The Rhytidectomy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Rhytidectomy Global Market Report 2024, The rhytidectomy market size has grown strongly in recent years. It will grow from $2.63 billion in 2023 to $2.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to surgeon expertise and training, accessibility and affordability, marketing and media influence, economic conditions, improvements in safety and efficacy.
The rhytidectomy market size is expected to see strong growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to consumer confidence and spending, social media influence, health and wellness trends, medico-legal developments, rise in beauty consciousness. Major trends in the forecast period include celebrity endorsements and public figures, rising demand among younger demographics, cultural perception of aging, increased awareness and education, demand for natural-looking results.
The increasing demand for cosmetic procedures is expected to drive the rhytidectomy market. Cosmetic surgery includes surgical as well as nonsurgical procedures to reshape and enhance the structures of the body to improve appearance and confidence. Rhytidectomy is a type of cosmetic surgery that helps to improve the visual signs of aging on the neck and face. The increase in demand for cosmetic procedures will increase the demand for rhytidectomy. For instance, in February 2022, according to the American Academy of Facial Plastic and Reconstructive Surgery Inc. (AAFPRS), a US-based medical organization dedicated to facial plastic and reconstructive surgeries, the number of surgical and nonsurgical facial plastic surgery treatments performed in 2021 grew by 40% as compared to 2020. In 2021, roughly 1.4 million surgical and nonsurgical procedures were performed. Therefore, increasing demand for cosmetic procedures will contribute to the growth of the rhytidectomy market.
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The rhytidectomy market covered in this report is segmented –
1) By Type: Traditional Facelift, Superficial Musculoaponeurotic System (SMAS) Facelift, Deep Plane Facelift, Mid Facelift, Mini Facelift, Cutaneous Facelift
2) By Age: 30-39 Years, 40-54 Years, 55-69 Years, 70 Years And Above
3) By Area of Treatment: Mandibular, Chin, Nasal, Jaw, Injectable, Malar
4) By End User: Hospitals, Clinics, Other End Users
Technological advancements are the key trend gaining popularity in the rhytidectomy market. Companies operating in the rhytidectomy market are introducing technologically advanced products to sustain their position in the market. For instance, in January 2023, BTL Aesthetics, a UK-based medical equipment company, launched Emface, a new non-invasive facial treatment. Emface uses high-intensity focused electromagnetic (HIFEM) technology specifically designed to stimulate and tone the facial muscles. The treatment aims to reduce the appearance of wrinkles, fine lines, and sagging skin by inducing powerful muscle contractions that help to improve muscle definition and skin elasticity. The non-invasive device is placed on the patient’s face, and the HIFEM technology works to target and contract the facial muscles, resulting in a firmer, more toned appearance.
The rhytidectomy market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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