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Facial Rejuvenation Market Segmented By Topical Products, Botulinum Products, Dermal Fllers, Chemical Peels, Micro Abrasion Equipment and Equipment in Hospital, Dermatology Clinics and Beauty Centers and Spa
Geographically, the global facial rejuvenation market is expected to be dominated by North America due to increasing number of non-surgical aesthetic procedures and higher adoption of advanced facial rejuvenation products. The growing number of procedures, increasing aging and mid-aged population coupled with increasing spending on facial rejuvenation products are the other factors expected to fuel the growth of the facial rejuvenation market in the region.
The U.S. is expected to be the most lucrative market for facial rejuvenation in North America. According to the American Society of Plastic Surgeons, more than 14.2 million cosmetic minimally invasive procedures were performed in 2015 in the U.S.
Their low cost as compared to surgical procedures is also a factor expected to increase their adoption. Higher penetration of facial rejuvenation products for age defying and youthful look coupled with increasing number of aesthetic procedures is expected to drive the growth of the U.S. facial rejuvenation market over the forecast period.
Europe is expected to be second leading regional market for facial rejuvenation due to increasing number of non-invasive or minimum invasive procedures as well as rapidly aging and large mid-aged population. Usually, surgical procedures are used for facial rejuvenation, but from the last couple of decades the adoption of non-surgical facial rejuvenation procedures has increased at a significant rate due to their relatively low cost.
Besides, extended efforts are been made by various facial rejuvenation product manufacturers to increase their market footprint by undergoing collaborations, partnerships, and acquisitions with different local facial rejuvenation product manufacturers, e.g., Merz and Teijin signed a partnership agreement to Bring Xeomin (incobotulinumtoxin A) to Japan in 2017.
In terms of revenue share, Latin America, Asia-Pacific and Middle East & Africa stand at the third, fourth and fifth place, respectively, in the global facial rejuvenation market. With high revenue share, North America is expected to be the fast-growing regional market due to higher adoption of facial rejuvenation products, increased spending on cosmetic procedures, and presence of leading facial rejuvenation product manufacturers. North America was the first region to introduce regulations for cosmetics- and aesthetic-related procedures.
The global facial rejuvenation market is expected to expand at a CAGR of 5.0% over the forecast period 2018–2026. The global facial rejuvenation market is expected to be dominated by North America with 39.0% market share in 2018 and 43.3% market share by the end of 2026.