forecast and Trends

Growth Drivers

Rising Prevalence of Hair Loss

The International Society of Hair Restoration Surgery estimates that over 35 million men and 21 million women in the United States, respectively, suffer from hair loss issues each year. A substantial advancement in hair transplantation has been made as a result of the rising prevalence of hair loss among people. For example, greater use of follicular hair transplantation (FUT) and follicular unit extraction (FUE) techniques has increased the effectiveness of the therapy. In addition, the operations are swift, uncomfortable for the patients minimal to nonexistent, and there is less noticeable scarring. Therefore, it is projected that during the forecast period, the expansion of the U.S. hair transplant procedure market would be aided by the rising prevalence of baldness and the rising purchasing power of people for treatment options.

Increasing Innovations in Hair Salons

Hair care facilities have expanded their sales of hair transplants as a result of growing consumer attention on appearance. Depending on their target market, hair care clinics employ different advertising tactics for hair care. A highly distinctive hair salon, for instance, would do well to advertise in media like newspapers, magazines, and television. To win customers' faith in their brands, manufacturers are putting more and more emphasis on third-party certification. Moreover, numerous pharmaceutical and cosmetics companies are expanding their product lines and adding anti-hair fall solutions in response to the demand for treatments for hair loss. Furthermore, manufacturers of hair loss treatment products are putting more emphasis on creating products (with both functional and active components) that have many uses. Additionally, these developments from top hair care companies are now essential in the industry.

Increasing Sluggish Lifestyles

Rising sluggish lifestyles such as smoking, having an erratic eating pattern, and being stressed out can result in becoming exposed. Similar to how inadequate sleep, dehydration, the consumption of food lacking in protein, and a lack of essential vitamins and minerals are to blame for passing unnoticed are also apparent life changes. These altering lifestyles have also contributed to food pollution and the malabsorption of improvements, which can lead to problems that are becoming more obvious. All these factors boost the growth of the United States Hair Transplant Procedure Market during the forecast period (2022-2028).

Hormonal Imbalances and Aging

Hormone imbalances and age have both been suggested as probable causes of alopecia. Menopausal women or those with thyroid conditions may experience hair loss due to a drop in estrogen levels. Androgens like testosterone and dehydroepiandrosterone are other significant hormones that could influence hair formation (DHEA). Thyroid disease, which is thought to affect 20 million Americans, can go undetected in as many as 60% of cases. In addition, gender is a crucial factor in disease risk. According to the American Hair Loss Association, androgenetic alopecia accounts for over 95% of male pattern baldness. Additionally, it is projected that increasing consumer knowledge of alopecia therapeutic alternatives will benefit the industry going forward.

Restraints

Side Effects of Some Medications

Unfavorable drug side effects, excessive treatment costs, and a lack of insurance coverage are the issues that could restrain market expansion. A person who has diffuse hair loss will not be rational. Alopecia Areata patients should not undergo hair relocation procedures because the condition can affect any area of the scalp, making the entire procedure useless as even the moving hair could be the cause of the attack. Additionally, the market for hair transplants offers prospects for normal hair, results that are guaranteed and highly appropriate, a simple operation, long wait times for results, safety and painlessness, once the process is complete, and the development of self-confidence. Moreover, the negative brand effects of hair loss treatment could impede the future expansion of the United States market for hair transplant procedures. Also, people's worries about the negative effects of hair transplant treatments have grown as the number of procedures performed has climbed. People have reported experiencing side effects from several medications. This could have a detrimental effect on the expansion of the U.S. Hair Transplant Procedure Market.

Impact of COVID-19 on United States Hair Transplant Procedure Market

The COVID-19 pandemic-induced lockdown and economic crisis have affected all sectors including healthcare. Because non-emergent surgical methods are not widely preferred by the public, the ongoing COVID-19 epidemic has had a greater impact on the hair restoration industry. Due to the significant risk of infection, numerous regulatory organizations from across the country have also advised doctors to steer clear of any form of non-emergent surgical treatments. The market for hair restoration has therefore undoubtedly seen a marginally negative effect shortly given the extraordinary impact of COVID-19. However, the market, on the other hand, is improving and is likely to return to normal as the government's assistance grows. During the forecast period (2022-2028), the market is expected to rise due to the quickest recovery rates in some regions. Which in turn anticipated to surge in the demand for hair transplant procedures.  

United States Hair Transplant Procedure Market - By Gender

Based on gender, the United States Hair Transplant Procedure Market is segmented into Male, Female, and Others. Among these, the male segment accounts for the largest share in the United States Hair Transplant Procedure Market. Androgenetic alopecia, a frequent disorder where excessive levels of male hormones in hair follicles prevent hair development on the scalp, is another name for male-pattern baldness. Moreover, male pattern baldness occurrences are increasing as a result of extrinsic causes such as unhealthy lifestyles and poor diet as well as hereditary susceptibility. By the time they reach the age of 50, around 85% of men experience hair thinning. This will raise interest in and use the hair transplant procedure. The growing preoccupation with physical attractiveness is also increasing market value.

