Global hair transplant market projected to reach USD 110.06 billion by 2032 with CAGR of 21.99%.
From GlobeNewswire: 2025-05-19 09:35:00
The global Hair Transplant Market was valued at USD 18.43 billion in 2023, projected to reach USD 110.06 billion by 2032, with a CAGR of 21.99%. Factors include increased awareness of appearance, hereditary and lifestyle-related hair loss, and advanced grafting techniques. Demand for permanent hair transplant, particularly among the youth, also contributes to market growth.
In the US, the hair transplant market was worth USD 5.66 billion in 2023, growing at 7.5% and expected to reach USD 10.71 billion by 2032, with a CAGR of 7.67%. Factors driving growth include rising disposable income, awareness of appearance, and adoption of aesthetic treatments. Advancements in procedures like FUE and stem cell therapy are also driving market progress.
The increase in male pattern alopecia, advancements in hair transplantation techniques, and changing lifestyles have made hair transplants a popular cosmetic procedure worldwide. Improved accuracy, results, and recovery in procedures like FUE and FUT have led to increased demand, aided by social media influence and desire for a youthful appearance.
Men accounted for 74% of hair transplant consumers in 2023 due to high prevalence of androgenetic alopecia. Pressure to maintain a youthful appearance for social and professional reasons drives men to seek transplant procedures. The female segment is the fastest-growing market for hair transplants, indicating a shift in trend towards women undergoing these procedures for aesthetic reasons. Female hair loss is on the rise due to hormone imbalances, post-pregnancy thinning, and traction alopecia. Advancements in technology, including less invasive hair restoration solutions, are gaining popularity among women. Asia Pacific leads in the global hair transplant market, with countries like India and South Korea emerging as medical tourism hubs. North America sees rapid growth due to FDA-approved treatments and increased aesthetic focus.
Recent developments in the hair transplant market include Stemson Therapeutics partnering with Aderans Company for new hair generation therapies and Hair Science Institute in the Netherlands launching an improved Hair Stem Cell Transplantation method. The market segmentation includes procedures like Follicular Unit Transplantation and providers such as hospitals and dermatology clinics. Custom research on the market is available for further insights.
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