The key factors propelling the growth of the Hair Restoration market are the increasing popularity of hair transplants and increasing prevalence of various forms of dermatological disorders.

According to the survey conducted by the International Society of Hair Restoration Surgery in 2017, approximately 133,136 individuals had performed the hair restoration procedure in the United States. In Europe, around 79,513 people had done the same and 195,284 people went for the procedure in Asia-Pacific. This data indicates that a large number of people are going for hair restoration procedures across the world. This is resulting in the growth of the hair restoration services market worldwide.

Key Market Trends

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Scalp Accounts for the Largest Market Share in the Recipient Area Segment

The scalp segment of the hair restoration market is expected to have the largest market size over the forecast period. Men suffering from pattern baldness, women with thinning hair and victims of scalp or burn injury generally opt for hair transplant.

According to the survey conducted by the International Society of Hair Restoration Surgery (ISHR) in 2017, scalp was the most common donor harvest site (93.7%), followed by beard (6.4%) and chest (3.2%). Due to the rising hair loss problem across the world and increasing awareness of people about their appearance, the demand for scalp hair treatment has been increased. The ISHR has stated that scalp treatment is the most common hair restoration treatment. Hence, a considerable amount of revenue is being generated by the scalp hair restoration procedure.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is considered as one of the dominant regions in hair restoration market, with presence of large target population. People ageing between 30 and 60 years witness such hair loss problems. According to the National Alopecia Areata Foundation, in 2018, nearly 6.8 million people in the U.S. were affected by alopecia areata with a calculated lifetime risk of 2.1%. In the same year, around 2.4 million people visited clinics and hospitals for their treatment.

Growing celebrity and media influences, increasing awareness regarding one’s appearance, peer pressure, societal pressure, growing urbanization, high income, and growing word of mouth are the potential drivers for the North American hair restoration services market growth.

Competitive Landscape

The hair restoration services market is highly competitive. With technological advancements, some mid-size to smaller companies are increasing their market presence by introducing new products at low prices. Some of the major players for this market are Restoration Robotics, Venus Concept, Igrow, and Theradome.

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Popularity of Hair Transplants
4.2.2 Increasing Prevalence of Various Forms of Dermatological Disorders leading to Hair Loss
4.3 Market Restraints
4.3.1 Cost Constraints
4.3.2 High Post-surgery Care along with Adverse Side Effects
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Recipient Area
5.1.1 Scalp
5.1.2 Non-scalp
5.2 By Treatment
5.2.1 Follicular Unit Extraction (FUE)
5.2.2 Follicular Unit Transplant (FUT)
5.2.3 Laser Therapy
5.2.4 Stem Cell Therapy
5.2.5 Others
5.3 By End User
5.3.1 Hospitals
5.3.2 Clinics
5.3.3 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East & Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East & Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Restoration Robotics
6.1.2 Venus Concept
6.1.3 Igrow
6.1.4 NovaGenix
6.1.5 Theradome
6.1.6 llumiflow
6.1.7 Lexington Intl., LLC

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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