BEQ Group, reinforcing its leadership in hair restoration business, partners with MOJELIM, world-class hospital, as an academic collaboration between 2 countries to develop techniques and modern business model for hair restoration. This bilateral Memorandum of Understanding (MOU) will answer the leap growth in hair restoration business, with market values at ThaiBaht200,000 million. With 3-years target, the collaboration will rise to the leading position as Learning Center for sustainable, specific business model for world-class hair restoration.
The global business growth of hair transplantation in 2022 records the market worth valued US$5,677.61 million. The market value is expected, in 2027, to escalate to US$8,777.56 million in CAGR up to 7.98%; which the studies conducted by the International Society of Hair Restoration Surgery observes the same coherence. The number, in 2019, of hair transplant surgery worldwide was 735,312 cases, 16% higher than 2018. While North America had the highest market share, Asia-Pacific has the highest growth rate to dates, with more than 35% in 2033 and market worth expansion reaching ThaiBaht200,000 million.
Mr. Pornsak Jeamsawangporn, CEO & Co-Founder of BEQ GROUP said, "The first MOU in Thailand between BEQ GROUP, the leader in comprehensive hair restoration business and MOJELIM, South Korea's No.1 hair restoration leader, also recognized for its world-leading treatment technique for more than 26 years, with more than 120,000 customers, sets aim to become the 'World-Class Hair Restoration Learning Center,' by 2025, creating the collaboration between 2 countries for skill, technique, and knowledge sharing as well as developing the researches and hair restoration medical technique."
BEQ GROUP also plans to reinforce its business eco-system to include all relevant factors such as hair restoration academy, hair restoration business management academy, integrated hair and scalp caring center, hair restoration medical supplies distribution center and import. It also includes a Fast Track - Short Cut scheme for entrepreneurs with interest in setting their own businesses of permanent hair restoration; and medical practitioners interested in specific expertise. This will support them in creating an opportunity to leverage their hair restoration skills, access to knowledges and modern techniques; all of which is possible under this international collaboration. This MOU underlines BEQ GROUP's leadership in Hair Restoration
Industry in Asia region, while strengthens its position to step up to international level. The business worth is expected to increase both domestically and worldwide. The company will be able to assume its leadership in this industry and ready to drive forward to sustainability while becoming a world-class center in the near future.
"South Korea is the leader in research & development on treatment and techniques for hair restoration. MOJELIM is a famous hospital with a respectful history as South Korea's No.1 in hair restoration carrying more than a hundred thousand successful cases; therefore, accumulating high records of experiences in both theory and practice. We are also on the common ground, seeing the same thing in developing to the next level our competencies and medical techniques to raise standard for comprehensive treatment result. This will benefit our clients enjoying the effective and sustainable treatment," stated Mr.Pornsak
"MOJELIM is expanding our business to the international market, especially to Thailand. BEQ GROUP is Thailand's leader in hair restoration business with experiences and capabilities to successfully drive their business and to bring about the business as envisioned. This will increase not only the opportunities for medical practice in Asia region but also for the access to technology which will strengthen their capabilities, allowing them to share their knowledges, developing researches all of which eventually benefit the clients. Also, their hair restoration training courses are to be further developed to meet the international standards, and ready to share its 26-year experiences, 120,000 successful cases to doctors who would like to participate in learning and implementing these knowledges for the benefits of their patients," said Dr. Hwang Jung Wook, CEO of MOJELIM Hospital
Dr. Natitad Chinon, Institute Director of Pavicon Mediness Academy (PMA) Thailand's first and only institute of hair transplant business under BEQ GROUP said, "This collaboration is an important step for the 2 corporations to extend the hair restoration market share. Our institute has continuously developed while our training courses have been improved therefore we have grown into the hub packed with knowledges and practices. With our expert teams, there are 10 business administration courses specific to modern hair restoration; moreover, consultation services on hair restoration business management by expert team of 10-year experiences and accumulated medical skills. We are committed to share our knowledges in academic, business administration, practical skills for the better understanding in an art of hair transplantation. And our professional skills that we provide to our clients are beneficial to them and of the international hair restoration standards."
To dates, hair transplantation market is growing continuously; BEQ GROUP expects the market in 2023 will grow by 20% as a result of business restructuring relevant to the new economy. We have a plan to expand from our initial business to become the sustainable HAIR RESTORATION CENTER of the world. The project
will be running during 2023 - 2025 which will increase our business value to an expected ThaiBaht1,400 million by 2025 and to be Asia's no.1.
Source: PR One Network
