Report ID: UCMIG35B2088
Report ID:
UCMIG35B2088 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global chemical peel market was worth USD 1,763.7 million in 2021 and is predicted to grow at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030. The market growth is attributed to the increasing awareness of skincare and aesthetics globally. Women are more prone to acne, pigmentation, and wrinkles than men, thus making up a significant portion of the customer base. Men, on the other hand, may experience more severe skin outbreaks than women but less frequently. The market is driven by factors such as rising disposable income and growing concern for physical appearance. The COVID-19 pandemic had an adverse effect on the cosmetic products market, leading to a decline in the industry's growth rate.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Supplies by segment aggregation, the contribution of the Health Care Supplies in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35B2088