How Has the Hair Restoration Market Evolved Historically and What is its Current Size?
The hair restoration market has seen considerable growth due to a variety of factors.
• The hair restoration market has shown rapid growth in recent years. It will increase from $6.58 billion in 2024 to $7.39 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.3%.
The growth is due to growing awareness, technological advancements, an aging population, lifestyle changes, regulatory approvals, cosmetic preferences, and the rise of medical tourism.
What Is The Projected Growth Of The Hair Restoration Template Market?
The hair restoration market is expected to maintain its strong growth trajectory in upcoming years.
• The hair restoration market is expected to grow rapidly, reaching $11.65 billion by 2029 at a CAGR of 12.0%.
This growth is attributed to personalized medicine, increased disposable income, and digital health integration. Trends include regenerative therapies, non-invasive treatments, telemedicine, and sustainable practices in hair restoration.
What Are The Key Drivers Fueling Growth In The Hair Restoration Market?
The increasing popularity of minimally invasive procedures is expected to drive the growth of the hair restoration market. Minimally invasive procedures, which offer quicker recovery times and less discomfort, are gaining popularity in medical treatments. Modern hair restoration methods, such as follicular unit extraction, use minimal incisions for natural-looking results. For example, The Aesthetic Society reported in August 2023 that Americans spent over $11.8 billion on aesthetic procedures, up 2% from the previous year. Therefore, the popularity of minimally invasive procedures is expected to drive the hair restoration market.
What Are The Principal Market Segments In The Global Hair Restoration Industry?
The hair restoration market covered in this report is segmented –
1) By Procedure: Follicular Unit Extraction, Follicular Unit Transplantation
2) By Therapy: Low-Level Laser Therapy (LLLT), Stem Cell Hair Restoration, Platelet-Rich Plasma
3) By Gender: Male, Female
Subsegments
1) By Follicular Unit Extraction (FUE): Manual FUE, Automated FUE, Robotic FUE
2) By Follicular Unit Transplantation (FUT): Strip Harvesting, Non-strip Harvesting
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What New Trends Are Influencing The Hair Restoration Market?
Leading businesses in the hair restoration market are spearheading the development of innovative regenerative medicine, such as scalp serums, that nourish the scalp, promote hair regeneration and counteract hair loss. A scalp serum is a unique topical concoction designed to enhance the well-being of both the scalp and hair follicles. For example, BioPhotas Inc., a firm focusing on medical equipment manufacturing, introduced the Restore Hair Serum in March 2024. The product, aimed at enhancing the functions of the Celluma Light Therapy device, provides a holistic solution to address hair loss. With a convenient dropper bottle packaging, the serum is a mix of peptides, vitamins, and plant-borne bionutrients. Key ingredients are recently, which nourishes hair follicle stem cells and reactivates growth; capital, a peptide that lessens DHT accumulation in the follicles, boosting hair binding and activity; and energy, a plant-derived protein technology that fortifies and detoxifies hair roots.
Who Are the Key Players In The Hair Restoration Market?
Major companies operating in the hair restoration market are:
• Pfizer Inc.
• Johnson And Johnson
• Merck And Co. Inc.
• AbbVie Inc.
• Eli Lilly and Company
• Shiseido Company Limited
• NeoGraft Solutions
• Bosley Inc.
• RiverTown Therapeutics Inc.
• Venus Concept Inc
• Advanced Hair Studio
• Samumed LLC
• Aclaris Therapeutics Inc.
• Bernstein Medical
• Capillus LLC
• Eclipse Aesthetics
• The Harley Street Hair Clinic
• TissUse GmbH
• Theradome Inc.
• Lexington International (HairMax)
• iRestore
• Kintor Pharmaceuticals Ltd.
• Cassiopea S.p.A.
• Replicel Life Sciences Inc.
• Stemson Therapeutics
• Theracell Advanced Biotechnology Ltd.
• New York Hair Restoration Centers
• National Hair Centers
• Follica Inc.
What Are The Regional Insights Into The Hair Restoration Market?
North America was the largest region in the hair restoration market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair restoration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
