United States Hair Transplant Procedure Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 22.49% from 2023 to 2033
• The United States Hair Transplant Procedure Market Size is Expected to hold a significant share by 2033

The United States Hair Transplant Procedure Market is anticipated to hold a significant share by 2033, growing at a CAGR of 22.49% from 2023 to 2033.

Market Overview

In hair transplant operations, hair follicles are surgically transplanted from a donor site to a recipient site, which might be an area where thinning hair or baldness is present. Restoring hair density and enhancing the patient's overall look are the main goals of these operations. For hair transplantation, follicular unit transplantation (FUT) and follicular unit extraction (FUE) are the two most widely utilized methods. One of the main contributing causes is the rising incidence of hair loss and rising costs for cosmetic treatment. Moreover, the number of surgeries performed in the United States is increasing due to breakthroughs in hair implants and rising knowledge and acceptability. The International Society of Hair Restoration Surgery estimates that 21 million women and 35 million men in the US experience some form of hair loss, respectively. Therefore, throughout the projection period, the increasing prevalence of hair loss would greatly increase the need for transplant procedures, supporting market expansion. One of the newest trends is the integration of innovative technologies. For example, the most important technology in the United States is robotic hair transplantation. The technology is related to the Follicular Unit Extraction process, wherein recipient site formation and follicular unit graft harvesting are automated by a robotic device. Automation permits the preservation of the greatest number of follicles while assisting surgeons in carrying out subsequent procedures with accuracy. It is a minimally invasive method that harvests healthy grafts using robotic accuracy and digital imaging. Such developments in technology will support the expansion of the hair transplant operation business.

Report Coverage

This research report categorizes the market for the United States hair transplant procedure market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the hair transplant procedure market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the hair transplant procedure market.

Driving Factors

According to statistics from the International Society of Hair Restoration Surgery, each year in the United States, approximately 35 million men and 21 million women experience hair loss problems. The increasing number of persons experiencing hair loss has led to significant advancements in hair transplantation. For instance, the efficacy of the therapy has grown with increased utilization of follicular hair transplantation (FUT) and follicular unit extraction (FUE) procedures. Furthermore, the surgeries are quick, the patients have little to no discomfort, and the scarring is less obvious. Therefore, it is anticipated that throughout the forecast period, the increased purchasing power of people and the prevalence of baldness will contribute to the growth of the U.S. market for hair transplant procedures.

Restraining Factors

The entire expense of the process is one of the main deterrents for people considering hair transplantation. The cost of the surgery is determined by a variety of factors, including the amount of hair to be transplanted, the type of procedure (FUE versus FUT), the surgeon's skill level, and the cost of living in the location.

Market Segmentation

The United States hair transplant procedure market share is classified into type and age group.

• The follicular unit extraction (FUE) segment is witnessing significant growth over the forecast period.   

The United States hair transplant procedure market is segmented by type into follicular hair transplantation (FUT) and follicular unit extraction (FUE). Among them, the follicular unit extraction (FUE) segment is witnessing significant growth over the forecast period. FUE is a hair transplantation process that gives patients with thinning hair a naturally thicker-looking hairstyle. Follicle extraction (FUE) treatments do not necessitate the removal of a donor strip of the scalp in cases of more invasive techniques like follicular unit transplantation (FUT) to harvest individual follicles. Cutting-edge techniques like the Neograft automated FUE process or the ARTAS system speed up treatments and reduce errors. Therefore, the segment's dominating share can be attributed to the previously mentioned factors.

• The 55 & above segment dominates the market with the largest market share over the predicted period.

The United States hair transplant procedure market is segmented by age group into 20-29, 30-39, 40-54, and 55 & above. Among them, the 55 and above segment dominates the market with the largest market share over the predicted period. The main factor stimulating growth is the rising rate of hair loss in both genders over the age of fifty-five. For example, according to a Bosley - Hair Restoration & Transplant article, by the age of 50, 50% of men had visible hair loss by the age of 60, and almost two-thirds of men were bald or had a balding pattern.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States hair transplant procedure market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cole Instruments Inc.
• CAPILLUS Inc.
• LaserCap Company
• Apira Science
• THERADOME
• Venus Concept Company
• Restoration Robotics, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2020, As the company gets ready to move its lead program into Phase 3 development after a successful safety and efficacy optimization study for the treatment of hair loss in male androgenetic alopecia was announced in December 2019, Follica, Inc. announced positive feedback from a meeting with the U.S. Food and Drug Administration (FDA).

Market Segment

This study forecasts revenue at United States, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Hair Transplant Procedure Market based on the below-mentioned segments:

United States Hair Transplant Procedure Market, By Type

• Follicular Hair Transplantation (FUT)
• Follicular Unit Extraction (FUE))

United States Hair Transplant Procedure Market, By Age Group

• 20-29
• 30-39
• 40-54
• 55 & Above