‘Baldness’ is a word whose name strikes fear in people’s minds. Any person likes his hair very much and that is why he makes every possible effort to keep them healthy. This desire of people to get rid of ‘baldness’ has become a big business in India today and in the coming time it can become a market worth Rs 4,660 crore. Not only Indian people, people from America and Europe are also coming to India to get rid of their baldness.
Yes, people are now resorting to hair transplant to get rid of baldness. The size of this business in India is expected to increase to $ 560 million (about Rs 4,660 crore) by 2032. The market size of hair transplant in India in the year 2022 will be $ 180 million (about Rs 1,500 crore). That means, this market is going to grow three times in the coming 8 years.
Very popular among celebrities
According to a PTI report, hair transplant is most popular among celebrities. He gets hair transplant done to keep himself free from baldness. As its popularity increases, its business will also increase. Dr. Pradeep Sethi, Scientist Director of World Follicular Unit Extraction Institute, says that even at the global level, the hair transplant market is very big and is growing rapidly. This sector in India is expected to reach $560 million by 2032.
Dr. Pradeep Sethi says that the celebrities who have undergone hair transplant from him include Mohammed Shami, Indian cricket team’s physiotherapist Andrew Leaps, England cricketer Nick Compton, South African cricketer Morne Van Wyk, Ravi Shastri and Mohammed Azharuddin. Bhajan Samrat Anoop Jalota, Arun Govil, Amir Bashir have also got their hair transplant done from him.
People coming from America and Europe also
Due to low cost of hair transplant in India, it has now become a major part of medical tourism. People from America and Europe are coming to India to get treatment for their baldness. Dr. Pradeep Sethi himself says that more than 40 percent of the total patients who come to him every year come from America or Europe. Delhi-NCR, Jaipur and Mumbai are at the top in terms of successful hair transplant.
A research by ‘Custom Market Index’ also shows that the hair transplant market will grow at the rate of about 12 percent every year between 2023 and 2032. It is also the fastest growing category in the medical tourism sector worldwide. Most of the hair transplant operations in the world are now done in India. It has left Turkey behind. It has also been seen in many studies that men are more worried about hair loss than women.