To put into perspective the rate of growth of this industry in India, the growth rate in 2022 is estimated at $180 million and is expected to reach around $560 million by 2032, he added. Ta.
 "Hair transplant market size expected to double to $560 million by 2032: experts")
Representative image: Press Trust of India, New Delhi
The hair transplant market is estimated to grow to USD 560 million by 2032, a significant increase from USD 180 million last year, due to its growing popularity, especially among celebrities. said a top expert.
“The global hair transplant market is huge and growing rapidly,” Dr Pradeep Sethi, scientific director of the World Follicular Unit Extraction Institute, told PTI.
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To put into perspective the growth rate of this industry in India is estimated at USD 180 million in 2022 and is expected to reach around USD 560 million by 2032, he added.
Sethi, who runs Eugenics Hair Sciences in Gurugram, said more than 40 per cent of his patients come from the US or Europe each year.
He said that according to Custom Market Index research, the hair transplant market is likely to grow at a CAGR of approximately 12% from 2023 to 2032, making it the fastest growing medical tourism structure worldwide. He said that it is also a field in which there are many
India accounts for the majority of all hair transplant surgeries, outpacing the Turkish market, he noted.
In India, more than half of patients visit trichology clinics, followed by hospitals and dermatology clinics, he said.
Some studies suggest that men are more concerned about hair loss than women, and such research has led marketers to respond to the growing demands of the male population due to lifestyle issues and everyday items. He said this was now possible.
Figures suggest that Delhi-NCR, Jaipur and Mumbai rank among the top with the highest transplant success rates, and these cities also attract overseas patients from Australia, the US, Africa and EU countries. He said that.
Notable international celebrities who have received hair treatments at Eugenix Hair Sciences include Andrew Rypas, who was the physiotherapist for the Indian cricket team in the 2000s, English cricketer Nick Compton and South African cricketer Morne van Wyk. , Ravi Shastri, Mohammad Azharuddin and World Cup sensation Mohammad Shami.
Bhajan Samrat Anup Jalota, Arun Govil and Amir Basheer are some of the other notable personalities who underwent hair transplantation at Eugenics Hair Sciences.
Dr. Sethi is recognized as one of the world’s top hair surgeons and has over 14 years of experience.
