Facial Injectable Market Size, Revenue Growth Factors & Trends, Key Player Strategy Analysis Till 2030

The surge in reliance on cosmetic procedures is estimated to motivate the facial injectable market share in the future. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is set to display a 28.1% CAGR to achieve USD 29,649.7 Million during the forecast period.

The availability of a diverse product range is estimated to create an optimistic momentum for the facial injectable market share in the forecast period. The uptick in the availability of high-end and advanced technology-based products is estimated to promote the facial injectable market in the impending period.

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Market Segmentation

Facial injectables are products that include collagen fillers, hyaluronic acid fillers, and synthetic fillers like calcium hydroxylapatite. The use of injectable products, such as hyaluronic acid, increases skin hydration, improves skin, protects from UV damage, and has relatively low side effects. The facial injectables market is segmented by Type like Wrinkle Relaxers (Botulinum Toxin) and Dermal Fillers (Collagen, Hyaluronic Acid, Fat Injection, Polylactic Acid, followed by others like Polymethyl-methacrylate Microspheres (PMMA), Calcium Hydroxylapatite, Other Dermal Fillers). The market's application segment includes Facial Line Correction, Lip Augmentation, Face Lift, Acne Scar Treatment, Lipoatrophy Treatment, and Other Applications. The geography of the market includes regions like North America, Europe, Asia-Pacific, Middle East, Africa, and South America.

Regional Analysis

Some of the factors driving the market growth in the North American region include higher awareness about aesthetic surgical procedures, followed by others like technological advancements in cosmetic procedures, the presence of key market players, and the increasing geriatric population and demand for non-invasive aesthetic procedures.

According to the information of the American Society of Plastic Surgeons (ASPS), in 2020, plastic surgeons stopped performing elective surgical procedures for an average of 8.1 weeks 2020 due to COVID-19, or 15% of the year, which indicates the decline in the total number of procedures performed. Moreover, in 2020, the trends highlight the minimally invasive cosmetic procedures decreased slightly more than surgical procedures (16% vs. 14%) during stay-at-home orders, dropping for the first time in four years.

In Canada, the increase in the growing geriatric population is also fueling the growth. As per the information of the World Population Ageing Report, in Canada, there were around 6.602 million people aged over 65 years in 2019, and the number is estimated to reach 11.436 million by 2050. The growing demand for aesthetic fillers is expected to increase due to increased attention on facial aesthetics among this population.

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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.

Industry News

In addition, there is a consistent rise in the geriatric population, which helps boost the market growth. By the end of 2050, the global population of people aged 60 and above will double to reach 2.1 billion. Furthermore, rising technological advancements are also helping in the growth of the market.

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This release was published on openPR.