The size of the global facial treatment market is estimated to growing at a CAGR of 7.27% during the forecast period. The size of the market is expected to be worth USD 1520.4 million by 2027 from USD 1070.4 million in 2022. The global facial treatment market has experienced solid growth in the last decade due to many factors like the rising disposable income of urban consumers and consumers' increasing proclivity to spend growing amounts on cosmetic treatments.
Facial treatment is a special skincare treatment procedure, especially for the face, which includes steam, facial masks, peels, and massage. In general, these procedures are used for skin health and also for some specific conditions. These are commonly performed in beauty salons. For various skin types, a facial is the perfect relaxing treatment and also nourishes the skin. One more effective benefit of facial treatment is its ability to clean skin and pores and makes the skin moisturize and smooth. This relaxing cleaning treatment process is perfect for the skin as the face is steamed, cleansed, and exfoliated.
The growing prevalence of beauty conscious especially in urban areas is a key driving factor for the global facial treatment market growth.
Constant economic growth is also an attribute leveling up the demand of the facial treatment market. As facial care products produce the highest revenue from the past few years, the market shares are deemed to grow enormously in the forecast period. Campaigns and digital advertisements are creating the popularity of these treatment procedures, which accelerates the demand of the market. Also, social media platforms like Facebook, Youtube, and Instagram are expanding the shares of the facial treatment market.
The emergence of advanced technology in manufacturing innovative products for skincare creates growth opportunities for the market. The rise in disposable income in developed and developing countries is likely to bolster the facial treatment market demand. Also, increasing beauty salons across the world are promoting the growth rate of this market. A rise in the support from private organizations through investments is ascribed to bolster the market's demand. Furthermore, the facial treatment market is to have an enormous growth rate by increasing the production rate in many countries. The entry of new multinational companies in the beauty care field is also one factor that boosts the growth rate of the facial treatment market.
However, facial care products are a little expensive than normal products and are slowly degrading the demand of the facial treatment market. The rise in the side effects issues in some people with regular use of these products has remained challenging for the market developers. Lack of skilled people due to fewer training programs limits the growth rate of the facial treatment market. Fluctuations in the availability of natural products are also one of the common factors impeding the market's demand. Besides, people in rural areas are less aware of these facial treatment procedures, which inhibit the growth of the Facial Treatment Market. Manufacturing cheap quality products and selling them at low prices in undeveloped countries hamper the demand for this market.
Impact of COVID-19 on the global facial treatment market:
The outrage of the novel coronavirus (COVID 19) pandemic has brought the world to a high alert. In early March 2020, the WHO declared the world a pandemic. The COVID 19 emerges as a severe medical crisis imposing both human and economic suffering. Before the pandemic crisis and lockdown, the cosmetology industry has experienced a boom. Dermatologists have observed huge demand for facial rejuvenation methods like Platelet-rich plasma, derma fillers, and other treatments. As the pandemic crisis has seen a drastic increase, the safety for micro-needling, dermatology surgery procedures are left over as questionable. The Pandemic has created a negative impact on the cosmetology industry. The pharmaceutical products dealing with skin care products have faced difficulties in trade restrictions. The crisis has led to teledermatology. Messages via mobile, video consultations have come into existence and became mandatory in maintaining continuity in dermatology and aesthetic practice. Moreover, teledermatology has become a strong pillar for dermatologists and cosmetic practitioners.
The recent global pandemic covid-19 has affected different sectors of the economy. The surge in covid-19 detected cases has led to the nationwide lockdown. World health organizations announced covid-19 as the emergence of healthcare sectors. Non-pharmaceutical companies had experienced a growth decline during the first half of 2020. The SARS-COV-2 pandemic has significantly affected the facial treatment market. The beauty and luxury sector had faced market decline. All the concerning activities on facial treatment had been stopped and postponed. As the government's primary focus was to combat the coronavirus, capital and investment of the beauty and luxury sector were diverted to COVID-19 treatment centers. Due to the national lockdown, the industry is experiencing short-term negative expansion. This can be due to factors such as a reduction in product demand from significant-end customers, reduced operations in most markets, temporary closing of major end-user facilities (including beauty centers and spas), a broken supply chain, and difficulties delivering essential/post-sales services. However, the global facial treatment market is believed to perform well during the forecast period.
Market Size Available
2021 to 2027
2022 to 2027
By Product Type, End-User, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
This research report on the global facial treatment market has been segmented and sub-segmented based on the product type, end-user, and region.
Facial Treatment Market – By Product Type:
The IPL devices segment is expected to command the market in the forecast period based on product type due to their rising demand for laser-based devices. This segment is anticipated to be valued at USD 930.84 million in 2020, capturing 29% of the Global Facial Treatment Market. Showcasing a robust 6.6% CAGR in the aforementioned forecast period, the IPL devices category is anticipated to rise to USD 1317.8 million by the end of 2025.
Facial Treatment Market – By End User:
Facial Treatment Market – By Region:
Regionally, North America leads the global facial treatment market and is expected to remain the market leader in the forecast period due to the widespread demand for facial treatment devices in developed countries like the U.S. and Canada. The Asia Pacific is expected to emerge as an important contributor to the market over the aforementioned forecast period. The market is expected a robust growth trajectory in Europe, the Middle East, and Africa in the forecast period.
KEY MARKET PARTICIPANTS:
Some of the most promising companies leading the global facial treatment market profiled in this report are Lutronic Corporation, Cutera Inc., Lynton Lasers Ltd., Sciton Inc., Alma Lasers Ltd., Solta Medical Inc., Lumenis Ltd., Cynosure Inc., Strata Skin Sciences Inc., Syneron Medical Ltd., Venus Concept Canada Corporation, and Fotona d.d.
RECENT MARKET HAPPENINGS:
In October 2017, L’Oreal Paris introduced a moisturizer named Revitalift Tripple Power Day Cream, making the skin look younger.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product type
5.1.2 IPL devices
5.1.3 RF devices
5.1.4 Ultrasound devices
5.1.5 LED devices
5.1.6 Laser based devices
5.1.7 Y-o-Y Growth Analysis, By Product type
5.1.8 Market Attractiveness Analysis, By Product type
5.1.9 Market Share Analysis, By Product type
5.2 End User
5.2.1 Dermatology Clinics
5.2.2 Beauty Clinics
5.2.3 Y-o-Y Growth Analysis, By End User
5.2.4 Market Attractiveness Analysis, By End User
5.2.5 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product type
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product type
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product type
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Solta Medical Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Lumenis Ltd.
8.3 Cynosure Inc.
8.4 Strata Skin Sciences Inc.
8.5 Syneron Medical Ltd.
8.6 Lutronic Corporation
8.7 Cutera Inc.
8.8 Lynton Lasers Ltd.
8.9 Sciton Inc.
8.10 Alma Lasers Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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