Facial Rejuvenation Market

Global Facial Rejuvenation Market Size (2024 to 2029)

The global facial rejuvenation market size is predicted to be worth USD 41.38 billion by 2029 from USD 27.88 billion in 2024, growing at a CAGR of 8.22% from 2024 to 2029.

DRIVERS

The growing aging population worldwide is one of the major factors propelling the facial rejuvenation market growth.

The world's population is getting older, and the number of people over 50 is growing by a lot. For example, Eurostat reports say that the median age in Europe will be 42.5 years in 2020, which is up from 41.7 years in 2019, 2018, and 2017. Also, Statistics Canada says that between 40 and 43% of the population is between the ages of 25 and 54. So, according to estimates, many people are predicted to be 65 years old or older in the near future. As people get older, they worry more about the signs of aging and have treatments done to keep their faces looking young. So, the growing number of older and middle-aged people and a greater focus on beauty are moving the market around the world.

The growing desire from people to look and feel younger and the influence of social media on people's social life further contributes to the facial rejuvenation market growth.

People have starting care more about how they look because of how common social media platforms are and how influential star culture is. People are increasingly getting facial rejuvenation treatments because they want to look young, attractive, and ready for the camera. A lot of people have jobs that require them to look young for a long time, especially in the face. These people include artists, dancers, models, athletes, and others.

Technological advancements in facial rejuvenation are contributing to the global market expansion.

Technology changes have completely changed the market for face rejuvenation. Laser therapies, ultrasound devices, and radiofrequency technologies are some examples of new types of treatment that are more successful and less invasive. Both patients and doctors are interested in these new advances, which help the market grow. Advances in technology, like 3D imaging and computer simulations, allow doctors to give personalized treatment plans, another factor driving the market growth.

Non-surgical and minimally invasive procedures are becoming more common because they are easier, take less time to heal, and have less risk than surgery. Injectables (like facial fillers and Botox) and laser treatments appeal to a broader range of people, which helps the market grow. Facial rejuvenation treatments are now available to a broader range of people because people have more money to spend. This is especially true in emerging economies. People are more willing to spend money on cosmetic services to improve their looks now that they have more money to spend.

RESTRAINTS

High costs associated with facial rejuvenation treatment procedures hamper the market growth.

Several facial rejuvenation techniques, especially surgical ones, can be expensive for some people who are price sensitive. Therefore, affordability continues to be a significant barrier as the high expense of treatments can limit the adoption rates, especially in regions with limited health resources and lower income levels. Side effects associated with these treatment procedures further hinder market growth. There exist potential risks and complications in specific procedures that might cause infection, scarring, or irritation on the skin. These safety concerns may discourage some people from seeking treatment, which would slow market growth. The social stigma and unfavorable perceptions surrounding facial rejuvenation procedures impede the market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Facial Rejuvenation Market Analysis By Product Type

The dermal fillers segment led the market in 2023 and is anticipated to account for the major share of the global market during the forecast period owing to cosmetic surgeons' growing usage of dermal fillers. Hyaluronic acid, collagen, polymers & particles, and hydroxyapatite are a few examples of different dermal fillers. The demand is also driven by the low cost of dermal fillers compared to the other alternatives in the market. The growing demand for volume restoration and facial contouring, rising preference for minimally invasive procedures and increasing number of advancements in filler technology and longer-lasting results propel the growth of the dermal fillers segment. Rapid adoption by aging populations seeking facial rejuvenation, the growing influence of social media and beauty standards, and the availability of a wide range of dermal filler options for various aesthetic concerns further boost the growth rate of the dermal fillers segment.

The botulinum products segment is expected to showcase a healthy CAGR during the forecast period owing to the increasing demand for non-surgical facial rejuvenation procedures, the effectiveness of botulinum products in reducing wrinkles and fine lines with botulinum toxin injections and growing awareness and acceptance of botulinum products among consumers. The growing emphasis on beauty and youthfulness in aesthetics, the rapid expansion of aesthetic clinics, the availability of skilled professionals, and continuous product advancements and new formulations further contribute to the growth rate of the botulinum products segment.

Global Facial Rejuvenation Market Analysis By End-User

The dermatology clinics segment leads the facial rejuvenation market and is anticipated to progress at a steady pace over the forecast period due to the high preference among consumers to choose these clinics. Further, these clinics provide various treatment options. The growing demand for specialized facial rejuvenation procedures and treatments, the availability of skilled dermatologists and aesthetic practitioners and rising awareness and acceptance of dermatology clinics as go-to destinations for facial rejuvenation contribute to the growth of the dermatology clinics segment in the global market. The rising preference for personalized treatment plans and customized solutions, expansion of dermatology clinic chains and multi-specialty practices and increasing number of advancements in technology and equipment used in dermatology clinics further boost the growth rate of the dermatology clinics segment.

