The global Facial Injectables market is anticipated to grow at a significant CAGR of around 10.5% during the forecast period. The people working in excessive sun exposure has to lead to tissue breakdown of the skin, thus the demand for facial injectables is growing among individuals to protect their skin with the high UV rays. People in high disposable income countries are focusing and spending more on the aesthetic beauty products and treatments due to which the demand for facial injectables are increasing. As per the the American Society of Plastic Surgeons (ASPS) report, in 2019, Americans spent more than $16.5 billion on cosmetic plastic surgery and minimally invasive procedures in 2018. Among these surgeries, there were 121,531 procedures for facelift and 213,780 procedure for nose reshaping. Among minimally invasive cosmetic procedures, there were 7,437,378 procedure has been done foo wrinkle treatment and 1,384,327 procedures were for chemical face peeling.
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However, there are certain side effects such as pain, swelling at the injection site, occurrence of several infections, bruises, and among others are associated with the facial injectables that may hamper their adoption on wider level, thereby affecting the market to growth. Moreover, introduction of new facial injectable products by market players can offer lucrative growth opportunities to the market. For instance, in February 2020, BioScience launched Hyaprof, a new injectable line that combines monodensified and polydensified dermal fillers. The product introduced is Hyaprof Soft designed suitable for superficial and submucosal indications, aimed to correct fine lines, crow’s feet, perioral lines, fine forehead lines, thin lips, facial atrophic scars. T
Impact Of COVID-19 Pandemic On Global Facial Injectables Market
COVID-19 has affected the facial injectables market due to imposition of national lockdowns and subsequent closure of clinics this, in turn, affected aesthetic procedures. According to the data-driven by the survey conducted by Hamilton Fraser, in 2020, moreover 99.78% of the participants reported that their practice and procedure were affected, around 80.51% of aesthetic practitioners reported that closure of clinics, around 67.28% reported reduction in revenue whereas, about 63.31% reported the reduction in inquiries.
Segmental Outlook
The global facial injectables market is segmented based on the type, application, and end-user. On the basis of type, the market is segmented into collagen, hyaluronic acid (HA), botulinum toxin type a calcium hydroxylapatite (CAHA), polymethylmethacrylate beads (PMMA microspheres), poly-l-lactic acid (PLLA), and others. Based on the application the market is sub-divided into lip augmentation, facelift & correction, acne scar treatment, lipoatrophy treatment, and others. Based on the end-user, the market is sub-classified into hospitals, cosmetic clinics. Among the end-user segment, cosmetic clinics are anticipated to dominate due to a large number of injectable facial procedures being conducted in cosmetic clinics. Furthermore, these procedures in turn require little recuperation time and many individuals are opting to take the treatment from cosmetic clinics instead of hospitals and others.
By Type (Collagen, Hyaluronic Acid (HA), Botulinum Toxin Type A, Calcium Hydroxylapatite (CaHA), Polymethylmethacrylate Beads (PMMA Microspheres), Poly-L-Lactic Acid (PLLA), and Others),
By Application (Lip Augmentation, Face Lift & Correction, Acne Scar Treatment, Lipoatrophy Treatment, and Others),
By End-User (Hospitals, Cosmetic Clinic, and, Others)
Market Players Outlook
The major companies serving the global Facial Injectables market include Allergan Australia Pty Ltd, Ipsen Pharma, Medytox Inc, Merz Pharma GmbH & Co.KGaA, Sinclair Pharma, Suneva Medical, S&V Technologies GmbH, Teoxane SA, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2021, Galderma's FDA approved RESTYLANE DEFYNE for the augmentation and correction of mild to moderate chin retrusion for adults over the age of 21. the company uses two complementary gel technologies, the non-animal stabilized hyaluronic acid (NASHA™) process and Optimal Balance Technology™ (OBT™). With the help of both of these technologies, it provides personalized, natural-looking results which deliver long-term satisfaction and leave individuals filled with confidence.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global Facial Injectables market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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