Hair Restoration Market Size To Reach $18.67 Billion By 2030

Hair Restoration Market Growth & Trends

The global hair restoration market size is expected to reach USD 18.67 billion by 2030, expanding at a CAGR of 16.6%, according to a new report by Grand View Research, Inc. This growth is driven by various factors, including the increasing prevalence of hair loss disorders like androgenetic alopecia, which is prompting more individuals to seek hair restoration treatments. Lifestyle factors such as stress, poor nutrition, and environmental pollution are also contributing to hair loss, further fueling market growth. Moreover, the growing aging population worldwide is a major driver, as aging is often associated with hair thinning and loss, leading to a higher demand for hair restoration procedures.

Recent advancements in technology and treatment options are also driving market growth. For instance, the introduction of innovative techniques like follicular unit extraction (FUE) and robotic hair transplant procedures has improved the efficiency and outcomes of hair restoration treatments, attracting more patients. Additionally, the increasing acceptance and adoption of minimally invasive procedures for hair restoration, such as PRP therapy and low-level laser therapy (LLLT), are contributing to market growth.

Companies are also launching new and advanced products to meet the growing demand for hair restoration solutions. For instance, HermestHair Clinic (HHC) in Turkey recently introduced a cost-effective and unique FUE method for hair transplants, providing patients with a more affordable option for hair restoration procedures. These factors, combined with rising disposable incomes and a growing focus on personal appearance and grooming, are expected to continue driving significant growth in the market in the coming years.

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Hair Restoration Market Report Highlights

• Based on procedure, the Follicular Unit Extraction (FUE) technique emerged as the leading segment within the market, primarily due to its minimally invasive approach and the natural appearance of the results it produces. This has significantly increased its appeal among individuals seeking hair restoration solutions

• Based on therapy, the platelet-rich plasma segment dominated the market in 2023 due to the growing recognition of its effectiveness in promoting hair growth and improving hair density, leading to its widespread adoption in the market

• Asia Pacific region held the largest share in 2023 due to its large population, increasing disposable income, and growing awareness about hair restoration treatments, driving the demand for such procedures in the region

• Market players are implementing various strategic initiatives to enhance product reach and availability across different geographic regions

Hair Restoration Market Segmentation

Grand View Research has segmented the global hair restoration market based on procedure, therapy, and region:

Hair Restoration Procedure Outlook (Revenue, USD Million, 2018 - 2030)

• Follicular unit extraction

• Follicular unit transplantation

Hair Restoration Therapy Outlook (Revenue, USD Million, 2018 - 2030)

• low-level laser therapy (LLLT)

• Stem Cell hair restoration

• Platelet-Rich Plasma

Hair Restoration Region Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of key players in global Hair Restoration Market

• Bosley

• Fue Hair Transplant

• Hair Restoration Network

• New York Hair Restoration Centers

• Shapiro Medical Group

• The Harley Street Hair Clinic

• The Maitland Clinic (UK)

• Chung Hospital

• CS Hair Clinic