Dermal Fillers Market: Information by Type (hyaluronic acid, Polymers & particles, Calcium hydroxylapatite, and Collagen) by Brand (Juvederm, Radiesse and Restylane), by Application (Facial Line Correction Treatment, Face-Lift, and Lip Treatments) and by Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Global Forecast till 2025
Dermal Fillers Market Overview
With old age, faces tend to naturally lose its subcutaneous fat, causing the facial muscles to work closer to the skin surface. This results into the apparent appearance of small lines and crow’s feet upon the skin, particularly around the neck and the facial area. Add to this, other factors such as exposure to the sun, lifestyle, and heredity are also responsible for affecting the skin. Dermal fillers are aesthetic gel-based treatments used for diminishing such facial lines and restores the volume and fullness of the face. These are injected into the skin and are designed to curb down the appearance of wrinkles and stretch marks, adds volume, and contours the face. The global dermal fillers market is projected to surpass a valuation of USD 10000 million by the end of the forecast period, with an expected CAGR of 12.5% between 2017 and 2023.
According to a statistical study conducted by the World Health Organization (WHO), a total of two billion people is slated to be over the age of 50 by the end of 2050. This highlights the massive demand that the dermal fillers market attracts. Dermal fillers combined with other related products and services help provide a speedy facial rejuvenation without the need for a major form of surgery. This drives the demand for the market as it gives quick results and there is little to no downtime linked with the healing process. Various advancements in technology are projected to aid the growth of the market. The proliferation of cosmetic tourism has proven to be both boon and bane to the global market of dermal fillers. It has encouraged consumers to travel across various places for more skilled and cheaper aesthetic surgeries. However, the pursuit of finding affordable dermal filler surgeries has led to the expansion of the black market. There lies a number of illegal and unlicensed practitioners, which is resulting in a number of side effects. This is restraining the market growth as consumers are hesitant in undergoing this type of surgeries.
Market Research Future (MRFR) collected data on several factors including implications of COVID 19 Impact on Dermal Fillers Market and demographic challenges, showed how it could move forward in the coming years.
Dermal Fillers Market Segmentation
The market segmentation of dermal fillers is segmented on the basis of applications and types.
By types, the market includes hyaluronic acid, botulinum toxin, collagen, polymers & particles. The polymers & particles segment is further divided into calcium hydroxylapatite, polymethylmethacrylate, and poly-l-lactic acid. The botulinum toxin segment is projected to reach a market valuation of USD 4601.67 million by the end of 2023. The hyaluronic acid segment is also expected to garner an impressive market growth with a CAGR of 12.9% during the forecast period.
By application, the market includes face-lift, facial line correction treatment, lip treatment, and others. The market segment is spearheaded by facial line correction treatment with a significant market share of 44.1% in 2016. However, the face-lift segment is predicted to grow with the highest CAGR of 12.8% during the review period, thereby generating a projected market valuation of USD 3,5907 million by 2023.
Dermal Fillers Market Regional Analysis
The geographical segmentation of the global dermal fillers market covers Europe, the Americas, Asia Pacific, and the Middle East & Africa.
The Americas dominate the global dermal fillers market with 39.3% of the share attached to its name. The majority of the market share can be attributed to the US with Mexico following suit as a popular nation for cosmetic tourism. The Americas region is anticipated to reach a market valuation of USD 3769.6 million by the end of the forecast period of 2023.
The European region will also experience a period of growth in the forthcoming years with a projected CAGR of 12.9% due to growth factors similar to that of the Americas. The Asia Pacific region is forecasted to be the fastest growing market with an expected CAGR of 13.1% during the review period.
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Dermal Fillers Market Competitive Landscape
The global dermal fillers market includes numerous noteworthy players like the Sinclair Pharma, