Hair transplantation is a widely performed cosmetic treatment for hair thinning and baldness. The procedure became popular as a convenient and less painful way to achieve a head full of thick, luscious hair. 

No wonder research reports that the global hair transplant market will increase tenfold in the coming decade. Here is a quick look at some data about hair transplantation gathered worldwide.

Hair Transplantation Global Reports

According to Market Growth Reports, the market size is expected to hit 8899.2 million from 6367.6 million in 2023. The forecasted CAGR is 4.8% between 2024 and 2031.

Another study from Data Bridge Market Research also predicts a rise in the global hair transplant industry. It reports the market will reach around $72,900 million by 2030 from $15,680 million in 2022. The expected CAGR is 18.65% during the forecast period 2023-2030. That’s huge!

The report also finds that “Follicular Unit Transplantation (FUT)” is dominating the market due to the rise of cardiac arrhythmias. 

One global hair transplant study from Straits Research reports the market will grow at a CAGR of 8.0% from 2023 to 2031. North America leads the market with noticeable numbers in all three of these reports. 

What Is Driving the Global Hair Transplant Market?

Undoubtedly, the global hair transplant market will grow by 2030. The major drivers for the immense popularity of this cosmetic procedure include:

  • Rising Androgenetic Alopecia (Pattern Baldness). This condition affects up to 50% of males and females across the globe, ranking as one of the most prevalent hair concerns. Unfortunately, androgenetic alopecia is increasing, driving the need for hair transplant procedures among youth and adults for hair restoration.
  • The Need for Beauty Enhancements. Hair constitutes a major part of our appearance, which is why the demand for hair transplant procedures is increasing every day. People want fuller hair to look their best, making such procedures even more popular. 
  • Improvements in Hair Transplant Techniques. The continuous technological advancements have made hair transplants easier and more efficient. Whether Follicular Unit Extraction (FUE) or Follicular Unit Transplantation (FUT), people can now restore their hair with minimal invasion, costs, and risks. 

Global Hair Transplant Market Analysis/Insights

All three reports we mentioned from Market Growth Reports, Data Bridge Market Research, and Straits Research analyzed the market on similar factors. These involve country, surgical methods, surgery type, therapy, product, gender, and service providers.

Countries

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, UK, Turkey, etc.) 
  • Asia-Pacific (China, Japan, Korea, etc.)
  • South America (Brazil, Argentina, Columbia, etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, etc.)

Surgical Methods

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

Surgery Type

  • Head Hair Transplant
  • Eyebrow Transplant
  • Frontal Hairline Lowering or Reconstruction
  • Others

Therapy

  • Platelet-rich Plasma Therapy (PRP)
  • Stem Cell Therapy
  • Laser Therapy
  • Others

Product

  • Gel
  • Serum
  • Drugs
  • Multivitamins
  • Others

Gender

  • Male
  • Female

Service Provider

  • Hospitals
  • Trichology Clinics
  • Dermatologic Clinics
  • Surgical Centers
  • Others

North America had a clear lead in the global hair transplant market due to the residents’ rapidly evolving lifestyle. There is a high demand for skincare, with people reportedly using more cosmetics and inclining towards hair restoration procedures.

Asia-Pacific is the second-leading region for hair transplants. The reports expect significant growth of the hair transplant market from 2023 to 2030 in response to the compromising mental and physical health among the region’s youth. Excessive stress and workload are the major risk factors for hair loss in Asia-Pacific.  

The Growing Demand for Hair Transplant: Connect with a Specialist to Learn More

The global hair transplant market is expected to skyrocket in the coming decade for several reasons. More and more people are experiencing pattern baldness, and the need for aesthetics is also increasing. 

Whether you are losing hair fast or suffering from hair thinning, it’s best to consult a hair specialist early. 

At DK Klinik, our hair restoration doctors are well-versed in the latest trends and methods to give you a head full of beautiful hair. Schedule a free consultation with our team today to learn more about this prevalent cosmetic procedure.