Beard Transplant Market Research, 2031
The global beard transplant market size was valued at $189.00 million in 2021, and is projected to reach $1.2 billion by 2031, growing at a CAGR of 21.1% from 2022 to 2031.
The beard transplant market is segmented into Approach, End User and Service Provider.
The beard transplant market is expected to grow at a significant rate owing to the rise in awareness among the population regarding the cosmetics surgeries and rise in penetration of the beauty clinics, beauty salons, and multispecialty hospitals across the globe. Some men face difficulty in growing beard and grow patchy beard on face. Hence, to improve their facial aesthetics, men undergo beard transplant surgeries. Furthermore, there has been a spike in demand for beard transplant surgeries among the transgender population who were assigned female at birth but identified as male. In the U.S., around 10.9% of the medical encounters of transsexualism resulted in gender-affirming surgeries in the U.S. in 2018, as per the Shandong University sponsored journal, Current Urology. Therefore, the rapidly growing gender-affirming surgeries is expected to drive the global beard transplant market growth during the forecast period.
The rise in adoption of robotics in the minimally invasive surgeries is an emerging trend in the beard transplant market. The adoption of robotics offers enhanced performance and higher success rate that boosts its demand. Moreover, various developing economies such as Mexico, India, China, and Turkey offer beard transplant surgeries at a cheap price, which boosts the medical tourism. Hence, the rapidly growing medical tourism industry is expected to be a major driver of the beard transplant market growth during the forecast period.
However, the availability of various substitutes such as the topical therapies, including monoxidil and finasteride is expected to hamper the market growth. Further, the low awareness regarding beard transplant and the rise in penetration of the unlicensed hair restoration industry in the developing economies are expected to significantly harm the growth of the beard transplant market during the forecast period.
The beard transplant market is segmented on the basis of approach, end user, service providers, and region. On the basis of approach, the market is segregated into follicular unit extraction (FUE), follicular unit transplantation (FUT), and others. By end user, the market is divided into masculine and transmasculine. Depending on the service provider, the beard transplant market is segmented into hospitals, clinics, and surgery centers. Region-wise the beard transplant market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
As per the beard transplant market forecast, by approach, the follicular unit extraction segment is expected to sustain its dominance during the forecast period. This segment accounted for 53.3% of the beard transplant market share in 2021. The follicular unit extraction is the most extensively used approach in the beard transplant. It has several advantages, such as no linear scar, quick recovery, faster healing, no visuals of scars, and low or no side-effects, which significantly spur its growth across the globe.
Depending on end user, the transmasculine segment is anticipated to be the fastest-growing segment owing to the rise in transgender population and rise in the number of gender-affirming surgeries across the globe. According to the Shandong University sponsored journal, Current Urology, around 9,000 transgender surgeries are performed in the U.S. annually.
On the basis of service provider, the clinics segment accounted for the largest market share in terms of revenue in 2021. There are several clinics, which specialize only in the hair restoration services. The higher success rate of the beard transplant services in clinics has led to the significant growth of the clinics segment in the market.
Region-wise, North America dominated the global beard transplant market in 2021. The higher awareness regarding the availability of facial hair restoration services among the people along with the presence of huge number of multispecialty hospitals and clinics in the region has led to the generation of higher revenues from the beard transplants in North America.
The global beard transplant industry is moderately fragmented owing to the presence of several local and global service providers. The key market players profiled in this report include, Ashlin Alexander Facial Cosmetic Surgery, Bain Clinic, Bosley, CapilClinic, Dezire Clinic, DHI Global Medical Group, iGraft Global Hair Services Pvt. Ltd., Maxim Hair Restoration, Smile Hair Clinic, and Wimpole Clinic.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the beard transplant market analysis from 2021 to 2031 to identify the prevailing beard transplant market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the beard transplant market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global beard transplant market trends, key players, market segments, application areas, and market growth strategies.
Beard Transplant Market Report Highlights
| Aspects | Details |
 By Approach |
|
 By End User |
|
 By Service Provider |
|
 By Region |
|
 Key Market Players | CapilClinic, DHI Global Medical Group, Maxim Hair Restoration, Bain Clinic, Ashlin Alexander Facial Cosmetic Surgery, Wimpole Clinic, Dezire Clinic, iGraft Global Hair Services Pvt Ltd, Smile Hair Clinic, bosley |
Analyst Review
Innovation in services provided is the key to the sales growth in the global beard transplant market. Companies have been strategizing on adopting upgraded technologies in the already existing services that are being provided. For instance, Direct Head Implantation (DHI) International Global Medical Group has developed a modified form of follicular unit extraction (FUE) technique, called as Direct Hair Implantation (DHI). It involves a use of a specialized pen-shaped tool that allows the surgeons to extract and implant the hair follicles at the same time.
Moreover, the adoption of robotics technology in the surgeries is emerging as a prominent trend in the market. Companies that provide robotic FUE and robotic FUT beard transplant surgeries, claim 100% success rate as adoption of robotics eliminates risk of manual errors and offers precision extraction and harvesting. Rise in technological advances and its rapid adoption in the minimally-invasive surgical procedures is gaining a rapid traction among consumers as well as service providers.
Rise in rate of internet penetration around the major parts of the globe makes way for service providers to initiate several key online marketing programs, as online platforms are one of the easiest ways to create awareness about the specifications and features of the facial hair restoration services among the target customers.
The global beard transplant market size was valued at $189.0 million in 2021, and is estimated to reach $1,163.9 million by 2031, registering a CAGR of 21.1% from 2022 to 2031. The beard transplant market is expected to grow at a significant rate owing to the rise in awareness among the population regarding the cosmetics surgeries and rise in penetration of the beauty clinics, beauty salons, and multispecialty hospitals across the globe.
The forecast period calculated in the global beard transplant market report is 2022 to 2031. The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2022 to 2031 to identify the prevailing opportunities.
The global beard transplant market size was valued at $189.0 million in 2021. The growing concern among the male population regarding their facial aesthetics has propelled them to adopt beard transplant procedures to improve their facial appearances.
The base year calculated in the report is 2021. The report highlights the prevailing market opportunities, market sizing, and key developmental strategies adopted by the market players to compete in the market. It also highlights the region-wise, country-wise, and segment wise market numbers from 2021 to 2031.
The key market players profiled in this report include, Ashlin Alexander Facial Cosmetic Surgery, Bain Clinic, Bosley, CapilClinic, Dezire Clinic, DHI Global Medical Group, iGraft Global Hair Services Pvt. Ltd., Maxim Hair Restoration, Smile Hair Clinic, and Wimpole Clinic.
By approach, the follicular unit extraction segment is expected to sustain its dominance during the forecast period. The follicular unit extraction is the most extensively used approach in the beard transplant. It has several advantages, such as no linear scar, quick recovery, faster healing, no visuals of scars, and low or no side-effects, which significantly spur its growth across the globe.
The rise in adoption of robotics in the minimally invasive surgeries is an emerging trend in the beard transplant market. The adoption of robotics offers enhanced performance and higher success rate that boosts its demand.
Various developing economies such as Mexico, India, China, and Turkey offer beard transplant surgeries at a cheap price, which boosts the medical tourism. The rising medical tourism in the developing regions is expected to boost the growth of the Asia-Pacific market and this region is expected to be the fastest-growing market during the forecast period.
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