LAMEA Skin Boosters Market Size, Share & Industry Trends Analysis Report By Type (Mesotherapy and Micro-needle), By Gender (Female and Male), By End User, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Skin Boosters Market would witness market growth of 13.2% CAGR during the forecast period (2021-2027).
The growing disposable income, intense advertising activities, and the debut of innovative products by manufacturers, urban areas have seen an increase in customers' propensity toward various skincare treatments. Additionally, consumers are becoming more aware of skin diseases and treatments, which is motivating them to begin taking skincare treatments. Moreover, an increasing number of women are opting for anti-aging treatments, which would help industry players to capitalize on the trend and roll out innovative and cost-effective skin boosters in the market.
Between the ages of 25 and 30, signs of aging such as poor skin texture, lack of skin elasticity, firmness, and dark spots begin to develop, and between the ages of 30 and 65, they grow more noticeable. In addition, people have become highly conscious of their skin and beauty, resulting in high demand for skincare products. Moreover, the desire to look young among millennials, as well as the increased consumption of aesthetic procedures by both men and women, particularly in emerging economies, are expected to boost the market.
Certain rising countries are likely to give strong returns as investment increases. According to the American Society of Plastic Surgeons (ASPS), Brazil had the second-highest number of cosmetic treatments in 2018, with over 2.3 million, followed by Mexico (1.0 million). Moreover, higher awareness about aesthetic surgical procedures, technological advancements in cosmetic procedures, the presence of key market players, an increasing geriatric population, and demand for non-invasive aesthetic procedures are some of the key trends of the regional market.
Factors such as rising lifestyle-related demands, more awareness about self-grooming, a high adoption rate of minimally invasive procedures over traditional procedures, and technological breakthroughs in the skin boosters are all driving the Brazilian industry. According to a report by the International Society of Aesthetic Plastic Surgery, there were 155,650 facial rejuvenation procedures performed in Brazil in 2019.
The Brazil market dominated the LAMEA Skin Boosters Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $28.8 million by 2027. The Argentina market is anticipated to grow at a CAGR of 13.8% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 12.9% during (2021 - 2027).
Based on Type, the market is segmented into Mesotherapy and Micro-needle. Based on Gender, the market is segmented into Female and Male. Based on End User, the market is segmented into MedSpa and Dermatology Clinics. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Skin Boosters Market is Predict to reach $1.5 Billion by 2027, at a CAGR of 8.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bloomage Biotechnology Corporation Limited, Teoxane SA, Laboratories Filorga Cosmétiques (Colgate-Palmolive Company), IBSA Institut Biochimique SA, Allergan PLC (AbbVie), Galderma S.A., and Merz Pharma GmbH & Co. KGaA.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Dermatology Clinics
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Bloomage Biotechnology Corporation Limited
- Teoxane SA
- Laboratories Filorga Cosmétiques (Colgate-Palmolive Company)
- IBSA Institut Biochimique SA
- Allergan PLC (AbbVie)
- Galderma S.A.
- Merz Pharma GmbH & Co. KGaA
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