Global Facial Aesthetics Market Revenue Growth Analysis Report 2022

Posted by sandeep gade on December 13th, 2022

 The global facial aesthetics market is expected to hold a market value of US$ 12.3 Bn in 2022 and expand at a high-value CAGR of 10.1% to US$ 32.2 Bn by the end of 2032.

As evaluated by Persistence Market Research, facial aesthetic product sales accounted for 21.6% revenue share of the global non-invasive aesthetic treatment market in 2021. The global market recorded a historic CAGR of 6.9% in the last 9 years from 2012 to 2021.

A rapidly aging population and the current middle-aged group population are further driving the demand for facial aesthetics.

As per the United Nations, 34% of Europe’s population is projected to be over 60 years old by 2050. In Latin America, the Caribbean, and Asia, the current population over 60 years is 11% to 12% and is expected to be more than 25% by 2050.

Products such as chemical peels and equipment with micro-abrasion techniques polish the outermost layer of the skin, revealing fresh and healthy skin, which makes consumers opt for these skin treatments. Additionally, demand for fast and less time-consuming treatments with quicker results is expected to drive the demand growth for facial aesthetics. Dermal fillers show an instant effect after injecting and they also take time to settle, enhancing the duration of the therapeutic effect.

Increasing demand for clinically-evidenced ingredients is boosting the number of least or non-invasive cosmetic procedures. Cosmetics do not require approval from any regulatory authority, which affects the reliability of patients on these products; however, clinically proven records coupled with approvals by respective authorities help gain patients’ reliance to treat facial problems.

Compared to the 1990s, demand for clinically advanced and proven ingredients has been boosting demand for reconstructive, minimally invasive, and non-invasive procedures. A wider array of cosmetic treatment options provided by various manufacturers is expected to fuel the market for facial aesthetics globally.

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