May 9th, 2022 DataM Intelligence Releases
Facial aesthetics such as Botox, injections, face fillers, and anti-wrinkles are aesthetic treatments used to enhance the face by softening the expression lines and defining the contour lines.
According to the research report published by the DataM Intelligence, the North America Facial Aesthetics market size was valued at USD XX billion in 2021, it is projected to reach at USD XX billion by 2029, with growth at a CAGR of XX% over the forecast period 2022-2029.
Growing interest toward aesthetic appearance among consumers is boosting the demand for facial aesthetics market. Aesthetic fillers that contain hyaluronic acid, collagen, and polymers and particles are used to give the skin or feature a cosmetic boost. Currently, people in North America are spending more money on cosmetics. They are eager to adopt novel cosmetic treatments, thus boosting market development.
Rising shift of customers towards minimally invasive and non-invasive procedures is expected to drive the growth of the facial aesthetics market. Rising ageing population coupled with these facial aesthetic procedures comprising smaller incisions, low pain, and lower incidences of post-surgical complications leading to speedy patient recovery are some other factors boosting the market growth of facial aesthetics market across the world.
There are several side-effects caused by facial aesthetics which limit the adoption of these product among consumers. For instance, botulinum toxin can cause some unwanted effects, including dry eye, an upset stomach, numbness, mild pain, swelling or bruising around the injection site, among others.
Growing advancements in the field of cosmetology and dermatology have benefited the urban population that are mainly focusing on skin aesthetics and beauty. Thus, drastic rise in preference for injectable dermal fillers will offer attractive opportunity for market expansion.
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Aesthetic practitioners have been greatly impacted by the onset of the COVID-19 pandemic. According to a survey, more than 90% reported that their practice had been affected by the virus. The physical impact on business cannot be underestimated, with over 80% of practitioners reporting the closure of clinics, a reduction in revenue (68%), and a reduction in enquiries (63%).
Recent Developments in the Industry:
As per the research analysis, the facial aesthetics market is segmented by product into dermal fillers (Hyaluronic Acid, PMMA, Calcium Hydroxylapatite, Poly-L-lactic Acid, Collagen), botulinum toxin (Botox), chemical peel, microdermabrasion. Further, on the basis of application, the market is divided into facial line correction treatment, scar treatment, lip treatments, restoration of volume/ fullness, wrinkle correction, and others. The end user segment is segmented into hospitals, specialty & dermatology clinics, and others.
The North America facial aesthetics market is segmented into major countries including US, Canada, and Mexico.
In the North America region, the United states holds the dominant share of more than 70% in 2020, followed by Canada. The U.S. has a growing demand for botulinum toxins and dermal fillers, owing to improving lifestyles and growing preference for minimally invasive surgeries. In November 2018, Galderma Laboratories, L.P. received an FDA approval for Restylane Lyft’, a hyaluronic acid dermal filler used for cheek augmentation and age-related face contour deficiencies. In addition, increasing number of facial volume replacement and enhancement procedures is also expected to contribute in growth of North America facial aesthetics market.
The key players are adopting several strategies such as product launches, partnership, merger and acquisition, collaborations, finding a new market in their core competency in order to stay competitive in the market. For instance, in June 2020, Allergan Aesthetics, a subsidiary of AbbVie Inc. (U.S.), received the FDA approval of JUVÉDERM® VOLUMA™ XC for the augmentation of the chin region in adults over the age of 21 years.
Some of the major players operating in the North America facial aesthetics market are: Allergan PLC, Galderma Laboratories, L.P., Merz Pharmaceuticals GmbH, Teoxane SA, among others. Allergan is one of the major player occupying the majority of market share in 2020, as the company has a number of technologically advanced and specialized products as per varied indications due to its JUVÉDERM family of dermal fillers.
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