U.S. Hair Transplant Procedure Market to Exhibit 6.1% CAGR by 2027

The U.S. Hair Transplant Procedure market volume is expected to showcase considerable growth by reaching 231,720 by 2027. Fortune Business Insights in its report, titled “U.S. Hair Transplant Procedure Market, 2020-2027.”, mentions that the market stood at 170,510 in 2019 and is projected to exhibit a CAGR of 6.1% between 2020 and 2027. This is attributable to the factors such as the growing adoption of novel technology-based hair transplant solutions and the increasing focus on development of innovative procedures in the U.S. For instance, in June 2020, Follica, Inc., a leading biotechnology company, announced a unique treatment for androgenetic alopecia. The company further reported that it received positive feedback by the U.S. Food and Drug Administration (FDA) for its treatment procedure leading to advancement into Phase 3 development.

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