USD 10.6 Billion
Facial Aesthetics Market Size, Share, Growth Analysis, By Product(Dermal Fillers, Botulinum toxin, Microdermabrasion, Chemical peels), By Application (Facial Line Correction Treatment, Scar Treatment, Lip Enhancement, Restoration of Volume or Fullness), By End User(Specialty Clinics, Dermatology Clinics, Hospitals, and others ), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2280 |
Region:
Global |
Published Date: May, 2024
Pages:
219
|Tables:
95
|Figures:
78
Facial Aesthetics Market Insights
Global Facial Aesthetics Market size was valued at USD 10.6 Billion in 2022 and is poised to grow from USD 11.9 Billion in 2023 to USD 30.2 Billion by 2031, at a CAGR of 12.4% during the forecast period (2024-2031).
The global facial aesthetics market has recently seen a rise in demand due to the growth in cosmetic industry, rise in female population, increasing number of key market players and rise in the different types of approved procedures. Technological advancements have been a major driver for this market. There is also an increasing self-awareness amongst the young population based on their physical appearance, which increases the need for having facial aesthetic procedures. There is also a prevalence of cosmetic surgeries among the geriatric population, as these are minimally invasive, and have lesser incidence of post-surgical difficulties in recent times. Facial aesthetics are used in a wide range of applications such as lip enhancement, restoration of facial volume and face rejuvenation. In addition, multiple procedures can be used to perform skin lightning, improving skin texture, and treating facial lines. However, there is also high cost associated with such procedures. All these factors are contributing to the rapidly growing demand for the facial aesthetics market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Dermal Fillers
Fastest Growth
Botulinum Toxin
Growth Rate
12.4% CAGR
Global Facial Aesthetics Market ($ Bn)
Country Share for North America Region (%)
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Facial Aesthetics Market Segmental Analysis
The global facial aesthetics market is segmented based on product, application, end user and region. By product, the market is segmented into dermal fillers, botulinum toxin, microdermabrasion, chemical peels and others. By application, the market is segmented into facial line correction treatment, scar treatment, lip enhancement, restoration of volume or fullness and others. By end user, the market can be segmented into specialty clinics, dermatology clinics, hospitals and others. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific Middle East and Africa.
Analysis By Product
Dermal fillers have dominated the market of facial aesthetics. The dominance of this product is due to its versatility, effectiveness, and widespread acceptance among patients and practitioners. These injectable implants are commonly used to restore volume, smooth out wrinkles, and enhance facial contours, offering immediate and noticeable results with minimal downtime. Therefore, these have the widest applications. Dermal fillers have various formulations, including hyaluronic acid, calcium hydroxylapatite, and poly-L-lactic acid, allowing healthcare providers to tailor treatments to individual patient needs. Additionally, advancements in filler technology have led to the development of longer-lasting and more natural-looking results, further driving their popularity in cosmetic procedures. Also, the non-surgical nature of dermal filler treatments appeals to many patients seeking aesthetic enhancements without invasive surgery. As a result, dermal fillers continue to dominate the facial aesthetics market.
The fastest-growing facial aesthetics is the Botulinum Toxin segment, as there has been increased research on advanced botulinum toxin products. It is effective in reducing dynamic wrinkles, such as forehead lines, crow's feet, and frown lines, which has made it immensely popular among patients seeking non-invasive facial rejuvenation treatments. Botulinum toxin injections temporarily paralyze the underlying facial muscles, resulting in smoother, wrinkle-free skin for several months. Since it is a minimally invasive procedure, botulinum toxin treatments appeal to patients looking for quick and convenient solutions with minimal downtime. Moreover, advancements in injection techniques and formulations have improved the safety, efficacy, and longevity of botulinum toxin treatments, enhanced patient satisfaction and driving demand. Overall, these factors collectively propel botulinum toxin to be the fastest-growing product in the global facial aesthetics market.
Analysis By End User
The Hospitals are the largest end user segment in facial aesthetics. There is an increasing number of hospitals who are undertaking such procedures. Government spends on hospitals for aesthetics department have also seen a rise in recent times. Hospitals are equipped with advanced facilities and resources, including specialized clinics and treatment rooms, making them well-suited for offering a wide range of facial aesthetic procedures. Hospitals also employ skilled healthcare professionals, including plastic surgeons, dermatologists, and aestheticians, who are trained and experienced in administering facial aesthetic treatments safely and effectively. They tend to provide a comprehensive range of medical services, attracting a diverse patient population seeking various cosmetic enhancements. Moreover, the credibility and reputation associated with hospital-based facilities instill confidence in patients regarding the quality and safety of facial aesthetic procedures performed therein. Hospitals also frequently collaborate with leading pharmaceutical and medical device companies to access the latest technologies and products, further enhancing their capabilities in delivering superior facial aesthetic treatments.
