DUBLIN--(BUSINESS WIRE)--The "Hair Restoration Services Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The Hair Restoration Services Market is expected to register a CAGR of nearly 20% during the forecast period, 2019-2024.
The key factors propelling the growth of the hair restoration services 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
Scalp Accounts for the Largest Market Share in the Recipient Area Segment
The scalp segment of the hair restoration services market is expected to have the largest market size over the forecast period.
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
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. North America, followed by Europe and Asia-Pacific, holds the largest market share.
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 Allergan PLC, L'Oreal SA, Lumenis Inc., Beiersdorf AG, and Cynosure Inc.
Key Topics Covered
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
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
5 MARKET SEGMENTATION
5.1 By Recipient Area
22.214.171.124 Facial (Moustache/Beard)
126.96.36.199 Other Non-scalp Areas
5.2 By Technology
5.2.1 Follicular Unit Extraction (FUE)
5.2.2 Follicular Unit Transplant (FUT)
5.3 By Therapy
5.3.1 Laser Cap
5.3.2 Revage Laser System
5.3.3 Theradome LH80 PRO
5.3.4 iGrow Hair Growth System
5.4.1 North America
5.4.4 Middle East & Africa
5.4.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allergan PLC
6.1.2 Alma Lasers
6.1.3 Beiersdorf AG
6.1.4 Cynosure Inc.
6.1.5 L'Oreal S.A.
6.1.6 Lumenis Inc.
6.1.7 PhotoMedex Inc.
6.1.8 Solta Medical Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/research/z78tjz/global_hair?w=4