Facial Aesthetics Market

SKU: DMMD2244 | Last Updated On: Oct 31 2022 | Available Formats

> Facial Aesthetics Market Expected to reach at a high CAGR of 11.7% By 2029:

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 & Dermatology Clinics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Facial Aesthetics Market size was valued US$ 5.6 billion in 2021 and is estimated to reach US$ 23.4 billion by 2029, growing at a CAGR of 11.7% during the forecast period (2022-2029). 

Facial Aesthetics Market Scope

Metrics

Details

Market CAGR

11.7%

Segments Covered

By Product, By Application, By End User, and By Region

Report Insights Covered

Company Financials, Company Outlook, Revenue Produced, Market Perspective, Investment In R&D, New Market Creativities, Global Attendance, Company Strengths, And Weaknesses, Product Width And Breadth, Application Domination, Competitive Landscape Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Dermal fillers, also known as injectable implants, soft tissue fillers, or wrinkle fillers, are medical device implants approved by the FDA, in order to help create a smoother and/or fuller appearance in the face, including nasolabial folds, cheeks, and lips and to increase the volume of the back of the hand. The rising R&D initiatives in the aesthetics industry and the recent regulatory approvals are driving the growth of the market. Also, the high proportion of the geriatric population and the rising patterns of early aging due to environmental factors such as pollution are contributing to the global facial aesthetics market.

As per DataM Intelligence, 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. It also provides global Facial Aesthetics Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.

Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. Facial Aesthetics Market in the United States and Canada produces the utmost share. Whereas the European Facial Aesthetics Market is projected to continue its presence globally during the period of 2022- 2029.

                              Source: DataM Intelligence Analysis (2022)

Global Facial Aesthetics Market- Dynamics

Increasing demand for facial aesthetics and growing adoption of tissue fillers with rising aesthetic surgeries are expected to drive market growth.

The growing concern of people about their appearance is gradually increasing, both in the developed and the developing countries, which leads to an increase in the number of cosmetic surgeries performed annually. According to  American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), around 1.4 million surgical or non-surgical methods have been done last year, where plastic surgery has the major role as there is 40% increase in procedures than last year. Surgeons performed around 600 surgeries more in 2021 than in 2020. The rate of the growing acceptance of tissue fillers is high in developed countries, however, in developing countries, people are also getting more concerned with their appearance, especially with the increasing standard of living. Wrinkles are the first visible signs of aging. A face marked by furrows appears tired and neglected. Wrinkles are like small fractures of the skin, and the aim of a filler is to fill them.

Dermal fillers, also known as injectable implants, soft tissue fillers, or wrinkle fillers, are medical device implants approved by the FDA, in order to help create a smoother and/or fuller appearance in the face, including nasolabial folds, cheeks, and lips and to increase the volume of the back of the hand. The FDA has approved some dermal fillers for the restoration and/or correction of the signs of facial fat loss (lipoatrophy) in people with human immunodeficiency virus (HIV). Hence, the growing acceptance of dermal fillers is driving the growth of the facial aesthetics market globally.

 

High cost associated with dermal fillers is expected to hamper the market growth.

These facial aesthetic procedures are very expensive and the high cost becomes a barrier towards the growth of market. Another factor is the side effects of these procedures as Derma fillers causes permanent damage that can only be treated by surgery, Botox causes headaches, bruises and droopy eyelids these adverse effects also hamper the market growth.

Global Facial Aesthetics Market - Industry Analysis

The global facial aesthetics market provides in-depth analysis of the market based on various industry factors such as Porter’s Five Forces, Regulatory and Reimbursement Analysis, Supply Chain Analysis, Pipeline Analysis, Comparative Scenario, Product Innovations.

Global Facial Aesthetics Market - Segment Analysis

Product segment is expected to hold the largest market share in global facial aesthetics market

The demand for dermal fillers is growing as dermal fillers help to diminish facial lines and restore volume and fullness in the face. The rising aesthetic surgeries are also driving the dermal fillers market. For instance, according to the American Society of Plastic Surgeons (ASPS), almost 18 million people underwent surgical and minimally invasive cosmetic procedures in the United States. Cosmetic surgical procedures have been on the rise in the U.S. over the past 5 years.

