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Facial Injectables Market Size - By Product (Collagen, PMMA Microspheres, Hyaluronic Acid, Botulinum Toxin, Calcium Hydroxylapatite, Poly-L-lactic Acid), Application (Wrinkle Reduction, Facial Line Correction, Face Lift), End-use & Forecast, 2024 - 2032


Published on: 2024-07-10 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

Facial Injectables Market Size - By Product (Collagen, PMMA Microspheres, Hyaluronic Acid, Botulinum Toxin, Calcium Hydroxylapatite, Poly-L-lactic Acid), Application (Wrinkle Reduction, Facial Line Correction, Face Lift), End-use & Forecast, 2024 - 2032

Facial Injectables Market Size

Facial Injectables Market size was valued at USD 9.4 billion in 2023 and is estimated to grow at 10.3% CAGR from 2024 to 2032. Facial injectables are non-surgical cosmetic treatments used to enhance facial features or address signs of aging. They are typically administered via injections into specific areas of the face.

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Populations in many parts of the world are aging, driving an increasing demand for anti-aging treatments. The geriatric demographic seeks aesthetic procedures to maintain a youthful appearance and combat signs of aging such as wrinkles, fine lines, and volume loss. For instance, the World Health Organization (WHO) projects that by 2030, one out of every six individuals globally will be aged 60 years or older.

During this period, the proportion of the population aged 60 years and above will rise from 1 billion in 2020 to 1.4 billion. By 2050, the worldwide population of individuals aged 60 years and older will double, reaching 2.1 billion. Additionally, the number of individuals aged 80 years or older is anticipated to triple between 2020 and 2050, reaching 426 million. Therefore, this demographic shift creates a significant market opportunity for facial injectables and other aesthetic medicine which is estimated to reach USD 52.4 billion by 2032.

Facial Injectables Market Report Attributes
Report Attribute Details
Base Year 2023
Facial Injectables Market Size in 2023 USD 9.4 Billion
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 10.3%
2024 – 2032 Value Projection USD 22.6 Billion
Historical Data for 2021 – 2023
No. of Pages 121
Tables, Charts & Figures 235
Segments covered Product, Application, End-use, and Region
Growth Drivers
  • Growing geriatric population
  • Technological advancements in facial injectables
  • Increasing awareness and acceptance of aesthetic treatments
Pitfalls & Challenges
  • Stringent regulatory scenario
  • Risk of adverse reactions

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Furthermore, continuous advancements in technology have led to the development of more effective and safer facial injectables. New formulations, delivery systems, and techniques allow for better results, increased precision, and reduced side effects, making these treatments more appealing to a broader range of patients.

Facial Injectables Market Trends

  • The societal perception of cosmetic procedures, including facial injectables, has shifted significantly, stimulated by increased awareness and acceptance. Celebrities and influencers have played a pivotal role in this transformation by openly discussing their experiences with such treatments, helping to destigmatize them and make them more accessible to the public.
  • Through social media platforms, a wealth of educational resources has become available, empowering individuals to make informed decisions about aesthetic enhancements. This cultural shift fosters a more inclusive and accepting environment, where individuals feel empowered to explore cosmetic treatments as a means of enhancing their confidence and well-being.

Facial Injectables Market Analysis

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Based on product, the market is divided into collagen, polymethylmethacrylate (PMMA) microspheres, hyaluronic acid (HA), botulinum toxin, calcium hydroxylapatite (CaHA), poly-L-lactic acid (PLLA), fat injection, and other products. The botulinum toxin segment of the facial injectables market is forecasted to reach USD 8.2 billion by 2032, driven by its widespread use in reducing wrinkles and fine lines.

  • Botox's popularity stems from its efficacy in addressing dynamic wrinkles, advancements in formulations and delivery techniques, and increasing demand for non-invasive cosmetic procedures, particularly among the aging population.
  • Additionally, the influence of social media and celebrities sharing positive experiences with Botox have contributed to its acceptance and growth.
  • With its effectiveness, safety, and broad appeal, the botulinum toxin segment is poised for continued expansion as advancements in technology and shifting societal attitudes towards cosmetic procedures persist

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Based on application, the facial injectables market is bifurcated into wrinkle reduction, facial line correction, lip augmentation, face lift, acne scar treatment, lipoatrophy treatment, and other applications. The wrinkle reduction segment accounted for USD 2.6 billion in 2023.

