Facial Aesthetics Market Size, Share, Growth and Forecast to 2029 | Data Intelligence
The global facial aesthetics market is expected to grow at a CAGR of 21% during the forecast period 2022-2029.
Growing R&D initiatives in the aesthetics industry and recent regulatory approvals are driving the growth of the market. Additionally, the high proportion of geriatric population and growing patterns of early aging due to environmental factors such as pollution are contributing to the global facial aesthetics market.
The popularity of dermal fillers has grown rapidly in recent years. They rejuvenate and enhance aesthetic improvements that were previously only achievable with surgery, but at lower cost and with little or no recovery time. The North American region dominates the global market from 2022 to 2029.
The United States controls the North American facial aesthetics market owing to the growing demand for dermal fillers and botulinum toxins, owing to improved lifestyles and growing preference for minimal operations. invasive. Asia-Pacific is expected to produce the highest CAGR during the forecast period 2022-2029, owing to the presence of a huge pool of patients using botox and facial dermal fillers in Asia- Peaceful.
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People’s growing concern for their appearance is gradually increasing in both developed and developing countries, leading to an increase in the number of cosmetic surgeries performed each year. According to annual plastic surgery procedure statistics, 17.5 million surgical and minimally invasive cosmetic procedures were performed in the United States in 2017, with a 2% increase in the number of procedures compared to 2016.
The increasing acceptance rate of tissue fillers is high in developed countries, however, in developing countries, people are also increasingly concerned about their appearance, especially the increase in living standards. Wrinkles are the first visible signs of aging. A face marked with furrows appears tired and neglected. Wrinkles are like small breaks in the skin, and the purpose of a filler is to fill them.
Dermal fillers, also known as injectable implants, soft tissue fillers, or wrinkle fillers, are FDA-approved medical device implants to help create the appearance smoother and/or fuller on the face, including nasolabial folds, cheeks and lips. and to increase the volume of the back of the hand. The FDA has approved certain dermal fillers for restoring and/or correcting signs of facial fat loss (lipoatrophy) in people with human immunodeficiency virus (HIV). Hence, the growing acceptance of dermal fillers is driving the growth of the global facial aesthetics market.
l Dermal fillers
l Botulinum toxin (Botox)
l Chemical peel
l Facial line correction treatment
l Scar treatment
l Lip treatments
Per end user
l Specialty and dermatology clinics
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Some of the major players operating in the global facial aesthetics market are Allergan PLC, Galderma Laboratories, LP, Merz Pharmaceuticals GmbH, Teoxane SA, among others. Allergan is one of the major players accounting for the highest market share in 2018, as the company has a number of technologically advanced and specialized products for varied indications through its family of JUVÉDERM dermal fillers.
This line includes a number of fillers for various indications such as wrinkle correction and lip enhancement. The major players are adopting several strategies such as product launches, partnerships, mergers and acquisitions, collaborations and finding a new market in their core competence in order to stay competitive in the market.
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