The facial aesthetics market share is expected to increase by USD 1.45 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.45%.
This facial aesthetics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers facial aesthetics market segmentations by product (botulinum toxin, dermal fillers, and others) and geography (North America, Europe, Asia, and ROW). The facial aesthetics market report also offers information on several market vendors, including AbbVie Inc., Adoderm GmbH, Alma Lasers GmbH, Anika Therapeutics Inc., Bausch Health Companies Inc., Contura Ltd., Galderma SA, Ipsen Pharma SA, Merz Pharma GmbH & Co. KGaA, and Teoxane SA among others.
What will the Facial Aesthetics Market Size be During the Forecast Period?
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Facial Aesthetics Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increase in cosmetic treatment among consumers is notably driving the facial aesthetics market growth, although factors such as increasing regulatory scrutiny may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the facial aesthetics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Facial Aesthetics Market Driver
The increase in cosmetic treatment among consumers is notably driving the facial aesthetics market growth. Increased interest in personal grooming drives the adoption of aesthetic products such as botulinum toxin, dermal fillers, chemical peel, and microdermabrasion. The adoption is high in countries like Brazil, the US, and Venezuela due to increased awareness through social media platforms, a rise in the marketing of these procedures, and increased media coverage. For instance, as per the American Society for Aesthetic Plastic Surgery, in 2020, about 4,401,536 botulinum toxin procedures and 931,473 chemical peel procedures were conducted in the US. The demand for these procedures is high due to their non-invasive nature and faster recovery period.
Key Facial Aesthetics Market Trend
The growing demand from men for facial aesthetics is the key market trend driving the global facial aesthetics market growth. Men are also undergoing certain cosmetic procedures such as botulinum toxin, dermal fillers, chemical peel, and microdermabrasion. Botulinum toxin is one of the most popular non-invasive treatments on the market. Botulinum toxin works by relaxing the underlying muscles that cause the skin to crease and develop lines or wrinkles. Dermal fillers are also gaining popularity among male consumers, as these are time-conservative procedures, which help rectify moderate to severe wrinkles. Therefore, changing perceptions of men regarding the importance of these procedures are driving the market.
Key Facial Aesthetics Market Challenge
Increasing regulatory scrutiny is the major challenge impeding the global facial aesthetics market growth. The increasing number and stringency of regulations are limiting innovation in the market. Techniques such as micro-needling are emerging in the market. Micro-needling is a skin treatment in which tiny needles penetrate the skin to create superficial wounds, leading to the production of collagen and the generation of new skin tissues. However, regulatory bodies in California and Illinois, along with other states, have limited the experimental practice of this technique. Proper prior approval is required to carry out this technique, thereby inhibiting innovation in the market. Treatments that incorporate platelet-rich plasma (PRP) or stem cells are experimental in nature and, therefore, may draw scrutiny from state regulatory bodies. Thus, the rising regulatory scrutiny can limit the adoption of newer techniques, thereby hindering market growth.
This facial aesthetics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global facial aesthetics market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the facial aesthetics market during the forecast period.
Who are the Major Facial Aesthetics Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AbbVie Inc.
- Adoderm GmbH
- Alma Lasers GmbH
- Anika Therapeutics Inc.
- Bausch Health Companies Inc.
- Contura Ltd.
- Galderma SA
- Ipsen Pharma SA
- Merz Pharma GmbH & Co. KGaA
- Teoxane SA
This statistical study of the facial aesthetics market encompasses successful business strategies deployed by the key vendors. The facial aesthetics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- AbbVie Inc. - The company offers facial aesthetics solutions under the brand names BOTOX Cosmetic, JUVEDERM Collection, KYBELLA and others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The facial aesthetics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Facial Aesthetics Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the facial aesthetics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Facial Aesthetics Market?
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41% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the facial aesthetics market in North America. Market growth in this region will be faster than the growth of the market in regions.
The facial aesthetics market in North America is expected to grow steadily, owing to the rise in interest in personal grooming, leading to an increase in aesthetic cosmetic treatments. This will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 severely impacted the facial aesthetics market in North America, especially in the first half. The exponential rise in the number of COVID-19 cases compelled the governments of various countries in the region to impose restrictions on business and transportation activities, which led to the closure of manufacturing units and affected various offline distributors of facial aesthetic products. However, the rising number of video meets, online educational lectures, and concerns regarding the aesthetic appearance of an individual are expected to stabilize the demand for facial aesthetics amid the COVID-19 outbreak.
What are the Revenue-generating Product Segments in the Facial Aesthetics Market?
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The facial aesthetics market share growth by the botulinum toxin segment will be significant during the forecast period. Botulinum toxin is used to treat chronic wrinkles of the forehead, eyelids, and lips. Botulinum toxin is one of the most effective non-surgical anti-wrinkle procedures that can be performed within five to ten minutes, which, in turn, propels the demand for botulinum toxin procedures.
This report provides an accurate prediction of the contribution of all the segments to the growth of the facial aesthetics market size and actionable market insights on post COVID-19 impact on each segment.
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Facial Aesthetics Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.45% |
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Market growth 2021-2025 |
$ 1.45 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.14 |
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Regional analysis |
North America, Europe, Asia, and ROW |
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Performing market contribution |
North America at 41% |
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Key consumer countries |
US, Germany, China, France, and Canada |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AbbVie Inc., Adoderm GmbH, Alma Lasers GmbH, Anika Therapeutics Inc., Bausch Health Companies Inc., Contura Ltd., Galderma SA, Ipsen Pharma SA, Merz Pharma GmbH & Co. KGaA, and Teoxane SA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Facial Aesthetics Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive facial aesthetics market growth during the next five years
- Precise estimation of the facial aesthetics market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the facial aesthetics industry across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of facial aesthetics market vendors
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