The global Facial Injectables Market size was valued at USD 6.5 billion in 2016 and is anticipated to reach USD 17.2 billion by 2025, with a CAGR of 11.5%. Growing inclination towards looking young and concealing signs of aging is the major driver for the growth of global facial injectable market. As the technology is progressing, there is a growing awareness regarding the commercially available facial injectable products. Consequently, fuels demand for facial injectable products. Facial injectable are the products which are injected into facial skin for aesthetic purposes. Increasing geriatric population and thus, augmented demand for aesthetic procedures are intensifying the growth of the facial injectable market. Additionally, rapidly growing entertainment industry is driving the growth of the market.
People across the globe are keen on maintaining and enhancing their beauty due to its encouraging social consequences. They are willing to spend huge amounts for keeping their youthfulness blooming. This is projected to be the major factor behind the growing demand of facial injectable market. There is an increased preference for negligibly invasive surgeries as a result of its better quality results, instant healing properties and reduced duration of stay in the hospitals. This is also expected to boost the demand for global facial injectable market.
However, presently available facial injectable pose few side effects which may create major hindrance for the growth of global facial injectable market. Another factor that may delay in the market growth is the strict procedures for regulatory approval. They bound the entry of new companies thereby creating strong competition among the prevailing players in the market. These are also expensive and may incur huge expenses for the market participants.
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Global facial injectable market is segmented, on the basis of its product types, into hyaluronic acid, particle & polymer fillers (PPF), botulinum toxin and collagen. Particle & polymer fillers (PPF) are further segmented into Poly-L-lactic acid, Calcium hydroxyapatite and Polymethylmethacrylate beads (PMMA microspheres). Hyaluronic acid facial injectable segment accounted for the biggest market share in the global facial injectable market in the recent past. It is estimated that global market for hyaluronic acid will grow significantly over the next seven years.
North America accounted for the majority of the overall facial injectable market demand in 2014. Reimbursement coverage, growing awareness regarding aesthetic products, benefits of facial injectable products, highly developed healthcare infrastructure, huge spending on health care, increasing disposable income levels along with availability of huge pool of geriatric population are few of the factors which drive the facial injectable market of North America towards growth. Key factor contributing to the market growth of The U.S. was the growing occurrences of HIV-associated Lipodystrophy. The market also witnessed a surge in new product launches.
Asia Pacific market is expected to provide a lucrative opportunity for facial injectable products over the forecast period. Emerging economies such as India and China together account for the largest pool of geriatric population which is at a continuous rise all over the world. In addition, entertainment industry, growing spending on health care and rapidly expanding health care infrastructure are some of the major driving factors which are projected to enhance the growth of facial injectable market in Asia Pacific. In addition to India and China, South Korea also plays an important role in the Asian facial injectable market.
Even though North America and Asia Pacific are the key revenue generators for the global facial injectable market, the majority of the global vendors are concentrating on the Asia Pacific for the forecast period. The greater than before adoption of facial injectable usages by physicians and increasing demand by patients for less invasive cosmetic procedure is expected to drive the market for facial injectable in Asia Pacific. Furthermore, high visual consciousness for cosmetic procedures in the region, including facial injectable, is expected to fuel the global market.
Key market participants are investing significantly in new innovative technologies and research & development to reduce the major hindrances in the global facial injectable market. The core strategy of the participants includes mergers & acquisitions. Some of the major industry players include Bloomega BioTechnology Corporation Limited, Merz Pharma GmbH, Allergan Inc., Galderma S.A., Cynosure, Bioha Laboratories, Syneron, AQTIS Medical and Suneva Medical.
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Facial Injectables Product Outlook (Revenue, USD Million, 2014 – 2025)
• Hyaluronic Acid (HA)
• Botulinum Toxin Type A
• Calcium Hydroxylapatite (CaHA)
• Polymer Fillers
• Polymethylmethacrylate Beads (PMMA Microspheres)
• Poly-L-lactic acid (PLLA)
Facial Injectables Application Outlook (Revenue, USD Million, 2014 – 2025)
Facial Injectables Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)
• South Africa
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/medical-devices
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