The global facial injectable market is proliferating, attributing to the increasing demand for dermal fillers treatments. According to a leading research firm - Market Research Future (MRFR), the facial injectable market analysis showed that the injectable market size was valued at USD 13.4 billion in 2020 at will expand at a huge rate of 8.8% from 2020 to 2025.
Moreover, advancements in the field of facial rejuvenation and bio-engineering technologies are supporting the growth of the market. The emergence of soft tissue fillers that have become the second most commonly performed minimally invasive procedure after botulinum toxin injections are influencing the market growth. The use of soft tissue fillers in aesthetic medicine is increasing pervasively, providing impetus to the growth of the market.
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Procedures using soft tissue fillers are predicted to increase shortly with a significant growth rate. The facial injectable market is predominantly driven by the social and cultural factors such as the influence of media, fashion film industry, peer pressure for appearance beauty, and the changing dimensions of beauty. The growth of the tourism industry and the formation of tourism clusters such as Miami, Bangkok, etc. has created a high point demand for these treatments, increasing exposures to facial injectables.
Additionally, health factors such as the rise in obesity and accidents create a substantial demand in the facial injectable market. Increased safety margins that the advanced treatment offers alongside, the growing numbers of facial rejuvenating hospitals, impact the market growth, positively. Some financing agencies, alongside, cosmetic surgeons and other medical practitioners, provide injectable facial procedures with easy financing plans; this factor also adds on to the growth of the market.
On the other hand, legal and regulatory issues and safety concerns of certain injectable products are key factors expected to impede the growth of the market. Also, side effects and high costs associated with facial injectables are posing challenges to the growth of the global facial injectable market. Nevertheless, continual advancements in the related technologies used in the development of facial injectables would support the market growth, presenting cost-effective procedures and solutions to manage side effects occurred during the usages of these aesthetics.
Furthermore, the market is also driven by increasing demand from middle-age growing urban population and rising aesthetic standards. The uptake of dermal fillers across the world is different due to obvious differences in factors such as geographic location, lifestyle, and socioeconomic conditions, ethnicity, etc. For instance; In the US, injectable facial fillers are considered as Class III medical device, meaning they pose high risks to patient safety.
Global Facial Injectable Market - Segmentation
The report is segmented into four market dynamics to widen the scope of understanding,
By Type: Botulinum Toxin, Hyaluronic Acid, Polymers Particles, Calcium Hydroxylapatite, Poly-l-Lactic Acid, Polymethylmethacrylate, and Collagen, among others.
By Application: Facial Line Correction Treatment, Face-Lift, and Lip treatments, among others.
By End-user : Hospitals, Specialty Clinics, and Spa Beauty Clinic, among others.
By Regions: Europe, North America, APAC, and the Rest-of-the-World.
Facial Injectable Market - Regional Analysis
North America accounts for the significant share in the global facial injectables market. The market growth attributes to the increasing approvals of facial inject-able products in emerging markets. Moreover, factors such as the rise in the spending on cosmetic procedures and the presence of huge aesthetician population act as a major tailwind to the regional market growth.
Being a well-developed region having the highest GDP, globally, North America has the edge over other regions in terms of healthcare, technology, and wellness. Besides, North American demographic has an aesthetical approach towards every aspect of life. These trends are likely to continue to fuel market demand during the forecast period.
Also, the existence of a huge geriatric population in the US and Canada, high healthcare expenses, and high living standards of people drive the regional market growth. Furthermore, growing consciousness about forward-looking beauty treatments and increasing prominence about physical appearance is predicted to boost the growth of the market.
The facial injectables market in the European region takes the second-leading position, globally. The presence of vast aesthetician populace and the well-established healthcare penetration in the region are the key driving forces contributing to the market growth. The resurging economy in Europe is undoubtedly playing a vital role in market development, increasing consumer purchasing power, and access to a quality life.
Moreover, the growing market in France and Germany drive the regional market growth at a massive scale. Especially, Germany, led by its largest medical devices market in the region, contribute to the regional market, considerably. With the increasing investment in facial injectables and a rising number of enthusiasts of facial aesthetics treatments, the market is estimated to register a phenomenal CAGR during the review period.
The Asia Pacific, facial injectables market, is rapidly emerging as a lucrative market, globally. The growing beauty concerns among the mid-age and elderly population are the factors driving the facial injectable market in the APAC. Moreover, the burgeoning media entertainment industry, especially in the rapidly developing economies such as India, China, and Korea act as a major driving force behind the regional market growth. Besides, Vietnam, Thailand, and Malaysia among the other southeast Asian countries with their flourishing medical tourism markets contribute to the regional market growth, significantly.
Facial Injectable Market - Competitive Landscape
Highly competitive, the global facial injectable market appears to be fragmented characterized by the presence of several well-established players. Players are also focusing on product launches and expanding their global footprints by entering untapped markets. They also focus on optimizing situational awareness for customers to ensure their mission success. To gain a bigger share in this market, these players incorporate strategic initiatives such as mergers acquisition, collaboration, and innovation.
They substantially invest in RD activities to develop the cost-competitive product portfolio. These players also invest in building state-of-the-art laboratories and strong sales distribution network, that can help them to gain leadership in the market. A growing emphasis has been observed among dental industry marketers on inbound lead generation over branding-oriented efforts.
Major Players:
Players leading the global facial injectable market include Allergan, Galderma, Merz Pharma, Integra Lifesciences, Valeant Pharmaceuticals, Sanofi, Suneva Medical, Sinclair, and Scivision Biotech Inc., among others.
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