Market Challenges And Opportunities
Global Hair Transplant System Market- Drivers
- Increasing baldness in men: Balding and hair loss have become serious issues among men globally in recent years. For instance, according to the data published by the Frontiers on July 14, 2022, incidence of alopecia increased by globally by 49.14%, and 49.51%.
- Advancement in hair transplantation methods: Advancements in hair transplantation methods are significantly contributing to the growth of the global hair transplant system market. With technological advancements, minimally-invasive techniques such as follicular unit extraction (FUE) and follicular unit transplantation (FUT) became popular methods for restoring natural-looking hairlines and coverage areas. In these techniques, single hair follicles or a group of hair follicles are extracted and implanted, thereby allowing natural regeneration of transplanted hairs without causing significant damage to existing hair follicles.
Global Hair Transplant System Market- Opportunities
- Rising geriatric population: Increasing geriatric population globally is expected to drive the market growth over the forecast period. For instance, according to the data published by World Health Organization (WHO), on October 1, 2022, in 2050, 80% of older people will be living in low- and middle-income countries.
Global Hair Transplant System Market - Restraints
- High production cost associated with hair transplant systems: The high cost that is associated with hair transplant procedures has been a major limiting factor for the growth of the global hair transplant system market. Hair transplant is a medical procedure that involves surgically transplanting hair follicles to balding or bald sections of the scalp. While it is considered an effective treatment for permanent hair regrowth, the procedures are quite expensive.
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