The Global Beard Transplant Market Size Is Expected
New York, Nov. 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Beard Transplant Market Size, Share & Industry Trends Analysis Report By Approach, By End User, By Service Provider, By Regional Outlook and Forecast , 2022 – 2028” – https://www.reportlinker.com/p06364358/?utm_source=GNW
These follicles are implanted on the face of the individual resulting in normal looking facial hair. Beard hair transplantation is a treatment that restores facial hair growth in areas where it is sparse or absent. This surgical method is applicable to the goatee, mustache, beard, sideburns and cheeks. Additionally, facial hair transplants are performed to conceal acne scars and other facial scars.
Depending on the amount of hair to be transplanted and the size of the area to be covered, the process usually takes between two and eight hours and takes place under moderate sedation. The treatment itself and the recovery period are essentially painless. Five days after a hair transplant, small scabs form on each transplanted hair. During these five days, the transplanted area must be kept absolutely dry. At least for the first three to four days following a beard transplant, it would be obvious that the face has been altered. After about two weeks, the transplanted hair falls out. Facial hair would start to grow back three months after the treatment. They will continue to grow forever.
The growth of the beard transplant market is propelled by the awareness of cosmetic surgery and the expansion of beauty clinics, salons and multi-specialty hospitals. Additionally, the increased use of robotics in less invasive operations and the growth of medical tourism are expected to create opportunities in the coming years. The increased use of internet in majority of the world is paving the way for service providers to launch various crucial online marketing initiatives as online platforms are one of the easiest ways to inform potential customers about the features and specifications of facial hair restoration services.
COVID-19 Impact Analysis
The beard transplant market has witnessed a significant slowdown in its expansion as a direct result of the COVID-19 pandemic which broke out in 2018. Lockdown limitations and the shutdown of majority of business operations in 2020 resulted in a massive increase in unemployment, which significantly hampered customers’ ability to make purchases. Additionally, due to lockdown restrictions as well as the fear of being infected with the virus, the majority of beard transplant procedures scheduled for 2020 have been canceled. This has negatively impacted the pace of revenue growth in the beard transplant market.
Market Growth Factors
Growing adoption of the latest and advanced technologies in the transplantation process
As technology advances all over the world, the integration of technologies is increasing dramatically in a number of industries in the market. The advancement in beard transplant technology plays a key role in accelerating the demand for these surgeries. The key to expanding sales in the beard transplant market is innovation in service delivery. Companies have formulated plans to integrate improved technologies into their existing services. Direct Head Implantation (DHI) International Global Medical Group, for example, has created a modified version of the Follicular Unit Extraction (FUE) technique known as Direct Hair Implantation (DHI). It involves the use of a unique pen-shaped instrument that allows doctors to simultaneously remove and transplant hair follicles. Hence, an increasing number of technological advancements in the beard transplant market would increase the growth of the beard transplant market.
A growing cosmetics industry around the world
The cosmetics industry is growing at an exponential rate all over the world due to the growth of the millennial population. In addition, the main driver of the beauty and personal care industry is the increased emphasis on personal cleanliness and skin health among consumers. This is especially true for the country’s huge young population, who are increasingly aware of the importance of skincare. Additionally, the availability of a wide selection of cost-effective and effective beauty and personal care products is helping to expand the market. To meet changing consumer needs, the dominant market players are emphasizing product innovation as well as new product launches. Hence, this factor plays a major role in driving the growth of the beard transplant market.
Market restraining factors
Beard Transplant Side Effects with Prolonged Recovery Period
Beard transplant patients should be prepared for the possibility of experiencing some modest side effects. There are some common symptoms that patients should watch out for, however, the degree of side effects varies from person to person. Scarring in the donor area is quite common, but most of the time natural hair growth will conceal it. Scarring with FUE is usually very minimal and difficult to detect. The FUT procedure, on the other hand, results in a single, long scar on the back of the head. There may be temporary scabs, but the parts of the face that have implants should not have scars from the procedure. After a few weeks, if the patient still experiences scabs, swelling, redness or irritation, he should make an appointment with the doctor. Hence, this factor is hampering the growth of the beard transplant market.
Based on the approach, the beard transplant market is segmented into follicular unit extraction, follicular unit transplant and others. In 2021, the follicular unit extraction segment acquired the largest revenue share of the beard transplant market. Follicular unit extraction is the most common method for beard transplantation. It has a number of advantages, such as faster healing, no linear scar, fast recovery, no visible scars and little or no side effects, which is accelerating its expansion in the world. This is due to the high success rate and benefits, such as rapid healing, no linear scar, and minimal or no side effects.
End User Outlook
On the basis of end-user, the beard transplant market is divided into male and trans-male. In 2021, the trans-male segment recorded a substantial share of the beard transplant market revenue. This is due to the increase in the transgender population as well as the increase in the number of gender affirmation procedures performed worldwide.
Service Provider Insights
By service provider, the beard transplant market is categorized into hospitals, clinics, and surgery centers. In 2021, the clinic segment procured the largest share of the beard transplant market revenue. The increasing growth of the segment is mainly due to the presence of a large number of specialized clinics offering beard transplants at relatively affordable prices. There are a number of clinics that only offer hair restoration services, and they are experts in this field. The rapid expansion of the clinic segment in the market can be attributed to the significantly higher success rate of beard transplant procedures offered in clinics.
By region, Beard Transplant Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America accounted for the largest share of the beard transplant market revenue. In North America, the increase in beard transplant revenues can be attributed to a combination of factors, including increased public awareness of the availability of facial hair restoration services, as well as the presence of large numbers multi-specialty clinics and hospitals in the region. All of these factors have contributed to the increase in the number of people seeking these services.
The market research report covers the analysis of major market players. Key companies profiled in the report include Bain Clinic Pvt. Ltd., Bosley, Inc., Dezire Clinic, DHI Global Europe Ltd., iGraft Global Hair Services Pvt Ltd, Panacea Global Hair & Skin Services, Smile Hair Clinic, The Wimpole Clinic Ltd. and HairMax, Inc. (Lexington International LLC).
Scope of the study
Market Segments Covered in the Report:
• Extraction of follicular units
• Transplantation of follicular units
Per end user
By service provider
• Surgery centers
• North America
o United States
o Rest of North America
o United Kingdom
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia-Pacific
o Saudi Arabia
o South Africa
o Rest of the LAMEA
• Bath Clinic Pvt. ltd.
• Bosley, Inc.
• Dezire Clinic
• DHI Global Europe Ltd.
• iGraft Global Hair Services Pvt Ltd
• Panacea Global Hair and Skin Services
• Smiling hair clinic
• Wimpole Clinic Ltd.
• HairMax, Inc. (Lexington International LLC)
• Comprehensive coverage
• The largest number of tables and figures on the market
• Subscription-based model available
• Best price guaranteed
• Provided after-sales research support with 10% free customization
Read the full report: https://www.reportlinker.com/p06364358/?utm_source=GNW
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