SEATTLE, June 03, 2021 (MEDGADGET) – Impact of the COVID-19 epidemic
The American Society of Plastic Surgeons has advised postponing all elective or non-essential services, leading to a decrease in the number of cosmetic procedures such as chemical peels, botulinum toxin therapy, dermabrasion and the like, thus suffocating the market for anti-aging treatments. growth. According to an article published in the Aesthetic Journal on April 3, 2020, the COVID-19 lockdown in London caused the closure of 81% of clinics and 67% of revenue losses.
In addition, due to the COVID-19 pandemic, many skin care and cosmetic companies are seeing their revenues drop. On May 12, 2020, Shiseido Corporation, a Japanese multinational personal care company, released its financial statements for the first quarter of 2020, announcing a decrease in net revenues of 14.6% and 19.2% in North America and Asia -Peaceful. , respectively.
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The body adapts better to the recovery of missing cells in the early stages of human life because it is stable and long-lasting. The body’s ability to repair and replace these cells declines with age, leading to cell death and, consequently, aging. In addition, unhealthy lifestyles such as smoking and excessive consumption of processed foods and alcohol contribute to premature aging. The appearance of dark spots on the skin, sagging skin, fine lines and wrinkles, dull complexion and patchy skin are all symptoms of aging. Botulinum toxin treatment, chemical peels, microdermabrasion, and the use of anti-wrinkle and anti-aging products all help slow the aging process.
During the forecast period (2020-2027), the anti-aging skincare market should manifest a 7.3% CAGR and should have a market valuation of US $ 21.06 billion in 2020.
The increasing adoption rate of cosmetic procedures for anti-aging treatments is expected to drive the growth of the global anti-aging treatments market during the forecast period.
The increased preference of people for cosmetic procedures such as chemical peels and microdermabrasion is expected to drive the growth of the global anti-aging treatments market during the forecast period. In 2017, the International Society of Aesthetic Plastic Surgery reported that 2,051,984 facial rejuvenation procedures had been performed worldwide, with 357,753 chemical peels and 268,423 microdermabrasion procedures.
- According to the type of product: Anti-wrinkle products, UV absorbers, Anti-wrinkle products, Anti-stretch mark products, Anti-wrinkle products, Others.
- According to technology: dermabrasion, botulinum toxin therapy, fractional laser skin resurfacing, microdermabrasion, dermal fillers, chemical peels, non-ablative skin rejuvenation.
- Depending on the end user: hospitals, home care facilities, skin care clinics, others.
During the forecast period, the global anti-aging treatment market is expected to expand owing to the increased launch of new advanced anti-aging drugs.
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Industry players are focused on expanding their product portfolio by introducing new innovative anti-aging treatment products, which are expected to fuel the growth of the global anti-aging treatment market during the forecast period. For example, NuFACE, a provider of microcurrent treatments in home care facilities, introduced the FIX line smoothing serum and the FIX line smoothing system in January 2019.
The device is designed to target fine lines and wrinkles around the lips, eyes and forehead when used with the serum.
The high cost associated with cosmetic procedures is expected to hamper the growth of the global anti-aging treatment market during the forecast period. The estimated cost of botox care in the United States is US $ 397, according to the American Society of Plastic Surgeons, while a single microdermabrasion session costs around US $ 131 and a chemical peel costs around US $ 669.
The key companies contributing to the global anti-aging treatment market are Beiersdorf AG, PhotoMedex, Inc, NuFACE, Ostium Cosmetics, Rodan & Fields, LLC, Alma Laser, L’Oréal SA, Estée Lauder Companies, Allergan Plc and Shiseido Company.
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- Global Anti-Aging Treatments Market, By Product Type:
- UV absorbers
- Anti-wrinkle products
- Anti-stretch mark products
- Natural products
- Global Anti-Aging Treatments Market, By Technology:
- Botulinum toxin therapy
- Chemical peels
- Laser fractional skin resurfacing
- Skin fillers
- Non-ablative skin rejuvenation
- Global Anti-Aging Treatments Market, By End User:
- Skin care clinics
- Home care settings
- Global Anti-Aging Treatment Market, By Region:
- North America
- Latin America
- Asia Pacific
- Middle East
- Company Profiles
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