A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global skin rejuvenation market. Presenting exclusive insights into the market from 2017 to 2022, the report projects that the market will witness notable growth during the forecast. Skin rejuvenation is a medical procedure that utilizes various cosmetic processes to correct the skin and reduce maturity signs. Human skin goes through numerous changes, such as thinning, sacking, due to growing age, and this process reduces wrinkles, sagging areas of skin, lines, thus bestowing an attractive appearance to the skin. Skin rejuvenation is highly popular among people who are highly cautious of their appearance, and the market receives impetus from the said population base. The growth of the market is mainly attributed to an increased number of people in middle and elderly age groups, burgeoning spending on skincare, and raised levels of disposable incomes. Moreover, the emergence of cutting-edge technologies in the dermatology landscape is also anticipated to boost the market through the forecast period.
High Disposable Incomes Among Consumers Coupled to Willingness to Spend on Facial Treatments Propels Demand for Skin Rejuvenation
Backed by increased levels of disposable incomes, there has been a significant rise in spending on skin care procedures in the recent past. Consumers in the developed economies are highly cautious of skincare conditions, such as sacking, elasticity, wrinkles, reduced sebum production, telangiectasias, actinic keratosis, and pigmentation. On the back of the aforementioned factors, the skin rejuvenation process is gaining significant traction and is poised for healthy growth in the years to come. Owing to the treatment's success rate in bestowing a younger appearance by reducing wrinkles, lines, and sagging areas of skin, consumers are expressing willingness to spend on the treatment. On this premise, dermal fillers and botulinum, are the two products that are finding maximum adoption, owing to their top of the line precision properties and ability to offer instantaneous results. Furthermore, an increase in the utilization of laser-based techniques for permanent removal of facial hair to limit skin pigmentation will continue to fuel the demand for facial products, through the forecast period.
North America Remains at Forefront of Global Market
North America is expected to reign supremacy over the global skin rejuvenation market, backed by a notable rise in the number of non-surgical beauty procedures and availability of innovative facial rejuvenation products. The region's dominance can also be attributed to the strong presence of major market players and high spending by consumers on skiing rejuvenation processes. Along similar lines, Europe is anticipated to remain the second-most lucrative region for the skin rejuvenation market, owing to a high preference among consumers for non-invasive and minimally invasive skin treatment methodologies, high spending power, and a high number of middle-aged people with disposable incomes.