Global market for Botox, Dermal Fillers, and Collagen to hit $4 billion in 2017

March 14, 2011 - PRLog -- According to the report, the global market for facial aesthetics is forecast to reach $4 billion in 2017 at a compound annual growth rate (CAGR) of 9%. The growth is expected to be driven by minimally invasive and non-invasive procedures that offer long term results at competitive pricing. The Botulinum toxin market is expected to maintain the lead in terms of market share, in spite of its high side effects profile. This is due to advantages such as better patient comfort, short procedure times and faster results. Hyaluronic acid based dermal fillers are primarily driven by their low side effects profile. The results of hyaluronic acid based fillers (HA fillers) are short term (three to six months) and as a result recurring income for physicians and aesthetic centres encourages growth of this segment. The particle and polymer fillers market will register lower growth rates compared to Botulinum toxin and HA fillers.

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Focus of companies on lower side effects profile and longevity of aesthetic results of up to two years encourage the future growth of this segment. Loss of recurring income due to long term results discourages physicians and aesthetic centres to suggest polymer fillers for their patients. Collagen products will experience continue to experience decline in the sales as it has been the historic trend. This is due to reasons such as increasing awareness about botulinum toxin and HA fillers and their reducing price trends.

Product ID: GDA09403

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