Worldwide willingness to look younger and maintain youthfulness is rising swiftly. In addition, rising geriatric population globally increases the demand for aesthetic treatment. Increased healthcare spending, improving lifestyle, growth in working population after attaining retirement age and increased preference for minimally invasive surgeries are some of the factors that are driving the growth of global facial injectables market. Since, facial injectable procedure is a minimally invasive procedure and recovery time is lesser as compared to invasive aesthetic procedures such as plastic surgery and face lift surgeries. Thus, less recovery time and minimal invasive procedure are some of the factors that are attracting aged population with weaker immune system to undergo facial injectable treatment.
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Global facial Injectables market is broadly segmented as hyaluronic acid, collagen, botulinum toxin and polymers and particle fillers (PPFs). Polymers and particles fillers (PPFs) market is expected to grow at faster rate owing to advantage of prolong longevity of effects and reduced side effects over other facial injectable products (hyaluronic acid, collagen and botox). Presently available facial injectable products are widely used for correction of face namely, lip, glabeller, periorbital, nasolabial, chin and cheeks. Apart from reduction of wrinkles appearing on facial skin, facial injectable products are also used to give volume to cheeks, lip augmentation and for correction of depression occurring due to scars. Currently, hyaluronic acid product segment is dominating the global facial injectables market.
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Geographically North America dominates the global facial injectables market. Europe facial injectables market is the second largest market after North America in the global facial injectables market. Availability of aged and adult population pool, increasing willingness to look younger and high rate of spending on aesthetic procedures are some of the factors that are driving the growth of facial injectables market in North America. In addition, highly advanced healthcare infrastructure, well structured regulatory guidelines and higher rate of implementation of regulatory guidelines in practice are some of the other factors fueling the growth of the facial injectables market in North America. Asia Pacific facial injectables market is expected to grow at the highest growth rate during the forecast period from 2014 to 2020. Asian countries namely, India and China account for the largest population pool in the world.
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Therefore, China and India are expected to account for largest pool of geriatric population in the world in near future. Presence of large geriatric population coupled with rising disposable income are some of the key factors augmenting the growth of facial injectables market in Asia Pacific. In addition, rapidly developing healthcare infrastructure and rising healthcare spending are some of the factors that are expected to fuel the growth of the facial injectables market in Asia Pacific. Apart from India and China, South Korea is a lucrative market for facial injectables market owing to rapidly rising aesthetic surgical procedures in the country.
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