Market Overview
Rhytidectomy
Market is projected to achieve a value of USD 4.1 Billion in 2023, with a
linear behavior in the market growth it is forecasted to achieve a value of USD
8.12 Billion by 2033 with a CAGR of 8.4% during the forecast period 2023-2033.
Rhytidectomy,
commonly called a facelift, aims to minimize the appearance of noticeable signs
of aging on the face and neck. It involves trimming excess skin, repositioning
the skin, and lifting and tightening the underlying facial tissues to provide a
smoother, more youthful appearance. This process targets face contours, sagging
skin, and wrinkles to give a rejuvenated and renewed appearance for those who
wish to look younger.
The
market for rhytidectomy is the segment of the economy that specializes in
facelifts, or cosmetic surgery. It addresses the increasing interest in
improving the appearance of the face by encompassing the supply, demand, and
trends related to these surgeries. The need for a more youthful appearance,
technical developments enhancing procedure safety and efficacy, and enhanced
accessibility are the factors propelling this market. The global aging
population and changing beauty standards have led to a steady growth in the
rhytidectomy market, which attracts consumers looking for cosmetic upgrades as
well as healthcare professionals who offer specialized surgical solutions to
suit this need.
The
Rhytidectomy Market, which is focused on aesthetic and cosmetic facial
rejuvenation operations, is dynamic and impacted by a range of factors,
including opportunities, challenges, and growth drivers in the sector.
Procedures for rhytidectomy have seen changing trends. Because patients want
less risks and less downtime, the market is witnessing an increase in demand
for minimally invasive procedures like injectable fillers and thread lifts.
Furthermore, a trend toward outcomes that look more natural has given rise to
creative strategies that emphasize modest improvements. Customized treatment
regimens made to meet the requirements of each patient are becoming more and
more common. Furthermore, patient preferences and expectations are still
impacted by social media and celebrity culture. There are multiple factors
driving the growth of the market for rhytidectomy.
The
COVID-19 pandemic had a major effect on the rhytidectomy business, temporarily
slowing growth as a result of postponing elective procedures and worries about
patient safety. Lower patient access and reluctance to have cosmetic procedures
were caused by lockdowns, travel restrictions, and the focus of healthcare
resources on pandemic response. In addition, many people postponed
non-essential treatments due to economic worries. On the other hand, the market
began to rebound with a rise in demand for cosmetic operations as limitations
loosened and immunization rates rose. Although there have been continuing
adjustments to account for changing patient preferences and healthcare
practices, the market for rhytidectomy has rebounded due to increased knowledge
of virtual consultations, safety protocols, and pent-up demand.
Market Scope
Report Attributes |
Description |
Market Size in 2022 |
USD
3.21 Billion |
Market Forecast in 2033 |
USD 8.12
Billion |
CAGR % 2023-2033 |
8.4% |
Base Year |
2022 |
Historic Data |
2016-2022 |
Forecast Period |
2023-2033 |
Growth Drivers |
Growing
awareness and acceptance of cosmetic procedures, including facelifts,
contribute to the expansion of the market. Advances in surgical techniques, anesthesia, and technology used in facelift procedures can drive market growth. Improved safety, reduced recovery times, and enhanced results may attract more individuals to consider rhytidectomy. The correlation between rising disposable income levels and the demand for cosmetic procedures is well-established. As economies grow and disposable incomes increase, more people may be able to afford elective cosmetic surgeries, including facelifts. |
Report USP |
Production, Consumption, company share,
company heatmap, company production capacity, growth factors and more |
Segments Covered |
By Type, By Age
Group, By Gender, By End Use and By Region |
Regional Scope |
North America, Europe, APAC, South
America and Middle East and Africa |
Country Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies |
Cutera, Inc., Allergan, Inc., Lumenis
Ltd., AQTIS Medical, Solta Medical, Inc., Merz GmbH & Co. KGaA, Sciton,
Inc., Suneva Medical, Inc., Alma Lasers Ltd., Syneron Medical Ltd., Cynosure,
Inc., Ulthera, Inc., Galderma S.A. and other. |
Market Dynamics
Market Drivers
Changing
beauty standards
The
rhytidectomy market is significantly impacted by the redefinition of beauty standards.
As societal norms shift, younger appearances are more sought for. People who
are drawn to popular notions that glorify firm, youthful skin may consider
cosmetic procedures such as facelifts. The media, celebrity influence, and
online platforms all heighten these expectations, which drives up demand for
anti-aging operations. Consequently, the demand for rhytidectomy procedures
rises, catering to individuals who aspire to meet contemporary beauty
standards. This tendency encourages creativity, technique development, and
accessibility to such treatments. It is a reflection of the constant
interaction between evolving aesthetic standards and trends in cosmetic
surgery.
Advancements
in surgical techniques
Technological
developments in surgery are driving the rhytidectomy market. Technological
advancements including tissue manipulation, endoscopic techniques, and
minimally invasive procedures minimize scarring, speed up recovery, and improve
overall safety. These advancements attract a wider range of people, allaying
concerns about surgery and producing more natural-looking outcomes. By
utilizing advanced methods, surgeons provide customized solutions that address
a range of patient requirements, hence promoting market expansion. Improved
accuracy, lower risks, and better results further enhance the allure of
facelift treatments, creating a vibrant market propelled by ongoing developments
in surgical techniques.
