USD 985.15 Billion
Report ID:
SQMIG35D2259 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
87
|Figures:
76
Skin Boosters Market size was valued at USD 1074.82 Billion in 2023 and is poised to grow from USD 1172.63 Billion in 2024 to USD 2353.75 Billion by 2032, growing at a CAGR of 9.1% during the forecast period (2025-2032).
The global skin booster market is experiencing significant growth and is expected to continue expanding in the coming years. Skin boosters are a type of cosmetic injectable that are used to improve skin hydration, elasticity, and overall appearance. They typically consist of hyaluronic acid, a naturally occurring substance in the body that helps retain moisture and promote skin health. One of the key drivers of market growth is the increasing demand for non-surgical cosmetic procedures.
Consumers are seeking minimally invasive treatments that offer natural-looking results with minimal downtime. Skin boosters fit this demand as they provide gradual and long-lasting improvements to the skin's texture and radiance. The market is also benefiting from technological advancements in the field of dermatology and aesthetic medicine. Manufacturers are developing innovative products with improved delivery systems and enhanced formulations, leading to better patient outcomes and higher patient satisfaction.
Geographically, North America have traditionally been the largest markets for skin boosters, driven by the presence of a well-established healthcare infrastructure and a high demand for cosmetic procedures. However, the Asia-Pacific region is emerging as a significant market due to the increasing disposable income, rising awareness about aesthetic treatments, and growing emphasis on beauty and youthfulness.
The market is highly competitive, with several key players operating globally. These companies invest heavily in research and development activities to introduce new and advanced products, expand their product portfolios, and gain a competitive edge in the market. Despite the positive market outlook, there are some challenges that need to be addressed. One such challenge is the high cost associated with skin booster treatments, which can limit their adoption among certain consumer groups.
Additionally, regulatory concerns and safety issues related to cosmetic injectables remain a subject of scrutiny and may impact market growth. Overall, the global skin booster market is witnessing steady growth, driven by increasing consumer demand for non-surgical cosmetic procedures, technological advancements, and a growing emphasis on beauty and aesthetics. With ongoing innovations and expanding market reach, the market is expected to flourish in the foreseeable future.
The Global Skin Booster Market is witnessing remarkable growth driven by the increasing focus on skincare, rising awareness regarding aesthetic treatments, and advancements in dermatological technology. Skin boosters, comprising hyaluronic acid and other nutrients, are gaining popularity as minimally invasive treatments to improve skin hydration, texture, and overall appearance.
The market is propelled by the growing demand for non-surgical cosmetic procedures, particularly among the aging population seeking to address signs of aging such as wrinkles, fine lines, and loss of skin elasticity. Moreover, the rising prevalence of skin conditions like dryness, dullness, and uneven skin tone, coupled with changing lifestyles and environmental factors, is driving consumer interest in skin booster treatments. Key players in the market are investing in research and development to introduce innovative formulations and delivery methods, enhancing the efficacy and safety of skin booster treatments
Additionally, strategic partnerships, mergers, and acquisitions are prevalent strategies adopted by market players to expand their product portfolios and geographical reach. However, challenges such as regulatory scrutiny, potential side effects, and the availability of alternative skincare treatments may impede market growth. Nonetheless, the increasing adoption of combination therapies, personalized skincare solutions, and the growing acceptance of aesthetic procedures across diverse demographic segments are expected to fuel market expansion in the coming years. Geographically, North America leads the global skin booster market, driven by high consumer spending on skincare products and aesthetic procedures, along with a strong presence of dermatological clinics and cosmetic surgeons.
Europe follows closely, supported by the presence of key market players, rising beauty consciousness, and favorable reimbursement policies in some countries. Meanwhile, the Asia Pacific region is witnessing rapid market growth attributed to increasing disposable income, changing beauty standards, and the burgeoning medical tourism industry in countries like South Korea, Japan, and China. Overall, the skin booster market is poised for continued growth, propelled by the rising demand for advanced skincare solutions and aesthetic treatments worldwide.
US Skin Boosters Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 985.15 Billion
Largest Segment
Female
Fastest Growth
Female
Growth Rate
9.1% CAGR
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The global skin boosters market is segmented on the basis of product type, distribution channel, end-user, and region. By type, the market is segmented into mesotherapy and micro-needle. By gender, the market is segmented into female and male. By end user, the market is segmented into Dermatology Clinics and MedSpa. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
The global skin boosters’ market is categorized based on type into Mesotherapy and Microneedle. Among these, the mesotherapy segment held the largest market share of 54.5% in 2022. This can be attributed to the safety and effectiveness of mesotherapy as compared to micro needling. Mesotherapy involves the use of needles that penetrate deeper into the skin, allowing practitioners to deliver targeted products for specific skin concerns such as pigmentation, hydration, or texture improvement.
