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Skin rejuvenation is basically a cosmetic surgery, which aims to bring about a more youthful appearance of the face. Various facial rejuvenation techniques can be used to accomplish this goal. Such procedures can range in depth and Invasiveness of treatment. It is important for you to understand the kind of skin care treatment that would be best suited for your specific goals and preferences.
Market Dynamics
Increasing focus on aesthetic appeal is expected to propel
growth of the skin rejuvenation devices market. For instance, according to a
2018 survey by Global Data, around three quarters of South Korean men undertake
a beauty or grooming treatment at least once a week. Moreover, increasing
geriatric population is also expected to aid in growth of the market. For
instance, according to the U.S. Census Bureau, the U.S. geriatric population is
expected to reach 77 million by 2034.
Increasing expenditure on personal care products is expected
to offer lucrative growth opportunities for players in the skin rejuvenation devices market. For instance, according to the U.S. Bureau of Labor
Statistics, average annual expenditure on personal care products in the U.S.
increased from US$ 707 in 2016 to US$ 768 in 2018. Moreover, increasing
adoption of facial rejuvenation is also expected to aid in growth of the
market. For instance, according to International Society of Aesthetic Plastic
Surgery, photo rejuvenation was one of the top five nonsurgical procedures for
women while total facial rejuvenation accounted for 276,069 procedures in 2019.
Among regions, North America is expected to witness
significant growth in the skin rejuvenation devices market, owing to high
prevalence of acne in the region. For instance, according to the American
Academy of Dermatology 2018 report, acne is the most common skin condition in
the U.S. affecting around 50 million peoples annually, which is expected to
propel growth of the dermatology devices market.
Competitive Analysis
Major players operating in the skin rejuvenation devices
market include, Cutera Inc., Hologic, Inc., Lutronic Corporation, Syneron
Medical Ltd., Lumenis Ltd., Strata Skin Sciences, Inc., BISON MEDICAL, Solta
Medical Inc., Lynton Lasers Ltd., and EL.En. S.p.A., Sciton, Inc., Fotona
D.O.O. and Alma Lasers, Ltd.
Major players operating in the skin rejuvenation devices
market are focused on approval and launch of new products to expand their
product portfolio. For instance, in August 2020, Cutera, Inc. launched its new
Fraxis PRO progressive dermal remodeling technology.
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