The global facial injectable market size was valued at US$ 13.9 billion in 2020. The global facial injectable market is forecast to grow to US$ 27.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The global facial injectable market is driven by the increasing focus of the population on physical appearance. The COVID-19 pandemic has also increased the amount of time spent on video calls, which has raised consciousness among adults towards looks. As a result, the demand for Botox treatments has increased abruptly.
Minimally invasive surgeries are gaining substantial traction across the globe. For instance, the American Society of Plastic Surgeons (ASPS) estimates that around 17.7 million minimally invasive were performed in 2018 in the United States. Furthermore, the presence of a wide range of effective cosmetics treatments will also benefit the facial injectable market during the study period.
High disposable income and a rising geriatric population will also drive the demand for facial injectables during the forecast period. Furthermore, the presence of wide range of well-qualified and highly-skilled healthcare professionals, including dermatologists and surgeons, will fuel the growth of the facial injectables market during the study period.
COVID-19 Impact Analysis
The ongoing COVID-19 pandemic is positively impacting the global facial injectable market. It is owing to the rising consciousness among citizens related to looks. However, the market witnessed significant loss during the initial phase due to strict lockdown, which forced clinics to shut their doors. As governments have lifted the restriction, the demand for facial injectables is witnessed increasing again.
Regional Analysis
North America is forecast to dominate the facial injectable market during the study period. The growth of the market is attributed to the large geriatric population in the region and rising consciousness among the citizens.
A study by the American Society of Plastic Surgeons (ASPS) estimates that the demand for cosmetic surgery products has increased in the United States in 2018 from 2000, in which the use of Botox injections increased by 845%.
Followed by North America, Asia-Pacific is forecast to hold another largest market for facial injectables. It is owing to the growing concerns related to physical appearance in India, China, and other developing countries.
Competitors in the Market
Key companies profiled in the report are
Market Segmentation
The global facial injectable market segmentation focuses on Type, Application, and Region.
By Type Outlook
By Application Outlook
By Regional Outlook