Facial Aesthetics Market Size to Grow by $ 1.45 bn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the facial aesthetics market and it is expected to grow by $ 1.45 bn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Facial Aesthetics Market: Emerging Trends to Impact Market Growth
An increase in age directly affects the skin, resulting in facial lines and wrinkles. The skin becomes rougher and loses elasticity with aging. As a result, people opt for facial aesthetic treatments such as botulinum toxin and dermal fillers, which is driving market growth. Collaborative efforts between vendors and physicians are resulting in multiple innovations, which are increasing the number of treatment options for skin aging. This has further augmented the growth of the facial aesthetics market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Facial Aesthetics Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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