Dermatology clinics are experiencing rapid growth as an end user in the global facial aesthetics market due to several factors. There is a rising demand for cosmetic procedures, without going to hospitals. As more and more procedures get approved by the FDA, these clinics attract customers with their wide range of offerings. Dermatology clinics specialize in skin-related treatments and procedures and employ dermatologists and skincare specialists who possess extensive expertise in administering cosmetic treatments, including injectables, lasers, and chemical peels. Dermatology clinics also tend to offer a more personalized approach to patient care, often tailoring treatments to individual needs and preferences. Additionally, advancements in dermatological technologies and techniques have expanded the range of available treatments, further fueling the growth of dermatology clinics in the facial aesthetics market. The increasing emphasis on skincare and anti-aging solutions in modern society has heightened awareness and acceptance of dermatology clinics as preferred destinations for facial aesthetic treatments. Together these factors contribute to dermatology clinics emerging as the fastest-growing end user in the global facial aesthetics market.
Global Facial Aesthetics Market By Product
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Facial Aesthetics Market Regional Insights
The dominating region in facial aesthetics market is North America. This region has a high level of disposable income and a culture that places importance on youthfulness and appearance. It is also home to many skilled healthcare professionals, including plastic surgeons, dermatologists, and aesthetic practitioners, who are well-versed in administering facial aesthetic treatments. Moreover, this region has advanced healthcare infrastructure and facilities, including specialized clinics and medical spas, equipped with state-of-the-art technologies for delivering a wide range of facial aesthetic procedures. Extensive research and development activities, along with strong regulatory frameworks, contribute to the availability of innovative products and treatments in the North American market. All these factors collectively position North America as the dominant region in the global facial aesthetics market.
Asia Pacific, on the other hand, is a rapidly growing segment in this market. As the population in this region is increasing, there is a rise in awareness among the young generation regarding the availability of different facial aesthetic procedures. This region is also witnessing rising disposable income levels, which have led to increased awareness and acceptance of facial aesthetic treatments. Evolving beauty standards and a growing emphasis on appearance in Asian cultures also drive demand for cosmetic procedures. Moreover, advancements in medical technology and treatment techniques have made facial aesthetic procedures more accessible and appealing to a broader range of people. The presence of large number of skilled healthcare professionals and the establishment of specialized aesthetic clinics and centres cater to the growing demand for facial aesthetic treatments. Additionally, medical tourism in countries like South Korea and Thailand, known for their expertise in cosmetic procedures, further boosts the growth of the facial aesthetics market in the Asia Pacific region.
Global Facial Aesthetics Market By Region
- Largest
- Fastest
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Facial Aesthetics Market Dynamics
Drivers
Increasing Number of Product Launches
- Continuous advancements in technology, such as laser treatments, minimally invasive procedures, and non-surgical options, have expanded the range of available facial aesthetic solutions. These innovations often lead to safer, more effective, and less invasive treatments, attracting a wider consumer base. Stringent regulatory approvals also focus on the safety of aesthetic procedures. This has helped build the trust among consumers. This, in turn, has encouraged more individuals to consider and undergo facial aesthetic treatments.
Increasing Geriatric Population
- There has been a surge in consumer awareness regarding available facial aesthetic procedures and products. Even consumers belonging to the aging group, are aware of these procedures through various social media and the internet. The global rise in this aging population has been a significant driver for the facial aesthetics market. As people age, they often seek cosmetic procedures to address signs of aging such as wrinkles and sagging skin.
Rising Disposable Income & Social Media Influence
- In recent times, there has been a huge impact of social media on beauty standards and self-image. Social media platforms often highlight the importance of appearance, contributing to an increased demand for cosmetic procedures. As economies develop, there tends to be an increase in disposable income. Consumers have more money to spend on such procedures. Therefore, higher disposable incomes enable more individuals to afford facial aesthetic treatments, contributing to market growth.
Restraints
High Cost of Procedures
- The cost associated with facial aesthetic procedures, especially surgical ones, can be a significant high. This is a big challenge for many potential patients. Additionally, common insurances typically do not cover cosmetic procedures, making them an out-of-pocket expense. Also, such procedures fall under non-essential services. During economic downturns, there is a significant drop in consumer spendings on these services.
