The Face Treatment Market Size is valued at 1108.19 Million in 2023 and is predicted to reach 1911.76 Million by the year 2031 at a 7.30 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The increasing global preference for organic ingredients has led consumers to gravitate towards organic skin care products, particularly facial care products, thereby anticipating a boost in market growth throughout the study duration.
- The proliferation of counterfeit or imitation products by numerous small-scale manufacturers poses a threat to the sustainability of natural and well-established brands, potentially hampering the overall growth of the global market.
- The biologics type segment dominates the global face treatment market.
- Asia Pacific dominated the market for the largest revenue share of global revenue in 2023.
The face care industry consists of goods and equipment used to beautify the appearance of facial tissue or a component of the face, such as the lips, nose, eyes, or ears. The global face treatment industry is expanding due to rising consumer demand for high-tech cosmetic goods and concerns about health. The need for face treatments among women to seem more attractive and youthful and the growing sophistication of face treatment technologies are the primary drivers of market sales growth. Additionally, increased health concerns and the desire for advanced, specialized cosmetic products contribute to the market's revenue growth. In contrast, growing demand from working women in developed countries and an increase in the number of dermatological and beauty clinics with improved infrastructure are anticipated to boost market revenue growth.
The increasing spending on maintaining their appearances and taking care of their skin owing to growing disposable income. In turn, this is leading to a growing propensity for cosmetic operations. Because aging is linked to the loss of collagen fibers, which causes wrinkles, dryness, pigmentary changes, and skin drooping, the elderly population is a key factor in expanding the facial skin ablative treatment market. The lack of skilled experts to execute face care treatments in emerging nations, unfavorable reimbursement rules, and competitive rates and expenses impede the market's expansion.
Market Segmentation:
The face treatment market is segmented based on device, treatment, and end users. Based on device, the market is segmented as LED devices, IPL devices, ultrasound devices, laser-based devices, RF devices and others. By treatment, the market is segmented into platelet-rich plasma tightening, radiofrequency, skin tightening, micro needling, therapy, chemical peel, and others. Based on end users, the market is segmented into beauty clinics, dermatology clinics, and parlor & salons.
Based On Treatment, The Platelet-Rich Plasma Tightening Therapy Segment Is Accounted As A Major Contributor To The Face Treatment Market
The platelet-rich plasma tightening (PRP) therapy segment is anticipated to develop steadily. It is frequently used to treat skin wounds and damaged tendons. Surgeons first used PRP to speed up recovery after jaw or plastic surgery. The use of post-surgical PRP injections to speed up the healing of musculature, joints, and ligaments has been increased due to the prolonged recovery times involved with treatments on these components.
Laser-Based Devices Segment Witnessed Growth At A Rapid Rate.
The laser-based treatment segment is projected to grow at a rapid rate in the global facial treatment market. Lasers have been regarded as a remarkable cosmetic enhancing method for treating several skin disorders since their beam gently vaporizes skin tissues. Many different skin conditions can be treated with laser technology, including skin tone, wrinkles, reduce wrinkles, skin discoloration, freckles, undesirable tattoos, skin conditions, birthmarks, dark spots, lock blood vessels, skin, dark circles under the eyes, pucker marks, wrinkle lines, brown spots, skin texture and texture, smokers' line, skin tightening, unwanted hair, skin tissue incision, and, especially in countries such as the US, UK, Germany, China, and India.
The Asia Pacific Face Treatment Market Holds The Largest Revenue Share.
Asia Pacific market is estimated to hold the largest share of the face treatment market during the forecast period. This would be primarily brought on by rising healthcare costs, increasing personal disposable income, rising manufacturing expenditures, developing aesthetic medical tourism industry, and increasing population in the area. Additionally, the North American market had a significant revenue share due to the increased demand for facial treatments among women. The strong buying power of working professionals and well-known businesses' expansion of business activities are credited with the North American market's rapid growth rate.
Competitive Landscape
Some Major Key Players In The Face Treatment Market:
- Lutron
- Bausch Health Companies Inc.
- Strata Skin Sciences
- Cuter
- Lumens Be Ltd.
- Scion
- Cynosure
- Venus Concept
- Neasa
- Fotene
Face Treatment Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1108.19 Million |
|
Revenue Forecast In 2031 |
USD 1911.76 Million |
|
Growth Rate CAGR |
CAGR of 7.30 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Device, Treatment, End-Use |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Lutron, Bausch Health Companies Inc., Strata Skin Sciences, Cuter, Lumens Be Ltd., Scion, Cynosure, Venus Concept, Neasa, and Fotene. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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