The Global Facial Injectables market is expected to grow at a CAGR of 10.42% during the forecast period 2017–2023 to aggregate $7.2 billion by 2023
The factors such as rise in aging population, increase in aesthetic consciousness, growing awareness about anti-aging, growing demand for non-surgical and minimally invasive techniques, and anticipated launch of new products are expected to drive the market growth during the forecast period.
Infoholic Research LLP, a global market research and consulting company, has published a study titled “Global Facial Injectables Market – Drivers, Opportunities, Trends, and Forecasts: 2017–2023” (May 2017).
According to Infoholic Research, the adoption of facial injectables in cosmetic enhancement has become common in the modern society. The injectables are widely used as wrinkle fillers that give the individual a more youthful look. There are numerous facial fillers available in the market, but it is more important for both patients and physicians to use a filler that is FDA approved. The treatment requires an experienced and a board-certified dermatologist with knowledge and precision to obtain best results. The procedure when performed by someone who is not an expert, there are possibilities of reversing the case, and patients would end up spending more money on the treatment. Facial injectables offer safe and minimally invasive treatment, which has resulted in an upswing in non-surgical cosmetic procedures. The popularity and growing awareness about facial injectables will contribute to the market revenue. The branded products such as Botox, Juvederm, Radiesse, Restylane, Sculptra, and Kybella have shown best results and are in high demand in the market. The “Global Facial Injectables” market is expected to grow at a CAGR of 10.42% during the forecast period 2017–2023 to touch an aggregate of $7.2 billion by 2023.
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The market is analyzed based on three segments – product types, end-users, and regions. The product type covers Botox and Dermal Fillers and the regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). In North America, the US and Canada are set to be the leading countries. Europe is set to be the second leading region and held more than 28% of the market share in 2016. Germany is one of the leading countries in Europe in terms of revenue. In Asia Pacific, India and China are the most attractive countries for the players and holds tremendous business opportunities. ROW is set to be an emerging market in the next 5–6 years.
The product areas covered in the report are Dermal Fillers and Botox. Botox segment was the leading contributor in the market with more than 7 million injections of botulinum toxin already used worldwide. Further dermal fillers are growing at a rapid growth rate and are expected to dominate the market in the next few years. The factors such as high cost, lack of skilled surgeons, and availability of counterfeit products in the market will hamper the market growth, especially in developing countries. The emerging markets show potential growth and are expected to see a significant change in the cosmetic industry. Brazil, Argentina, India, China, and Indonesia represent a potential market with increasing demand for facial injectables. The market is expected to be on a positive year-on-year growth rate as the Botox and Dermal Fillers segments have potential market growth in the medical aesthetic market.
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“Facial injectables are the most popular aesthetic products among all cosmetic treatments. However, the high cost of products and indirect costs related to treatment remain a primary concern to most of the patients, which is challenging the market growth. Advanced injecting techniques and molecular changes adopted in filler materials will boost the market growth.” – Victor Mukherjee, Assistant Manager (Research – Healthcare) at Infoholic Research
Further, the report also aims to cover the below points:
- Provides an in-depth analysis of the key business opportunities in countries and verticals
- Provides the complete details about the various types of facial injectables overview
- Provides the complete details of trending top 16 facial injectables
- Provides the complete details about the analysis of top 8 players
- Provides industry outlook including current and future market trends, drivers, restraints, and emerging technologies