Aesthetics Injectables Market

The global Aesthetics Injectables Market is valued at USD 11.1 Billion in 2023 and is projected to reach a value of USD 27.27 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 10.5% between 2024 and 2032. The market is driven by growing awareness and acceptance of cosmetic treatments, the introduction of innovative injectable products for various uses, and ongoing technological advancements. The American Society of Plastic Surgeons reported that in 2022, Botulinum Toxin (Botox) was the most popular non-invasive procedure in the U.S., with over 7.4 million Botox injections administered.

Key Highlights

• Based on the Product, the Botulinum Toxin (Botox) category accounted for significant market share of 46.2% in 2023
• In 2023, by End-use, Medical Spas dominated the market with significant market share of 47.5%
• Based on Application, Facial Line Correction dominated the market with significant market share in 2023
• North America dominated the market with 40.2% market share in 2023
• Asia Pacific region is anticipated to grow at the highest CAGR of 15.5% during the forecast period
• Technological innovations have transformed aesthetic medicine, making treatments safer, more effective, and less invasive. For instance, FDA's approval of SKINVIVE by JUVÉDERM in May 2023. This breakthrough marked the first hyaluronic acid intradermal microdroplet injection approved for enhancing cheek smoothness. Such advancements enable the development of specialized solutions for individuals looking to enhance their appearance

Product Overview

​The Product segment is divided into Hyaluronic Acid (HA), Botulinum Toxin (Botox), Aquatic Light Injections, Others. The Botulinum Toxin (Botox) segment held the dominant share in 2023, accounting for significant market share of 46.2%.

Purified neurotoxic protein called Botulinum Toxin Type A (BoNTA) originates from bacteria and prevents the contraction of muscles, hence decreasing wrinkles and treating issues like frown lines, forehead lines, crow's feet, and neck bands. Botox has emerged as a major treatment option for age-related symptoms as interest in aesthetic procedures grows on a global scale. Because Botox is helpful in treating a variety of medical issues and because people possess more disposable income, the market for the treatment has expanded significantly. For instance, according to the American Society of Plastic Surgeons, over 7.4 million Botox injections were given in 2022, making it the most popular non-invasive procedure in the United States. This indicates the enormous demand for Botox in the cosmetics industry.

End-use Overview

The End-use segment is divided into Medical Spas, Dermatology Clinics, Hospitals. In 2023, the Medical Spas segment held largest share of 47.5% in the Aesthetics Injectables market.

Medical Spas segment growth is driven by increasing consumer demand for non-invasive cosmetic treatments, advancements in technology that improve treatment efficacy, and a rising focus on self-care and wellness. According to the American Med Spa Association, there were over 8,841 operational med spas in the U.S. in 2022, reflecting a 62% increase since 2018. The need for physician ownership and medical and aesthetic licenses lends medical spas more credibility, which in turn increases patient trust in their offerings.

Regional Overview

In 2023, the North America captured 40.2% of the revenue share.

North America Aesthetics Injectables market is driven by the increasing population aged 25 to 65, a group that is highly concerned about skin aging issues such as sagging, wrinkles, and dark spots. Consequently, there has been a notable increase in the market for cosmetic enhancement products. In addition, rising disposable incomes in the area supports market expansion. Leaders in the sector are concentrating on innovation, R&D, and the introduction of new products as the market in this area grows quickly. In North America, advanced scar therapy techniques such a

U.S. Aesthetics Injectables market, valued at USD 3.6 Billion in 2023 to USD 8.34 Billion in 2032, is anticipated to grow at a CAGR of 9.8% from 2024 to 2032. In 2023, the U.S. dominated market in North America due to the strong demand for advanced laser scar treatment devices. The International Society of Aesthetic Plastic Surgery (ISAPS) reported that in 2022, the U.S. conducted approximately 4,556,970 non-surgical injectable procedures. Of these, 3,945,282 were Botox treatments and 521,169 involved hyaluronic acid (HA) fillers.

Europe is projected to experience substantial growth, driven by favorable reimbursement policies and an increasing number of non-surgical procedures.

In the UK, around 77,924 non-surgical procedures were performed in 2022, with about 64,000 being injectables. The UK government has implemented regulations to restrict injectable procedures for those under 18 and proposed banning unlicensed providers.

In Germany, the market is thriving due to rising popularity, technological advancements, and a growing urban population, with over 496,785 filler procedures conducted in 2022.

France is also seeing significant growth, fueled by heightened awareness of aesthetic benefits and increased adoption of minimally invasive treatments. For instance, French company Symatese is expanding its market presence by partnering with a U.S. distributor for its HA-based products, further boosting the French market.

Asia Pacific region is anticipated to grow at the highest CAGR of 15.5% during the forecast period, driven by opportunities in India, Japan, and China. Growing patient awareness, rising disposable incomes, and an aging population are driving the market. For instance, as per the Asian Development Bank, 40% of the population in the region is anticipated to be above 60 years old by 2050. Another important growth driver is the rapidly growing medical tourism sector, which is mostly concentrated in Southeast Asia. Thailand is a popular destination for foreign patients because of its advanced and affordable medical care.

China is leading the market with the largest revenue share and is projected to grow rapidly, fueled by high demand for anti-aging and pollution-related pro

Australia's market is set for strong growth, driven by millennials' increasing awareness and healthier lifestyles influenced by social media. Recent regulatory changes by the Australian Health Practitioner Regulation Agency (Ahpra) aim to enhance patient safety and industry standards, contributing to market development.

India's market is also poised for growth due to rising awareness and adoption of aesthetic treatments. The ISAPS 2022 report highlighted nearly 177,000 injectable procedures in India, with significant numbers of both botulinum toxin and HA injections. Increasing accessibility to cosmetic clinics, social media awareness, and lower treatment costs are boosting the market, alongside growing medical tourism.

Based on the provided market data, Vantage Market Research offers customizations in the reports to meet the specific needs of clients.

Key Trends

• Increasing Popularity of Non-Invasive Procedures: There is a growing preference for non-surgical, minimally invasive treatments like injectables as it offer quicker recovery times, less discomfort, and more subtle, natural-looking results
• Advancements in Injectable Products: Continuous innovation in product formulations, such as longer-lasting dermal fillers and more targeted neurotoxins, is enhancing the effectiveness and safety of aesthetic injectables
• Focus on Combination Treatments: There is a growing trend towards combining different aesthetic procedures, such as injectables with laser treatments or skincare regimens, to achieve more comprehensive and long-lasting results

‹›

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

Book Demo

Get Access Now

Track market trends LIVE & outsmart rivals with our Premium Data Intel Tool: Vantage Point

Market Dynamics

Rising need for anti-aging treatments drives the Aesthetics Injectables market

As the global population ages, there is an increasing demand for treatments that reduce the visible signs of aging, such as wrinkles, fine lines, and volume loss. Environmental factors such as sun exposure, pollution, and stress contribute to the gradual appearance of wrinkles and the loss of volume and facial definition. The desire to look and feel younger has grown significantly, especially as the global population ages and medical advancements extend life expectancy. The usage of injectables, like Botox and dermal fillers, which provide quick, non-invasive treatments to look younger. As delaying the natural aging process becomes a priority for many, the global demand for aesthetic injectables continues to rise.

Stringent government regulations

The market for Aesthetics Injectables is highly regulated due to the potential risks associated with these treatments. To ensure the security and effectiveness of injectable products, governments in many of various countries have put in place stringent regulations and instructions. These regulations could impact the market by making it more difficult for manufacturers to comply with the law, delaying the approval of novel products, and lowering the quantity of goods that are offered for purchase.

Rising medical tourism creates an opportunity for Aesthetics Injectables market

The increasing trend of medical tourism is positively influencing the Market. Many people are traveling to countries where aesthetic procedures, including injectables, are more affordable or where advanced treatments are available. The trend of more patients seeking these services overseas is driving market growth, particularly in regions known for offering excellent, reasonably priced cosmetic procedures.

Competitive Landscape

Major companies actively involved in product innovation, strategic alliances, and mergers and acquisitions to strengthen their market positions define the Aesthetics Injectables market. Major players including Allergan, Galderma, and Merz Pharma are leading the fiercely competitive sector. However, because of their innovative solutions and global expansions, and new businesses are also advancing. The intense competition is driving continuous advancements in product efficacy, safety profiles, and expanded geographic reach, resulting in a dynamic and rapidly evolving market landscape.

The key players in the global Aesthetics Injectables market include - AbbVie Inc., Merz GmbH and Co. KGaA, Galderma, Prollenium Medical Technologies Inc., Suneva Medical Inc., Sinclair Pharma, Medytox, Inc., Revance Therapeutics Inc., Ipsen Pharma among others.

Recent Market Developments

Merz Aesthetics Launches MAX Merz Aesthetics Exchange, a Comprehensive Educational Ecosystem

• In 2024, Merz Aesthetics, the world's leading medical aesthetics company, launched MAX Merz Aesthetics Exchange, a comprehensive educational platform. This ecosystem offers a transformative learning experience by providing science-based aesthetic knowledge and breaking down traditional barriers, ensuring it meets the evolving needs of learners globally

Radiesse Approved for Décolleté Treatment by Merz Aesthetics in February 2024

• In February 2024, Merz Aesthetics announced that Radiesse, a regenerative biostimulator known for improving skin health, received approval for use in the décolleté area, expanding its application and versatility

Galderma Receives FDA Approval for Restylane Eyelight to Address Undereye Hollows

• In June 2023, Galderma obtained U.S. FDA approval for Restylane Eyelight, an HA dermal filler designed to treat undereye hollows or dark shadows in adults over 21. This was the first U.S. product utilizing NASHA Technology, offering natural-looking results for under-eye volume loss

Revance Therapeutics Gains FDA Approval for DAXXIFY to Treat Glabellar Lines

• In 2022, Revance Therapeutics, Inc. received FDA approval for DAXXIFY, a daxibotulinumtoxinA product for treating glabellar lines

The global Aesthetics Injectables market can be categorized as Product, End-use, Application and Region.