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Chinese Facial Injectable Market Will Grow Nearly 20 Percent Annually Through 2022

Companies mentioned in this article: Decision Resources Group

BURLINGTON, Mass., July 1, 2014 /PRNewswire/ -- Decision Resources Group finds that the Chinese market for facial injectables, including hyaluronic acid (HA) dermal fillers and botulinum toxin (BTX), will expand at nearly a 20 percent compound annual growth rate through 2022. Rapid market growth will be primarily a result of economic expansion and a high aesthetic consciousness in China.

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Other key findings from Decision Resources Group's coverage of the Chinese facial injectable market:

    --  Economic expansion: Compared to the North American and European facial
        injectable markets, the Chinese market is relatively underdeveloped.
        However, rapid economic growth in China, particularly in inland regions,
        will spur significant procedure volume expansion because the population
        will increasingly be able to afford cosmetic procedures.
    --  High aesthetic consciousness: Strong demand in China to achieve an
        aesthetically pleasing face is driven by cultural beliefs that marriage
        and career prospects are strongly influenced by appearance.
    --  HA dermal fillers versus BTX: HA dermal filler unit sales will overtake
        BTX because fillers can be used for volume restoration in addition to
        wrinkle removal. Compared to Caucasians, the Chinese population
        generally has faces with flatter contours and thicker skin, which is
        less prone to wrinkling. As a result, as the Chinese patient population
        ages, the focus is often on volume restoration more so than wrinkle
        removal.

Comments from Decision Resources Group Analyst Susan Weng:

    --  "The strict regulatory process in China has severely limited the number
        of available products, with only seven companies offering approved
        products in the market in 2013. While large international manufacturers
        Allergan and Galderma led the BTX and HA filler markets, respectively,
        these companies are facing increasing competition from domestic
        competitors. For example, Bloomage BioTechnology and Lanzhou Institute
        of Biological Products both have very strong presences in China."
    --  "There is an extremely high presence of low-cost counterfeit products in
        China, some of which can even be purchased online for patients to use at
        home. This has created an extremely difficult environment for companies
        with approved products and is continuing to force them to lower prices
        in order to effectively compete."

Additional Resources:

    --  Susan Weng has written a Medtech 360 report on this subject entitled
        Chinese Markets for Facial Injectables 2014.

About Decision Resources Group

Decision Resources Group offers best-in-class, high-value information and insights on critical issues within the healthcare industry. Clients rely on this analysis and data to make informed decisions. Find out more at www.DecisionResourcesGroup.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Decision Resources Group
Christopher Comfort
781-993-2597
ccomfort@dresourcesgroup.com

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SOURCE Decision Resources Group