Hair Restoration Market Report

The rise in stress levels, excessive alcohol and tobacco use, and evolving lifestyles globally are causing an increase in the prevalence of androgen alopecia (AGA), the most common type of non-scarring hair loss characterized by a gradual pattern of hair loss. AGA happens in men mostly because of a genetic inclination and heightened responsiveness of hair follicles to androgens, leading to the slow conversion of thick scalp hair to thin vellus hair. Females typically encounter widespread hair loss at the crown and top of their heads, while the frontal hairline remains unaffected, and the widening of the middle part is a common indicator of this form of hair loss. The National Institute of Health (NIH) reports that AGA affects 50% of both men and women.

Different hormones have a significant impact on the structure of hair follicles and the hair growth cycle. Androgens like testosterone (T), and dihydrotestosterone (DHT), along with their prohormones, dehydroepiandrosterone sulfate (DHEAS), and androstenedione (A), play a crucial role in the development of terminal hair. Alternatively, too much androgen can lead to shorter and finer hair due to overstimulation of follicles. Delays can also happen in the growth of new hair to compensate for the strands that have fallen out. All these changes result in hair loss or thinning.

However, conditions like hyperthyroidism, hypothyroidism, and drug-induced hypothyroidism are linked to excessive hair loss. Hair loss is seen in around half of people with hyperthyroidism and one-third of those with hypothyroidism. As a result, an increase in dermatological issues and fluctuating hormone levels are causing an increase in hair shedding and hair loss.

The hair restoration field is rapidly growing, with the continual emergence of new advancements and techniques within the industry. Advancements in hair restoration now include the use of stem cells, platelet-rich plasma (PRP) therapy, and robotic hair transplants. Stem cell therapy involves the utilization of stem cells to promote the hair's growth. Stem cells have the ability to change into various cell types, including hair follicles. In hair restoration treatments, stem cells are commonly taken from the patient's body, often from adipose tissue, and then injected into the scalp. This treatment has been shown to be effective in promoting hair growth and is considered a very promising development in the field of hair growth therapy. Platelet-rich plasma (PRP) is a platelet concentration with elevated growth factor levels. Introducing PRP into the scalp stimulates new hair growth and boosts the overall vitality of existing hair. This treatment is often paired with other techniques for hair regrowth, such as hair transplants, to boost their effectiveness. Therapy is often used in conjunction with other hair restoration techniques, such as hair transplants, to increase their effectiveness.

The most recent advancement in hair restoration is robotic hair transplants, also known as FUE (follicular unit extraction) transplants. This method consists of using a mechanical arm to delicately extract hair follicles from the donor area and insert them into the recipient site. The robotic arm can make multiple small incisions on the scalp rapidly, decreasing scalp damage, enhancing healing time, and producing more authentic outcomes when contrasted with manual techniques performed by a surgeon. Advancements and changes in the hair restoration industry drive market growth.

• Stem cell therapy for hair follicle rejuvenation.
• Platelet Plasma therapy (PRP) is effective for hair regrowth.
• Robotics-assisted hair transplant procedures such as FUE (follicular unit extraction) & FUT (follicular unit transplantation) aid precise results.
• Low-level laser therapy LT, a new safe devise-based modality for stimulating hair growth

Even though transplantation technology has proved its effectiveness in restoring hair, high procedure costs for the surgery constrain market growth. The transplantation depends on the surgery types or procedures such as follicular unit transplantation (FUT) or follicular unit extraction (FUE) and the degree of hair loss. For instance, Bosely, which is the top-leading key player in the United States for hair transplantation procedures, costs between US$6000 and US$12000. Additionally, average spending in developing countries such as India is about US$2,500. As a consequence, the expensive procedures are unaffordable for the middle-income population of the countries, and surgical adaptation will limit market growth.