  • This remarkable growth is fueled by several key factors, including a societal emphasis on youthfulness driving demand for non-invasive procedures.
  • Technological advancements and continuous product innovation have significantly improved the safety and efficacy of wrinkle reduction injectables, enhancing consumer confidence and adoption rates.
  • Moreover, increasing disposable income levels and broader accessibility to cosmetic procedures have democratized access to wrinkle reduction treatments.
  • Therefore, aforementioned factors propel the segmental growth.

Based on end-use, the facial injectables market is bifurcated into medical spas, dermatology clinics, hospitals, and other end-users. The medical spas segment accounted for USD 3.8 billion in 2023, can be attributed to its unique blend of medical expertise and spa-like ambiance.

  • Medical spas offer consumers a convenient and accessible option for cosmetic treatments, often located in easily reachable urban areas. With specialized services and skilled practitioners, they provide personalized treatment plans tailored to individual needs, fostering customer loyalty.
  • Moreover, the marketing efforts of medical spas, coupled with the growing demand for aesthetic treatments, contribute to their increasing popularity.
  • By offering a premium experience and addressing various cosmetic concerns, medical spas have positioned themselves as preferred destinations for individuals seeking facial injectables, stimulating substantial revenue growth within the market

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The growth of the facial injectables market in the U.S. projected to reach USD 8.2 billion by 2032.

  • The U.S. has a significant and growing aging population that is seeking ways to maintain a youthful appearance. For instance, according to the Population Reference Bureau, the number of people in the U.S. aged 65 and older is expected to grow from 58 million in 2022 to 82 million by 2050, marking a 47% increase. Additionally, the proportion of this age group within the total population is anticipated to rise from 17% to 23%. Thus, this demographic shift is leading to a steady increase in the number of individuals opting for facial injectables.

The facial injectables market in UK is expected to experience significant and promising growth from 2024 to 2032.

  • Advancements in medical technology and product innovations are significantly contributing to the growth of the market in the UK. New and improved formulations of injectables, offering longer-lasting results with fewer side effects, are attracting an increasing number of consumers.
  • Additionally, the development of safer and more effective injection techniques by medical professionals is enhancing patient confidence and satisfaction. This combination of innovative products and refined techniques is making facial injectables more appealing and accessible to the UK population, thereby propelling the market expansion.

Japan facial injectables industry is anticipated to witness lucrative growth between 2024 – 2032.

  • In Japan, increasing disposable incomes and higher living standards are enabling more people to afford cosmetic treatments, contributing to the growth of the market. Further, as the economy strengthens, more individuals have the financial capacity to invest in aesthetic enhancements, making facial injectables more accessible.

The facial injectables market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.

  • Saudi Arabia is witnessing a cultural shift towards a greater emphasis on personal grooming and appearance. This trend, fueled by increasing disposable income and exposure to global beauty standards, is propelling the demand for facial injectables among both men and women.

Facial Injectables Market Share

The facial injectables sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovative products leveraging diverse technologies. Notably, prominent industry players command considerable influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are instrumental in fortifying market positions and expanding global footprint amidst evolving regulatory landscapes.

Facial Injectables Market Companies

Some of the eminent market participants operating in the facial injectables industry include

  • AbbVie Inc.
  • Anika Therapeutics, Inc.
  • APAX Partners
  • Bioplus Co., Ltd.
  • Croma-Pharma GmbH
  • Galderma SA
  • Ipsen Pharma
  • Lutronic Corporation
  • Medytox
  • Merz Pharma
  • Prollenium Medical Technologies
  • Revance Therapeutics, Inc.
  • Sinclair
  • Suneva Medical
  • Teoxane

Injectables Industry News

  • In January 2022, Galderma, the largest independent dermatology company globally, revealed its acquisition of ALASTIN Skincare, Inc., a specialty aesthetics firm committed to pioneering and clinically validated physician-dispensed skincare solutions. This strategic acquisition positioned the company with a distinct competitive advantage in the market.

The facial injectables market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments

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Market, By Product

 

  • Collagen
  • Polymethylmethacrylate (PMMA) microspheres
  • Hyaluronic acid (HA)
  • Botulinum toxin
  • Calcium hydroxylapatite (CaHA)
  • Poly-L-lactic acid (PLLA)
  • Fat injection
  • Other products

Market, By Application

  • Wrinkle reduction
  • Facial line correction
  • Lip augmentation
  • Face lift
  • Acne scar treatment
  • Lipoatrophy treatment
  • Other applications

Market, By End-use

  • Medical spas
  • Dermatology clinics
  • Hospitals
  • Other end-users

The above information is provided for the following regions and countries

  • North America 
    • U.S.
    • Canada
  • Europe 
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Netherlands
    • Rest of Europe
  • Asia Pacific 
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America 
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa 
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )