Facial Injectable Market Value to Reach US$ 28.13 Bn by 2030

The global facial injectable market is expected to reach the value of US$ 28.13 Billion by2030 and is predicted to record a growth rate of 9.7% from 2021-2030.

The consumers are focusing on the physical appearance and therefore the market for facial injectables has increased in the recent years. Many key players have increased beauty campaigns in order to increase awareness regarding the minimally invasive procedures, which is driving the factor for the market growth. consumers are also becoming more aware about their appearance. It has increased the demand for various cosmetic surgeries.

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Market for facial injectables, or facial surgeries, has increased during the pandemic as there was an ease of recovery while staying at home due to lockdowns across the world. In order to asthetically appealing people are opting for these surgeries. Due to increased use of social media, rising effectiveness of such surgeries, the market is growing. There are two categories of the facial injectables which are high end and sophisticated technological based products. Collagen, Hyaluronic acid are commonly used products. They’re gaining popularity due to safety and the cost-effective qualities.

Report highlights.

• On the basis of the products use, the botulinum toxic type A segment is expected to grow during the forecast. The botulinum toxic type A cosmetic is also known as Botox by the patients. The segment is expected to show a great growth during the forecast. It helps in temporarily removing facial lines and wrinkles. It also helps in removing the creases from the forehead and the frown lines from the treated locations.
• On the basis of application, the aesthetic segment has dominated the market. The facial injectable market have an increased usage for the synthetic operations, such as facial lines, lip lines, wrinkles and so there is an expansion of the segment. The therapeutic segment is also expected to grow during the future years.

Regional snapshot.

North American region has dominated the market. The presence of the geriatric population in US and Canada is anticipated to increase the demand for this market. North America is expected to be a key revenue generator due to an increase of about 845% in Botox injections. Due to a growing focus on the physical appearance in developing nations, the Asia Pacific market is projected to witness a good CAGR during the forecast. Major growth will be seen in Australia, South Korea and India. India is expected to be the fastest growing market during the forecast. Due to increased geriatric population in the Asia pacific market the facial injectables market is expected to grow

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Market dynamics.

Drivers.

There’s an increased awareness for aesthetic procedures in the people. The disposable income in the economically developing nations has also increased that led to the growth in this market. Many people are opting for various filler injections in order to improve their appearance. The stigma associated with these surgeries has considerably reduced due to the awareness. An increased demand for the aesthetic procedures across the globe will raise the market for the global facial injectables during the forecast.

Restraints.

According to the American Society of Plastic Surgeons, the average cost of the hyaluronic acid fillers is $682 per syringe. One syringe does not serve the purpose. So in order to attend the intended results more is needed. For the treatment of the forehead or the eye area, about 30 to 40 units may be used. The cost may go up to 600$. The high costs that are linked with the facial injectables are hindering the market growth.

Opportunities.

Just like the female population there is an increase in the male population to adopt facial injectables during the forecast. So it is expected to increase the demand worldwide. This trend is expected to contribute to the market growth. Also the less invasive procedures which are the popular alternative customers do not opt for invasive cosmetic procedures. As a result, facial injectables market is expected to grow.

Challenges.

There are many negative effects of the facial injectables market. These negative effects shall hamper the growth depending upon the injection techniques used by the service provider. The patient may have bruises or stiffness. There is an increased risk of bruising in case of a large number of fillers used. The fear of all these side effects is expected to pose a challenge for the growth of the global facial injectables market.

Recent developments.

Revance Therapeutics and Ajinomoto Bio Pharma Services announced a manufacturing agreement in order to supply Daxibotulinumtoxin A for injection in 2020.

Restylane defyne Received the US FDA approval for Chin augmentation in the year 2021

In 2020, Allergan Aesthetics received the FDA approval for JUVEDERM VOLUMA XC for chin augmentation in adults over the age of 21.

Merz aesthetics launched Radiesse (+) in 2022 as the first and only aesthetic injectable to improve severe to medium loss of jawline contour.

Some of the key players in the market include:

• Johnson & Johnson
• Syneron Candela
• Lumenis
• Hologic
• Solta Medical
• Alma Laser
• Galderma
• Dickinson and Company
• Antares Pharma
• Novartis AG

Market Segmentations:

By Product

• Collagen
• Hyaluronic Acid (HA)
• Botulinum Toxin Type A
• Calcium Hydroxylaptite (CaHA)
• Polymer Fillers
• Others

By Application

• Aesthetics
• Therapeutics

End User

• Hospitals
• Specialty Clinics
• Spa & Beauty Clinics

By Generation

• Gen X
• Boomer
• Millennials

Regional Segmentations:

• North America (U.S. and Canada)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

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