Turkey dominates hair transplant market in Europe
Turkey dominated the Europe hair transplant market with a market value of USD 870.0 million in 2017. Increase in a number of people from across the world traveling to Turkey for low-cost hair transplant treatment procedure will boost the country market growth. Around 5000 tourist patients fly from all over the globe to Turkey each month for hair transplant treatment. Also, raising awareness among the population regarding hair loss and physical appearances will further fuel Turkey hair transplant market growth.
Booming medical tourism in Turkey for hair loss treatment is one of the major driving factors responsible for the growth of hair transplant market. With around 300 clinics especially for hair transplant alone, Istanbul and many other major cities in Turkey attract patients from all over the world, mainly from the Middle East, the Gulf region and Europe. Advanced technology, experienced surgeons and relatively low cost of hair transplant treatment in Turkey are the major factors responsible for boosting Turkey hair transplant market growth.
Follicular Unit Extraction (FUE) transplant method is anticipated to experience robust growth in the foreseeable future, estimated to grow at a CAGR of 29.0% from 2018-2024. Recent technological advancements in neograft device, powered cole isolation device (PCID), powered surgically advanced follicular extraction (SAFE) system and robotic ARTAS system have resulted in minimizing post-surgery complications and increased patient acceptance, propelling the segment growth.
Multivitamins product market held a significant share in total market value in the year 2017, accounted for USD 163.1 million. Increase in consumption of multivitamins in order recuperate from the hair loss procedure and to control the hair fall will boost their demand. Moreover, unhealthy lifestyle and aging in developed economies will lead to vitamin deficiency and hair loss augmenting industry growth.
Hair Transplant Market by Method
– Follicular Unit Extraction (FUE)
– Follicular Unit Transplantation (FUT)
Hair Transplant Market by Product
Hair Transplant Market by Therapy
– Platelet Rich Plasma (PRP)
– Stem Cell Therapy
– Laser Therapy