Facial Injectables Market
Growth Factors of Facial Injectables Market
The facial injectables market size was valued at USD 8.93 billion in 2023, and the market is now projected to grow from USD 9.54 billion in 2024 to USD 17.24 billion by 2032, exhibiting a CAGR of 7.7% during the forecast period of 2024-2032.
According to COVID-19 impact, the overall demand for cosmetic products has dropped drastically across global markets, and therefore, the sale of cosmetics has also plunged. Top market stakeholders cut their revenues from facial injectables during the second quarter of 2020 significantly. Pandemic restrictions and lockdowns also reduced opportunities to undergo aesthetic procedures, which also affected this industry. Therefore, the cosmetic market was on less favorable ground as tested by these challenges during this period.
In the last ten years, there has been increased quests in cosmetic surgeries and minimally invasive or non-surgical procedures, including botulinum Toxin and dermal fillers. Several people go for such treatments if only to make them look young without having to go through surgeries which are invasive. Procedures that require invasive means require a lot of time in the recovery process, as well as posing various risks to the patient; therefore, non-invasive procedures are preferable. This trend is in line with the general trends observed towards more affordable and safer cosmetic procedures.
One of the trends in the market is a tendency towards the increase of demand for non-surgical or least invasive aesthetic procedures for different age, including male consumers. Surgeries such as botulinum toxin injections, dermal fillers, and other cosmetic procedures are becoming popular among men to aid in enhancing their looks to improve on the aspect of aging. This change is due to altering the perception that the grooming of males and cosmetics in general are appropriate only for females, influencing the increase in attractiveness of cosmetic procedures among men. For these reasons, the market for such treatments remains wide open.
Comprehensive Analysis of Facial Injectables Market
The facial injectables market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, by application analysis and by end-user analysis. By type analysis incudes botulinum toxin, collagen, hyaluronic acid, calcium hydroxylapatite, Poly-L-lactic Acid (PLLA), polymethyl-methacrylate microspheres (PMMA), fat injection, and others. By application analysis incudes wrinkle reduction, facelift, acne scar treatment, lip enhancement, lipoatrophy treatment, and others. By end-user analysis incudes hospitals & ambulatory surgery centers, dermatology & cosmetic clinics, and others.
The North America region lead the facial injectables market share by benefitting a market size of USD 4.26 billion in 2023 due to highly aware and economically stable population.
Top players in the market have their responsibility of healthcare industrial prospectus growth of the retailing industry and the markets. These players include, Allergan Aesthetics (AbbVie Inc.), Ipsen Pharma, Merz Pharma, GALDERMA, BIOPLUS CO., LTD., Bioxis Pharmaceuticals, Sinclair (Huadong Medicine Co., Ltd.), Revance Therapeutics, Inc., Medytox, Prollenium Medical Technologies these market players provide a level-playing competitive landscape.
In October 2023, Sinclair and ATGC Co., Ltd. entered a strategic collaboration, granting Sinclair a global exclusive license to develop and commercialize ATGC’s botulinum toxin product, ATGC-110, for treating glabellar lines.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.7% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
- Botulinum Toxin
- Collagen
- Hyaluronic Acid
- Calcium Hydroxylapatite
- Poly-L-lactic Acid (PLLA)
- Polymethyl-methacrylate Microspheres (PMMA)
- Fat Injection
- Others
By Application
- Wrinkle Reduction
- Facelift
- Acne Scar Treatment
- Lipoatrophy Treatment
- Lip Enhancement
- Others
By End-user
- Hospitals & ASCs
- Dermatology and Cosmetic Clinics
- Others
By Region
- North America (By Type, Application, End-user, and Country)
- U.S.
- Canada
- Europe (By Type, Application, End-user, and Country/Sub-region)
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
- Asia Pacific (By Type, Application, End-user, and Country/Sub-region)
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
- Southeast Asia
- Rest of Asia Pacific
- Latin America (By Type, Application, End-user, and Country/Sub-region)
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (By Type, Application, End-user, and Country/Sub-region)
- GCC
- South Africa
- Rest of the Middle East & Africa