However, the hospitals and clinics segment is anticipated to showcase a healthy CAGR during the forecast period owing to the increasing number of consumers seeking these treatments, the presence of large spaces and infrastructure and a greater number of trained people.

REGIONAL ANALYSIS

North America held the major share of the worldwide market in 2023. The domination of the North American region is expected to continue throughout the forecast period owing to the rising investments by the market participants in the R&D operations for the development of advanced technologies and novel therapies and the growing usage of cutting-edge technologies for cosmetic operations. The presence of many key market players and advanced research and development activities, high emphasis on technological advancements and innovation in facial rejuvenation treatments and strong consumer demand for natural and organic skincare products and procedures drive the North American facial rejuvenation market growth. The growing popularity of combination treatments, such as using dermal fillers in conjunction with botulinum products, the well-established medical aesthetics industry and extensive marketing and promotional activities and the growing influence of social media and celebrity culture on beauty trends and consumer preferences fuels the growth rate of the North American market. The U.S., followed by Canada, is likely to hold the leading share of the North American in the coming years.

Europe is another noteworthy regional market for facial rejuvenation and is expected to account for a substantial share of the global market during the forecast period. The cultural significance placed on skincare and anti-aging practices, the availability of a wide range of non-invasive and minimally invasive procedures catering to different aesthetic needs and the growing focus on natural-looking results and maintenance of a youthful appearance drive the growth of the European market. The rising popularity of regenerative medicine and stem cell-based therapies in facial rejuvenation, rapid adoption of energy-based devices for skin tightening and rejuvenation and expansion of medical tourism in European countries to attract patients seeking affordable and high-quality facial rejuvenation treatments further boost the growth rate of the European market.

The Asia Pacific market is also expected to experience substantial growth due to factors such as improved healthcare infrastructure, rising disposable income levels and increasing awareness regarding various aesthetic treatments. A rise in face rejuvenation operations as a result of changing lifestyles will also contribute to regional growth due to the region's high unmet medical requirements and the accessibility of affordable treatment alternatives in developing nations like China and India. Asian nations like India, Thailand, Indonesia, and Vietnam rely on importing medical aesthetic devices from their neighbors in Asia, like South Korea and China, as well as from the United States, Israel, and other countries. The growing trend of K-beauty (Korean beauty) and J-beauty (Japanese beauty) influencing skincare routines and facial rejuvenation preferences, growing emphasis on preventive skincare from a young age and early intervention for facial rejuvenation, increasing availability of combination treatments such as thread lifts and collagen-stimulating injections drive the market growth in the Asia-Pacific region.

KEY PLAYERS IN THE GLOBAL FACIAL REJUVENATION MARKET

Allergan, Galderma, Merz Pharma, Johnson & Johnson, Alma Lasers, Lumenis Ltd., Cutera Inc., Cynosure, Syneron Candela and Sinclair Pharma are some of the major players in the global facial rejuvenation market.

RECENT HAPPENINGS IN THE MARKET

• In June 2020, JÓLI360, the world’s first connected skin rejuvenation product, developed by E.S.I. Novel, part of Essence Group, was launched during WeCOSMOPROF, the digital event for the global beauty industry. Using a sophisticated skin analyzer, JÓLI360 can accurately measure three skin parameters Hydration, Elasticity, and Sebum. Leveraging IoT technology, this data is then transferred onto the JÓLI360 touch screen tablet, allowing cosmeticians to provide personalized treatments based on skin’s condition and client’s needs.

DETAILED SEGMENTATION OF THE GLOBAL FACIAL REJUVENATION MARKET INCLUDED IN THIS REPORT

This research report on global facial rejuvenation market has been segmented and sub-segmented based on the product type, end-user and region.

By Product Type

• Topical Rejuvenation Products
  • Keratolytics
  • Moisturizers
  • Retinoids
  • Sunscreens
  • Hair Removals
• Botulinum products
• Dermal Fillers
  • Absorbable Dermal Fillers
  • Non-Absorbable Dermal Fillers
• Chemical Peels
• Micro Abrasion
• Equipment
  • Laser-Based Equipment
  • Ultrasound Based Equipment

By End User

• Hospitals
• Dermatology Clinics
• Beauty Centers and Spa
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa