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Global facial aesthetics market is anticipated to witness an exponential growth in the forecast period. Facial aesthetics help in removing wrinkles and improving the aesthetic appeal of the face. Facial aesthetic products are applied on the lips or skin to plump up the tissues and repair the collagen lost due to aging.
The factors that propel the growth of the market include growing cosmetic treatment among customers, shifting preference of customers towards minimally invasive and non-invasive procedures, growing population aged 60, increasing facial aesthetic procedures comprising smaller incisions. Moreover, factors such as lower incidences of post-surgical difficulties leading to speedy patient recovery, growing demand for minimally invasive techniques, and technological advancement are likely to contribute to the market growth.
On the other hand, there are factors that may hamper the growth of the market including increasing governing inspection, high costs associated with this procedure, and risk associated with medical procedure. Facial aesthetics market is anticipated to expand at a significant CAGR of 8.05% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Market could be explored by product type, type, end user and geography.
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The market could be explored by product type as Dermal Fillers and Botulinum Toxin. Based on type, market could span Non-Surgical Procedures and Facial Surgical Procedures. The “Non-surgical” segment led the market in 2017 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of market includes high demand for non-invasive procedures. The market could be explored based on end user as Aesthetic Clinics, Beauty Salon, and Hospitals.
North America accounted for the major share of the facial aesthetics market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising population of individuals with age 60, high susceptibility to age-related issues such as scars, acne, and wrinkles, and presence of large patient pool using Botox and facial dermal fillers. North America is followed by Europe and Asia-Pacific owing to rising demand for facial aesthetics.
Some of the key players that fuel the growth of the facial aesthetics market comprise Galderma, Merz Aesthetics, Mentor Worldwide, Valeant Pharmaceuticals International, Adoderm, Anika Therapeutics, Laboratories Vivacy, Teoxane, Speciality European, Prollenium Medical, MD Skin Solutions, Laboratories Orgv, Revitacare, Laboratories Filorga, SciVision Biotech, and Suneva Medical. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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