Global facial rejuvenation market is estimated to be valued at US$ 24,616.7 million in 2022 and is expected to exhibit a CAGR of 7.7 % during the forecast period (2022-2030).
Figure 1. Global Facial Rejuvenation Market Share (%), by Region, 2022
Increasing product launch and approvals for facial rejuvenation are expected to drive growth of the facial rejuvenation market.
Figure 2. Global Facial Rejuvenation Market Share (%), by End User, 2022
Increasing approvals of technologically advancement are expected to drive market growth during the forecast period.
Global Facial Rejuvenation Market– Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.
COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, faced problems with regard to the transportation of drugs and vaccines, etc. from one place to another.
However, the COVID-19 pandemic had a positive impact on the global facial rejuvenation market. During the pandemic, 11% of women surveyed in U.S. indicated they are more interested in cosmetic surgery or non-surgical procedures now than before COVID-19, and the figure is even higher among women who have already had surgery or a procedure – 24%, respectively. Moreover, 35% of women who have previously had at least one cosmetic surgical procedure or minimally invasive procedure plan to spend significantly or somewhat more on treatments in 2021 than in 2020.
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