Hair Restoration Services Market Analysis

Global Hair Restoration Services Market Overview

Hair Restoration Services Market Size was valued at USD 9.5 Billion in 2023. The Hair Restoration Services Industry is projected to grow from USD 9.97 Billion in 2024 to USD 14.61 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2024 - 2032). The increasing incidence of androgenetic alopecia and rising disposable wealth are the key market drivers accelerating market expansion.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Hair Restoration Services Market Trends

• Rise in the incidence of androgenetic alopecia is driving the market growth

Market CAGR for hair restoration services is being driven by the rise in the incidence of androgenetic alopecia. A surgical treatment called hair restoration is performed to cure alopecia, or baldness. It is a cosmetic surgery used on both men and women who experience substantial hair loss, thinning hair, or bald areas. Men are more likely than women to experience hair loss and baldness, primarily due to hereditary and ageing factors.

Additionally, as new trends and technologies have emerged over time, the market for hair restoration services has become more profitable and effective. For instance, the ARTAS robotic process is a cutting-edge technology that is being developed with top researchers and doctors in the field of hair transplantation. Modern robotic technology is used by the system to help doctors with challenging manual tasks that call for repeated and precise motions and raise the possibility of human error. Another novel technique that has been gaining acceptance in the industry for hair restoration services is hair cloning. An efficient, minimally invasive hair growth technique that doesn't require maintenance after surgery is made possible by hair cloning.

The population's changing lifestyles, rising expendable income, and rising alopecia prevalence are all propelling market growth. Technology developments in the area of less invasive hair restoration as well as the improved success rate of hair transplantation procedures may be influencing this growth. The condition is believed to be largely triggered by changes in lifestyle, including excessive alcohol and cigarette use and high levels of stress. Genetic factors have been linked to a number of occurrences, despite the fact that the exact aetiology of the disease is unknown.

For instance, a Forbes article from 2019 claims that 5% of influencers who advocate services or products are responsible for 45% of social influence, which will further aid industry expansion. Additionally helping the business are technology developments like exploratory treatments with stem cells and light or laser therapy. Thus, result in driving the Hair Restoration Services market revenue.

Hair Restoration Services Market Segment Insights

Hair Restoration Services Service Type Insights

The Hair Restoration Services market segmentation, based on Service Type includes Follicular Unit Extraction, Follicular Unit Transplantation, Laser Treatment, Follicular Unit Strip Surgery, and Others. The follicular unit extraction segment dominated the market. Due to its reduced invasiveness compared to Follicular Unit Transplantation (FUT), nearly undetectable scarring, quicker recovery, and improved patient comfort, FUE transplantation has become more and more popular.

Hair Restoration Services Gender Insights

The Hair Restoration Services market segmentation, based on Gender, includes Male, and Female. The male category generated the most income. Androgenetic alopecia, a frequent disorder where excessive male hormones in hair follicles prevent hair development on the scalp, is another name for male-pattern baldness.

Figure1: Hair Restoration Services Market, by Gender, 2022&2032 (USD Billion)

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Hair Restoration Services Service Provider Insights

The Hair Restoration Services market segmentation, based on Service Provider includes Hospitals, Clinics, and Surgery Centers. The clinics segment dominated the market. These facilities are well-equipped with the tools needed to perform various hair restoration procedures, including follicular unit extraction (FUE), follicular unit transplantation (FUT), and laser therapies.

Hair Restoration Services Regional Insights     

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Hair Restoration Services market area will be dominant, due to the region's rising need for hair restoration services, expanding emphasis on skincare, rising cosmetics use, and quickly changing lifestyles of people.

Further, the major countries studied in the market report are The US, Canada, France, the UK, Italy, German, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: HAIR RESTORATION SERVICES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe Hair Restoration Services market accounts for the second-largest market share due to the number of product releases and market expansions are also increasing as a result of the growing demand for hair transplant surgeries and the existence of numerous regional market players. Further, the German Hair Restoration Services market held a dominant market share, and the UK Hair Restoration Services market was the European region's fastest-growing market.

The Asia-Pacific Hair Restoration Services Market is anticipated to see the fastest CAGR between 2023 and 2032. The development of technology and the rise in people choosing to undergo operations related to the hair restoration market are responsible for this expansion. Moreover, China’s Hair Restoration Services market held a dominant market share, and the Indian Hair Restoration Services market was the Asia-Pacific region's fastest-growing market.

Hair Restoration Services Key Market Players& Competitive Insights

Leading market players are putting a lot of money on R&D to increase their product lines, which will stimulate the demand for hair restoration services to develop. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other organizations. To grow and endure in an increasingly competitive and challenging market environment, Hair Restoration Services industry must provide reasonably priced goods.

