The global hair transplant market generated $4.90 billion in 2021, and is projected to reach $30.13 billion by 2031, growing at a CAGR of 20.4% from 2022 to 2031.

Surge in the number of hair restoration procedures, rise in the occurrence of alopecia, increase in awareness among population regarding physical appearance, and technological advancement in the hair transplant sector are expected to drive the growth of the global hair transplant market. Cancellation of non-essential procedures and increased focus on COVID-19-infected patients in hospitals and clinics by healthcare professionals during the COVID-19 pandemic has had a negative impact on the growth of the market.