PUBLISHER: Grand View Research | PRODUCT CODE: 1493208
PUBLISHER: Grand View Research | PRODUCT CODE: 1493208
The global hair restoration market size is expected to reach USD 18.67 billion by 2030, expanding at a CAGR of 16.6%, according to a new report by Grand View Research, Inc. This growth is driven by various factors, including the increasing prevalence of hair loss disorders like androgenetic alopecia, which is prompting more individuals to seek hair restoration treatments. Lifestyle factors such as stress, poor nutrition, and environmental pollution are also contributing to hair loss, further fueling market growth. Moreover, the growing aging population worldwide is a major driver, as aging is often associated with hair thinning and loss, leading to a higher demand for hair restoration procedures.
Recent advancements in technology and treatment options are also driving market growth. For instance, the introduction of innovative techniques like follicular unit extraction (FUE) and robotic hair transplant procedures has improved the efficiency and outcomes of hair restoration treatments, attracting more patients. Additionally, the increasing acceptance and adoption of minimally invasive procedures for hair restoration, such as PRP therapy and low-level laser therapy (LLLT), are contributing to market growth.
Companies are also launching new and advanced products to meet the growing demand for hair restoration solutions. For instance, HermestHair Clinic (HHC) in Turkey recently introduced a cost-effective and unique FUE method for hair transplants, providing patients with a more affordable option for hair restoration procedures. These factors, combined with rising disposable incomes and a growing focus on personal appearance and grooming, are expected to continue driving significant growth in the market in the coming years.