One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the Hair Restoration Services industry to develop market sector and provide benefits to customers. In recent years, the Hair Restoration Services industry has provided some of the most important benefits for medicine. Major players in the Hair Restoration Services market, including NeoGraft, Lexington Intl., LLC, National Hair Centers, Elite Hair Restoration, Direct Hair Implantation International, and others, invest in operations for research and development in an effort to improve market demand.

In Bosley Medical Institute v. Kremer, No. 04-55962, the Ninth Circuit of the United States Court of Appeals upheld, overturned, and remanded the decisions of the Southern District of California United States District Court, holding that the defendant, Michael Kremer, could not be held accountable for trademark infringement or dilution for his use of the Bosley Medical Group's name in developing a website that was critical of the company's business practices. In May 2019, Bosley made the BioGraft launch announcement. Patients around the country can now access the ground-breaking technique, which combines surgical and noninvasive hair restoration for a stunning transformation.

Venus Concept Ltd., a privately held company that leads the world in revolutionary aesthetic technology, is happy to announce that it has reached a deal to buy NeoGraft Solutions' hair restoration division ("NeoGraft"). In terms of topical products and hair restoration technologies, NeoGraft is a market leader. In the aesthetics sector, NeoGraft has established a strong reputation for offering a fantastic substitute for common hair transplant surgery. In 2018, the purchase of the hair restoration division of NeoGraft Solutions was announced by Venus Concept.

Key Companies in the Hair Restoration Services market include

• NeoGraft


• Lexington Intl. LLC


• National Hair Centers


• Elite Hair Restoration


• Direct Hair Implantation International


• iGrow Laser


• Bosley Inc


• Cole Hair Transplant Group


• Bernstein Medical

Hair Restoration Services Industry Developments

February 2024: A cutting-edge technology that combines established research, natural ingredients, and artificial intelligence is expected to assist consumers in slowing down the effects of aging on their hair and skin. Recent study has shown that alterations in our mitochondria, commonly known as the cell's powerhouse, are responsible for numerous age-related transformations in hair, skin, and other bodily systems. Yuva Biosciences has employed artificial intelligence (AI) to analyze several compounds and pinpointed YuvaBio® Y100™ as a substance that can alleviate mitochondrial dysfunction, as identified by scientists. It is currently open for license to consumer brands that are not related to drugs. Yuva Biosciences is utilizing a unique platform to search for new compounds that enhance mitochondrial health. Initially focusing on hair and skin aging, they have the potential to also target other mitochondrial-related concerns such as ovarian aging, wound care, and menopausal issues.

December 2023: Hairline International Hair and Skin Clinic, a prominent hair clinic, introduces Sonicated PRP, an innovative hair regeneration therapy. This therapy is developed using cutting-edge research on platelet-rich plasma (PRP). The state-of-the-art therapy seeks to transform the process of hair follicle activation and regeneration. This novel method entails utilizing platelet sonicates (PSS) to stimulate quiescent hair follicles and promote the proliferation of hair follicle stem cells. This technique elucidates the cellular and molecular principles that contribute to its effectiveness, offering optimism to those in search of practical remedies for hair restoration. PSS demonstrates superiority over typical platelet-rich plasma preparations due to its higher levels of 16 growth factors that are crucial for fostering hair follicle regeneration. This innovative treatment stimulates dormant hair follicles and enhances the viability of skin-derived precursor (SKP) cells, consequently promoting the development of stronger and healthier hair follicles. The clinic's commitment to provide state-of-the-art solutions is seen in its continuous endeavors to establish itself as a center for pioneering hair restoration procedures. The clinic strives to provide accessible and effective solutions to persons experiencing hair loss, in order to enhance their confidence and well-being.

May 2019: Both Bosley and Hair Club reported receiving BioGraft. For a significant alteration, the development enhancement includes rigorous and nonsurgical hair rebuilding. The company's portfolio of hair relocation products was able to grow thanks to the supply of these new items. To create items with advanced mechanics, the business makes significant investments in R&D.

February 2023: In Florida, USA, HairClub extended its facility to accommodate locals looking for remedies for hair loss.

April 2022: Turkey's HermestHair Clinic (HHC) has introduced the innovative and affordable FUE technology for hair transplants.

Hair Restoration Services Market Segmentation

Hair Restoration Services Service Type Outlook

• Follicular Unit Extraction


• Follicular Unit Transplantation


• Laser Treatment


• Follicular Unit Strip Surgery


• Others

Hair Restoration Services Gender Outlook

• Male


• Female

Hair Restoration Services Service Provider Outlook

• Hospitals


• Clinics


• Surgery Centers

Hair Restoration Services Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America