United States Hair Transplant Procedure Market – By Type

Based on type, the United States Hair Transplant Procedure Market is segmented into Follicular Hair Transplantation (FUT), and Follicular Unit Extraction (FUE). Among these, the follicular unit extraction segment holds the largest market share. This is because follicular unit extraction is a cutting-edge minimally invasive hair transplant technique that enables the harvesting of individual follicles from the back of the head, i.e., the donor area while guaranteeing there will be no linear scar. High hair density in the donor area makes people good candidates for FUE hair restoration surgery (back and side of the head). Some of the major FUE service providers, however, are planning to perform FUE without shaving one's head. Moreover, a procedure known as follicular unit excision involves hundreds of incisions being created and the physical removal of hair follicles from the donor area of the scalp and placement in the balding area. Therefore, the development of FUE technology has a significant impact on the market for hair restoration services.

United States Hair Transplant Procedure Market - By Age

Based on age, the United States Hair Transplant Procedure Market is segmented into 20-29, 30-39, 40-54, 55 & Above. The 55 and above segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). About two-thirds of people are bald or have a balding pattern by the age of 60. Even though hair loss becomes more prevalent as you age, that doesn't necessarily make it any less difficult to accept. Moreover, there is a 25% possibility that a person starts showing some balding at the age of 30. 50% of males experience at least some obvious hair loss by the age of 50.

Competitive Landscape

The leading market players in the United States Hair Transplant Procedure Market are Cole Instruments Inc., Capillus Inc., LaserCap, Apria Science Company, Venus Concept Company, Theradome Company, Restoration Robotics Inc., and other prominent players.

The United States Hair Transplant Procedure Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• June 2020, Follica, Inc. announced positive feedback from a meeting with the U.S. Food and Drug Administration (FDA) as the company prepares to advance its lead program into Phase 3 development following a successful safety and efficacy optimization study for the treatment of hair loss in male androgenetic alopecia announced in December 2019.

Scope of the Report

By Gender

• Male
• Female
• Others

By Type

• Follicular Hair Transplantation (FUT)
• Follicular Unit Extraction (FUE)

By Age

• 20-29
• 30-39
• 40-54
• 55 & Above

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary and Secondary Products
   2. Quantitative Research
      1. Primary and Secondary Products
   3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Industry Participants
   5. Market Breakdown & Data Triangulation
3. Executive Summary
4. United States Hair Transplant Procedure Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Porter’s Five Forces Analysis
      1. Bargaining End-use Industry of Suppliers
      2. Bargaining End-use Industry of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
   4. Recent Development
   5. PESTEL Analysis
5. United States Hair Transplant Procedure Market Overview
   1. Market Size & Forecast by Value, 2018-2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Gender
         1. Male
         2. Female
         3. Others
      2. By Type
         1. Follicular Hair Transplantation(FUT)
         2. Follicular Unit Extraction (FUE)
      3. By Age
         1. 20-29
         2. 30-39
         3. 40-54
         4. 55 & Above
6. Competitive Landscape
   1. List of Key Players and their Offerings
   2. Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
7. Impact of Covid-19 Across Hair Transplant Procedure Market
8. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
   1. Cole Instruments Inc.
   2. Capillus Inc.
   3. LaserCap
   4. Apria Science Company
   5. Venus Concept Company
   6. Theradome Company
   7. Restoration Robotics Inc.
   8. Other Prominent Players
9. Key Strategic Recommendations

Note:

Financial in information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

 Figure 1        United States Hair Transplant Procedure Segmentation

Figure 2        United States Hair Transplant Procedure Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        United States Hair Transplant Procedure Market Size, By Value (USD Million), 2018-2028

Figure 5        United States Hair Transplant Procedure Market Share, By Coverage Type, By Value, 2018-2028

Figure 6        United States Hair Transplant Procedure Market Share, By Distribution Channel, By Value, 2018-2028

Figure 7        United States Hair Transplant Procedure Market Share, By Application, By Value, 2018-2028

List of Tables

Table 1         United States Hair Transplant Procedure Market Size, By Coverage Type, By Value, 2018-2028  

Table 2         United States Hair Transplant Procedure Market Size, By Distribution Channel, By Value, 2018-2028                                 

Table 3         United States Hair Transplant Procedure Market Size, By Application, By Value, 2018-2028                                               

Table 4         Cole Instruments Inc. Company Overview                                       

Table 5         Cole Instruments Inc. Financial Overview                                        

Table 6         Capillus Inc. Company Overview                                          

Table 7         Capillus Inc. Financial Overview                                           

Table 8         LaserCap Company Overview                                              

Table 9         LaserCap Financial Overview                                      

Table 10        Apria Science Company Overview                                        

Table 11        Apria Science Company Financial Overview                                               

Table 12        Venus Concept Company Overview                                       

Table 13        Venus Concept Company Financial Overview                                             

Table 14        Theradome Company Overview                                           

Table 15        Theradome Company Financial Overview                                        

Table 16        Restoration Robotics Inc. Company Overview      

Table 17        Restoration Robotics Inc. Financial Overview