Global Rhytidectomy Market Size 2024, Forecast To 2033
6 Mar, 2024
The rhytidectomy market has witnessed robust growth, progressing from $2.63 billion in 2023 to $2.83 billion in 2024, marking a compound annual growth rate (CAGR) of 7.6%. The growth in the historical period is credited to factors such as surgeon expertise and training, increased accessibility and affordability, the influence of marketing and media, economic conditions, and improvements in safety and efficacy. Expecting strong growth in the next few years, the market is projected to reach $3.7 billion in 2028 at a CAGR of 6.9%. The growth in the forecast period can be attributed to factors like consumer confidence and spending, the influence of social media, trends in health and wellness, medico-legal developments, and the rising awareness of beauty consciousness. Noteworthy trends during this forecast period include celebrity endorsements and public figures, an increased demand among younger demographics, the cultural perception of aging, heightened awareness and education, and a growing demand for natural-looking results.
Global Rhytidectomy Market Key Driver
The rhytidectomy market is anticipated to experience growth due to the increasing demand for cosmetic procedures. Cosmetic surgery, encompassing both surgical and nonsurgical interventions to enhance body structures for improved appearance and confidence, is witnessing a surge in demand. Rhytidectomy, a specific type of cosmetic surgery addressing visual signs of aging on the neck and face, is expected to benefit from this growing demand. According to the American Academy of Facial Plastic and Reconstructive Surgery Inc. (AAFPRS) in February 2022, the number of surgical and nonsurgical facial plastic surgery treatments performed in 2021 increased by 40% compared to 2020, totaling approximately 1.4 million procedures. This substantial rise in cosmetic procedures indicates a heightened demand that will contribute to the growth of the rhytidectomy market in the coming years, with positive market size values expected in 2023, 2024, and 2028.
Get A Free Sample Of The Global Rhytidectomy Market ReportGlobal Rhytidectomy Market Segments
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
By Geography:The regions covered in the rhytidectomy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the rhytidectomy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global rhytidectomy market report during the forecast period. The regions covered in the rhytidectomy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Rhytidectomy Industry Players
Piedmont Plastic Surgery & Dermatology, The Plastic Surgery Center, USA Health Plasticrio, Plastic Surgery KC, London Bridge Plastic Surgery, University of South Alabama Health System, Aset Hospital, Milada Plastic Surgery Hospital, Galderma S.A., Millennium Surgical Corporation, Enhance Medical Group, BSR ENT Hospital, Candela Medical Corporation, Allergan Aesthetics, Sientra Inc., Cynosure LLC, Mentor Worldwide LLC, PPSD Plastic Surgery Center, Thermo Fisher Scientific Inc., ABEC Ltd., Eli Lilly and Company, Medtronic plc, Siemens Healthineers AG, Micron Technology, Inc., NVIDIA Corporation, Intel Corporation, International Business Machines Corporation, Amazon Web Services, Inc., Koninklijke Philips N.V., Enlitic Inc., General Electric Company, Cobham plc, Ultra Electronics Holdings plc, Chemring Group plc, Hanwha Corporation, Bharat Electronics Limited, IWI - Israel Weapon Industries
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Rhytidectomy Market Overview
Rhytidectomy refers to a surgical procedure aimed at reducing visible signs of aging by removing excess facial skin, tightening underlying muscles, and repositioning tissues to create a more youthful and rejuvenated appearance. The procedure targets sagging skin, deep folds, jowls, and loose neck skin, resulting in a smoother, firmer, and more lifted facial contour.
Rhytidectomy Global Market Report 2023 provides data on the global rhytidectomy market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rhytidectomy market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.