By type, the Hyaluronic acid accounted for the largest market share in global dermal fillers, owing to its status as the gold standard in dermal fillers and new product launches for the hyaluronic acid. The manufacturers are continuously manufacturing new products leading to the growth of the market globally. For instance, in April 2019, Merz, a global leader in medical aesthetics, has launched the Belotero Revive, a dermal filler product containing a unique combination of hyaluronic acid (HA) and glycerol, designed to improve hydration, elasticity, and firmness of the skin and to address the appearance of fine lines.

The newest addition to the Belotero dermal filler range, Belotero Revive was designed to meet the unique needs of today’s aesthetic patients. Modern consumers are especially focused on skin quality and on minimizing early signs of aging, and they value skin care and aesthetic solutions that deliver natural-looking results – the so-called “no-filter” look.

Global Facial Aesthetics Market - Geographical Analysis

North America region holds the largest market share in the global facial aesthetics market

North America is dominating the global facial aesthetics market with the United States accounting for the major contributor to the market. The U.S. has a growing demand for botulinum toxins and dermal fillers, owing to improving lifestyles and a growing preference for minimally invasive surgeries. The increasing interest in their aesthetic appearance among consumers is driving the growth of the market. Aesthetic fillers that contain hyaluronic acid, collagen, polymers, and particles are used to give the skin or feature a cosmetic boost.

The rapidly aging population in this region coupled with the presence of advanced technologies and skilled cosmetic surgeons drive them. The U.S. controls the North American facial aesthetics market owing to the increasing demand for dermal fillers and botulinum toxins, due to refining lifestyles and rising preference for minimally invasive operations.

The major key players are developing new products and novel technologies that are the main factor for the growth of market in this region. For instance, On January 10th, 2020, Revance Therapeutics, a biotechnology company pioneering new innovations in neuromodulators for aesthetic and therapeutic indications, signed a U.S. distribution agreement with TEOXANE SA, making Revance the exclusive commercialization partner of the Swiss company’s modern and innovative Resilient Hyaluronic Acid (RHA) technology.

In April 2019, Merz Pharma launched a new dermal filler called the Belotero Revive dermal filler, a combination of hyaluronic acid and glycerol.

Competitive Landscape

Some of the major players operating in the global facial aesthetics market are Allergan PLC, Galderma Laboratories, L.P., Merz Pharmaceuticals GmbH, Teoxane SA, among others. Allergan is one of the major players that is accounting for the highest market share, as the company has a number of technologically advanced and specialized products as per varied indications due to its JUVÉDERM family of dermal fillers. This range has a number of dermal fillers according to various indications such as the correction of wrinkles and enhancement of the lips. The key players are adopting several strategies such as product launches, partnerships, mergers and acquisitions, collaborations, and finding a new market in their core competency in order to stay competitive in the market. For instance, In April 2019, ALLERGAN launched the Juvéderm VOLUX, a dermal filler aimed at the refinement of the chin and jawline.

Global Facial Aesthetics Market – Key Companies to Watch

Galderma:

Overview: Galderma is Swiss pharmaceutical company that deals mainly with skin care products and dermatological treatments. It was founded in 1981, headquartered in Lausanne, Switzerland. Across 100 countries it has approximately 33 sites. Around 4600 people are employed there.

Product Portfolio: Azzalure: It is a muscle relaxant modified from Dysport’s botulinum neuromodulator type-A that is specially developed for usage in aesthetics.

Key Developments: In Nov 2021, skincare product specializing company Alastin that is California-based was bought by Galderma.

The global facial aesthetics market report would provide an access to an approx. 45+market data table, 40+figures and 180pages.

 

Frequently Asked Questions

What is the Projected CAGR value of the Facial Aesthetics Market?

Facial Aesthetics Market is expected to grow at a CAGR of 11.7% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Facial Aesthetics Market during 2022-2029.

Which is the fastest growing region in the Facial Aesthetics Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period

Trending Topic

Medical Aesthetics Market

 

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