Potential Side Effects & Risks
- Even though the number of procedures is increasing day by day, along with technological advancements, there are still underlying concerns about potential side effects, complications, or unfavourable outcomes which can deter the consumers from opting for facial aesthetic treatments. Awareness and communication about the safety of procedures are crucial in overcoming these concerns.
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Facial Aesthetics Market Competitive Landscape
The facial aesthetics market is fragmented, with international and local market players. Key market players in the facial aesthetics market are focussing on product launches, product approvals and other activities, such as patents. They are also constantly undertaking initiatives acquisitions, joint ventures, collaborations, and partnerships to strengthen their position in the market. These activities have paved the way for the expansion of business and customer base. Research and innovation are key to the growth of this market. Competitors in this industry must significantly invest in development of safer and more economical facial aesthetics procedures, to attract more customers in the coming future.
Top Player’s Company Profile
- Abbvie Inc.
- Adoderm GmbH
- Anika Therapeutics, Inc
- Bausch Health Companies Inc.
- Candela Syneron
- Cutera Inc.
- Cynosure
- Elan Aesthetics
- Evolus Inc.
- Fotona DOO
- Galderma Laboratories IP
- Ipsen
- Johnson and Johnson
- Mentor Worldwide LLC
- Merz Anteis SA
- Prollenium Medical Technologies
- Revance Therapeutics
- Sinclairs Pharmaceuticals Limited
- Suneva Medical
- Teoxane
- Vital Esthetique
- Zimmer Aesthetics
Recent Developments
- In January 2024, in a significant move to advance facial aesthetics treatments in India, DBRIDGE INDIA PVT. LTD., a subsidiary of South Korea’s Dental Bridge Co., LTD., has launched their platform “Doctorbridge” to link medical device manufacturers with end-users, especially doctors.
- In November 2023, health minister Ampareen Lyngdoh of Meghalaya, India, inaugurated the Rejuve Aesthetics, a state-of-the-art clinic at Laitumkhrah, Shillong. The brand is owned by Dr. Sharadee Shreemoyee and has collaborated with a Shillong-based entrepreneur Ragini Shadap. Both of them opened this clinic with a vision that the people of Meghalaya don’t have to travel outside the state for their aesthetic needs.
- In June 2023, Facial Aesthetics, Colorado's premier medical spa of 30 years, opened its fourth location in Superior, Colorado. This clinic provides a convenient option for new and existing clients who wish to invest in their skin health and aesthetic wellness by seeking treatments in skin care, injectables and/or non-surgical body sculpting.
Facial Aesthetics Key Market Trends
- Rise in Non-surgical Procedures: There is a notable shift towards non-surgical or minimally invasive procedures, such as injectables (e.g., dermal fillers, botulinum toxin). Patients often prefer these procedures due to shorter recovery times and less discomfort compared to surgical options.
- Rise in Technology: Advancements in technology, such as AI-driven facial analysis, 3D imaging, and augmented reality simulations, are becoming popular in the consultation process. These technologies help both practitioners and patients visualize potential outcomes more accurately.
Facial Aesthetics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global facial aesthetics market analysis, several factors like increasing aging population, rising number of product launches, rising disposable income and the influence of social media, are driving the growth of this market. Dermal fillers are the most common type of facial aesthetic procedure undertaken, whereas botulinum toxin procedures are seeing rapid growth. The dominant share in this market is held by the facial line correction treatment, which is also the most rapidly growing. Hospitals are the most common end user of facial aesthetics. Dermatology Clinics, on the other hand, are quickly catching up. North America has the largest market for facial aesthetics, since this region has a well well-developed aesthetic industry, and varied kinds of procedures that are approved by the FDA. The Asia Pacific region, on the other hand is a rapidly growing market, where the female population is increasing, and the young generation is becoming more aware of these procedures using social media. This market's landscape shows close competition between various international players, who are dedicated to developing varied kinds of procedures in the facial aesthetics market. Few key challenges faced by this market is the cost associated and the safety concerns related to these solutions. Key market players need to continuously research and develop to bring in improved, cost effective and safer procedures in the market as well as obtain approvals from the regulatory bodies to overcome the competition it faces in this industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.6 Billion |
| Market size value in 2031 | USD 30.2 Billion |
| Growth Rate | 12.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Facial Aesthetics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Facial Aesthetics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Facial Aesthetics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Facial Aesthetics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Facial Aesthetics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Facial Aesthetics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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