Skin Boosters Market

According to Stratistics MRC, the Global Skin Boosters Market is accounted for $1.03 billion in 2022 and is expected to reach $1.96 billion by 2028 growing at a CAGR of 11.3% during the forecast period. Skin boosters are injections that endorse collagen structure and improve the skin's natural ability to self-heal. These boosters are vitamin, hyaluronic acid, and mineral micro-injections that are injected into the epidermis to renew, hydrate, and revitalize the skin for a natural shine. These can be used on the neck, face, hands, and neckline but do not contour or shape the facial structure. In addition, the desire for glass skin, which has a porcelain-like, light texture and is free of impurities and blemishes, has escalated the use of skin boosters.

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 prevalence of melanoma and non-melanoma skin cancers is rising significantly. According to The Skin Cancer Foundation, around 10,130 people die due to melanoma every year in the U.S. Furthermore, American Cancer Society 2018 statistics stated that in the U.S., around 91,270 new melanoma cases are expected to be diagnosed in that year. Meanwhile, the American Academy of Dermatology (AAD) estimated that 1 in 3 Americans visit dermatologists, and 1 in every 4 are affected with skin disease every year. Hence, there is a growing need for rapid diagnosis of skin disorders.



Market Dynamics:

Driver:

Rising inclination to look young and photogenic

Through the global epidemic and subsequent espousal of the work-from-home model, the wrinkle treatment witnessed a massive demand from all parts of the world. Moreover, meetings, virtual interviews, and sessions are becoming common, have augmented to desire to be photogenic. In addition, the huge popularity of Facebook & Instagram and the trend of uploading photos on these social media platforms have enthused people to hold skincare treatments. Furthermore, industry players have begun to interact with influencers who have a large following in order to sell their treatments.

Restraint:

High product costs and low penetration

High costs allied with these treatments would pose a serious challenge to the market players. The cost of the treatment is resolute by a diversity of factors, including the capability and credentials of the person doing the process, the type of method employed, and the quantity of time and effort required for the process or therapy. Additionally, as of the non-permanent nature of these materials, the person may need to undergo further aesthetic procedures. Consequently, the individual's financial burden grows, and they may choose not to undergo these treatments. Also, many individuals choose to avoid these injections owing to the comparatively low cost of alternative skincare products.

Opportunity:

Technological advancement in this industry

Skincare products offer advantages such as softening the skin as well as invigorating cells, which helps to give a fresh look. Innovations and advancements in technology in the personal care & beauty industry, such as the expansion of artificial intelligence (AI) and IoT-based devices that offer adapted skin sustenance solutions to individuals, are gaining considerable traction, which is anticipated to boost the product demand. For instance, in July 2019, Shiseido Company Limited launched its new IoT-based service called “Optune,” which tells about the skincare requirements according to an individual’s skin condition. Likewise, Kao Corporation and L’Oréal introduced AI-based skincare solutions to attract a consumer base. Thus, techno-savvy individuals are expected to explore new devices, which in turn will foster market growth.

Threat:

Excessive use and misuse can cause cell damage and obstruct growth

Regular use of cosmetic products for an extended time can damage the skin, which can result in skin irritation, redness, burning sensation, discoloration, and rapid aging of skin cells. Some of the skin nourishment products are only meant to be used for particular skin types, such as dry skin or oily skin. However, consumers tend to purchase products by focusing on brand name and ignore other product details, which tend to damage their skin. Moreover, few products can also show allergic reactions and the development of pimples due to certain ingredients used, which are not suitable for the particular individual. Therefore, these are some of the major challenging factors responsible for hampering the market growth.

