Hair transplant is growing in popularity across the world, including in India. A report by Global Market Insights, a marketing research provider, states that the global hair transplant industry would grow from US$6.5 billion in 2018 to US$31 billion by 2025. This trend is reflected in India as well. Hair transplants are quickly becoming an important procedure in India, according to research from Frost & Sullivan. The market is expected to grow at a CAGR of more than 25 percent in metros such as Mumbai, Delhi NCR, Chennai, Hyderabad and Bangalore.
Reasons for growing trend of hair transplant in India
The research from Frost & Sullivan states that an increase in celebrity influence, word of mouth, higher incomes and a greater focus on improving one’s appearance are major driving forces for people undergoing hair transplant. Moreover, higher awareness level about the available treatment options adds to the demand for hair transplant procedures. Indian cricketer Virender Sehwag, for instance, once announced that he had undergone hair transplant surgery. What followed was a spike in the number of people aspiring to go through the surgery to retain their lost hair.
Another big factor for the trend is societal pressure. When it comes to India, hair is a very sensitive issue among both men and women. Aptly portrayed in the Bollywood movie Bala, it is evident that even marriages in India are fixed on the basis of whether a person has good hair on their scalp or not, making hair one of the most important traits in one’s personality. It’s not surprising that a lot of people want to undergo hair transplant when their marriage rests on their hair.
A 2013 study by Charité – Universitätsmedizin Berlin, a European university hospital, found that hair loss was an “enormous emotional burden” that could lead to low self-confidence. In extreme cases, it could lead to depression or Body Dysmorphic Disorder, in which people suffer acute anxiety about their looks. Thus, a number of people opt for hair transplant to overcome these issues.
Lastly, the primary reason behind the surging numbers of hair transplant surgeries is the increasing number of people with hair loss issues. More people are experiencing receding hairlines and baldness at an early age, due to factors like rising pollution, stress, work pressure, unhealthy eating habits, usage of chemical shampoos, increasing heredity and hormonal disorders.
Emergence of India as a destination for hair transplant procedure
The ever-increasing healthcare costs in Western countries have led to the popularity of hair transplants in countries like India, Turkey and Mexico. Nevertheless, several hair transplant clinics in India now offer services like ‘medical tourism packages’ which offer facilities like travel, accommodation and sight-seeing, in addition to post-surgery care.
The cost of hair transplant in India is only about 20-25 percent of the cost of hair transplant in Western countries like Europe or America, according to various estimates. Take for example, Richfeel, one of the leading hair transplant providers in India. The Richfeel hair transplant cost depends on the condition of your baldness and other factors such as the number of grafting required, and the preferred method to do this. However, irrespective of the cost, there are finance options for people to pay for their hair transplant cost. One such option is the Bajaj Finserv Health EMI Network Card.
The health card benefits you by dividing the cost of your medical bills into EMIs, whether it’s hair transplant, or any other procedure.
In conclusion, the trend of hair transplant is growing in India due to a combination of social and economic factors. Additionally, due to finance options such as the one mentioned above, it’s easier for more people to go for hair transplant.
Read More : https://www.thoughtsexplorer.com/