Facial Skin Ablative Treatment Market Research Report: By Technology (Radiofrequency Microneedling, Dermal Fillers, Laser Skin Resurfacing, Mesotherapy), Application (Wrinkles, Aging, Acne and Other Scars, Hyperpigmentation), Demography (Generation X, Baby Boomers, Generation Y, Generation Z) - Global Industry Analysis and Demand Forecast to 2030

Facial Skin Ablative Treatment Market Overview

The global facial skin ablative treatment market generated $4,134.6 million revenue in 2019, which is projected to progress at a CAGR of 7.8% during 2020–2030. The major factors responsible for the growth of the market include the increasing number of aesthetic procedures being performed across the world, booming population of elderly people, advancements in technology, rising disposable income, and surging awareness about advanced aesthetic treatments, via seminars and conferences.

Due to the current COVID-19 pandemic, the facial skin ablative treatment market has been negatively impacted. This is mainly due to the availability of smaller workforces and government mandates for lockdowns. This, in turn, has affected the sales of products globally, as a consequence of the reduced demand, impacted monthly income of individuals, closure of manufacturing facilities to limit the spread of the virus, and constraints with respect to the handling and transportation of goods.

Due to Fewer Side-Effects and High Effectiveness, RF Microneedling Category To Witness Fastest Sales Growth

Based on technology, radiofrequency (RF) microneedling is expected to witness the highest growth rate in the global facial skin ablative treatment market during the forecast period. This is attributed to the large number of benefits associated with it, such as better outcomes without the need for repetitive processes, safety, and fewer side-effects.

High Prevalence of Acne in Both Men and Women Helping Acne and Other Scars Category Dominate Market

Based on application, the acne and other scars category held the largest share in the facial skin ablative treatment market during the historical period (2014–2019), and it is expected to retain its position in the coming years. This would primarily be due to the high prevalence of acne in both men and women across the world.

Due to Huge Population, Generation Y Category Raises Highest Demand for Facial Skin Ablative Treatment Products

Based on demography, the generation Y category dominated the market in the historical period. This was majorly due to the huge population of the people in this age group, coupled with the high prevalence of skin diseases and growing appearance consciousness among them.

Increasing Awareness Regarding Advanced Technologies Supports Domination of North America Market

North America accounted for the largest share in the facial skin ablative treatment market in 2019, and it is expected to maintain its position in the coming years. This will be due to the high prevalence of skin conditions, including acne and other types of scars; strong presence of key market players in this region, rising awareness regarding advanced technologies, and increasing concerns among people about their physical appearance. For instance, according to the American Academy of Dermatology (AAD), acne affects around 50 million Americans annually.

Rising Healthcare Expenditure and Disposable Income Driving Product Sales in APAC

The Asia-Pacific (APAC) region is expected to advance at the highest growth rate in the facial skin ablative treatment market in the coming years. This would majorly be due to the growing healthcare expenditure and personal disposable income, increasing investments by manufacturers, expanding aesthetic medical tourism sector, and growing population in the region. For instance, according to the World Bank, the healthcare expenditure of Japan was 9.1% of its gross domestic product (GDP) in 2010, which increased to 10.9% of the GDP in 2018.

Inclination toward Improved Appearance Is Key Trend in Market

In current times, both men and women are becoming conscious of their appearance and, thus, are willing to invest in energy-based aesthetic treatments, such as laser skin resurfacing. According to the American Society for Dermatologic Surgery (ASDS) in 2017, the number of people who wanted to opt for a cosmetic treatment had doubled since 2013. Moreover, according to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2012, around 43.0% of the population between 31 and 45 years of age opted for cosmetic procedures. Therefore, the rising demand for cosmetic procedures is leading to significant growth in the market.

Growing Geriatric Population Is Boosting Market Growth

The geriatric population is playing a pivotal role in the growth of the facial skin ablative treatment market, as old age is associated with the loss of fibrous tissue, thus leading to the occurrence of wrinkles, dryness, pigmentary alteration, and skin sagging. According to the United Nations Department of Economic and Social Affairs (UNDESA), the population of individuals aged 65 years and above will reach 356.6 million in China, 225.4 million in India, 84.8 million in the U.S., and 52.0 million in Brazil by 2050.

Rising Disposable Income Is Driving Volume of Facial Skin Ablative Treatments

Globally, the rising disposable income is allowing people to spend more on the maintenance of their appearance and treatment of their skin. This, in turn, is resulting in a rising inclination toward cosmetic procedures. According to the U.S. Bureau of Labor Statistics (BLS), there has been an increase in the personal disposable income of the U.S. population from $10,935.0 billion in 2008 to $15,521.8 billion in 2018, and it is further expected to reach $23,132.7 billion by 2028.

Increasing Awareness on Aesthetic Procedures Propelling Facial Skin Ablative Treatment Market

A number of conferences, exhibitions, and seminars are being organized globally in order to raise awareness among healthcare professionals and the general public about the advancements in cosmetic and aesthetic treatments. For instance, EuroMediCom (Informa Group) organized the Aesthetic & Anti-Aging Medicine World Congress (AMWC) in Monte Carlo, Monaco, in April 2019, which featured five sessions on aesthetics and anti-aging, with discussions and knowledge sharing by opinion leaders and experts.

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Market Players Are Focusing on Product Launches to Gain Competitive Edge

The global facial skin ablative treatment market competition is characterized by the presence of various players, such as Alma Lasers Ltd., Imdad LLC , Cutera Inc. , EL.EN. S.p.A., Syneron Medical Ltd., Sciton Inc. , Laseroptek Co. Ltd., Lumenis Ltd., and Fotona D.o.o.

In recent years, players in the facial skin ablative treatment market have been actively involved in product launches to cut through the strong market competition.

• In August 2020, Cutera Inc. launched its Fraxis PRO progressive dermal remodeling technology for improving traditional skin revitalization procedures. It combines two clinically proven technologies — fractional CO2 for skin resurfacing and RF microneedling for total dermal remodeling — in a single device. Fraxis PRO can be used to treat a number of skin conditions, including fine lines, wrinkles, persistent acne scars, burn scars, and stretch marks, by layering the CO2 laser energy with RF microneedling.
• In March 2019, Sciton Inc. launched the HALO distinguished partner program. The HALO technology delivers both ablative and non-ablative wavelengths to the same microscopic treatment zone, thus addressing epidermal and deeper-dermal pigmentation, as well as tone and texture issues. HALO’s combination of the ablative and non-ablative wavelengths allows cosmetic surgeons to offer customized treatments.

Key Players in Global Facial Skin Ablative Treatment Industry Include:

Market Size Breakdown by Segment

The global facial skin ablative treatment market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Technology

• Radiofrequency (RF) Microneedling
• Dermal Fillers
• Laser Skin Resurfacing
• Mesotherapy

Based on Application

• Wrinkles
• Aging
• Acne and Other Scars
• Hyperpigmentation

Based on Demography

• Generation X
• Baby Boomers
• Generation Y
• Generation Z

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Austria
  • Switzerland
  • Russia
  • Czech Republic
  • Greece
  • Sweden
  • Denmark
  • Poland
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa