Thailand Hair Transplant Market Growth, Share, Size & Forecast to 2032 | UnivdatosA Chapter by Bhuwan SinghThe Thailand hair transplant market in Thailand is expected to grow, fueled by rising hair loss cases, medical tourism, and strategic collaborations.The Thailand Hair Transplant market has experienced significant growth in recent years, driven by several key factors contributing to its expansion and increasing consumer demand. The Thailand hair transplant market in Thailand is expected to grow, fueled by rising hair loss cases, medical tourism, and strategic collaborations. Many ongoing trends in the market are contributing to the growth of hair transplant sector in the region. Here are some trends mentioned below: ·
Technological Advancements in Hair
Transplant Surgeries: The rising trend of
technological advancements in hair transplant surgeries is boosting the growth
of the hair transplant market in the region. People are gaining more interest
in going for non-invasive or minimally invasive treatment procedures, which
instigates the market competitors to adapt suitable user-friendly devices.
Companies aimed at manufacturing hair transplant-aiding devices are focusing
more on AI-integrated systems, which would be easier to operate and access. For
instance, in March 2023, Venus Concept Inc., a global medical aesthetic
technology leader, launched its latest generation of ARTAS iX, a new standard
for hair transplantation that leverages cutting-edge robotics, machine vision,
artificial intelligence, and machine learning technologies. Ongoing
trends are presenting newer opportunities for competitors in the market. Hence,
technological advancements in hair transplant surgery are transforming the
future aspects of the hair transplant industry. ·
Surge in the Prevalence of Chronic
Diseases: The region has seen a
surge in the prevalence of chronic disorders like diabetes, hypothyroidism, and
hyperthyroidism. For instance, according to an article published in the
National Library of Medicine in November 2022, in Thailand, the prevalence of
type 2 diabetes mellitus (T2DM) among adults has increased from 7.5% in 2009 to
11.6% in 2021. For a patient suffering from diabetes, high glucose
levels in the blood vessels can lead to damage to blood vessels carrying oxygen
and nutrients to the follicular units. Such hormonal imbalances and higher
stress levels aggravate hair loss. Thus, the surge in the prevalence of chronic
disorders is an ongoing trend leading to the growth of the hair transplant
market in Thailand. Upright and
Steady Climb: The Thailand hair transplant market thrives due to the abovementioned
factors. These factors collectively contribute to the region's enduring rise in
Thailand hair transplants and its sustained growth in popularity. Thailand's hair transplant has already made its mark in the healthcare
market. As this dynamic market continues to develop and grow, it provides hope
for the significant effort to create innovative healthcare. The Thailand hair transplant domain is constantly
innovating and redefining its innovative system from the ground up. Conclusion: The Thailand hair transplant market is still in its
early stages due to the rapid development and expansion of the healthcare
industry. This indicates the ongoing efforts to modify the product portfolio of
healthcare, which are gradually changing the landscape. Furthermore, the
increased product launches in the sector further expand the market's potential.
Despite its unique challenges, the region is progressing toward developing more
innovative and user-friendly Thailand hair transplants. As this nascent market
continues to grow and develop, it has the potential to contribute significantly
to efforts to combat many of the restraints associated with it. Despite the hurdles, the future of Thailand
hair transplants is undeniably bright. A new dawn is breaking in the
development of innovative products. There's no denying that these products are
transforming the healthcare industry’s outlook, bringing enormous varieties to
the country's population. According
to the UnivDatos analysis, the surge in cases of hair fall and the rising
number of hair transplant procedures being performed will drive the scenario of
the Thailand hair transplant market. As per their “Thailand Hair Transplant Market”
report, the market was valued at ~USD 100.37 million in 2023, growing at a CAGR
of about 12.9% during the forecast period from 2024 - 2032 to reach USD XX million
by 2032. Contact Us: © 2024 Bhuwan Singh |
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