Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Skin Boosters Market size is expected to reach $1.5 billion by 2027, rising at a market growth of 8.8% CAGR during the forecast period.
The Micro-needle segment is showcasing a CAGR of 9.3% during (2021 - 2027). This is because skin booster therapies using micro-needling have also been shown to be beneficial. The treatment, however, necessitates many small punctures on the skin's surface. The procedure promotes the production of new collagen and skin tissue, resulting in firmer, smoother, and more toned skin. It's usually used to treat big pores and scars on the face.
The Female segment acquired maximum revenue share in the Global Skin Boosters Market by Gender 2020, thereby, achieving a market value of $1.2 billion by 2027. In 2021, the Female segment procured the maximum revenue share of the Skin Boosters Market. This is because men have a higher density of collagen in their skin than women, according to MedBeauty Australia, meaning that women lose collagen more quickly as they age. By the age of 30, both men and women have lost about 1.0 percent of their collagen, although hormonal factors like menopause make this worse. As a result, women are more likely than males to seek out skin renewal treatments. According to the International Society of Cosmetic Plastic Surgery, women accounted for 88 percent of all aesthetic treatments performed in 2019, while men accounted for only 12 percent.
The Dermatology Clinics market has shown growth rate of 10.4% during (2021 - 2027). This is because of the growing number of dermatology clinics and practices around the world. In countries such as the United States, the United Kingdom, Canada, and India, an increasing number of people are seeking cosmetic operations from skin specialists in order to look younger and more attractive. Hence, these aspects would drive the growth of the segment during the forecasting period.
The North America is the fastest growing region in the Global Skin Boosters Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $527.4 million by 2027. The Europe market is experiencing a CAGR of 8.1% during (2021 - 2027). Additionally, The Asia Pacific market would expect a CAGR of 10.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/skin-boosters-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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