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March 2010
Tapping into hair loss industry
Japans hair loss industry is projected to grow to $7.23 billion in 2012
March 2010
Growth potential for hair transplants in Asia is big
and this has prompted Japan-based company Toshka Holdings to expand
its reach to Singapore.
Toshka's executive chairman and chief executive officer Nobuo
Morishita (picture) believes younger Asians are likely to suffer
hair loss in the next few years as a result of changing lifestyles
and environmental influences in the region.
Japan's hair loss industry is projected to grow to $7.23 billion in
2012. In Korea, this figure is estimated to reach $4.34 billion.
Singapore is expected to mirror these figures, said Mr Morishita.
Toshka was founded in Japan back in 2003. In 2005, it inked its
first consultancy contract with Realmore Clinic in Korea, followed
by Motion Clinic in 2007.
Last year, the company signed a joint-venture agreement with ASG to
run a hair transplant clinic at Paragon Medical Tower. Currently,
the company is in the period of training and testing in Singapore
and expects to launch its operations in the next few months.
The hair transplant, however, would come at a hefty price of $6,000.
And it would require some effort to educate patients on the
cost-effectiveness of undergoing hair transplants instead of using
wigs and other hair loss products.
But beyond vanity, Mr Morishita said their strong track record in
Japan and Korea, plus their proprietary hair transplant machine and
methods, will allow them to be competitive in Singapore.
Toshka's proprietary Quick Hair Restoration (QHR) system is an
automated process of harvesting individual hair follicles from the
back of the head and transplanting them to the bald portion using a
hand piece with tube punches.
The procedure is less painful and creates higher density and more
natural hairline, said Mr Morishita.
In the past six years, the company has performed over 13,000
operations in Japan and Korea.
It collects information from these procedures as part of its efforts
to improve methods.
About 80 per cent of the company's revenue is derived from hair
transplants, while 20 per cent come from sales of equipment and
consumables such as shampoo and conditioner.
Currently, Toshka is also in the process of commercialising its QHR
machine.