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Facial Rejuvenation Market Outlook, Opportunities, and Strategies 2024-2033
Facial Rejuvenation Market Outlook
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According to The Business Research Company's, The facial rejuvenation market size has grown rapidly in recent years. It will grow from $2.77 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to rising demand for cosmetic surgery procedures, increasing societal emphasis on youthfulness and beauty, celebrity endorsements and media influence, the rise of disposable income and a growing middle class, improvements in safety and efficacy of facial rejuvenation techniques.
The facial rejuvenation market size is expected to see rapid growth in the next few years. It will grow to $4.79 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to the aging population demographic shift, advancements in non-invasive and minimally invasive procedures, growing awareness about the importance of skincare and self-care, demand for personalized treatment plans, and the globalization of beauty standards. Major trends in the forecast period include product innovations, technological advancements, personalized treatment approaches, increasing partnerships, integration of AI, telemedicine, and virtual consultations.
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Market Drivers and Trends:
The increasing prevalence of dental disorders is expected to propel the growth of the digital dentistry market going forward. Dental disorders refer to a range of conditions affecting the teeth, gums, and oral structures, including cavities, gum disease, tooth decay, and oral infections. The dental disorders are caused due to factors such as poor oral hygiene practices, unhealthy dietary habits, tobacco use, inadequate access to dental care, and aging populations. Digital dentistry is transforming the diagnosis and treatment of dental disorders with technologies such as computer-aided design or computer-aided manufacturing (CAD or CAM) systems, digital imaging, and artificial intelligence (AI) diagnostics, enhancing precision and outcomes. For instance, in August 2022, according to the National Health Service (NHS), a UK-based healthcare system, in the business year 2021-22, there was a notable surge of 120.0% in the delivery of dental treatments, totaling 26.4 million courses compared to the previous year. Therefore, the increasing prevalence of dental disorders is driving the growth of the digital dentistry market.
Major companies operating in the facial rejuvenation market are developing innovative treatments, such as permanent hair reduction and skin rejuvenation treatments, to address a growing demand for non-invasive and minimally invasive cosmetic procedures. Permanent hair reduction and skin rejuvenation treatments are advanced cosmetic procedures aimed at improving the appearance and health of the skin and reducing unwanted hair growth. For instance, in March 2024, Reveal Lasers LLC, a US-based aesthetic laser & RF device manufacturer, launched the AlloraPro Laser Workstation, a cutting-edge device engineered for permanent hair reduction and skin rejuvenation treatments. The AlloraPro features an intuitive interface and customizable treatment options, enhancing efficiency with a 25% larger spot size. The device can also target vascular lesions such as leg veins and facial veins, along with pigmented lesions and photo rejuvenation. The AlloraPro Laser Workstation's adjustable pulse width, fluence, repetition rate, automatic spot recognition system, and convenient handpiece storage make it a versatile, effective, and profitable solution for aesthetic practices globally.
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Major Key Players of the Market:
AbbVie Inc., Bausch Health Companies Inc., Galderma S/A, Contura International A/S, Hologic Inc., Fibrocell Science Inc., Merz Pharma GmbH & Co. KGaA, InMode Ltd., Lumenis Ltd., Cynosure LLC, Cutera Inc., Lutronic Corporation, Anika Therapeutics Inc., Croma-Pharma GmbH, Revance Therapeutics Inc., Sciton Inc., Alma Lasers, Venus Concept Ltd., Zimmer MedizinSystems, Ulthera Inc., Jeisys Medical Inc., Lynton Lasers Ltd., Candela Corporation, Revance Aesthetics Inc.
Facial Rejuvenation Market 2024 Key Insights:
• The facial rejuvenation market size is expected to see rapid growth in the next few years. It will grow to $4.79 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%.
• Surge In Demand For Non-Invasive Facial Surgical Procedures Drives Growth In Facial Rejuvenation Market
• Innovative Systems For Enhancing Facial Rejuvenation Precision
• North America was the largest region in the facial rejuvenation market in 2023
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