Parul
With a growing population of beauty-conscious individuals, the demand for aesthetic procedures and products has witnessed a significant upswing in India in recent times. The increased awareness of varied beauty treatments and the influence of social media are contributing to the surge in demand for aesthetic procedures in India. Against this backdrop, the aesthetic injectables market in India is forecast to grow at a compound annual growth rate (CAGR) of over 5 per cent through 2030, according to GlobalData, a leading data and analytics company.
GlobalData’s report, “India Aesthetic Injectable Procedures Count by Segments and Forecast to 2030,” reveals that India currently accounts for about 1 per cent of the Asia-Pacific (APAC) aesthetic injectables market by revenue in 2023.
Ayshi Ganguly, Medical Devices Analyst at GlobalData, comments: “Aesthetic injectables such as botulinum toxin(Botox), hyaluronic, and non-hyaluronic acid fillers are rising in popularity, due to their non-surgical and non-invasive nature. In addition, popularity is driven by successful outcomes, which can be achieved safely and quickly with less recovery time. Moreover, the COVID-19 pandemic has made individuals understand their skin type and requirements and have urged them to opt for more elastic, rejuvenated, hydrated, and plump skin without having to go for any surgery.”
In light of this, the Indian subsidiary of the Italian company Menarini Group recently introduced its new range of fillers and threads, named Definisse Core Filler. This product aims to provide aestheticians with a wide range of solutions including covering fine lines and enhancing facial contours, thereby fulfilling the aesthetic needs of modern Indian consumers. Additionally, the effectiveness, safety, and simplicity of these fillers enable professionals to provide patients with long-lasting results.
Ganguly concludes: “As the aesthetic filler market grows, the number and variety of injectable fillers available to surgeons are also increasing. The Indian aesthetic injectables market is currently on an upward trajectory as people are investing a portion of their disposable income in aesthetic enhancements. Furthermore, the use of virtual reality and artificial intelligence (AI) for precise skin-type recommendations and post-procedure monitoring is attracting a broader spectrum of customers. With the evolution of beauty parameters and advancements in technology and regulations, the aesthetic injectables market is all set to flourish, offering an array of opportunities for both consumers and businesses alike.”
