As per the current market research conducted by FMI, the global Microcurrent Facial Market is expected to record a CAGR of 7.3% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 400.12 million. By 2033, the valuation is anticipated to reach US$ 754.38 million.
The market for aesthetic professionals is expected to experience significant growth due to several factors, including the rising demand for anti-aging treatments, the increasing popularity of non-surgical skin care options, and the strong influence of social media.
One particular area of growth is the increasing pool of patients seeking microcurrent facials. This is partly due to a growing awareness of the risks and complications associated with invasive surgical procedures and a preference for non-surgical cosmetic procedures that are considered safe and effective. Microcurrent treatments have a proven track record of being targeted, safe, and effective and have been used for decades.
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The microcurrent facial market is expected to see the skin-tightening segment emerge as a crucial revenue generator, accounting for a significant share of 33.7% in 2023. The market is categorized based on various applications such as skin rejuvenation, anti-aging, skin tightening, and others.
The microcurrent facial market is anticipated to witness a notable growth rate of 7.5% in the coming years, mainly driven by the skin rejuvenation segment. This growth is attributed to the rising demand for skin rejuvenation procedures, which are among the most sought-after treatments in the cosmetic industry.
Non-invasive procedures like microcurrent facials have become increasingly popular for skin rejuvenation due to their effectiveness in delivering noticeable results without causing pain, unlike invasive treatments. This has contributed to the growing demand for skin rejuvenation procedures in the cosmetic industry.
By 2023, the medspa sector is projected to capture a substantial portion of the revenue share, accounting for 44.2%. The growing popularity of microcurrent facials, which offer effective results with minimal invasiveness, has been propelled by social media trends and influencers, leading to its integration as a crucial component of the medspa market.
The at-home segment is projected to experience a substantial growth rate of 7.2% in the foreseeable future, driven by the increasing demand for customized microcurrent facials. This has resulted in the emergence of trendy at-home devices like the NuFace Trinity face gym pure lift face and facial toning device, contributing significantly to the growth of the segment.
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Key Takeaways:
- Microcurrent facial treatment is becoming a popular choice in the United States due to its cost-effectiveness compared to more invasive cosmetic procedures.
- Europe is a well-known hub for medical tourism, attracting numerous individuals from other countries seeking cosmetic treatments. The region’s reputation for offering top-notch microcurrent facial treatments has been a significant contributor to the growth of the market.
- According to the Plastic Surgery Statistics Report, there were 13.2 million minimally-invasive cosmetic procedures conducted in 2020. The market’s expansion is attributable to the introduction of different insurance schemes covering aesthetic and cosmetic procedures, which has raised consumer awareness and acceptance of these treatments.
Competitive Background:
The key players operating in the microcurrent facial market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the microcurrent facial market. As a result, market participants are likely to have a better overall revenue share in the global microcurrent facial market.
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Recent Developments in the Microcurrent Facial Market
- In 2019, CACI International, the United Kingdom-based company specializing in non-surgical anti-aging treatments, acquired the assets of Silhouette Beauty Group, a distributor of CACI products in Australia.
- LightStim, a company that produces LED light therapy devices for skin rejuvenation, acquired an interest in a microcurrent facial device company called TAMA Research Corporation in 2015.
Significant Market Players:
- Skin Body Health Clinic
- Skintherapy
- American Face and Body Clinic
- Medicis Medical Spa
- SkinLab USA
- Skinglow Clinic
- Wyndham Place Clinic
- Enhance Aesthetics and Laser Clinic
- The Ottawa Skin Clinic
- Renajo Skin Clinic
Key Segments of Microcurrent Facial Industry Survey
Application:
- Anti-aging
- Skin Tightening
- Skin Rejuvenation
- Others (Dark circle reduction, minor contouring)
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End User:
- Medspa
- At-home
- HCP-owned clinic
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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