Hair Transplant Instruments Market: Introduction
Hair transplantation is the most widely performed esthetic surgical procedure. It is the only alternative method to recover hair loss in some hair diseases such as genetic hair loss or cicatricle alopecia. Hair loss is among the most common dermatologic condition. It is considered a benign condition. It has cosmetic consequences and could be a source of major distress in a number of patients. Hair transplantation can be performed in secondary or stable cicatricial alopecia depending on the characteristics of the scar and according to the adequate donor site. Hair transplantation is a procedure that is possible under local anesthesia. Follicular unit transplantation (FUT) has transformed hair transplantation from a cosmetically unpredictable procedure to one that can produce consistently natural results. The key to its effectiveness lies in the fact that scalp hair tends to grow in tiny bundles, called follicular units.
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Key Drivers of Global Hair Transplant Instruments Market
Rise in Number of Surgical Hair Transplant Procedures
In normal human beings, the total number of scalp hair is 100,000 or more. Hair grows at the rate of 1 cm to 2 cm every month. The duration of the anagen phase is 2 years to 4 years, while that of the telogen phase is 100 days. Approximately 40 to 100 hairs are shed daily; this rate increases in late summer and early autumn, and decreases in late winter or early spring, due to the effects of temperature. An autosomal dominant genetic linkage is believed to cause hair loss. Male pattern baldness could begin in the teens, and becomes more common with age. It is known that the male hormone, testosterone, gets converted to another male hormone, 5-dihydroxytestosterone (5-DHT), in the hair follicles.
Increase in Geriatric Population
The world’s older population continues to grow at an unprecedented rate. Presently, 8.5% of people across the world i.e., 617 million, are aged 65 and over. According to a new report, An Aging World: 2015, the percentage is projected to increase to nearly 17% of the world’s population by 2050 i.e., 1.6 billion. According to the National Institutes of Health, the U.S.’s 65-and-over population is anticipated to nearly double in the next three decades, from 48 million to 88 million by 2050. The global population of the oldest old people aged 80 and older is expected to more than triple between 2015 and 2050, increasing from 126.5 million to 446.6 million. The oldest old population in some countries in Asia and Latin America is likely to quadruple by 2050.
North America to Account for Major Share of Global Hair Transplant Instruments Market
- North America is projected to account for major share of the global hair transplant instruments market during the forecast period. The market in North America is anticipated to grow at a rapid pace in the near future, primarily due to developed health care infrastructure and continuous research activities in developing advanced technologies.
- The hair transplant instruments market in Asia Pacific is expected to expand at a high CAGR during the forecast period. This can be attributed to rise in trend of preventive health care measures in the region.
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Key Players Operating in Global Market
The global hair transplant instruments market is highly consolidated, due to presence of small number of key players. Several manufacturers hold major share in the market in their respective regions. Leading players operating in the global hair transplant instruments market are:
- Bernstein Medical
- Ethics Hair Instruments
- Restoration Robotics
Global Hair Transplant Instruments Market: Research Scope
Global Hair Transplant Instruments Market, by Type
- Follicular Unit Transplantation (FUT)
- Follicular Unit Extraction (FUE)
Global Hair Transplant Instruments Market, by Site of Transplant
Global Hair Transplant Instruments Market, by Therapy
- Platelet Rich Plasma
- Ravage 670 Laser
- Laser Cap
Global Hair Transplant Instruments Market, by End-user
Global Hair Transplant Instruments Market, by Region
- North America
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.