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Facial Injectables: Global Aesthetic Solutions Market Overview 2024
facial injectable market
According to The Business Research Company's, The facial injectable market size has grown rapidly in recent years. It will grow from $12.45 billion in 2023 to $13.74 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to the increased aging population, growth in consumer awareness, shift in beauty standards, regulatory approvals, and advancements in injection techniques.
The facial injectable market size is expected to see rapid growth in the next few years. It will grow to $20.50 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rising demand for non-surgical procedures, expanding applications, personalization and customization, emerging markets, healthcare trends, and lifestyle changes. Major trends in the forecast period include continued growth in demand for non-surgical procedures, expansion of personalized treatment approaches, increasing focus on combination therapies for enhanced outcomes, the rise of minimally invasive techniques and devices, and a shift towards natural-looking and subtle results.
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Market Drivers and Trends:
The increasing demand for cosmetic procedures is expected to propel the growth of the facial injectable market going forward. Cosmetic procedures refer to medical treatments or interventions that aim to enhance one's appearance with minimal disruption to the body's natural structure, typically involving procedures that are less invasive than traditional surgeries and often performed on an outpatient basis. The demand for cosmetic procedures is rising due to increasing societal emphasis on appearance, advancements in medical technology making procedures safer and more accessible, and a growing desire for self-improvement and confidence enhancement. Facial injectables are used in cosmetic procedures to temporarily reduce wrinkles, add volume to certain areas, and enhance facial contours through the precise injection of substances such as botulinum toxin or dermal fillers. For instance, in March 2023, according to a report published by the British Association of Aesthetic Plastic Surgeons, a UK-based surgical association, around 31,057 cosmetic procedures were performed in the UK in 2022, marking an increase of 102% from 2021. Therefore, the increasing demand for cosmetic procedures is driving the growth of the facial injectable market.
Major companies operating in the facial injectable market are developing innovative products, such as long-lasting hyaluronic acid (HA) fillers, to meet the growing demand for minimally invasive aesthetic procedures that offer natural-looking and long-lasting results. Hyaluronic acid (HA) fillers are cosmetic injectables used to restore volume, smooth wrinkles, and enhance facial contours by replenishing the naturally occurring substances in the skin. For instance, in January 2023, Allergan plc, an Ireland-based pharmaceutical company, launched JUVEDERM VOLUX XC, a hyaluronic acid filler that is specifically designed to enhance jawline definition in individuals aged 21 and above who experience moderate to severe loss of contour. JUVEDERM VOLUX XC offers long-lasting effects for up to twelve months and focuses on providing natural-looking results. Its minimally invasive nature ensures minimal downtime for patients seeking non-surgical solutions. This innovative filler is backed by extensive research and high patient satisfaction rates, and it allows cosmetic specialists to design customized treatment plans.
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Major Key Players of the Market:
AbbVie Inc., Sanofi S.A., Ipsen Pharma, Galderma S.A., Merz Pharma GmbH & Co. KGaA, Sinclair Pharma Plc, Revance Therapeutics Inc., Suneva Medical Inc., Prollenium Medical Technologies, SciVision Biotech Inc., Anteis S.A., Anika Therapeutics Inc., Q-Med AB, Bloomage BioTechnology, Medytox Inc., Teoxane Laboratories, Alphaeon Corporation, BIOPLUS CO. LTD., BioPolymer GmbH & Co. KG, Bioxis Pharmaceuticals, Everest Pharmaceuticals
Facial Injectable Market 2024 Key Insights:
• The facial injectable market size is expected to see rapid growth in the next few years. It will grow to $20.50 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%.
• Surging Demand For Cosmetic Procedures Fuels Growth In The Facial Injectable Market
• Long-lasting Hyaluronic Fillers Transforming The Facial Injectable Market
• North America was the largest region in the facial injectable market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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