The Global Hair Transplant Market is growing at a rapid pace. The global hair transplant market is expected to reach USD 23,881.9 million by 2023 from USD 4,128.1 in 2016 with a CAGR of 24 % for the forecasted period.
Hair transplant is a surgical procedure that moves hair follicles from one part of the body to another part of the body. Hair transplantation is chiefly used to treat the baldness in male and female. There are two types of procedures used in the process of hair transplantation namely Follicular Unit Transplantation (FUT) and Follicular Unit Extraction (FUE).
Number of surgical procedures, high success rate of treatment, increasing usage of high dosage drugs, and growing demand from emerging economies are major driving forces for the market.