Facial Aesthetics Market Forecast, Size, Strategies, and Top Players
Global facial aesthetics market is anticipated to witness an exponential growth in the
forecast period. Facial aesthetics help in removing wrinkles and improving the
aesthetic appeal of the face. Facial aesthetic products are applied on the lips
or skin to plump up the tissues and repair the collagen lost due to aging.
The factors that propel
the growth of the market include growing cosmetic treatment among customers,
shifting preference of customers towards minimally invasive and non-invasive
procedures, growing population aged 60, increasing facial aesthetic procedures
comprising smaller incisions. Moreover, factors such as lower incidences of
post-surgical difficulties leading to speedy patient recovery, growing demand
for minimally invasive techniques, and technological advancement are likely to
contribute to the market growth.
On the other hand, there
are factors that may hamper the growth of the market including increasing
governing inspection, high costs associated with this procedure, and risk
associated with medical procedure. Facial aesthetics market is anticipated to
expand at a significant CAGR of 8.05% in the upcoming period as the scope,
product types, and its applications are increasing across the globe. Market
could be explored by product type, type, end user and geography.
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The market could be explored by
product type as Dermal Fillers and Botulinum Toxin. Based on type, market could
span Non-Surgical Procedures and Facial Surgical Procedures. The “Non-surgical”
segment led the market in 2017 and will continue to lead in the forecast
period. The key factor that may be attributed to the growth of market includes
high demand for non-invasive procedures. The market could be explored based on
end user as Aesthetic Clinics, Beauty Salon, and Hospitals.
North America accounted for the major
share of the facial aesthetics market in 2017 and will continue to lead in the
forecast period. The factors that could be attributed to the growth include
rising population of individuals with age 60, high susceptibility to
age-related issues such as scars, acne, and wrinkles, and presence of large
patient pool using Botox and facial dermal fillers. North America is followed
by Europe and Asia-Pacific owing to rising demand for facial aesthetics.
Some of the key players that fuel the
growth of the facial aesthetics market comprise Galderma, Merz Aesthetics,
Mentor Worldwide, Valeant Pharmaceuticals International, Adoderm, Anika
Therapeutics, Laboratories Vivacy, Teoxane, Speciality European, Prollenium
Medical, MD Skin Solutions, Laboratories Orgv, Revitacare, Laboratories
Filorga, SciVision Biotech, and Suneva Medical. The leading companies are
taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
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