虎嗅

340 million people are experiencing hair loss, so why are hair transplant clinics closing one after another?

原文:3.4亿人脱发,为什么植发店反而一家家关门?

Summary of Key Points

The number of people with hair loss in our country has reached 340 million, yet many hair transplantation clinics are closing down one after another. The problems lie in two major flaws within the hair transplantation industry: first, the "one-off sale" business model, which means customers do not return for follow-up treatments; second, the high advertising costs required to attract new clients, which consume most of the profits. A potential solution to this situation could be a shift from one-time hair transplants to long-term hair care services.

Detailed Analysis

1. 340 million people with hair loss—why can't hair transplantation clinics survive?

Although 340 million people have hair loss, the proportion of them who actually undergo hair transplantation is very low. Firstly, the cost of hair transplantation is not affordable; a single procedure typically costs between 10,000 and 30,000 yuan, which is too much for many ordinary people to spend. Secondly, hair transplantation is a surgical procedure with uncertain results and a long recovery period, so many people prefer to try hair loss prevention shampoos instead of undergoing surgery. Additionally, in recent years, there has been an over saturation of hair transplantation clinics, leading to fierce competition and a dispersion of customers, resulting in many clinics that appear busy but actually have little business.

2. "One-off sale" model: No repeat sales, so businesses rely on attracting new clients

Hair transplantation is essentially a one-time purchase. The effects of the procedure usually last for 5 to 10 years, and customers generally do not return unless additional treatments are needed (such as for damaged hair follicles). This means that each time a clinic makes money, it must find new clients. However, attracting new clients is becoming increasingly difficult: younger people are less responsive to advertising, and the pool of potential candidates for hair transplantation is dwindling. Without a steady stream of new customers, clinics cannot sustain their operations.

3. High advertising costs: Most profits go towards advertising

To attract new clients, hair transplantation clinics have to spend heavily on advertising. The posters you see in elevators, the promotions you encounter on social media platforms like TikTok, and the search results for "hair loss" are all paid for by these clinics. Industry data shows that some clinics spend more than 40% of their revenue on advertising—meaning they spend over 40% of every 10 yuan in profits on ads. With profits compressed to such a level, any decrease in business can lead to financial losses and closure.

4. A way forward: From one-time surgeries to long-term hair care

Since the one-time sales model is not sustainable, shifting to long-term hair care services is key to breaking this cycle. Clinics could offer scalp treatments, hair loss prevention products (shampoos, hair growth serums), and regular maintenance services. This would be similar to how people regularly visit beauty salons for facial treatments, creating a habit of regular scalp care among customers. By doing so, clients would move from a "one-time visit" to monthly visits, increasing the repeat purchase rate and stabilizing revenue. Moreover, hair care services are more affordable (ranging from a few dozen to several hundred yuan per session), making them more accessible to people with hair loss who may not consider hair transplantation.

In short, if hair transplantation clinics want to survive, they need to shift from focusing on quick, one-time profits to providing long-term, value-added services. Treating customers as friends rather than mere sources of short-term revenue is likely the true long-term strategy for success in this industry.