In an image-conscious world, hair loss has become a significant concern for many people, fueling the growth of the hair restoration market. From technological advancements in surgical procedures to the increasing popularity of non-invasive therapies, the hair restoration industry has witnessed rapid evolution in recent years. In this article, we'll explore the latest trends in hair restoration and analyze the global market insights that drive this booming sector.
The Hair Restoration Market: An Overview
The global hair restoration market was valued at approximately USD 4.1 billion in 2019 and is projected to grow at a CAGR of 19.6% from 2021 to 2028 (1). This growth is attributed to factors such as the increasing prevalence of hair loss disorders, a growing geriatric population, technological advancements, and rising awareness about hair restoration treatments.
Key Trends in Hair Restoration
- Follicular Unit Extraction (FUE)
Follicular Unit Extraction (FUE) is a minimally invasive hair transplant technique that has gained significant popularity in recent years. In FUE, individual hair follicles are extracted from the donor area and transplanted to the recipient area, resulting in a natural-looking hairline and minimal scarring (2). The technique's precision, reduced recovery time, and superior cosmetic outcomes have contributed to its growing demand in the hair restoration market.
- Robotic Hair Restoration
The integration of robotics in hair restoration procedures has revolutionized the industry. The ARTAS Robotic System, for instance, uses advanced algorithms and computer-assisted technology to enhance the accuracy, efficiency, and consistency of FUE procedures (3). Robotic hair restoration has become increasingly popular due to its ability to minimize human error, reduce procedure time, and improve patient satisfaction.
- Platelet-Rich Plasma (PRP) Therapy
Platelet-rich plasma (PRP) therapy has emerged as a promising non-surgical treatment option for hair loss. In PRP therapy, a patient's blood is processed to isolate platelets, which are then injected into the scalp to stimulate hair growth by promoting cellular regeneration and blood circulation (4). The growing interest in non-invasive treatments and the reported efficacy of PRP therapy have contributed to its rising popularity in the hair restoration market.
- Stem Cell Therapy
Stem cell therapy is an innovative approach to hair restoration that leverages the regenerative potential of stem cells. Researchers are investigating the use of hair follicle-derived stem cells and adipose-derived stem cells to stimulate hair growth and potentially create new hair follicles (5). Although still in the early stages of development, stem cell therapy has garnered significant attention as a potential game-changer in the hair restoration industry.
- Home-Use Hair Growth Devices
The demand for home-use hair growth devices has increased in recent years, driven by consumers seeking convenient and non-invasive solutions to hair loss. These devices, such as laser combs and helmets, use low-level laser therapy (LLLT) to stimulate hair growth by increasing blood flow and cellular activity in the scalp (6). The expanding market for home-use hair growth devices reflects a growing trend towards self-care and personalized treatments in the hair restoration industry.
Global Market Insights
The hair restoration market is geographically diverse, with significant growth opportunities in various regions. North America held the largest market share in 2019, owing to the high prevalence of hair loss disorders, advanced healthcare infrastructure, and the early adoption of new technologies (7). The Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by factors such as a growing middle-class population, increasing disposable income, and rising awareness about hair restoration treatments (8).
The hair restoration industry has evolved significantly in recent years, with cutting-edge technologies and innovative treatments reshaping the landscape. The global market for hair restoration continues to grow, fueled by an increasing demand for effective solutions to hair loss and a greater emphasis on aesthetics and self-care. As research progresses and new treatments emerge, the hair restoration market is poised to maintain its upward trajectory, offering hope to millions of individuals affected by hair loss worldwide.
Grand View Research. (2020). Hair Restoration Services Market Size, Share & Trends Analysis Report By Service Type (Follicular Unit Extraction, Follicular Unit Transplantation), By Gender, By Region, And Segment Forecasts, 2021 - 2028. Retrieved from https://www.grandviewresearch.com/industry-analysis/hair-restoration-services-market
Harries, M. J., & Jimenez, F. (2019). Advances in hair restoration: An update. British Journal of Dermatology, 180(2), 237-243.
Bernstein, R. M., & Rassman, W. R. (2017). Robotic follicular unit graft selection. Dermatologic Surgery, 43(4), 575-577.
Gkini, M. A., Kouskoukis, A. E., Tripsianis, G., Rigopoulos, D., & Kouskoukis, K. (2014). Study of platelet-rich plasma injections in the treatment of androgenetic alopecia through an one-year period. Journal of Cutaneous and Aesthetic Surgery, 7(4), 213-219.
Gentile, P., Garcovich, S., & Scioli, M. G. (2020). Concise Review: The Use of Adipose-Derived Stem Cells (ASCs) and Platelet-Rich Plasma (PRP) in Hair Restoration. Stem Cells Translational Medicine, 9(5), 552-562.
Gupta, A. K., & Lyons, D. C. A. (2017). The Rise of Tattoos, Beards, and Home-Use Hair Loss Treatments. Dermatology and Therapy, 7(1), 1-9.
Zion Market Research. (2018). Hair Transplant Market by Procedure, by Surgery Type, and by End-User: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024. Retrieved from https://www.zionmarketresearch.com/report/hair-transplant-market
Allied Market Research. (2020). Hair Restoration Services Market by Service Type, Gender, and Service Provider: Global Opportunity Analysis and Industry Forecast, 2019-2026. Retrieved from https://www.alliedmarketresearch.com/hair-restoration-services-market