The global skin rejuvenation market is projected to expand at a promising rate from 2021 to 2031 (forecast period). With age, our skin experiences various changes, including loss of elasticity, thinning, wrinkles, reduced sebum production, as well as actinic keratosis.
Skin rejuvenation is a corrective technique that includes a variety of cosmetic processes aimed at improving the skin’s characteristics by eliminating aging indications. This method helps in decreasing sagging skin, wrinkles, lines and gives the skin a younger appearance. These factors are expected to propel the skin rejuvenation market during the forecast period.
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Moreover, rising demand for faster results and shorter treatment durations, easy availability of cosmetic products in local markets, and cost-effective treatments are expected to drive the skin rejuvenation market growth during the forecast period. Furthermore, increasing awareness about skin disorders and skin rejuvenation is projected to provide growth prospects in the skin rejuvenation market.
Skin Rejuvenation Market – Competitive Landscape
Key players active in the global skin rejuvenation market are Lumenis, Syneron Medical Ltd., Candela Corporation (Syneron Medical), Merz GmbH & Co. KGaA (Merz GmbH & Co. KGaA), Solta Medical, Lynton Lasers Ltd., STRATA Skin Sciences, LUTRONIC, Sciton, Inc., Fotona, Galderma Laboratories, L.P., and Alma Lasers (Sisram Med).
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Key market players are actively pursuing inorganic marketing tactics such as collaborations, investments, acquisitions, technology advancements, and R&D efforts to expand and strengthen their global footprint.
In April 2021, for instance, Cynosure acquired MyEllevate® Surgical Suture System in order to broaden its line of minimally invasive facial rejuvenation products.
In another instance, Cutera launched Secret PRO, a novel secret radiofrequency (RF) microneedling device, in June 2021, as a new addition to its line of skin rejuvenation technologies.
Skin Rejuvenation Market – Trends and Opportunities
Simple access to treatments, increased awareness of novel and less painful techniques, rising affordability, and wider distribution of cosmetic products in local marketplaces are expected to boost the skin rejuvenation market. Changing lifestyles, which frequently result in the onset of aging at a young age, necessitate rejuvenation procedures to remain competitive. The growing baby boomer demographic is driving up demand for cosmetic rejuvenation products. The affluence of this demographic cohort, along with the desire to remain youthful, is anticipated to propel the skin rejuvenation market.
Moreover, dermal fillers and botulinum treatments are currently the most popular types of products used for skin rejuvenation due to their immediate results and top-of-the-line precision. Customers prefer solution-based skin rejuvenation items with a clinically proven track record for the procedure, which boosts the acceptance of dermal fillers and botulinum products while also accelerating the growth of the skin rejuvenation market. Furthermore, increased use of laser-based techniques for the permanent removal of facial hair and reducing skin pigmentation is expected to contribute to the growth of the skin rejuvenation market.
The COVID-19 pandemic prompted several changes in enterprises and consumers’ lives and severely hampered the world economy. In the midst of the pandemic, the demand for skin rejuvenation methods with minimally invasive procedures such as Botox, Hyaluronic acid, and PRP grew. However, due to the limits in face-to-face therapy, tele dermatology has gained widespread acceptance among physicians in order to address the expanding number of skin issues.
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Skin Rejuvenation Market – Regional Landscape
North America is projected to experience significant growth in the skin rejuvenation market due to the growing geriatric population in the region. The increase in the number of non-surgical cosmetic procedures and rising consumer spending power have resulted in a greater need for modern skin rejuvenation solutions.
Moreover, the increasing emphasis on physical appearances has resulted in a growing preference for less invasive procedures, particularly in the United States. The existence of key industry participants and simple access to technologically improved processes is expected to considerably help the skin rejuvenation market expansion.
Moreover, the skin rejuvenation market in Europe is anticipated to develop at a rapid pace, owing to an increase in the preference for minimally invasive procedures and an aging population.
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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