Industry Background:
The word “hair restoration” can be used for different kinds of procedures which include both surgical and non-surgical services. The inclusive nature of the term could somewhat seem to be confusing to the people who are not aware of the procedures that are available for the patients who are looking out for the best methods for dealing with the thinning hair or hair loss. Hair Restoration Services are used for describing the process in which a patient improves his overall appearance by restoring his hairline and getting a thicker hair. It is observed that by 35 years of age, approximately two-thirds of the men have a visible degree of hair loss, which further jumps up to 85% after 50 years of age. Hair loss is not only prominent in men, but nearly half the number of sufferers are also women in the United States. With statistics like that, it’s easy to understand why hair restoration services are much needed. Over the last few years, there has been much advancement in hair transplant techniques and technologies which have provided long-lasting and genuine results.
This growth is primarily driven by The Increasing Hair Damage and Hair Fall Problems Due to Rising Air Pollution and Growing Awareness about Hair Treatments and Changing Lifestyle Standards Owing to Rising in Disposable Income is Fuelling the Hair Restoration Service Market.
Globally, a noticeable market trend is evident Rising Trend in Maintaining Hair Conditions Has Become One of the Major Worry among the Beauty-Conscious Customers
. Major Vendors, such as DHI International (India), iGrow Laser (United States), Dr. Batra's (UAE), Bosley Inc. (United States), Elite Hair Restoration (United Kingdom), National Hair Centers (United States), NeoGraft (United States), Liverpool Skin & Hair Clinic (United Kingdom), Lexington Intl LLC (Hairmax) (United States) and Bernstein Medical (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
According to Indian Standards 30 cosmetics are listed in Schedule ‘S’ of the Drugs and Cosmetics Rules. Cosmetics Sectional Committee has published two Indian Standards for raw materials/ingredients for use in cosmetics, namely, IS 4707 (Part 1): 2017 Classification for cosmetic raw materials and adjuncts: Part 1 Colorants and 4707 (Part 2): 2017 Classification for cosmetic raw materials and adjuncts: Part 2 List of raw materials generally not recognized as safe for use in cosmetics which are widely used by Central Drugs Standard Control Organization (CDSCO) and Food and Drug Administration’s (FDA). Moreover, IS 4707 (Part 1) is referred to in the Drugs and Cosmetics Rules, 1945 for colorants to be used in cosmetics.
Market Drivers
- The Increasing Hair Damage and Hair Fall Problems Due to Rising Air Pollution
- Growing Awareness about Hair Treatments and Changing Lifestyle Standards Owing to Rising in Disposable Income is Fuelling the Hair Restoration Service Market
Market Trend
- Rising Trend in Maintaining Hair Conditions Has Become One of the Major Worry among the Beauty-Conscious Customers
- The Rise in Celebrity Endorsements of Professional Hair Masks Owing to the Growing Adoption of Hair Care Products in the Fashion Industry
Restraints
Opportunities
Increase in the Research and Development towards the Modernization of Hair Products to Address Hair Related Problems
Challenges
High Cost of Hair Restoration Services
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hair Restoration Services Study Sheds Light on
The Hair Restoration Services Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Hair Restoration Services industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hair Restoration Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.