While micro needling skin booster treatments have also shown effectiveness, the procedure requires multiple microscopic punctures on the skin's surface. In contrast, mesotherapy involves a single booster injection into the epidermis, resulting in increased treatment efficacy. Additionally, mesotherapy treatments have a shorter downtime compared to micro needling, further contributing to its high market share in the segment.
Analysis By Gender
The global skin boosters’ market is divided into two segments based on gender: females and males. The female segment exhibited dominance in the market. Med Beauty Australia has reported that men have a higher collagen density in their skin compared to women, suggesting that women tend to experience faster collagen loss as they age. Both men and women typically lose around 1% of collagen by the age of 30, but hormonal conditions like menopause can exacerbate this process more significantly for women. As a result, women are more inclined to opt for rejuvenating procedures compared to men.
However, it is worth noting that the male population is increasingly leaning towards natural aesthetic treatments due to the growing influence of social media and the desire to present a flawless appearance on social platforms. According to CNBC News, men are now seeking to combat ageism in the workplace, which has become a new trend. The American Society of Plastic Surgeons has also reported a nearly 20 percent rise in the number of men undergoing aesthetic treatments, including surgery, laser treatments, and injectables. These factors collectively contribute to the anticipated growth of the market.
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North America emerged as the dominant market in 2022. This strong presence can be attributed to the increasing demand for cosmetic procedures among both adults and the elderly population. The American Society of Plastic Surgeons (ASPS) conducted a comparative analysis of cosmetic surgery procedure rates, revealing that North America boasted the highest volume of non-surgical aesthetic treatments worldwide. Consequently, it is anticipated that North America will continue to be a major source of revenue for non-invasive aesthetic treatments in the foreseeable future.
Meanwhile, Asia-Pacific is projected to experience the highest compound annual growth rate (CAGR) of 10.6% during the forecast period, with countries such as China, India, and Thailand playing a significant role. These developing nations have witnessed an increasing emphasis on physical appearance, thereby driving the demand for non-invasive aesthetic treatments. Specifically, India is expected to demonstrate the most rapid growth among all countries during the forecast period.
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Skin Boosters Market Drivers
Growing Inclination to Look Young and Photogenic
Skin Boosters Market Restraints
High Product Costs and Low Penetration
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The global skin booster market is characterized by intense competition and active market participation. Major regions driving market growth include North America, Europe, and the Asia-Pacific region. Players in the market are focused on research and development activities to introduce innovative products and expand their offerings. However, challenges such as high treatment costs and regulatory considerations need to be overcome to ensure long-term market expansion.
Skin Boosters Market Top Player’s Company Profile
Skin Boosters Market Recent Developments
In October 2023, “Skinvive”, the first injectable of its kind was launched in the U.S. Skinvive, is a new hyaluronic acid filler approved by the FDA in May 2023.
In November 2023, Mibelle launched RejuveNAD, a natural NAD+ booster for skin care. NAD+ is the oxidized form of Nicotinamide adenine dinucleotide (NAD), a coenzyme central to metabolism. NAD+ plays a crucial role in various cellular processes and has received significant attention in anti-aging supplements.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global skin booster market analysis, the increasing consumer demand for non-surgical cosmetic procedures, advancements in technology, and a growing emphasis on preventive skincare are the key growth drivers. North America has traditionally been the dominant region in the global skin booster market, driven by a well-established healthcare infrastructure and a high demand for cosmetic procedures. However, the Asia-Pacific region is emerging as the fastest-growing region. Factors such as rising disposable income, increasing awareness about aesthetic treatments, and a growing focus on beauty and youthfulness are fuelling the market growth in this region. Additionally, the presence of a large population base and a growing middle class with changing lifestyle preferences are contributing to the expansion of the skin booster market in the Asia-Pacific region.
Technological advancements in dermatology and aesthetic medicine, such as improved delivery systems and enhanced formulations, are driving the market forward. Companies are investing in research and development activities to introduce innovative products and expand their product portfolios. They are also focusing on developing personalized and tailored solutions to meet the individual needs of consumers. However, challenges such as high treatment costs and regulatory concerns related to cosmetic injectables need to be addressed for sustained market growth. The market is highly competitive, with several key players operating globally and actively striving to gain a competitive edge through product innovation and strategic partnerships.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 985.15 Billion |
Market size value in 2031 | USD 2157.42 Billion |
Growth Rate | 9.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
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KEY MARKET INSIGHTS
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MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Skin Boosters Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Skin Boosters Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Skin Boosters Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35D2259
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