Skin Rejuvenation Market size is poised to record substantial growth from 2023 to 2032 on account of the globally increasing incidences of pigmentation disorders.
The number of pigmentation disorders such as hemangiomas, melasma, macular stains, skin damage, port wine stains, vitiligo, and albinism has witnessed a significant rise in the last couple of years. It has been estimated that the prevalence of Melasma can range from 1 % in the general public to 50% in high-risk groups. Therefore, the growing concerns associated with the physiological impacts of melasma will fuel the demand for skin treatments, adding to the market growth.
Moreover, the rising disposable incomes and the growing consumer interest in enhancing the skin appearance are driving the inclination toward more sophisticated medical aesthetics procedures. For instance, in March 2022, Lumenis launched the triLift facial stimulation instrument to target muscles, the dermal layers, and the epidermal layer for improved texture, structure, and contour.
The emergence of the COVID-19 pandemic affected the skin rejuvenation market dynamics with reduced demand for minimally invasive cosmetic procedures such as Botox, microdermabrasion, and laser skin treatments. Nevertheless, the pandemic is expected to transform the industry with trending teledermatology consultation and services, enabling both patients and doctors to avoid the risk of virus transmission.
Based on product, the skin rejuvenation market share from the dermal fillers will depict notable growth by 2032 owing to the increasing consumer demand for faster outcomes. The growing focus on antiageing and contouring skin treatments to counter sagging skin, wrinkles & creases, and enhance the facial features will also boost the product demand in the long run.
In terms of end use, the dermatology clinics segment is set to hold a substantial share in the skin rejuvenation industry over 2032 owing to the rising prevalence of skin disorders. Dermatology clinics have lately gained momentum with the growing awareness regarding skin care and the rising spending capabilities across developed and developing countries. Moreover, the growing concerns associated with the surge in skin cancer cases will push the consumer interest in adequate dermatology care, complimenting the business growth.
North America skin rejuvenation market will expand over 2032 with the substantial rise in demand for cosmetic treatments. The massive surge in the number of non-surgical beauty procedures is adding to the regional growth. The thriving consumer spending on cosmetics and skin treatments is also fostering the production of facial rejuvenation products in the region.
Some of the major companies in the skin rejuvenation market include Lumenis, Lynton Lasers Ltd., Candela Medical, LUTRONIC, STRATA Skin Sciences, Merz GmbH & Co. KGaA, Alma Lasers (Sisram Med), Solta Medical (Bausch Health), Fotona, Sciton, Inc., and Galderma Laboratories, L.P. These market participants are implementing strategic acquisitions, and partnerships to strengthen their business presence.