WASHINGTON, June 08, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Facial Injectable Market finds that the increasing demand for aesthetic procedures is expediting market growth. Primarily driven by growing new product launches, the total Global Facial Injectable Market is estimated to reach USD 7.5 Billion by the year 2028.
The Global Market revenue stood at a value USD 4.4 Billion in the year 2021 and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period.
Furthermore, the growing disposable income of the consumers is also anticipated to augment the growth of the Global Facial Injectable Market, states Vantage Market Research, in a report, titled “Facial Injectable Market Size, Share & Trends Analysis Report by Product (Collagen, Hyaluronic Acid (HA), Botulinum Toxin Type A, Calcium Hydroxylapatite (CaHA), by Application (Aesthetics, Therapeutics), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Rising Demand for Aesthetic Procedures to Drive the Market Growth
Increasing advances, the introduction of numerous elements, and more attention have led to an increase in demand for cosmetic procedures. Furthermore, as developing countries around the world improve their economies, disposable income has increased significantly. As a result, a growing number of people are opting for various filler injections to kickstart the growth of their aesthetic appeal. There has also been a significant shift in attitudes around these lovely operations, reducing the stigma associated with them. In the modern-day scenario, there was a growth in the call for classy methods throughout all age groups: the more youthful and geriatric populations. Also, the growth in the protection capabilities of those products has, in addition, contributed to their greater adoption.
New Product Launches to Stimulate Market Growth
The demand for filler treatments has risen considerably in recent years, owing to the desire for progressive aesthetic beauty and the advancement of novel fillers. This trend in Research and Development (R&D) initiatives for novel filler development has resulted in the introduction of enhanced and extra-efficient products. These new product introductions with enhanced visual impacts are critical motivators for greater filler usage. These product introductions have not only provided the most helpful novel items to a wider audience, but they have also introduced new utility indications. Additionally, recent regulatory approvals for the indication of glabellar lines in emerging economies, such as China, are projected to fuel market expansion. As a result, those high-quality trends are expected to result in a strong market growth forecast.
Key Insights & Findings from the Report:
According to our primary respondents’ research, the Facial Injectable market is predicted to grow at a CAGR of roughly 9.4% during the forecast period.
The Facial Injectable market was estimated to be worth roughly USD 4.4 Billion in 2021 and is expected to reach USD 7.5 Billion by 2028; based on primary research.
On the basis of region, Asia Pacific is projected to dominate the worldwide Facial Injectable market.
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Segmentation of the Global Facial Injectable Market:
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The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the IT healthcare industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
The report on Facial Injectable Market highlights:
Historic Data, Estimates and Forecast
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North America Dominated the Global Facial Injectable Market
North America dominated the Global Facial Injectable Market in 2021 and is likely to continue the same trend during the forecast period. This is attributable to the new product launches by important firms and presence of key market players in the region. Furthermore, high expenditure patterns along with higher awareness about aesthetic surgical procedures, technological advancements in cosmetic procedures are also likely to support the regional growth of the market. Additionally, increasing geriatric population and demand for non-invasive aesthetic procedures is also expected to support the growth of the market in the region in the years to come. In 2019, however, certain countries, such as Mexico and Brazil, saw considerable increases in facial injectable procedure volumes.
List of Prominent Players in Facial Injectable Market:
Bloomage Bio Technology Corporation Limited
Browse market data Tables and Figures spread through 148 Pages and in-depth TOC on "Facial Injectable Market Size, Share & Trends Analysis Report by Product (Collagen, Hyaluronic Acid (HA), Botulinum Toxin Type A, Calcium Hydroxylapatite (CaHA), by Application (Aesthetics, Therapeutics), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/facial-injectable-market-246260
February 2022: Merz Aesthetics launched Radiesse (+) as the first and only aesthetic injectable to improve moderate to severe loss of jawline contour.
February 2021: Allergan Aesthetics announced the FDA approval of JUVÉDERM® VOLBELLA® XC for improvement of infraorbital hollows in adults over the age of 21.2 According to clinical trial data, 90% of subjects reported satisfaction through one year after treatment. With this approval, Allergan Aesthetics continues the expansion of its treatment portfolio to better address unmet patient needs.
Key questions answered in the report:
Which regional market will show the highest and rapid growth?
Which are the top five players of the Facial Injectable Market?
How will the Facial Injectable Market change in the upcoming six years?
Which application and product will take a lion’s share of the Facial Injectable Market?
What are the Facial Injectable market drivers and restrictions?
What will be the CAGR and size of the Facial Injectable Market throughout the forecast period?
This market titled “Facial Injectable Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years
Rest Of Middle East & Africa
Bloomage Bio Technology Corporation Limited
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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