Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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A combination of cosmetic procedures utilized to restore youthful appearance to human face is known as facial rejuvenation. Various non-surgical aesthetics enhancement procedures are offered to people by using new and advanced techniques that are introduced in the market. Surgical procedures such as plastic surgery and non-invasive or minimally invasive cosmetic treatments such as Botulinum Type- A neurotoxin injections, dermal fillers, chemical peels, and topical applications are carried out for facial rejuvenation. Through this procedure, skin elasticity can be restored and it helps to maintain youthful appearance in the face and neck region.
Statistics:
The global aesthetics combination therapy market is expected to account for US$ 4,697.9 Mn in terms of value by the end of 2027.
Global Aesthetics Combination Therapy Market: Drivers
The global aesthetics combination therapy market is expected to be driven by the availability of low-end products in low-income countries over the forecast period. There is high penetration of dermatology service providers in low-income countries such as India, Thailand, Malaysia, and Vietnam. Chemical peels and various creams and lotions are recommended by dermatologists as the best treatment options for facial rejuvenation. Moreover, botulinum type-A neurotoxins is largely used in developed regions.
Global Aesthetics Combination Therapy Market: Opportunities
Botulinum neurotoxin type-A is preferred by most of the patients worldwide to reduce wrinkles in the upper-third portion of the face (triangle region). However, as there are few major suppliers of botulinum products, it results in preferential pricing of the product. Therefore, the market growth is driven by rising manufacturing output of botulinum products and emergence of new players focused on botulinum productions.
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Global Aesthetics Combination Therapy Market: Restraints
The market growth is expected to be hindered due to improper training provided to professionals, which could result in serious complications. Improper administration of treatment could result in severe or adverse side effects. Crow’s feet is reduced by injecting fillers around the temple region. However, if any facial vein is punctured while administering, symptoms such as flu, fever, extreme pain, and swelling could be experienced by the patient within 48 hours. In such cases, steroids and antibiotics are administered to patients.
Moreover, repeat visits of customers is limited due to high fee for this procedure, especially in emerging economies. Dermatologists may charge around US$ 2,100 for a single ablative laser procedure. Other aesthetic combination procedures or treatments could be 50% more when compared to normal facial or beauty treatments. Furthermore, the market growth is hindered, reimbursements are not provided for minimally invasive treatments and procedures in some of the emerging economies.
Key Takeaways:
Among therapy type, the BTx-A/Dermal Filler segment was valued at US$ 727.2 Mn in 2019 and is expected to reach US$ 1,713.1 Mn by 2027 at a CAGR of 11.3% during the forecast period. The rising demand for facial aesthetic procedures for skin tightening in developed and emerging economies is a major factor that is expected to drive growth of this segment during the forecast period.
In 2019, the scar removal segment held dominant position in the global aesthetics combination therapy market, accounting for 28.6% share in terms of value, followed by skin resurfacing segment, respectively. The segment growth is expected to be driven during the forecast period due to rising disposable income in emerging economies of Asia Pacific and increasing demand for aesthetic procedures.
Market Trends
High adoption of fillers such as hyaluronic acid, polylactic acid or hydroxylapatite following botox treatments in women between 35 and 55 years of age is a major trend in the market. Moreover, office-based non-invasive and minimally invasive procedures are gaining popularity among lower age groups aged between 25 and 30 years and 31-35 years.
The demand for beauty treatment is growing among men in East Asia. For instance, according to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week.
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Global Aesthetics Combination Therapy Market: Competitive Landscape
Key players operating in the global aesthetics combination therapy market include Alma Lasers, Lumenis Ltd., Cynosure Inc., Bausch Health Companies Inc., Galderma S.A., Anika Therapeutics, Inc., Speciality European Pharma, Merz Pharma GmbH & Co. KGaA, Cutera, Inc., Syneron Medical Ltd., and Allergan.
Aesthetics Combination Therapy Market: Key Developments
- In January 2020, Allergan plc launched SkinMedica Instant Bright Eye Cream, an eye treatment that hydrates, brightens, and helps visibly firm the appearance of the delicate skin around the eyes
- In April 2019, Lumenis Ltd. launched its newest platform, the Legend Pro+, a multi-application platform that uses a combination of TriPollar RF energy and DMA Muscle energy for the treatment of the skin, toning the muscles of the face, and the body through the epidermal layer
Segmentation
- Aesthetic Combination Therapy Market, By Therapy Type:
- BTx-A/Dermal Filler
- BTx-A/Laser
- Laser/Topical Drug
- Laser/Radiofrequency
- Dermal Filler/Topical Drug
- Others
- Aesthetic Combination Therapy Market, By Application:
- Hair Removal
- Tattoo Removal
- Skin Resurfacing
- Scar Removal
- Others
- Aesthetic Combination Therapy Market, By End User:
- Hospitals
- Ambulatory Surgical Centers
- Dermatology Clinics
- Aesthetic Combination Therapy Market, By Region:
- North America
- By Therapy Type:
- BTx-A/Dermal Filler
- BTx-A/Laser
- Laser/Topical Drug
- Laser/Radiofrequency
- Dermal Filler/Topical Drug
- Others
- By Application
- Hair Removal
- Tattoo Removal
- Skin Resurfacing
- Scar Removal
- Others
- By End User
- Hospitals
- Ambulatory Surgical Centers
- Dermatology Clinics
- By Country:
- U.S.
- Canada
- By Therapy Type:
- Latin America
- By Therapy Type:
- By Application
- By End User
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Therapy Type:
- By Application
- By End-User
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Therapy Type:
- By Application
- By End-User
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Therapy Type:
- By Application
- By End-User
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Therapy Type:
- By Application
- By End-User
- By Country:
- South Africa
- Central Africa
- North Africa
- North America
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