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Facial Aesthetics Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 September 26
SKU : MD2244
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180 pages
Report Summary
Table of Contents
List of Tables & Figures

Facial Aesthetics Market is segmented By Product (Dermal Fillers, Botulinum Toxin, Chemical Peel, Microdermabrasion), By Application (Facial Line Correction Treatment, Scar Treatment, Lip Treatments, Restoration of Volume/ Fullness, Others), By End-User (Hospitals, Specialty Clinics, Dermatology Clinics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

 

Facial Aesthetics Market Size

Global Facial Aesthetics Market reached US$ 6.5 billion in 2022 and is expected to reach US$ 19.3 billion by 2030, growing with a CAGR of 9.1% during the forecast period 2023-2030.

Facial aesthetics are a non-surgical and minimally invasive procedure that can temporarily diminish wrinkles or restore volume. Common treatment areas include the forehead, cheeks, and lips. An increase in product launches and an increase in the demand for facial surgeries are driving factors for the market.

The North America region is expected to hold a significant position in the market share. The increase in the number of procedures and product launches is holding the region in the dominant share. 

Facial Aesthetics Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation.

 

Market Scope

Metrics

Details

CAGR

9.1%

Size Available for Years

2021-2030

Forecast Period

2023-2030

Data Availability

Value (US$) 

Segments Covered

Product, Application, End-User

Regions Covered

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Fastest Growing Region

North America

Largest Region

Asia-Pacific

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights.

 

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Market Dynamics

Increase in the Number of Product Launches is Driving the Market Growth

The increase in the number of product launches is driving the market growth. For instance, on January 17, 2023, Allergan Aesthetics, an AbbVie company, launched the long-awaited SkinMedica Even & Correct Collection. Clinically proven and formulated to deliver targeted results, these advanced brightening treatments, dark spot creams, and brightening treatment pads work separately and together to even skin tone and reduce the appearance of hyperpigmentation and dark spots on the face. 

Additionally, on January 10, 2023, Mumbai-based ENTOD Pharmaceuticals launched its new ocular aesthetic range focused on improving eye comfort and enhancing the aesthetics of the eyes. The products have been launched under the Eyecirque, Lashfactor, and Vasuki brands. The Eyecirque range comprises the world's first nanotechnology-based gel serum, under-eye skin brightening and anti-aging tablets, lubricating eye drops, and essential eye supplements. Thus, an increase in product launches will accelerate the market growth. 

Increasing Demands for Facial Aesthetic Procedures and Strategies by the Key Players will Drive Market Growth

The increase in the demand for facial aesthetic procedures increases the product launches, which are driving the market growth. For instance,  on  January 9, 2023, the International Society of Aesthetic Plastic Surgery (ISAPS) released the results of its annual global survey on Aesthetic/Cosmetic Procedures, showing a 19.3% overall increase in procedures performed by plastic surgeons in 2021, with more than 12.8 million surgical, and 17.5 million non-surgical, procedures performed worldwide.

The strategies developed by the companies, such as collaborations, partnerships, and others, are expected to drive market growth. For instance, on January 15, 2021, Merz Aesthetics, the world leader in medical aesthetics, and Candela Corporation, an aesthetic device company, launched a commercial collaboration to provide a broad medical aesthetics portfolio to consumers across the globe. 

Additionally, May 24, 2022, Crown Laboratories, a leading, fully integrated global skincare company, has acquired its global aesthetics-focused assets. The acquisition expands Crown's aesthetics product portfolio and enhances Crown's overall value proposition as a global leader in science-based aesthetic skincare solutions. Thus, the above factors are expected to drive the market growth. 

High Cost of the Products and Treatments are Expected to Hamper the Market Growth

These facial aesthetic procedures are expensive, and the high cost becomes a barrier to market growth. For instance, according to the American Society of Plastic Surgeons, The average cost of a facelift is $8,005, according to the most recent statistics from the American Society of Plastic Surgeons. The fee charged by the surgeon is one of the key factors determining the overall treatment cost. Besides the surgeon, the anesthetist’s fee also adds to the treatment cost. Depending on the complexity and requirements of the procedure, the cost increases. Thus, it acts as a restraining factor for the market growth. 

