There’s no doubt that the medical spa is here to stay. Baby boomers and an increasingly younger crowd seeking preventive measures are flocking to estheticians and medical professionals providing chemical peels, fillers, microdermabrasion and more. There’s a steady market of these clients who are looking for treatments best performed under a doctor’s watchful eye, but another market is emerging, as well—those who want less invasive treatments with equally effective results.
According to research firm Global Information Inc., the global cosmeceuticals market is growing at a rate of 7.7% annually, and is poised to reach $42.4 billion by 2018. As the population ages and consumer awareness increases, so does the demand for these medically inspired skin care products.
“We observe a global trend in the cosmetic industry, which shows that cosmetic companies are more and more following some processes inspired from the pharma companies,” notes Fabrice Lefevre, scientific marketing manager at ingredient company, Induchem. “As a consequence, molecules with a high level of purity, safety and efficiency become the holy grail of cosmetic companies.”