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Hair Restoration Market 2022 Overview by Industry Size, Top Trends, Drivers, Growth and Forecast to 2028-Allergan, Alma Lasers, Beiersdorf, Cynosure

The Global Hair Restoration market exhibits comprehensive information that is a valuable source of insightful data for business strategists during 2022-2028. On the basis of historical data, the market report provides key segments and their sub-segments, revenue, and demand & supply data. Considering technological breakthroughs in the market Hair Restoration industry is likely to appear as a commendable platform for emerging market investors.

The Hair Restoration Market is expected to register a CAGR of 5.7% over the forecast period 2022 – 2028.

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Market Overview:

The rising popularity of hair transplants, as well as the rising prevalence of various dermatological disorders that cause hair loss, are driving the growth of the hair restoration market. According to a Hair Society report, over 35 million men and 21 million women worldwide suffer from alopecia or hair loss. Over 650,000 of them receive hair transplants as the most effective treatment option each year. The increased prevalence of hair loss in the population is the primary reason for the rise in hair transplantation surgery. According to the International Society of Hair Restoration Surgery (ISHRS), 735,312 hair restoration procedures were performed globally in 2019.

Top companies operating in the Global Hair Restoration market profiled in the report are:

Allergan, Alma Lasers, Beiersdorf, Cynosure, L’Oreal, Lumenis, Solta Medical, PhotoMedex, RIKEN, Dual Life, Reversal Advanced Hair Treatment, Milla Marie, Stemson.

Industry News:

Stemson obtains $7.5 million in seed funding to advance hair regeneration therapy for hair loss.

16th of September, 2020–Stemson Therapeutics has announced a $7.5 million seed financing led by Allergan Aesthetics, an AbbVie Company, and impact investor Fortunis Capital to advance development of the company’s therapeutic solution for hair loss. Stemson’s goal is to restore human hair growth through a novel approach that uses the patient’s own cells to generate new hair follicles.

By the product type, the Hair Restoration market is primarily split into:

  • Follicular Unit Extraction
  • Follicular Unit Transplantation

By the end-users/application, this Hair Restoration market report covers the following segments:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

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Market Trends:

The hair restoration services industry has seen new trends and innovations over the years, resulting in more profitable and efficient services. For example, the ARTAS robotic procedure is a new technology being developed in collaboration with leading hair transplant physicians and researchers. The system employs cutting-edge robotic technology to assist physicians with difficult, manual methods that necessitate repetitive and precise movements, increasing the risk of human error. Hair cloning is another new procedure that is gaining popularity in the market for hair restoration services. Hair cloning is a cell therapy that produces an effective, minimally invasive hair growth method that does not require post-surgery maintenance.

The increasing prevalence of androgenetic alopecia is the primary driver of the market. Lifestyle changes, such as excessive consumption of tobacco and alcohol, and rising stress levels, are thought to be strong triggers for the disease. Though the exact cause of the disease is unknown, genetic factors have been linked to several cases. Furthermore, other factors such as rising disposable income and a focus on aesthetics are expected to drive the market.

The market is dominated by North America, and a similar trend is expected during the forecast period.
North America has the largest market share in the hair restoration market due to the presence of a large target population base. According to the International Society of Hair Restoration Surgery, the United States/Canada accounted for 182,025 surgical hair restoration procedures in 2019, compared to 140,991 surgical hair restoration procedures in 2016. This data shows a 29 percent increase in surgical procedures from 2016 to 2019, as well as an increase in North American population acceptance of the hair restoration procedure.

Geographical Analysis for Hair Restoration Market:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Research Methodology:

All the data presented in the report from valuation to revenue, drivers, growth areas of the Hair Restoration market, etc., is aided by thorough research from press releases, announcements by companies, news updates, reports from company websites, government verified websites, research publications, articles by researchers, etc. All this data is scanned thoroughly by analysts in the company and the summary and collaterals are presented in the report precisely.

Key takeaways from the report:

  • The report provides drivers, restraints, challenges, and growth points of the Hair Restoration market and how the market can be grown from 2022-to 2028.
  • The report helps in figuring out the impact of covid-19 on the Hair Restoration market and what measures can be taken for its development.
  • The Hair Restoration market players are assisted from the report for investing in the right product or application from the market.
  • The report also mentions applications, product offerings, types, key marketing trends of the Hair Restoration

Reasons for Purchasing This Report: –

  • It provides a thorough evaluation of each region in order to identify Hair Restoration market opportunities.
  • Master the art of evaluating your presentation in comparison to the competitors.
  • The research provides detailed statistics on a global, regional, and market-by-market basis.
  • By increasing the Hair Restoration market’s size, the investigation also understands the structure of the elements.
  • The business research elucidates the complete business industry in greater depth.
  • Every sector of the industry keeps an eye on how the market is presented.

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