The Non-Surgical Rejuvenation Market size is forecast to reach $9.6 billion by 2025, growing at a CAGR of 8.17% during the forecast period 2020-2025. Non-surgical rejuvenation treatment is mostly done to restore the facial structure and rigidness to enhance beauty. Depth of treatment and invasiveness vary according to the procedure type and requirement. The growing number of procedures, increasing aging and mid-aged population coupled with increasing spending on nonsurgical rejuvenation products is the major factor driving the growth of the market. The shift from invasive to non-invasive treatment for aesthetic enhancement has been subtle, and the spending capacity of end-users is set to further enhance the overall market demand for the Non-Surgical Rejuvenation Market during the forecast period 2020-2025.
Non-Surgical Rejuvenation Market Segment Analysis - By Product Type
The Micro Abrasion Equipment held the largest share in the Non-Surgical Rejuvenation Market in 2019 and is estimated to grow at a CAGR of 7.8% during the forecast period 2020-2025. Microdermabrasion treatments use a mildly abrasive instrument to gently sand the skin, removing the thicker, uneven outer layer. This type of skin rejuvenation is used to treat light scarring, discoloration, sun damage, and stretch marks. It can help treat fine lines and wrinkles, clogged or enlarged pores, dark spots, sun damage, and stretch marks. It can reduce light acne scarring and help balance both oily and dry skin. Chemical peels can improve the skin's appearance. In this treatment, a chemical solution is applied to the skin, which makes it blister and eventually peel off. The new skin is usually smoother and less wrinkled than the old skin. The Micro Abrasion Equipment is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
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Non-Surgical Rejuvenation Market Segment Analysis - By End Users
The Hospitals held the largest share in the Non-Surgical Rejuvenation Market in 2019. Patients prefer non-invasive procedures in hospitals since these incur less procedure time and provide faster recovery as well. Non-surgical rejuvenation are procedures in which doctor uses it to help diagnose a person’s medical problem or to measure the severity of the problem. The results of procedures also help a doctor or other health professional to plan the best course of non-surgical rejuvenation. Availability of advanced non-surgical rejuvenation options in hospitals is also increasing the patients preference towards hospitals. The Hospitals is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
Non-Surgical Rejuvenation Market Segment Analysis - By Geography
North America dominated the Non-Surgical Rejuvenation Market in 2019 with a share of more than 37.19%, followed by the Asia Pacific owing to early aging, easy access to treatment, and beauty products in the local markets. Ever-increasing awareness about the innovations and developed procedures and the urge to enhance their beauty quickly and painlessly is also increasing the growth of the Non-Surgical Rejuvenation Market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the increasing number of non-invasive or minimum invasive procedures as well as rapidly aging and large mid-aged population. Increasing demand for prescription drugs instead of over-the-counter cosmetic products for nonsurgical rejuvenation treatments and procedures is also increasing the growth of the Non-Surgical Rejuvenation Market in this region.
Non-Surgical Rejuvenation Market Drivers
Increasing spending on non-surgical rejuvenation products
Increasing spending on non-surgical rejuvenation products is increasing the growth of the Non-Surgical Rejuvenation Market. Aesthetic medicine uses minimally invasive cosmetic procedures to improve the appearance of people. The demand for minimally invasive cosmetic procedures has led to an increase in the growth of cosmetic products. Among baby boomers, especially in developing countries, aesthetic medicine is a growing trend as people consider it as a part of normal health treatment owing to their desire to maintain a natural and healthy appearance. Patients not only want to be fit and healthy but also want to minimize the effects of aging. In developing countries, the cost of high-quality treatment is lower when compared with developed countries, which drives people to these countries for treatment. Improvements in healthcare infrastructure and the availability of high-quality medical services in developing countries will propel market growth for medical tourism. Thus, increasing the growth of the Non-Surgical Rejuvenation Market during the forecast period 2020-2025.
Rising demand for cosmetic treatments
The rising demand for cosmetic treatments is increasing the growth of the Non-Surgical Rejuvenation Market. The increase in the number of people who choose to have medical procedures done to improve their appearance can be owing to changing social and cultural factors in modern society, as well as the ease of access and affordable costs of these cosmetic treatments. Reconstructive surgery is used to reconstruct a person’s appearance that have been damaged by injury or disease; it can also be necessary in some cases; whereas cosmetic surgery or beauty, surgery is done to improve or restore the appearance. Thus, increasing the growth of the Non-Surgical Rejuvenation Market during the forecast period 2020-2025.
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Non-Surgical Rejuvenation Market Challenges
High cost of procedures, and unavailability of reimbursement options for minimally invasive treatments and procedures in emerging economies.
Some of the factors that is set to impede the growth of the Non-Surgical Rejuvenation Market are the high cost of procedures and the unavailability of reimbursement options for minimally invasive treatments and procedures in emerging economies.
Non-Surgical Rejuvenation Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Non-Surgical Rejuvenation Market. In 2019, the Non-Surgical Rejuvenation Market share is consolidated by the top ten players present in the market. Non-Surgical Rejuvenation Market, the top 10 companies are Anika Therapeutics, Inc., Merz GmbH & Co. KGaA, Revance Therapeutics, Inc., Biopolymer GmbH & Co. KG, Limenis, Mentor Worldwide LLC, Fibrocell, Inc., Contura International A/S, Cynosure, Inc., and Gal derma among others.
Acquisitions/Product Launches
In April 2018, Oil Seeds International Inc. acquired Louis Dreyfus Company which owns and operates oilseeds crushing and refining facilities.
Key Takeaways
North America dominated the Non-Surgical Rejuvenation Market in 2019 owing to the early aging, easy access to treatment, and beauty products in the local markets. The Non-Surgical Rejuvenation Market scope for different regions will be provided in the final report.
Increasing disposable income of consumers in developing countries and rising demand for cosmetic treatments is likely to aid in the market growth of the Non-Surgical Rejuvenation Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Non-Surgical Rejuvenation Market report.
The high cost of procedures and unavailability of reimbursement options for minimally invasive treatments and procedures in emerging economies is poised to create hurdles for the Non-Surgical Rejuvenation Market.
Related Reports :
A. Surgical Rejuvenation Market
https://www.industryarc.com/Report/16911/surgical-rejuvenation-market.html
B. Medical Aesthetic Devices Market
https://www.industryarc.com/Research/Medical-Aesthetic-Devices-Market-Research-502098
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