Global Hair Restoration Services Market (2019-2025)

NAVI MUMBAI, India - Dec. 5, 2019 - PRLog -- The Global Hair Restoration Services Market (https://www.bharatbook.com/marketreports/global-hair-restoration-services-market-2019-2025-/1872565) size is expected to reach $11.9 billion by 2025, rising at a market growth of 5.4% CAGR during the forecast period (2019-2025). Hair Restoration Services has become a popular surgical procedure for the treatment of baldness or hair loss (alopecia). This cosmetic surgery is conducted on men and women who suffer extreme thinning hair, hair loss, or bald spots. Hair loss and baldness are common in males, primarily due to genetic factors and age.

The increasing rate of patients suffering from alopecia is a major factor that is boosting the demand for Hair Restoration Services service market. As stated by the International Society of Hair Restoration Services Surgery, over one million hair transplant surgeries have been performed in 2014, across the globe. The study also stated that among the total surgeries performed, 89% were conducted on the scalp area and 11% were targeted in the non-scalp areas. Furthermore, 87.3% of surgical patients were males, whereas 13.4% of patients were females.

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The major market players competing in the Hair Restoration Services market are Direct Hair Implantation International, Bosley Inc., iGrow Laser, Elite Hair Restoration Services, NeoGraft, National Hair Centers, Lexington Intl., Bernstein Medical, LLC, and Cole Hair Transplant Group. The market players are adopting progressive strategies to leverage the opportunities of the market. Companies are focusing on innovative strategies to compete in the market space.

For example, Dr. U Devices Inc. came into a partnership with Mamba Instruments S. A. In November 2018, Dr. U Devices Inc. the developer of Dr. UGraft Revolution Hair Transplant System came into a partnership and license agreement with South America's popular hair transplant surgeon who is also the founder of Mamba Instruments S.A. HairMax introduced ACCELER8™ Hair Booster + Nutrients in December 2018. It is a bioactive treatment to protect patients from hair loss.

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