Market Restrains
Quality
Control and Regulatory Compliance
The
high expense of rhytidectomy procedures prevents the market from growing
further. Due to financial limitations, many prospective patients are unable to
pursue surgery because of the significant expenses associated with it,
including surgeon fees, facility costs, and post-operative care. Cosmetic
procedures are primarily out of reach for those with significant financial
resources because insurance rarely covers them. The number of people who can
have facelifts is restricted by this exclusivity, which has an impact on market
expansion. The desire for youthful appearances outweighs the market's potential
growth because to the high cost of rhytidectomy. This emphasizes the
requirement for more affordable or easily obtainable products in order to cater
a wider customer.
Market By Type Analysis
By Type, the Rhytidectomy Market is
Categories into Mini Facelift, Full Facelift. The Full Facelift segment
accounts for the largest share of around 84% in 2022.
Compared to mini facelifts, complete
facelifts provide more comprehensive rejuvenation by treating many signs of
aging on the face and neck. This appeals to those seeking more comprehensive
and dramatic results, which raises the demand for full facelift procedures.
Market By Age Group Analysis
By Age Group, the Rhytidectomy Market is
Categories into 30 - 39 Years, 40 - 54 Years, 55 - 69 Years, 70 Years and Above.
The 55 - 69 Years segment accounts for the largest share of around 83% in 2022.
Trends show that this group is becoming
more interested in facelift operations. In order to address age-related facial
drooping and wrinkles, many people in this age range choose rhytidectomy with
the goal of achieving natural-looking outcomes. In keeping with their
preferences for a faster recovery, minimally invasive treatments are becoming
more and more popular. In addition, the fact that individuals in this age range
value keeping a young appearance and self-confidence further adds to the
consistent demand for facelift procedures due to their increasing financial
stability.
Market By Gender Analysis
By Gender, the Rhytidectomy Market is Categories into Male, Female. The Female segment accounts for the largest share of around 86% in 2022.
Social pressure and the value placed on
youth are the main factors driving the female subsegment of the rhytidectomy
market. Cultural conventions frequently impose greater expectations on women to
preserve a youthful appearance, which drives up demand for facelift treatments
among women who want to either meet or beyond these standards of beauty
Market By End Use Analysis
By End Use, the Rhytidectomy Market is
Categories into Hospitals, Clinics, Others. The Hospitals segment accounts for
the largest share of around 48% in 2022.
Hospitals are a major end-use market.
Hospitals provide a sterile and controlled environment for facelift treatments
to ensure patient safety. A popular trend in this industry is the use of
minimally invasive treatments and state-of-the-art surgical technologies to
shorten hospital stays and enhance patient outcomes.
Market Regional Analysis
North
America dominate the Rhytidectomy Market with the highest revenue generating
market with share of more than 41%. The market is expanding due to the region's
high disposable income, aging population, and rising interest in cosmetic operations.
North America's biggest markets are in the United States, Canada, and Mexico.
The
European market is the second largest in the world. The market is expanding
because to the region's high disposable income, aging population, and rising
need for less invasive therapies. Europe's largest market is Germany, which is
followed by the UK, France, and Italy.
Asia
Pacific is seeing the fastest growth in the world's Rhytidectomy market. The
market is expanding because to the region's aging population, increased
disposable income, and growing demand for cosmetic operations. In Asia Pacific,
China is the biggest market, followed by South Korea, Japan, and India.
Competitive Analysis
The
Rhytidectomy Market is dominated by a few large companies, such as Cutera,
Inc., Allergan, Inc., Lumenis Ltd., AQTIS Medical, Solta Medical, Inc., Merz
GmbH & Co. KGaA, Sciton, Inc., Suneva Medical, Inc., Alma Lasers Ltd.,
Syneron Medical Ltd., Cynosure, Inc., Ulthera, Inc., Galderma S.A. and other.
There
are some of the key trends that are shaping the competitive landscape of the Rhytidectomy
Market.
In
2021, Allergan Aesthetics and Cypris Medical have signed a warrant agreement
that gives Allergan the chance to purchase Cypris Medical and its Xact device
after a 2021 clinical trial is finished. This is a calculated move to increase
the range of medical devices that Allergan Aesthetics offers.
Research Report Following Segments:
By Type
·
Mini Facelift
·
Full Facelift
By Age Group
·
30 - 39 Years
·
40 - 54 Years
·
55 - 69 Years
·
70 Years and Above
By Gender
·
Male
·
Female
By End Use
·
Hospitals
·
Clinics
·
Others
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Conclusion
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Rhytidectomy Market was valued at USD 3.21 Billion in 2022.
Rhytidectomy Market size will increase at approximate CAGR of 8.4% during the forecasted period.
Major companies operating within the Rhytidectomy Market are Cutera, Inc., Allergan, Inc., Lumenis Ltd., AQTIS Medical, Solta Medical, Inc., Merz GmbH & Co. KGaA, Sciton, Inc., Suneva Medical, Inc., Alma Lasers Ltd., Syneron Medical Ltd., Cynosure, Inc., Ulthera, Inc., Galderma S.A. and other.
North America dominates the market with an active share of 41%.
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