Facial Injectable Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Collagen, Hyaluronic Acid (HA), Botulinum Toxin Type A, Calcium Hydroxylapatite (CaHA), Polymer Fillers); Application (Aesthetics (Facial Line Correction, Lip Augmentation, Face Lift, Acne Scar Treatment, Lipoatrophy Treatment, Others), Therapeutics); End-User (Hospitals, Dermatology Clinics, Others); and Region/Country
The facial injectables market is expected to register a CAGR of approx. 9% over the period of 2022-2028. Facial injectables products are those that are used in facial surgeries and facial rejuvenation. Facial injectables products are primarily used to reduce the signs of aging and enhance aesthetic beauty. It is a substance that is used to reduce wrinkles and restore volume and fullness to the face. It is injected just beneath the surface of the facial skin. Hyaluronic acid, botulinum toxin type A, and polymer fillers are among the most commonly used facial injectables. It smooths and lightens scars and wrinkles on the skin. Facial injectables devices, such as conventional syringes, needle-free injectors, auto, and pen injectors, have been used for drug administration in the treatment of medical conditions, particularly cancer and autoimmune disorders. The growing demand for facial injectables can be attributed to the rise in demand for aesthetic attractiveness enhancement and a preference for minimally invasive procedures across the globe. For instance, according to the American Society of Plastic Surgeons (ASPS), in the U.S., nearly 18 million minimally invasive and surgical cosmetic products were performed in 2020, out of which nearly 16 million products were minimally invasive. Owing to the glaring statistics the increasing adoption of minimally invasive surgeries, coupled with the availability of a wide range of such treatment options across the globe is leading to the growing demand for facial injectables and would contribute to the growth of the market in the forthcoming period as well. In addition, due to an increase in the senior population and the advent of improved facial injectables such as synthetic calcium hydroxylapatite (CaHA) fillers are likely to aid the market growth. Furthermore, the facial injectables market is anticipated to grow on account of the increased demand for improving the appearance of recessed scars, Reconstructing contour deformities in the face, Decrease or removing the shadow of the lower lids. However, some of the restraints in the market including the relative side effects and lack of permanence of facial injectables are impeding the growth of this market all over the world.
Ipsen SA, Merz Pharma GmbH & Co. KGaA, Medytox Inc, Anika Therapeutics Inc, Zimmer Biomet, Croma-Pharma GmbH, Bioplus Co. Ltd, Bioaxis Pharmaceuticals, Galderma S.A, Prollenium Medical Technologies are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst products, the hyaluronic acid (HA) category accounted for the significant share in the market in 2020”
Based on the product, the facial injectables market is segmented into collagen, hyaluronic acid (HA), botulinum toxin type A, calcium hydroxylapatite (CaHA), and polymer fillers. The hyaluronic acid (HA) segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe due to the strong adoption of these product types coupled with the wide application of these fillers. The strong surge in cancer cases in women is expected to lead to an increased demand for effective health devices. Hyaluronic acid helps skin stretch and flex and reduces skin wrinkles and lines. Hyaluronic acid is also proven to help wounds heal faster and can reduce scarring. Furthermore, growing demand for hyaluronic acid-based products, increasing product launches, and increasing hyaluronic acid procedures in this segment are the major factors for the growth of this market.
“Amongst application, the aesthetics category is expected to witness considerable CAGR during the forecast period”
Based on the application, the market is fragmented into aesthetics and therapeutics. The aesthetics segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increasing use of facial injectables for aesthetic procedures such as facial lines, wrinkles on the face, and lip lines, to name a few. Factors like growing awareness about aesthetic procedures and rising disposable income are expected to boost market growth. This is mainly due to the increasing number of baby boomers across the globe seeking anti-aging and wrinkle treatments is estimated to accelerate the product demand. Further, the rising emphasis on facial appearance will be a highly impacting factor for the segment expansion.
“Amongst end-users, the hospitals category is expected to witness considerable CAGR during the forecast period”
Based on the end-users, the market is fragmented into hospitals, dermatology clinics, and others. The hospital segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. A large number of aesthetic procedures, particularly breast procedures, blepharoplasty, and other minimally invasive procedures, are performed in hospitals. Mainly due to the global rise in obesity and the issue of overweight, as well as the high income, and advanced healthcare infrastructure increase the growth rate of the hospital segment. In addition, the increasingly large number of cosmetic procedures and a robust number of aesthetic procedures such as facial injectables performed in hospitals. Furthermore, the rising number of rhinoplasties, sagging skin, cheek depression, dentistry, and reconstructive surgery are also contributing to the growth of this market
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the facial injectables market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the facial injectables industry owing to the higher awareness of aesthetic surgical procedures, technological advancements in cosmetic procedures, the presence of key market players, the increasing geriatric population, and the growing demand for non-invasive aesthetic procedures.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.1. Market Definitions|
|1.2. Main Objective|
|2.1. Research Process of the Facial Injectable Market|
|2.2. Research Methodology of the Facial Injectable Market|
|2.3. Respondent Profile|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. IMPACT OF COVID-19 ON THE FACIAL INJECTABLE MARKET|
|6. GLOBAL FACIAL INJECTABLE MARKET REVENUE (USD BN), 2020-2028F|
|7.2. Hyaluronic Acid (HA)|
|7.3. Botulinum Toxin Type A|
|7.4. Calcium Hydroxylapatite (CaHA)|
|7.5. Polymer Fillers|
|8.1.1. Facial Line Correction|
|8.1.2. Lip Augmentation|
|8.1.3. Face Lift|
|8.1.4. Acne Scar Treatment|
|8.1.5. Lipoatrophy Treatment|
|9.2. Dermatology Clinics|
|10.1. North America|
|10.1.1. The U.S.|
|10.1.3. Rest of North America|
|10.2.2. The U.K.|
|10.2.6. Rest of Europe|
|10.3.5. Rest of Asia-Pacific|
|10.4. Rest of World|
|11.1. Market Drivers|
|11.2. Market Challenges|
|11.3. Impact Analysis|
|12. FACIAL INJECTABLE MARKET OPPORTUNITIES|
|13. FACIAL INJECTABLE MARKET TRENDS|
|14.1. Demand Side Analysis|
|14.2. Supply Side Analysis|
|15. VALUE CHAIN ANALYSIS|
|16.1. Competitive Landscape|
|16.1.1. Porter’s Five Forces Analysis|
|17.1. Ipsen SA|
|17.2. Merz Pharma GmbH & Co. KGaA|
|17.3. Medytox Inc|
|17.4. Anika Therapeutics Inc|
|17.5. Zimmer Biomet|
|17.6. Croma-Pharma GmbH|
|17.7. Bioplus Co. Ltd|
|17.8. Bioaxis Pharmaceuticals|
|17.9. Galderma S.A|
|17.10. Prollenium Medical Technologies|
Research Methodology for the Global Facial Injectables Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global facial injectables market were the three major steps undertaken to create and analyze the adoption of facial injectables in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global facial injectables market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the facial injectables market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the facial injectables market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the product, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the facial injectables market. Further, we conducted factor analysis using dependent and independent variables such as a rise in demand for aesthetic attractiveness enhancement and a preference for minimally invasive procedures, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the facial injectables market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global facial injectables market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the facial injectables market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global facial injectables market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global facial injectables market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, application, and end-users in the global facial injectables market.
The main objective of the Global Facial Injectables Market Study
The current & future market trends of the global facial injectables market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the facial injectables market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product, application, and end-users.
- Define and analysis of the regulatory framework for the facial injectables market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the facial injectables market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the facial injectables market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry