Surgical techniques in facial rejuvenation have undergone several innovations over the years. One of the most common nonsurgical procedures used is Botulinum toxin, which works by temporarily paralyzing facial muscles, eliminating or at least reducing static rhytids. Botulinum toxin is now available in several formulations. While there are risks associated with the use of this substance, it has become a highly successful procedure to improve the appearance of aging.
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Other procedures include a facelift or nonsurgical fillers. A facelift is typically the anchor for a facial rejuvenation procedure, but can be complemented by other procedures. Nonsurgical treatments improve volume and correct wrinkling, folds, and age spots. Some of the procedures also include neurotoxins injected into the muscles of the forehead. This can provide a brow lift effect. These facial rejuvenation procedures are performed by experienced cosmetic surgeons.
The global facial rejuvenation market is estimated to account for US$ 35,518.9 Mn in terms of value by the end of 2027.
Global Facial Rejuvenation Market: Drivers
Growing focus on improving aesthetic appeal is expected to boost growth of the global facial rejuvenation market over the forecast period. Moreover, increasing number of facelift surgeries is also expected to boost growth of the market. For instance, according to International Society of Aesthetic Plastic Surgery, 398,798 number of facelift surgeries were performed worldwide in 2018.
Global Facial Rejuvenation Market: Opportunities
Expanding medical tourism in Brazil, Dubai, Thailand, Singapore, and South Korea is expected to offer lucrative growth opportunities for market players. For instance, according to ISAPS, 392,530 nonsurgical procedures were performed using botulinum toxin in Brazil in 2018.
Global Facial Rejuvenation Market: Restraints
Presence of very few institutes that offer training on advanced procedures in facial rejuvenation, especially in the emerging economies is expected to hinder growth of the global facial rejuvenation market.
The Botulinum products segment in the global facial rejuvenation market was valued at US$ 7,845.5 Mn in 2018 and is expected to reach US$ 13,537.4 Mn by 2025 at a CAGR of 6.0% during the forecast period. The growth of the segment is attributed to increasing demand for minimally invasive facial rejuvenation procedures.
The Dermatology Clinics segment held dominant position in the global facial rejuvenation market in 2018, accounting for 81.2% share in terms of value, followed by hospitals, respectively. Increasing number of facial aesthetic procedures in expected to drive the growth of the segment during the forecast period.
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The demand for botulinum products is increasing significantly. Botulinum injections are the widely preferred therapeutic procedure among patients. However, pricing and availability of the drug differs from country to country. For instance, according to ISAPS, adoption of botulinum toxin worldwide witnessed 17.4% growth in 2018 compared to 2017.
The number of men opting for Botulinum injection has increased significantly. For instance, according to ISAPS, in 2017 656,097 men opted for Botulinum toxin, which increased to 752,752 in 2018.
Registration/GMP requirements in the U.S.
- Under FDA’s Voluntary Cosmetic Registration Program (VCRP) – 21 CFR 710 and 720 ; it is voluntary for cosmetics
- For drugs, it is under FD&C Act, sec. 510; 21 CFR 207; it is mandatory for drugs
- For manufacturing cosmetics, adherence to cGMP guidelines is preferred but not mandatory
- For medical devices to adherence to registration and cGMP guidelines is mandatory
Labelling and other requirements
- For cosmetics, labelling is guided by FDA’s Cosmetic Labeling Manual
- For OTC drugs, labelling is must and done as per labeling norms listed under 21 CFR 201.66
- Active ingredients should be listed alphabetically in descending order of predominance followed by inactive ingredients
- FDA issued an alert 66-38 on 17th July 2015 pertaining to extra compliance and checking for manufacturers of anti-wrinkle creams mentioned on FDA’s “yellow list” to prevent affectation from false claims
- Botulinum type-A cosmetic products are newly labelled as Onabotulinumtoxin A, Abobotulinumtoxin A (Dysport) and Incobotulinumtoxin A (Xeomin) used for treating moderate to severe glabellar lines, moderate to severe lateral canthal lines, known as crow’s feet
Global Facial Rejuvenation Market: Competitive Landscape
Major players operating in the global facial rejuvenation market include, Merz Pharma, Anika Therapeutics, Inc., Lumenis, Galderma, Allergan (Actavis), Contura Ltd., Fibrocell Science, Inc., and Revance Therapeutics.
Global Facial Rejuvenation Market: Key Developments
Key players in the market are focused on product launch and approval to expand their product portfolio. For instance, in October 2019, InMode Ltd. received Health Canada Certification for multiple new products such as Morpheus8 and AccuTite. Morpheus8 a proprietary subdermal adipose remodeling device. AccuTite is a minimally invasive technology.
Key players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2019, Venus Concept Inc., a medical aesthetic technology company, announced the completion of its merger with Restoration Robotic, Inc.
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The Study Objectives are:
✔ A comprehensive insight into key players operating in the Facial Rejuvenation Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Facial Rejuvenation Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Facial Rejuvenation Industry Impact
Chapter 2 Global Facial Rejuvenation Competition by Types, Applications, and Top Regions and Countries
2.1 Global Facial Rejuvenation (Volume and Value) by Type
2.3 Global Facial Rejuvenation (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Facial Rejuvenation Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Facial Rejuvenation Market Analysis
Chapter 6 East Asia Facial Rejuvenation Market Analysis
Chapter 7 Europe Facial Rejuvenation Market Analysis
Chapter 8 South Asia Facial Rejuvenation Market Analysis
Chapter 9 Southeast Asia Facial Rejuvenation Market Analysis
Chapter 10 Middle East Facial Rejuvenation Market Analysis
Chapter 11 Africa Facial Rejuvenation Market Analysis
Chapter 12 Oceania Facial Rejuvenation Market Analysis
Chapter 13 South America Facial Rejuvenation Market Analysis
Chapter 14 Company Profiles and Key Figures in Facial Rejuvenation Business
Chapter 15 Global Facial Rejuvenation Market Forecast (2022-2028)
Chapter 16 Conclusions
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