Facial Injectable Market to Grow with a CAGR of 12.29% through 2028

Increasing awareness regarding minimally invasive procedures due to various beauty campaigns being organized by key players in the market is expected to drive the Global Facial Injectable Market growth in the forecast period, 2024-2028. 

According to TechSci Research report, “Facial Injectable Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Facial Injectable Market stood at USD 11.70 billion in 2022 and is anticipated to grow with a CAGR of 12.29% and is expected to reach USD 30.56 billion through 2028. The facial injectable market is primarily driven by the surge in demand for aesthetic attractiveness enhancement and a preference for minimally invasive procedures. Furthermore, the facial injectable market is expected to develop due to an increase in the senior population and the advent of improved facial injectables such as synthetic calcium hydroxylaptite (CaHA) fillers. On the other hand, severe regulatory frameworks about injectable medications, as well as side effects including rashes, limit the growth of the facial injectable market during the forecast period.

There has been a significant growth in disposable incomes worldwide, as well as rise in aesthetic attractiveness consciousness. As a result, as more people choose to improve their physical appearance, attitudes around cosmetic operations have shifted. A growing number of people are choosing minimally invasive procedures like facial injectables since they are considered safer and require little to no delay. The neurotoxins like botulinum toxin as well as dermal fillers like hyaluronic acid and calcium hydroxylaptite are among the facial injectables available in the market.                                                       

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The encouraging trends in the use of cosmetic injectables have prompted more notable corporations to become involved. These companies have engaged in a variety of research and development projects in order to develop novel fillers that fulfil unsatisfied customer needs. This has resulted in the introduction of new products as well as a rise in procedure volumes around the world. Such positive factors are projected to have a significant impact on the facial injectable market growth throughout the forecast period. Another important market trend that is predicted to boost the facial injectable market expansion is the increased use of these kind of products by people of all ages.

The mergers, collaborations, partnerships, and agreements between facial injectable manufacturers are boosted by increasing demand for facial injectables, positive government assistance in terms of product approval for new application areas, and commercialization of unique solutions in the facial injectable market. Due to the rise in cosmetic tourism across Asia-Pacific, cosmetic product manufacturers are always concentrating on expanding their product reach.

The Global Facial Injectable Market is segmented into Product, Application, End Use, and company.

Based on Product, the hyaluronic acid (HA) segment has emerged as the predominant market leader, the segment will continue to grow at a significant rate during the forecast period. The hyaluronic acid (HA) is well-known for its capacity to retain moisture in the skin, making it appear healthier. The hyaluronic acid contains a moisture binding property that aids in the enhancement and maintenance of the necessary moisture that keeps the skin plump. Hyaluronic Acid (HA) is a glycosaminoglycan that helps in keeping the skin stable, safeguarded, and persistently renewed. HA is present in a higher concentration in eyes and joint fluid. It has a characteristic that binds moisture on the skin and helps enhance & maintain the vital moisture responsible for plumpness of the facial skin.

Based on Application, facial line correction segment is expected to grow during the forecast period. This growth is 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. An increase in the use of facial injectables for parentheses lines, wrinkles on the face, lip lines, lip augmentation, lip border restoration, perioral lines, and crow’s feet lines are expected to assist in market growth.

Major companies operating in Global Facial Injectable Market are:

• Allergan plc.
• Ipsen Inc.
• Merz Pharma GmbH & Co. KGaA.
• Suneva Medical, Inc.
• Sinclair Pharma.
• Bloomage Biotechnology Corp Ltd.
• Anika Therapeutics, Inc.
• Prollenium Medical Technologies Inc.
• Galderma S.A.
• Medytox.

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“A growing focus on physical appearance among consumers has led to an increased demand for facial injectables in recent years. Increasing awareness regarding minimally invasive procedures due to various beauty campaigns being organized by key players in the market is also a driving factor for market growth. Patients are also opting for cosmetic surgeries owing to the ease of recovery while staying at home. Thus, the market witnessed a spike in demand during the pandemic and this trend is expected to boost further. The presence of well-established key players like Allergan; Sinclair Pharma; Galderma with comprehensive injectable fillers portfolios treating a broad range of skin indications like wrinkles, pigmentation, plumping of lips, and scars, restoring facial fullness. Furthermore, demand enhancing facial contours is also expected to drive the demand for facial injectable procedures thereby boosting market revenue. Increasing social media exposure, rising effectiveness, and approvals for facial injectables as well as the escalating desire among the global population to look aesthetically appealing and young are expected to drive the market during the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Facial Injectable Market Product (Collagen & PMMA Microspheres, Hyaluronic Acid (HA), Botulinum Toxin Type A, Calcium Hydroxylapatite (CaHA), Poly-L-Lactic Acid (PLLA), Others), By Application (Facial Line Correction, Lip Augmentation, Face Lift, Acne Scar Treatment, Lipoatrophy Treatment, Others), By End-use (MedSpa, Dermatology Clinics, Hospitals), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Facial Injectable Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Facial Injectable Market.