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Facial Injectables Market Analysis

The Facial Injectables Market size is estimated at USD 12.12 billion in 2024, and is expected to reach USD 16.81 billion by 2029, growing at a CAGR of 6.77% during the forecast period (2024-2029).

The outbreak of the pandemic impacted the facial injectables market adversaly. For instance, according to the July 2022 NCBI research article, based on 12 weeks of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries worldwide were canceled or postponed in 2020. In addition, a large number of cases of COVID-19 across the globe had a slight negative short-term impact on surgical rates for cosmetic procedures in the initial outbreak phase. However, owing to the resumption of elective services and cosmetic procedures around the world in 2021 and 2022, the market started to gain traction and is expected to continue the upward trend over the forecast period.

The rising aesthetic consciousness and the number of cosmetic procedures, the introduction of cost-effective facial injectables, and the aging population are some of the major factors propelling the market's growth. The cosmetics industry has witnessed a boom over the past decade. In particular, there has been an increase in the total number of non-surgical procedures, such as injections of wrinkle relaxers and dermal fillers, due to the surge in aesthetic appeal and availability of highly advanced aesthetic procedures. This trend is primarily due to the advantages of technology, such as low recovery times, a lower risk of infection, no blood loss, and an overall reduction in procedural costs. For instance, according to the 2021 International Society of Aesthetic Plastic Surgery (ISAPS) report, more than 10,129,528 cosmetic surgical procedures were performed in 2021. The top non-surgical procedures in 2021 include calcium hydroxylapatite (222,785), poly-L-lactic acid (121,087), botulinum toxin, and hyaluronic acid. Therefore, such a high number of facial injectable procedures is anticipated to spur market growth over the forecast period.

In addition, there is a consistent rise in the geriatric population, which helps boost the market's growth. For instance, according to the 2021 WHO report, by 2030, 1 out of every 6 people across the globe will be 60 years of age or older. The number of people aged 60 and up is expected to rise from 1 billion in 2020 to 1.4 billion by 2050. By 2050, the global population of people aged 60 and above will reach 2.1 billion. Between 2020 and 2050, the number of people aged 80 and above is expected to triple, reaching 426.0 million. Since the geriatric population is the major target group for cosmetic procedures, increasing the geriatric population is likely to boost the market's growth over the forecast period.

The market players are adopting various strategies, such as product launches, developments, collaborations, partnerships, acquisitions, and expansions, to increase their market share. For instance, in September 2021, Aesthetics Innovators launched two new injectables into the aesthetics sphere: MaiLi, a hyaluronic acid (HA) dermal filler that uses less product than traditional fillers, and Lanluma, an industry-first collagen-stimulating filler for the body. As a result, such innovations are expected to create new opportunities for the market, propelling market growth.

However, the side effects of available products and the lack of reimbursement policies supporting cosmetic procedures may impede the market's growth over the forecast period.

Facial Injectables Market Trends

Hyaluronic Acid Segment is Expected to Hold Significant Share Over the Forecast Period

Facial Injectables Industry Segmentation

As per the scope of the report, facial injectables aid in rejuvenating the facial skin by reducing wrinkles, raising scar depression, and enhancing the lips. Facial injectables are products that include collagen and hyaluronic acid fillers, as well as synthetic fillers, such as calcium hydroxylapatite. Injectable products, such as hyaluronic acid, increase skin hydration, improve skin, protect from UV damage, and have relatively few side effects. The Facial Injectables Market is Segmented by Type (Wrinkle Relaxers (Botulinum Toxin) and Dermal Fillers (Collagen, Hyaluronic Acid, Fat Injection, Polylactic Acid, Polymethyl-methacrylate Microspheres (PMMA), Calcium Hydroxylapatite, and Other Dermal Fillers), Application (Facial Line Correction, Lip Augmentation, Face Lift, Acne Scar Treatment, Lipoatrophy Treatment, and Other Application), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments. The report also covers the estimated market sizes and trends for 17 countries across global regions. The report offers the value (in USD million) for the above segments.