The Facial Care Market is expected to register a CAGR of 6.3% during the forecast period. Facial care is the practices followed to enhance skin appearance, to hold skin veracity and reduce skin conditions and these may be due to avoiding excess sun exposure, adequate nutrition, and proper use of moisturizers. Facial care is a part of the treatment of skin wound healing, some medications, and radiation therapy. Facial care products for enhancing the appearance of skin include several fillers, cosmetics, exfoliation, microdermabrasion, botulinum, laser resurfacing, retinol therapy, peels, and so on. Some of the facelift and facial plastic surgery procedures include facelift, brow lift, restore lift facelift, eyelid surgery, rhinoplasty, chin, cheek and lip augmentation, injectable fillers, peels and skin resurfacing, neck lift, otoplasty, fat grafting, mid facelift and so on. Skin aging is generally seen in the elderly population and these groups of populations are more prone to different skin problems like pruritus.
According to the American Society for Aesthetic Plastic Surgery in the year 2016, the Americans spent more than 13.5 billion dollars on aesthetic procedures which include both surgical and nonsurgical procedures. In addition, according to Acne and Rosacea Society of Canada, approximately 90% of the teens have acne in Canada and about 5 million people within the region have acne.
Rising incidence of accidents, rising prevalence of acquired or congenital deformities of the face along with technological advancements in plastic surgery procedures are the key driving factors in the facial care market.
Key Market Trends
Dermal Fillers Segment is Expected to Witness Rapid Growth
Dermal fillers are injectable treatments designed to help reduce the visible signs of aging. These are soft tissue fillers that are injected into the skin to resolve skin-related problems such as scars, wrinkles, and smoothness. According to the World Health Organization (WHO), currently, 125 million people are aged 80 years or older. Between 2015 and 2050, the proportion of the world’s population over 60 years of age will nearly double from 12% to 22%. By the year 2050, 80% of older people will be from low- and middle-income countries.
The dermal fillers segment holds a significant market share in the facial care market and is anticipated to show a similar trend over the forecast period due to increased safety profiles, the longevity of dermal fillers and minimally invasive procedure. Rising preference for non-invasive aesthetic procedures, an increasing number of aesthetic procedures and cost-effective alternatives to cosmetic surgeries are the key driving factors in the dermal fillers segment.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the facial care market due to the availability of advanced, customized treatment options and the rise in the importance of personal appearance in this region. According to the American Academy of Dermatology Association, between 40-50 million Americans suffer from acne each year. Nearly 85% of teenagers have acne at some point during their teenage and are very common among adolescents and young adults but can persist into adulthood. In addition, the annually direct cost of acne is estimated to exceed 3 billion dollars in the United States. Moreover, technologically advanced health care infrastructure and the availability of experienced dermatologists and cosmetic surgeons to prescribe the use of facial care products are also fueling the growth of the overall regional market to a large extent.
The Facial Care Market is moderately consolidated and consists of few major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Cutera, Candela Corporation, Medytox Inc, Stryker Corporation, Depuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc, L’Oreal, Unilever, Merz Pharma and Deleo.
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