Global facial injectables market was valued at USD 13.4 Billion in 2020. It is expected to grow at an 8.8% compound annual growth rate (CAGR), between 2021 and 2028. In recent years, consumers have been more concerned about their physical appearance and facial injectables are in high demand. Video calls have been increasing due to the ongoing COVID-19 epidemic. The 'Zoom Boom' is a term that describes an increase in awareness about one's appearance. Botox is one of the most sought-after cosmetic procedures. Cosmetic surgery is becoming more popular due to the ease of recovery at home. The market saw a surge during the pandemic.
Invasive surgeries are being replaced by minimally invasive procedures. According to the American Society of Plastic Surgeons, almost 17.7 million minimally-invasive and surgical cosmetic procedures were performed in the U.S. in 2018. Nearly 15.9 million of these products were minimally invasive. The market for facial injectables is being driven by the growing acceptance of minimally invasive procedures and the wide availability of treatment options.
The International Society of Aesthetic Plastic Surgery, (ISAPS) ranked the United States 1 and 1 for non-surgical products at a global level. Injectables like botulinum toxins and hyaluronic acids were the most commonly used. With over 7,000 surgeons, the country has access to advanced treatments and is home to some of the most skilled surgeons in the world. These factors are important for market growth.
Pandemic Impact |
Outlook after COVID |
Aesthetic practices have been negatively affected by the imposition of national lockdowns, and subsequent closing of clinics. Hamilton Fraser conducted a survey and found that nearly 99.78% reported that their practice was affected in 2020 by the COVID-19 pandemic. Around 80.51% of practitioners reported the closing of clinics, 67.28% reporting a reduction in revenue, and 63.31% reporting fewer inquiries. |
To ensure patient engagement, practitioners will be focusing more on digital consultations after the death of covid. |
AbbVie reported a decline in Botox sales during Q2 2020 because of the COVID-19 pandemic. AbbVie Inc purchased Allergan May 2020. |
Cynosure conducted a survey and found that 62% of practitioners felt confident in their ability to restore business revenue to pre-Covid levels within twelve months of lifting impositions |
Patients have expressed fear after experiencing adverse reactions to Moderna COVID-19 vaccination in patients who use dermal fillers. |
Allergan Aesthetics (a subsidiary of AbbVie Inc. in the U.S.) received FDA approval for JUVEDERM VOLUMA XC to augment the chin region in adults aged 21 and older. Jeuveau was approved by FDA in 2019. It is similar to Botox but costs less than Botox. It is effective in reducing wrinkles.
Botulinum Toxin Type A dominated the facial injectable market, accounting for 55.2% of the total revenue in 2020. Women in their middle years are choosing fillers and injectables, including Botox to reverse signs of aging. At a CAGR 9.4%, the Hyaluronic Acid segment (HA) will be the fastest-growing. It is well-known for its ability to retain moisture in the skin. This makes the skin appear healthier. HA is known for its moisture-binding property, which helps to increase and maintain the vital moisture that makes the skin plump.
Market leader, the aesthetics segment will account for 70% of the total revenue in 2020. This is due to an increase in facial injectables used for aesthetic procedures like facial lines, wrinkles on face and lips lines.
In the next few years, facial injectables for aesthetic purposes will be in high demand due to the growing interest in personal appearance and the increase in disposable income in middle-class countries like India. Over the forecast period, the therapeutic segment will see a double-digit increase in CAGR. This can be attributed to the increasing use of facial injectables for treatment of blepharospasm and strabismus, Meige's Syndrome, Oromandibular Dystonia, Hemifacial Spasms, (HFS), and focal hyperhidrosis.
North America was the dominant market, accounting for more than 41.0% of the total revenue in 2020. This is due to the large geriatric population of the U.S.A and Canada, which is expected to drive the demand for facial injections over the forecast period.
The American Society of Plastic Surgeons (ASPS) compared the rate of growth in cosmetic surgery products between 2000 and 2018. The use of Botox injections grew by 845%, according to the ASPS. In the future, North America will be a major revenue source for facial injectables.
The market in Asia Pacific is expected to see the highest CAGR at 10.0% over the forecast period. Countries such as South Korea, Australia, and India are supporting the region. The demand for facial injections will rise due to the growing attention being paid to the appearance of these developing countries. India is expected to grow at the fastest rate during the forecast period.
The major players are focusing their growth strategies on product launches and approvals, enhancements in existing technologies, geographic expansion, product launches, product launches, as well as product approvals. In 2019, Allergan launched a TV commercial for Botox Cosmetics, a brand that caters to millennials. According to the American Academy of Facial and Reconstructive surgery, Botox injections have grown by 22% in the last five years among those aged 22 to 37. The ad campaign focuses on the year that the product was launched by the company. The following are some of the most prominent players in facial injectables market:
Allergan
Hologic (cynosure).
Johnson & Johnson
Galderma
Lumenis
Solta Medical
Syneron Candela
Alma Laser
Up Market Research published a new report titled “Facial Injectable Market research report which is segmented by Application (Aesthetic, Therapeutic), by Product (Calcium Hydroxylapatite, Polymer Fillers, Hyaluronic Acid, Collagen, Botulinum Toxin Type A), By Players/Companies Allergan, Lumenis, Alma Laser, Galderma, Johnson & Johnson, Hologic (cynosure), Solta Medical, Syneron Candela”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Facial Injectable Market Research Report |
By Application | Aesthetic, Therapeutic |
By Product | Calcium Hydroxylapatite, Polymer Fillers, Hyaluronic Acid, Collagen, Botulinum Toxin Type A |
By Companies | Allergan, Lumenis, Alma Laser, Galderma, Johnson & Johnson, Hologic (cynosure), Solta Medical, Syneron Candela |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Aesthetic, Therapeutic), by Product (Calcium Hydroxylapatite, Polymer Fillers, Hyaluronic Acid, Collagen, Botulinum Toxin Type A).
Facial Injectable Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Facial Injectable Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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