The global hair restoration market size accounted for USD 8,097 million in 2024 and is expected to exceed around USD 18,993 million by 2034, growing at a CAGR of 8.9% from 2024 to 2034.
The hair restoration market refers to the cosmetic surgery market that treats time hair loss and baldness, also known as alopecia in men and women. The market includes different types of treatments like Follicular unit extraction (FUE), follicular unit transplant (FUT), laser therapy, stem cell therapy, and other treatments. The demand for hair restoration is increasing due to the rise in the number of patients with alopecia and other hair-related disorders. The market growth is driven by increasing awareness of the treatment, growing spending of the people on their appearance, and growing emphasis on aesthetics.
The hair restoration market is expected to grow in the future due to an increase in the prevalence of hair fall, technological advancement in treatment techniques like FUT and FUE, an increase in spending income on physical appearance among the younger generation, change in the lifestyle of the people in terms of consumption of food which lead to baldness and hair related problems, etc. the key restraints that market growth will face in the future are high cost of treatment, lack of long term effect of treatment, and competitive market with many players.