Analysis of Skin Boosters market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global skin boosters market is anticipated to secure a market value of US$ 1.03 Bn in 2022, projected to reach US$ 2.5 Bn by 2032 while expanding at a CAGR of 9.26%. The increasing demand for aesthetic products by men and women is expected to be the key factor driving the market in the forecast period.
Estimated Market Value in 2022
USD 1.03 Bn
Estimated Market Value in 2032
USD 2.5 Bn
Projected CAGR from 2022 to 2032
Key Players of the Global Skin Boosters Market
The growing influence of social media and the increasing popularity of skincare influencers is expected to bring a positive influence on the youth, bolstering the market significantly in the forecast period.
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According to Fact.MR- market research and competitive intelligence provider- demand for skin boosters accelerated at a CAGR of 7% from 2015 to 2021. The analysis reveals that the global skin boosters market held a value of approximately 941 Mn in 2021.
As per the WKYC Studio, the desire to look beautiful and confident on camera is the major cause of the surging demand for wrinkles treatment, which can elevate the market size in the forecast period. Prospects experienced a slight dip during the COVID-19 pandemic, as visits to skin clinics dipped massively during the peak of the infections.
As global awareness about healthy skin heightens, demand for skin boosters is expected to accelerate throughout the forthcoming decade. The industry is expected to flourish significantly in the coming time while exhibiting a growth of 9.26% from 2022 to 2032. The global skin boosters market is projected to reach a value of US$ 2.5 Bn by the end of 2032.
Desire to Look Camera Good to Increase Demand for Cosmetic Procedures
The market is believed to have a negative impact due to the outbreak of COVID-19, since it affected the manufacturing operations, thereby inhibiting the market growth in the forecast period. However, despite having some negative impact on the market, the wrinkles’ treatment is likely to witness an increased demand owing to the adoption of the ‘Work from Home’ culture.
Various interviews, meetings, and sessions are conducted virtually, which has grown the desire to look ‘camera perfect’. Therefore, the market is expected to gain significant momentum in the COVID period, boosting the market.
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Growing Desire to look Young to Increase Demand for Skin Booster Treatment
The increasing desire to look young and the advent of anti-aging methods to achieve the same is expected to be a significant factor driving the industry significantly in the forecast period. The non-invasive and minimal wrinkles treatments are gaining traction, thereby developing the market.
Furthermore, the increasing geriatric population across the globe is anticipated to augment the industry in the coming time. The increased pollution and unhealthy eating habits have brought an early aging effect on the skin, driving the young population to adopt methods to tighten their skin, enhance firmness, and eradicate dark spots, eventually expanding the market growth significantly.
Increasing Adoption of Cosmetic Procedures among Females to Boost the Market
As per the analysis, females are anticipated to secure the largest market revenue of about 85% in 2022. The International Society of Aesthetic Plastic Surgery revealed that out of the total aesthetic plastic surgeries carried out in 2019, women accounted for about 88% of it.
Women lose collagen faster than men, therefore women opt for such anti-aging techniques which is anticipated to be the major cause driving the market. However, the recent trend shows that men too have been inclining towards such non-invasive skin booster treatments due to the growing popularity of social media.
Furthermore, the desire to look camera good, the rising popularity of Instagram and Facebook have enhanced the demand for skin boosters among males and females.
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Increasing Proliferation of Non-Invasive Medical Aesthetics to Increase Demand for Wrinkle Treatment
According to the analysis at Fact. MR, North America is expected to have procured the largest market share in 2022 by securing nearly 38% of the global market share. The regional growth can be attributed to the growing demand for cosmetics among the aging and the adult population.
Moreover, the increasing proliferation of non-invasive medical aesthetic equipment for facial rejuvenation in the region. The region is expected to witness a significant rise in demand for skin tightening, removing pigmentation and wrinkles, thereby driving the industry considerably in the region.
Also, the increasing disposable income of the people is likely to play a salient role in bolstering the industry in the forecast period.
Efficient Cosmetic Procedures of Asian Countries to Accelerate the Regional Market
As per the assessment, the APAC region is projected to expand at the highest CAGR of 10.4% during the forecast period. The presence of developing countries such as; India, China, and Thailand are predicted to make the most significant contribution in driving the regional market.
India has been identified as one of the fastest developing markets owing to the growing popularity of social media among teenagers and adults.
Furthermore, high-quality and pocket-friendly treatment is likely to boost the industry considerably in the region. In addition, Asian countries are globally renowned to have efficient aesthetic procedures, thereby accelerating the market growth in the forecast period.
Treatment under a Licensed Medical Practitioner in the MedSpa Segment to Increase Demand for Skin Booster Treatments
Fact. MR reveals that the MedSpa segment is likely to have dominated the market in 2021 by securing a market value of about 63%. The segment is also projected to witness the highest growth in the forecast period.
Medspa offers the treatment under a licensed medical practitioner, which is predicted to be a significant reason expanding the segment significantly. Further, the application of cutting-edge technology, which is in line with modern innovative technology, thereby increasing its popularity among the millennial population. The survey reveals that the maximum of Medspa patients belongs to the 35-54 age group.
Mesotherapy to be a Preferred Cosmetic Procedure
The Mesotherapy segment is anticipated to have procured the largest market share in 2022 by acquiring about 54% of the global market. Mesotherapy is a preferred alternative to micro-needling and can offer efficient results.
The penetration of Mesotherapy goes deeper than the micro-needling, thereby making it a preferred choice. In addition, the downtime associated with Mesotherapy is much lesser than the Microneedling, thereby making it a preferred choice. However, Microneedling skin booster treatments have also proven to be efficient. The treatment generates new collagen, which makes the skin more tones.
The key players of the global skin booster market adopt various strategies to secure a forefront position. Acquisition, collaboration, and partnership are some of the adopted methods by the players to expand their global reach. Some of the recent advancements among the key players are:
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As of 2022, the skin boosters market is expected to be valued at over US$ 1 Bn
From 2015 to 2021, demand for skin booster services surged at a CAGR of 7%, according to Fact.MR
From 2022-2032, the market for skin boosters is forecast to flourish at a CAGR of 9.25%
By 2032, skin boosters market value is anticipated to reach over US$ 2.5 Bn, as per Fact.MR
According to Fact.MR, skin boosters sales across North America are likely to comprise 38% of the global market
From 2022 to 2032, the skin boosters industry in the Asia Pacific is expected to grow at a CAGR of 10.5%
Females are expected to comprise the maximum proportion of skin booster services, accumulating 85% of market revenue
As per Fact.MR, mesotherapy is expected to account for 54% of the global skin boosters market revenue
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