USD 16.1 billion
Report ID:
SQMIG35I2287 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
100
|Figures:
76
Global Facial Injectables Market size was valued at USD 10.1 billion in 2022 and is poised to grow from USD 11.31 billion in 2023 to USD 28.01 billion by 2031, growing at a CAGR of 12.00% during the forecast period (2024-2031).
The global facial injectables market size is projected to grow in the forthcoming years attributing to the growing need to enhance facial aesthetic treatments. Facial injectables industry refers to the production, distribution, and utilization of injectable substances used for facial aesthetic treatments. These products are mainly used as anti-aging product that reduces wrinkles, restores volume, and enhances overall facial skin.
Facial injectables mainly follows two types of methods viz botulinum toxin and dermal fillers. These methods particularly increase the glow on face skin and naturally facilitates the skin texture with moisture. The market growth is likely to witness a significant traction as the demand for facial cosmetics has grown. Also, with the rise in disposable income in the youth, the market is projected to witness positive consumer spending on beauty and cosmetic products.
US Facial Injectables Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 16.1 billion
Largest Segment
Hospitals
Fastest Growth
botulinum toxin
Growth Rate
9.1% CAGR
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Global Facial Injectables Market is segmented by Product, Application, End-use and region. Based on component, the market is segmented into Collagen & PMMA Microspheres, Hyaluronic Acid (HA), Botulinum Toxin Type A, Calcium Hydroxylapatite (CaHA), Poly-L-lactic Acid (PLLA), and Others. Based on Application, the market is segmented into Facial Line Correction, Lip Augmentation, Face Lift, Acne Scar Treatment, Lipoatrophy Treatment, and Others. Based on End-use, the market is segmented into MedSpas, Dermatology Clinics, Hospitals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Facial Injectables Market Analysis by Type
Based on the Type, botulinum toxin accounted for a largest market share followed by collagen, hyaluronic acid, calcium hydroxyl apatite, polylactic acid, polymethyl-methacrylate microspheres (pmma), fat injection, others. Middle-aged women are increasingly turning to fillers and injectables such as botox to reverse the effects of aging. The market for the hyaluronic acid (HA) segment is anticipated to witness the fastest CAGR throughout the forecast period. It is well-known for its capacity to retain moisture in the skin, making it appear healthier. HA has a moisture-binding property that aids in the enhancement and maintenance of the necessary moisture that contributes to the plumpness of the facial skin. Cosmetic-grade HA has a low molecular weight, which allows for deeper penetration of the product into the epidermis. This also aids in the retention of water in the cells and the release of antioxidants.
Facial Injectables Market Analysis by Application
The global facial injectables market has been segmented based on application as wrinkle reduction, facelift, acne scar therapy, lip augmentation, lipoatrophy treatment, and others. Among these, the wrinkle reduction segment of the market dominated the market due to significant product releases in these segments, as well as various investment initiatives in this segment to produce unique items. Lip enhancement was the second most popular segment due to its high market share and rising demand for lip aesthetic enhancements. Finally, the facelift market is expected to be the third leading segment, owing to rising demand for aesthetic operations that restore lost volume to the facial areas.
Facial Injectables Market Analysis by End-user
The global market is segmented by end-users into hospitals and ambulatory surgery centres, dermatology and cosmetic clinics, and others. During the forecast period, the dermatology and cosmetic clinics sector is expected to dominate the market. This end-user setting's dominance is due to the high volume of injectable facial procedures performed in dermatology and cosmetic clinics. Furthermore, because these treatments need little to no recovery time, many people choose to have these fillers placed in these areas. During the projected period, hospitals and ambulatory surgery centres is expected to be the second-largest segment.
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North America held the largest share of the facial Injectables market due to the high demand for aesthetic procedures; Followed by Europe due to the high amount of cosmetic operations in the region, such as botulinum toxin type A and different dermal fillers. Furthermore, new product releases in the region by companies with high expenditure patterns are projected to fuel the market in coming years.
Asia Pacific is anticipated to witness a highest CAGR during the forecast period 2023-2030. The growth of the region is attributed to factors such as the sharp rise in disposable income in Asian nations, rising interest in cosmetic surgery, and increased attention given to new product releases by major market players. Furthermore, Middle East and Africa accounted for a considerably smaller market share. However, several countries such as Mexico and Brazil have witnessed significant increases in facial injectable procedures the in recent years.
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Facial Injectables Market Driver
Millennials to create a huge demand for facial injectables in cosmetic industry
Facial Injectables Market Restraints
Stringent regulators and costly treatments to challenge the market growth
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The Global Facial Injectables market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.
Facial Injectables Market Top Player's Company Profiles
Facial Injectables Market Recent Developments
In March 2022, Galderma presented its new clinical data and high patient satisfaction across its portfolio of dermal fillers, collagen bio stimulators, and liquid neuromodulators at AMWC 2022. Galderma presented a range of new scientific data on its portfolio on its hyaluronic acid dermal filler range, its first liquid neuromodulator, and its original collagen biostimulator at the Aesthetic & Anti-Aging Medicine World Congress 2022.
In February 2022, Amneal expanded its injectables portfolio with 4 new products. Dexamethasone sodium phosphate injection, USP 10 mg/mL, azacitidine 100 mg, carboprost tromethamine injection, USP 250 mcg/mL, and atropine sulfate injection, USP 0.5 mg/5 mL, have received Abbreviated New Drug Application (ANDA) approval from the US Food and Drug Administration (US FDA). Dexamethasone and azacitidine are both currently on the FDA drug shortage list, and Atroprine was granted Competitive Generic Therapy (CGT) status by the FDA.
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According to global facial injectables market report analysis, North America held the largest share of the facial injectables market due to the high demand for aesthetic procedures. Europe follows the league due to high amounts of cosmetic operations in the region, such as botulinum toxin type A and different dermal fillers.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 10.1 billion |
Market size value in 2031 | USD 28.01 billion |
Growth Rate | 12.00% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Facial Injectables Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Facial Injectables Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Facial Injectables Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Facial Injectables Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35I2287
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