Chemical Peel Market - Forecasts from 2024 to 2029

Chemical Peel Market - Forecasts from 2024 to 2029

The chemical peel market is anticipated to expand at a CAGR of 6.22% over the forecasted period, from US$821.050 million in 2024 and is expected to account for US$1,110.420 million by 2029.

A chemical peel is a skin-resurfacing procedure in which a chemical solution is applied to the skin to remove top layers, improving the generation of new skin cells and reestablishing a smoother, young-looking complexion. This may be performed alone or combined with additional cosmetic surgery procedures and can be done in various layers from mild to deep. This is because while deeper chemical peels provide greater and better results, they require longer recovery timelines. Light, Medium, and Deep are the three depths at which chemical peels can be performed.

The light chemical peel type removes only the external layer of skin, which is the epidermis, to address soft wrinkles, acne, uneven skin tone, and dryness. A medium chemical peel can treat wrinkles, acne scars, and uneven skin tone. It works by entering the epidermis and upper portion of the middle layer of skin, i.e., the dermis. Meanwhile, a deep chemical peel enters the skin a few layers deep, employed only for more profound wrinkles, scars, or pre-cancerous developments, performed at a doctor's suggestion.

The expansion in the chemical peel market is mainly due to changing lifestyles among individuals, the aging populace, and the rising accessibility and skin benefits of these peels. Potential challenges that may be faced by the market are possible side effects, high costs, treatment alternatives, and regulatory constraints. However, the market is anticipated to witness expansion during the forecasted period.

CHEMICAL PEEL MARKET DRIVERS:

Rising demand for skin rejuvenation procedures is predicted to bolster the global chemical peel market growth.

Chemical peels are a common treatment method for skin concerns such as wrinkles, fine lines, skin scars, acne, and hyperpigmentation. When done properly, results can rival those of more significant skin-improving procedures that have various mechanisms for skin rejuvenation. Growing mindfulness concerning the requirement of less downtime is driving individuals to prefer nonsurgical aesthetic methods, such as chemical peels, to attain younger-looking skin with no imperfections.

Moreover, the advancement of skincare routines through numerous social media stages and influencers has made people aware of skin rejuvenation methods like chemical peels. For instance, as per the American Society of Plastic Surgeons, 2023 Procedure statistical data, the minimally invasive cosmetic procedures of skin resurfacing, which includes chemical peels, reported an increment of 5% from 3,322,292 procedures performed in 2022 to 3,501,696 procedures performed in 2023. This is expected to promote the chemical peel market globally with a rise in technological innovation in these procedures.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Market Segmentation:

The Chemical Peel market is segmented and analyzed as below:

By Type

Light Peel or Superficial Peel
Medium Peel
Deep Peel

By Application

Acne Spots and Scars
Wrinkles and Fine Lines
Hyperpigmentation
Dark Circles
Sun Damage
Others

By End-Users

Dermatology Clinics
Medical Spas
Hospitals
Others

By Geography

North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
Japan
China
India
South Korea
Indonesia
Thailand
Others