Covid-19 Impact

The epidemic of COVID-19 has a considerable impact on the non-invasive aesthetic commerce as a entire. Though, numerous aesthetic professionals believe that pandemics would undoubtedly drive the aesthetic market forward. The numeral of future appointments and consultations for various skin treatments has increased at many dermatological clinics, which is likely to support market growth. Despite the fact that the COVID-19 pandemic has had a detrimental influence on a number of businesses, the skin booster market has seen a rise in treatments. The concept of working from home has been widely popularized due to Covid-19. The increased demand to look more appealing on virtual platforms, such as Zoom, during meetings and conferences is a new trend in the aesthetics sector. Several dermatology clinics have witnessed a growth in the number of future visits and consultations for various skin treatments, which is projected to propel the global skin boosters market.

The male segment is expected to be the largest during the forecast period

The male segment is estimated to have a lucrative growth due to the increasing influence of social media and the need to seem flawless on social platforms, the male population is shifting toward natural aesthetic treatments. According to CNBC News, males are increasingly wishing to combat ageism in the workplace, which has become a prominent trend.

The mesotherapy segment is expected to have the highest CAGR during the forecast period

The mesotherapy segment is anticipated to witness the fastest CAGR growth during the forecast period, as it is a safer substitute to micro-needling and can fabricate effectual effects as the needles infiltrate deeper into the skin in mesotherapy treatments than in micro-needling. With mesotherapy treatments, practitioners can choose which products to inject into the skin based on the skin condition they're addressing, such as pigmentation, hydration, or texture enhancement.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period, due to high-quality and cost-effective therapy, the presence of developing countries such as India, China, and Thailand, increasing emphasis on physical attributes in these developing nations, increased disposable income, and an increasing incidence rate of skin disorders such as psoriasis and atopic dermatitis. Moreover, aesthetic operations have long been popular in Asian countries. India has been identified as one of the fastest developing markets owing to the growing popularity of social media among teenagers and adults.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the increasing disposable income of the people, rising demand for cosmetics among the aging and the adult population, and increasing proliferation of non-invasive medical aesthetic equipment for facial rejuvenation in the region. The region is expected to witness a significant rise in demand for skin tightening, removing pigmentation and wrinkles, thereby driving the industry considerably in the region. North America is expected to be a key revenue generator for non-invasive aesthetic treatment in the coming years.

Key players in the market

Some of the key players profiled in the Skin Boosters Market include Bloomage Biotechnology Corporation Limited, Galderma, IBSA – Institute Biochemical SA (IBSA Derma), Teoxane SA, Merz Aesthetics, Filorga, Professional Derma SA, and Allergan Plc.

Key Developments:

In Feb 2021: Galderma received U.S. Food and Drug Administration (FDA) approval for Restylane Defyne for increasing and correcting mild to moderate chin retrusion for adults over the age of 21. Restylane Defyne is the first and only chin filler to exhibit results in a diverse group of people, including people of all skin types, men, and those over the age of 52.

In October 2020, Allergan acquired the aesthetics division of Luminera which is an Israeli Research And Development company specializing in dermal fillers that are easy for injectors to work with and provide natural-looking, skin rejuvenating results.

In Apr 2019: Merz introduced Belotero Revive, a dermal filler product containing a unique combination of hyaluronic acid (HA) and glycerol. The new product is developed to enhance hydration, elasticity, and firmness of the skin and to eliminate the appearance of fine lines. Through this product launch, the company would offer physicians a new dermal injectable that can be utilized for early intervention as well as beautification; to assist fulfills the unique needs of individual patients.

In Oct 2018: Teoxane unveiled a sterile RHA topical skin booster. The RHA topical skin booster is a cross-linked resilient hyaluronic acid (RHA) gel that can be used in between micro-needling and fractional laser skin rejuvenation operations. Moreover, this product strengthens the dermis and delivers significant antioxidant protection, leaving the skin on the face, neck, and décolleté looking naturally more radiant and bright.

Genders Covered:
• Male
• Female

Types Covered:
• Micro-Needle
• Mesotherapy

End Users Covered:
• Dermatology Clinics
• MedSpa
• Hospital
• Beauty Agency

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances