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Hair Restoration Services Market

Hair Restoration Services Market

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According to many Market Experts, the Hair Restoration Services Market is expected to register a CAGR of about 20% during the forecast period (2018-2023)

Major Vendors – ALLERGAN, PLC, ALMA LASER, BEIERSDORF AG, CYNOSURE INC., L’OREAL SA, LUMENIS, PERSON

Market Analysis:

Asia-Pacific is expected to register the Highest CAGR

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 Asia-Pacific hair restoration services market.

North America, followed by Europe holds the highest market share.

According to the 2015 hair restoration practice census carried out by International Society of Hair Restoration Surgery (ISHRS), the popularity of hair transplantation, as a treatment for hair loss, is growing. The hair restoration service is a procedure in which the hair is moved from the back and/or sides of the scalp, where the hair is permanent (donor area), to the areas that are thinning or bald on the front, top, or crown of the scalp (recipient area).

Once transplanted, the hair is likely to grow forever.

This growing popularity is expected to trigger a high growth rate for the market. Moreover, the increasing prevalence of various forms of dermatologic disorders is driving the market. The need for a constant post-surgical care, along with the side effects, and cost constraints are the major factors restraining the global hair restoration services market.

Market Segments:

Hair Restoration Services Market is segmented by:

1. Recipient Area: Scalp, Non-Scalp

2. Technology: Follicular Unit Extraction (FUE), Follicular Unit Transplant (FUT), Phototherapy

3. Therapy: Laser cap, Revage Laser System, Theradome LH80 PRO, iGrow Hair Growth System

4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market

• February 2018 – Venus Concept acquired NeoGraft Solutions.

Enquiry before Buying @ marketprognosis.com/enquiry/16814

About Market Prognosis

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.

We help our clients identify the best market insights and analysis required for their business thus enabling them to take a strategic and intelligent decision.

We believe in delivering actionable insights for your business growth and success.

According to many Market Experts the Hair Restoration Services Market is expected to register a CAGR of about 20% during the forecast period (2018-2023)

 

Source

Previous Posts

Hair Restoration Services Market

Hair Restoration Services Market

/in /by

According to many Market Experts, the Hair Restoration Services Market is expected to register a CAGR of about 20% during the forecast period (2018-2023)

Major Vendors – ALLERGAN, PLC, ALMA LASER, BEIERSDORF AG, CYNOSURE INC., L’OREAL SA, LUMENIS, PERSON

Market Analysis:

Asia-Pacific is expected to register the Highest CAGR

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 Asia-Pacific hair restoration services market.

North America, followed by Europe holds the highest market share.

According to the 2015 hair restoration practice census carried out by International Society of Hair Restoration Surgery (ISHRS), the popularity of hair transplantation, as a treatment for hair loss, is growing. The hair restoration service is a procedure in which the hair is moved from the back and/or sides of the scalp, where the hair is permanent (donor area), to the areas that are thinning or bald on the front, top, or crown of the scalp (recipient area).

Once transplanted, the hair is likely to grow forever.

This growing popularity is expected to trigger a high growth rate for the market. Moreover, the increasing prevalence of various forms of dermatologic disorders is driving the market. The need for a constant post-surgical care, along with the side effects, and cost constraints are the major factors restraining the global hair restoration services market.

Market Segments:

Hair Restoration Services Market is segmented by:

1. Recipient Area: Scalp, Non-Scalp

2. Technology: Follicular Unit Extraction (FUE), Follicular Unit Transplant (FUT), Phototherapy

3. Therapy: Laser cap, Revage Laser System, Theradome LH80 PRO, iGrow Hair Growth System

4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market

• February 2018 – Venus Concept acquired NeoGraft Solutions.

Enquiry before Buying @ marketprognosis.com/enquiry/16814

About Market Prognosis

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.

We help our clients identify the best market insights and analysis required for their business thus enabling them to take a strategic and intelligent decision.

We believe in delivering actionable insights for your business growth and success.

According to many Market Experts the Hair Restoration Services Market is expected to register a CAGR of about 20% during the forecast period (2018-2023)

 

Source

Previous Posts

Atlanta Hair Restoration Center Wins "Best of 2017

Disruptive Technology In Hair Restoration Therapy

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Restoration Robotics: Disruptive Technology In Hair Restoration Therapy

Summary

Medical technology with the potential to change the hair transplant industry, founded by a co-founder and first CEO of Intuitive Surgical.

Multibillion-dollar market with little competition.

The razor/razor blade model creates a sustained revenue growth engine.

With increased ease of treatment and competition, prices for hair transplants could decline, further expanding the market.

Restoration Robotics has commercialized a robotic therapy that reduces the workload of hair transplant physicians who perform follicular unit extraction (FUE).

The ARTAS System was cleared for marketing by the US FDA in 2011, and has been slowly building a potential juggernaut in the unique field of hair restoration therapy.

The ARTAS System currently assists in the extraction of the follicle and the preparation of the implant sites. HAIR is currently working on technology to also assist with the implantation of the hair follicles.

Once that additional functionality is added to the system, the robot will truly have the potential to transform the industry and fundamentally shift the field of hair transplant therapy.

a world leader in Hair Transplant technology, Hair Restoration surgery and Hair Transplant clinical research as well as inventing ARTAS® Robotic Hair Transplant technologies

Market

The overall market for hair restoration is approximately 35 million men in the US, the 11% have male pattern baldness.

Applying the 11% ratio across the world, one could imagine a potential total market of 300 to 400 million men. Obviously, the number of men who decide to take surgical action will be much lower.

According to the International Society of Hair Restoration Surgery (ISHRS), there were 133,136 hair restoration procedures performed in 2016 in the US, representing only 0.4% of the addressable US market (Source: 2017 ISHRS Practice Census Survey). Worldwide, there were over 600,000 procedures performed.

In 2004, FUE represented less than 10% of procedures. The more common surgical approach was follicular unit transplantation (FUT), also known a strip surgery because the doctor removes a ½ inch by 8 inch strip from the back of a patient’s head and then used that strip as a source of follicles to transplant into the baldness area. In 2014, FUE increased to 49% of procedures.

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