Segment Analysis

The global facial aesthetics market is segmented based on product, application, end-user, and region.

Derma Fillers Segment is Expected to Hold the Largest Market Share in the Global Facial Aesthetics Market

The derma fillers segment holds a significant share in the global facial aesthetics market. The increase in the number of FDA approvals of the products drives the segment growth. For instance, on May 19, 2023, Sculptra Aesthetic, the first poly-L-lactic acid (PLLA) Derma filler used to restore natural-looking facial volume, was recently granted FDA approval to treat fine lines and wrinkles throughout the cheek area.

Additionally, on May 15, 2023, Allergan Aesthetics, an AbbVie company, announced the U.S. FDA approval of SKINVIVE by JUVÉDERM to improve skin smoothness of the cheeks in adults over the age of 21. SKINVIVE by JUVÉDERM is the first and only hyaluronic acid (HA) intraDerma microdroplet injection for skin smoothness available in the U.S., with results lasting through six months with optimal treatment. Thus, the increased product approvals are holding the segment in the dominant position in the market share.  

Geographical Share

North America is  Expected to Hold a Significant Position in the Global Facial Aesthetics Market Share

North America is a dominant force in the global facial aesthetics market share. With the increase in the demand for facial surgeries, there is an increase in the number of launches of treatment procedures. For instance, according to ClevelandClinic Organization it is estimated that every year, providers perform more than 15 million cosmetic surgery procedures in the United States. More than 13 million of those are minimally invasive procedures. 

Additionally increase in the demand for surgeries increases the launch of the products. For instance, on August 18, 2023, Movel Medical Aesthetics, a state-of-the-art and unique mobile Med Spa for facial aesthetics introduced the revolutionary Fotona 4D, Eyelase, and LipLase procedures to its service offering for patients. Thus, the above factors are holding the region in the dominant position of the market share. 

COVID-19 Impact Analysis

COVID-19 has impacted the growth of the facial aesthetics market. There are a number of individuals who frequently approach clinics and facial aesthetics centers for surgeries. Due to the pandemic, the clinics were shut down. Having most facial aesthetics surgery cases as elective operations, plastic and aesthetic surgery became one of the branches most affected by the pandemic process. 

A drastic decline was experienced in the number of plastic surgeries. The stringent rules and regulations have impacted the market growth. The implementation of lockdown has restricted people from visiting the clinics and continuing the treatment process. The restrictions helped in preventing the spread of the virus. However, there was an increase in demand that occurred in the period after the restrictions.

Facial Aesthetics Market Competition

The global facial aesthetics market is fragmented, with the presence of many local and international players. Galderma Holding SA, Merz Pharmaceuticals, LLC, Suneva Medical, Dr. Korman Laboratories Ltd., Sinclair Pharma, Teoxane, Bloomage Biotech, Johnson & Johnson MedTech, Solta Medical, and Cynosure LLC are the leading companies with a significant market share. 

Why Purchase the Report?

  • To visualize the global facial aesthetics market segmentation based on product, application, end-user, and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development. 
  • Excel data sheet with numerous data points of facial aesthetics market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global facial aesthetics market report would provide approximately 61 tables, 58 figures, and 186 Pages.

Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
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FAQ’s
What is the Projected CAGR value of the Facial Aesthetics Market?
Facial Aesthetics Market is expected to grow at a CAGR of 9.1% during the forecast period 2023-2030.
Who are the Major key players in Facial Aesthetics Market?
Key players are Merz Pharmaceuticals LLC, Suneva Medical, Dr. Korman Laboratories Ltd, Sinclair Pharma, Teoxane, Bloomage Biotech, Johnson & Johnson MedTech, Solta Medical, Cynosure LLC and Galderma Holding SA.
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