The global facial rejuvenation market reached a value of approximately $3.8 billion in 2012, rising from a total of $3.2 billion in 2010. Growth within the market looks set to continue over the coming years, with a valuation of $6.6 billion expected by 2017.
Growth will be driven by a number of factors, including an increasingly ageing global population, and an increasing focus on appearance in developing counties such as Brazil, China and Mexico.
Facial rejuvenation is any cosmetic or medical procedure used to increase or restore the appearance of a younger age to human face.
The specific term, however, refers to a set of surgical procedures which try to restore facial geometry and skin appearance which are typical of youth, by using a combination of brow lift, elimination of eye bags, eyelids lift, elimination of senile spots, skin aging, facial sagging and wrinkles by face lift and rhytidectomy and physical or chemical peeling, chin lift (reduction of double chin), and restoration of facial hairline.
A major contributing factor to growth in the global facial treatments market is the aging worldwide population. The baby boom generation control approximately $2 trillion in spending power and 50% of all discretionary income. This segment of the population has a demonstrated a great desire to retain a youthful appearance, which has been driving growth for aesthetic products.
Furthermore, modern society's obsession with appearance not only for personal reasons but also for perceived competitive advantage is driving the global facial rejuvenation market.
In 2011, the American Society of Plastic Surgeons (ASPS) estimated 119,026 facelifts, and 46,931 forehead lifts (also known as a brow lift) were performed.
However, while surgical procedures are preferred to achieve a more dramatic improvement, the current trend is for less invasive procedures, such as injectables (Botox, fillers) and laser skin treatments. While these treatments achieve temporary results, they tend to be preferred due to their less intensive recovery period.
Major players currently dominating the facial rejuvenation market include Allergan, Valeant, Merz, Galderma, Syneron/Candela, Obagi, Cynosure, Syneron, Solta, Lumenis, Palomar, and QMed/Galderma.
For more information on the global facial rejuvenation market, see the latest research: Global Facial Rejuvenation Market
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