With the development of nonsurgical and minimally-invasive facial skin rejuvenation techniques, facial cosmetic surgery has gained popularity in recent years. Reports predict that the facial rejuvenation market is expected to expand significantly in the coming years. According to a new MARKETRESEARCHFUTURE report, the facial rejuvenation market is expected to reach USD 27,110.43 Million by 2027, increasing at a CAGR of 20.65%.
Facial rejuvenation is a type of cosmetic treatment that uses non-invasive or minimally invasive treatments to restore the facial skin elasticity and improve the appearance of the skin. In fact, the increasing popularity of facial rejuvenation over invasive cosmetic procedures is expected to increase the demand for procedures. Other factors expected to boost market growth include:
- Cost-effective alternative to cosmetic surgeries
- Rising demand for non-invasive aesthetic procedures
- Increasing R&D expenditure by companies to develop advanced treatments
- Change in the lifestyle of the urban population
- Rising demand for quick results and shorter treatment durations
- Growing awareness and popularity regarding facial rejuvenation
- Deeper penetration of cosmetic products in the local markets
The study also identified the factors that could restrain market growth:
- Side effects associated with dermal fillers
- Lack of skilled professionals
- Growing availability of fraudulent products
- Lack of knowledge regarding product efficacy
- Improper standardization of regulations
The report categorizes the facial rejuvenation market based on product type, end-user and region as follows:
By Product Type
- Botulinum Toxin or BOTOX
- Chemical Peels
- Topical Skin Care Products
- Skin Rejuvenation Devices
- Intense Pulsed Light
- Microdermabrasion
- Laser-based devices
- Ultrasound
The increasing number of product approvals and rising acceptance of botulinum toxin by consumers is expected to drive the market growth for the segment. Due to the regenerative effect on the skin, the rising popularity of chemical peels is also expected to drive market growth. Due to their easy accessibility and usage over other products, topical skin care products will also support market growth, says the report. Last but not least, technological advancements, wide adoption in the cosmetic industry, and long-lasting effects of procedures performed using skin rejuvenation devices will drive the facial rejuvenation market growth.
By End-User
- Hospitals and Clinics: Owing to the rising patient population, this segment is expected to grow significantly.
- Dermatology Clinics: Owing to its increasing popularity in developing countries, this market segment is expected to demonstrate the fastest growth.
- Others: This segment includes research and academic instituted and beauty centers, among other.
By Region
- Americas
- Europe
- Asia-Pacific
- Middle East & Africa
According to this study, the Americas is the largest regional market due to the increase in the number of minimally invasive cosmetic procedures, high per capita disposable income, and increasing awareness about cosmetic treatments. For instance, in 2017, about 17.5 million surgical and minimally invasive cosmetic procedures were performed in the US, with a 2% increase in the number of procedures over 2016. The rising demand for facial rejuvenation procedures in the region is a key factor driving overall market growth.
As the Americas is accounted to be the largest regional market, the Middle East & Africa are expected to show the lowest growth due to limited access to treatment facilities and limited developments in technology.
NYC plastic surgery practices offer a wide range of minimally invasive and non-invasive facial rejuvenation procedures using advanced technologies. Regardless of the treatment you are seeking, make sure that the plastic surgeon you have choose is an expert in using these facial rejuvenation technologies. An experienced New York City cosmetic surgeon will recommend the right treatment for your age and skin type.