Facial Treatment Market REPORT OVERVIEW
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The global facial treatment market size was USD 899.5 million in 2022 and market is projected to touch USD 1494.1 million by 2031, at a CAGR of 5.8% during the forecast period.
Facial therapy is a popular skin care procedure that enhances all facets of the skin. Adult skin receives steaming, cleaning, and massage during a facial treatment. Facial treatments today include massage, peels, face masks, and steam. The purpose of these procedures, which are routinely provided in beauty salons, is to enhance skin health. It not only nourishes the skin but also provides a wonderful soothing treatment. In the course of a facial treatment, the person's skin might be cleansed, leaving it feeling nourished and smooth. Lines and wrinkles on the patient's face are reduced by the peeling technique. Less painful rejuvenation methods are now required to extend youth due to the early beginning of aging.
COVID-19 Impact: Strict Protocols Hindered the Market
The closure of several non-essential enterprises as a result of the COVID-19 epidemic has had a negative impact on the sales of face treatment goods. In the upcoming years, the market is anticipated to bounce back from the pandemic-caused slump.
LATEST TRENDS
"Advancements in LED Light Therapies to Propel the Market"
The frequency of numerous skin-related disorders is increasing, and demand for portable face treatment devices that consumers can use themselves is also on the rise. Furthermore, the market for face treatments is seeing revenue growth due to recent advancements in LED light therapy and portable handheld devices. Elite skin care for the face that improves facial skin characteristics is facial treatment. In order to give the face a healthy glow, the skin is cleansed, steam-treated, and massaged. Stretch marks, UV damage, and redness from abrasive skin treatments are all diminished with LED treatments, along with wrinkle appearance. Varied LED wavelengths provide different skin and facial health benefits, which make greasy and troublesome skin seem better.
Facial Treatment Market Segmentation
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- By Type Analysis
By type, market is segmented into laser-based devices, RF devices, ultrasound devices, IPL devices and LED devices. The laser-based devices segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into dermatology clinics and beauty clinics. The dermatology segment will lead the global share through 2031.
DRIVING FACTORS
"Increase in Female Understanding to Boost the Market"
One of the key drivers of the market growth for facial treatments is the increase in female understanding of facial treatments. The market would also expand throughout the course of the projected period as a consequence of increased health concerns and the rising demand for sophisticated, specialized cosmetic products. Furthermore, more dermatology and beauty clinics with better infrastructure are likely to open up, and working women in developed countries are predicted to seek more of these services, which will boost development. Not least among all of these benefits is facial treatment, which improves the value of the face while greatly assisting skin pigmentation. It can fade wrinkles, brighten skin, and lessen face discolorations. For the face treatment sector, these components would be useful.
"Benefits of LED light treatment to Push the Market "
Repechage LED Radio Frequency and Electrical Muscle Stimulation (EMS) Skin Tightening Machine is a non-invasive replacement for pricey gadgets. This state-of-the-art device may be used on the body, face, and neck and is painless, quick to recover from, suitable for all skin types, and non-invasive. Red LED light therapies are another component of LED devices, and they help to hydrate the skin and slow down the aging process. Green LED light is used to lessen the appearance of dark spots and discolored skin, while blue LED light is used to lessen the appearance of spots and oiliness.
RESTRAINING FACTORS
"Lack of Qualified and Knowledgeable Specialists to Restrain the Market"
The market for facial treatments is anticipated to have slow revenue growth because to the scarcity of dermatological clinics, the absence of knowledgeable and qualified specialists, and the high cost of procedures. Therapists use specific methods to treat acne and pimples in a way that reduces the likelihood of further breakouts. However, if done improperly and by untrained specialists, it might cause further breakouts and scars from acne. Despite the fact that facial treatments are meant to address particular skin conditions, allergies might nevertheless arise in those who are still ignorant of their skin's sensitivity. Particularly for skin that is prone to acne, it is advisable to learn more about a face treatment's procedures before having it done. To probe techniques like microdermabrasion or extractions, some types of acne or blemishes may not respond effectively.
Facial Treatment Market REGIONAL INSIGHTS
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"North America to Hold the Largest Global Facial Treatment Market Share"
Due to ongoing developments and advances in facial treatment technology, the North American market generated the biggest revenue share. The strong buying power of experts and the expansion of business operations by renowned businesses are credited with the North American market's rapid growth rate. The market will expand as a result of the rising number of working-class women in countries like the United States and Canada as well as other countries, as well as changing lifestyles. Additionally, the market's revenue growth is being fueled by an increase in the number of new product releases.
Due to the rising demand for facial gadgets and treatments to seem younger and more presentable in China and Japan, the Asia Pacific market is anticipated to have the quickest rate of revenue development. For instance, the pandemic in 2020 contributed significantly to a big increase in sales of Philips' intense pulse light (IPL) hair removal equipment. Greater adoption rates across Asia Pacific and the ASEAN nations are expected as a result, according to Philips Electronics. E-commerce platforms have grown in popularity throughout the epidemic, and the corporation has also noted a growing trend in nations like Indonesia and Vietnam.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Solta Medical (U.S.)
- Lumenis (Israel)
- Cynosure (U.S.)
- Strata Skin Sciences (U.S.)
- Syneron Candela (U.S.)
- Lutronic (South Korea)
- Cutera (U.S.)
- Lynton (U.S.)
- Sciton (U.S.)
- NeoAsia (Singapore)
- Venus Concept (Canada)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 899.5 Million in 2022 |
Market Size Value By |
US$ 1494.1 Million by 2031 |
Growth Rate |
CAGR of 5.8% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the facial treatment market expected to touch by 2031?
Over the research period, facial treatment market will be reaching USD 1494.1 million in 2031.
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What CAGR is the facial treatment expected to exhibit by 2031?
The facial treatment market is expected to exhibit a CAGR of 5.8% by 2031.
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Which are the driving factors of the facial treatment market?
Increase in female understanding and benefits of LED light treatment are the driving factors of the facial treatment market.
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Which are the top companies operating in the facial treatment market?
Venus Concept, Syneron Candela, Strata Skin Sciences and Solta Medical are the top companies operating the market.