Follicular Unit Strip Surgery (FUSS) is preferred over all other transplant procedures in the global hair transplant services market
The global hair transplant services market is witnessing a rise in its demand. The market is segmented into three major transplant procedures like scalp reduction, follicular unit strip surgery and follicular unit extraction. In Follicular Unit Strip Surgery a large strip of hair follicles of donor tissue can be extracted from the back of the head/scalp (specifically, the occipital area) and trimmed into individual follicular unit grafts and re-implanted in the required bald area. Follicular Unit Extraction method is developed after FUSS method in which grafts are manually collected from the donor area by using punches and re-implanted in the recipient area. In this method each follicular unit graft can be directly removed from the back of the scalp without a strip of tissue being removed. FUE method is a painless method and does not consist any stiches or cuts, permanent visible scarring or unnecessary discomfort. Scalp reduction method is only used in severe alopecia cases or traumatic burn conditions.
Among these procedures, Follicular Unit Strip Surgery (FUSS) leads the market with an expected market size of over US$ 5,200 Mn by the end of 2025, growing at a CAGR of 7.1% during the forecast period. Follicular Unit Extraction (FUE) is also expected to be an attractive segment witnessing a growth rate of 6.2% during the forecast period. The technology for FUE has evolved significantly since it was first introduced and the quality of the service has substantially improved.
Hair care centers focusing on innovations in order to boost sales
Rising consumer emphasis on physical appearance has led hair care centers to widen the sales of hair transplant. Advertising strategies for hair care by hair care centers vary according to their targeted audience. For example, a highly differentiated hair salons can do well to place an advertisement in mediums such as newspapers and magazine, and on television. Manufacturers are increasingly focusing on third-party certification in order to gain customers’ trust towards brands. Looking at the demand for hair loss treatment products, many pharmaceuticals and cosmetics manufacturers are improving their product line and adding anti hair fall products. Manufacturers of hair loss treatment solutions are increasingly focusing on providing hair loss solutions (with both functional and active ingredients) with multifunctional effects. Also, such innovations by leading hair care manufacturers have become a necessity in the market.
Side effects of hair loss treatment products, affects the brand image and can hinder future growth of global hair transplant services market
The increase in hair transplant procedures taking place, has also increased the concerns of people regarding its side effects. Several medicines were reported having side-effects on people. In March 2015, consumer-rights law firm Hagens Berman filed a lawsuit, alleging hair loss drug Propecia, which contain the active ingredient Finasteride, manufactured by Merck and Co Inc., induces serious side effects, resulting in depression, followed by suicide ideation. In addition, the medicine has reportedly caused serious effects, including permanent sexual dysfunction. As of December 31, 2013, approximately 1,140 lawsuits have been filed against Merck, alleging persistent sexual side effects following cessation of treatment with Propecia. In addition, approximately 20 of the plaintiffs allege that Propecia has caused prostate cancer or male breast cancer. Such reports may result in a negative impact on the global hair transplant services market growth.
The comprehensive research report on global hair transplant services market supports the reader by assisting him in slating and compiling all possible strategies in order to maintain the correct rhythm with the changing dynamics of the market in the present as well as few years down the line.
In-depth analysis at your doorstep
The research report on the global hair transplant services market focuses on the major trends, restraints, opportunities, threats, challenges, growth drivers, etc., across important geographies of North America, Europe, Latin America, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA). It presents an unbiased view of the entire market by putting forth a realistic picture considering all angles including end user and competition across the globe. It becomes imperative to present statistical data in the research report in a logical format to understand the pulse flowing through the market. Moreover, deep diving in the segments involved along with following a strong data mining process enables to sketch the possible future market direction and a complete scenario of the global hair transplant services market with valuable insights and expert opinions that can deliver need based solutions. The research on the global hair transplant services market is carried out keeping a predefined purpose having clarity about the market, and involves appropriate statistical data based on a predefined market definition.
Persistence Market Research follows a strong research methodology
Secondary research is carried out extensively in the initial phase of the research process. This research helps the analysts to sketch a rough figure of the overall market and get an understanding of the market scenario covering all the angles of the market. Additionally, an extensive primary research is carried out and opinions from the key industry experts, market observers, etc. are obtained. The data obtained from these three arms is triangulated to obtain single data point with maximum accuracy. The data so gathered also undergoes re-evaluation during the primary interviews, wherein each data point is cross checked several times. This research process enhances the credibility of the researched material which enables the reader to make decisions from the actionable insights given in the study.
The research report on global hair transplant services market covers a detailed segmentation with the help of which several inferences about the market growth, regional scenario, sub segment breakdown, etc., can be drawn.
Based on Procedures
Based on End Users
Based on Region
Detailed competition dashboard presents insights on the current market structure
The research report also includes a separate section focusing on the key players within the market. This section, called competitive analysis, uncovers all the major facts about the key companies involved in the activities pertaining to the global hair transplant services market. Their product portfolio analysis, pricing strategies, marketing strategies, promotion tactics, expansion plans, geographical spread, recent developments and innovations, mergers and acquisitions, key strategies, revenue, market shares, and other financials are discussed which can give the reader a broad idea about the happenings of the respective company in this market based on which next moves can be planned. The companies included in this section are those which have enormous hold on the market and studying their tactics can help the upcoming players to move up the ladder uncovering their new milestones.