Apart from this, a variety of alternative therapies for hair regrowth, together with platelet-rich plasma (PRP) therapy, stem cell therapy, scalp micropropagation, and low-level laser therapy (LLLP), constrain market growth. According to a report by the National Institute of Health (NIH), low-level laser therapy (LLLT), which is associated with a range of wavelengths from red infrared laser light, is proven to be a new safe device-based modality for stimulating hair growth in men and women in AGA. Which helps stimulate cellular activity in tissues. It is this that promotes tissue repair and regeneration.

The increasing prevalence of dermatological conditions is driving the need for more accurate and creative solutions. AGA is a prevalent hair issue in both men and women, with a higher occurrence in men. As a result, numerous companies have introduced advanced medical devices and various surgical procedures to address this problem. One such example is the Unshaven FEU transplant surgery by FEU Treatment Room London, launched in April 2024, where hair follicles from the back and sides of the head are moved to areas experiencing hair loss, like a receding hairline or thin crown. In a 6–12-month timeframe, these hairs will regrow, restoring hair in areas where it was previously absent. The greatest outcome is achieved when naturally grown hair appears rejuvenated.

Moreover, there is a shift towards the creation of new technologies and the introduction of products with advanced features by medical device manufacturers, leading to market expansion. For example, Venus Concept revealed the introduction of the newest ARTAS iX version in March 2023, setting new benchmarks in hair transplant technology through advanced robotics, machine vision, artificial intelligence, and machine learning. Key players' strategic advancements significantly amplify the market.

With the rising prevalence of androgenic alopecia and the increasing amount of autoimmune diseases like Lupus (SLE), the National Institute of Health (NIH) reported an incidence of SLE between 3.7 and 49.0%. Women aged 30 to 50 are almost four times more susceptible to Hashimoto's disease compared to men. The frequency of the condition in females can range from 4.8% to 25.8%, whereas in males it can vary from 0.9% to 7.9%, and chronic illnesses like alopecia Arata causing hair loss boost the market in North America. According to the American Academy of Dermatology Association, hair loss impacts approximately 80 million Americans, with 30 million being women and 50 million being men.

North America is an important market for hair restoration, fuelled by a sizable aging population, substantial disposable income, and an increasing focus on personal aesthetics. As per the data released by the National Institute of Health (NIH), a 53% prevalence of moderate or severe MAA in the 40-49 age group in the United States has been documented. Furthermore, advanced healthcare infrastructure, a well-established cosmetic industry, and a high rate of hair loss problems. Such aspects contribute to market growth in North America.

Europe is the second-largest key region, with an aging population, increasing awareness about cosmetic procedures, and advancements in technology contributing to market growth. ANOVA IRM,  the leading key player in Germany, offers stem cell therapy for hair transplantation, which provides the stem cell secretome of ANOVAs, which is comprised of all growth factors, cytokines, and extracellular vesicles that are discharged by stem cells, which includes microvesicles and exosomes and promotes skin renewal and hair development.

The hair restoration market in Asia and the Pacific Countries like China, India, Japan, South Korea, and others comprise a considerable portion of the global population in the Asia-Pacific region; thus, a rising population means there are a considerable number of potential customers looking for hair restoration options. Moreover, an increase in disposable income is on the rise among middle-class individuals in several Asia-Pacific countries owing to economic growth. Consequently, a larger number of people are able to pay for optional treatments such as hair transplantation, triggering an increase in market demand.

The report provides a detailed overview of the hair restoration market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for hair restoration market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the hair restoration market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the hair restoration market. Some key country and region included in the hair restoration market report as follows:

• Hair restoration market detailed segments and segment-wise market breakdown
• Hair restoration market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in hair restoration industry)
• Current, historical and forthcoming 10 years market valuation in terms of hair restoration market size (US$ Mn), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Hair restoration market demand analysis
• Hair restoration market regional insights with region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in hair restoration market
• Regulatory landscape by key regions and key countries
• Hair restoration market sales and distribution strategies
• A comprehensive overview of parent market
• A detailed viewpoint on hair restoration market forecast by countries
• Mergers and acquisitions in hair restoration market
• Essential information to enhance market position
• Robust research methodology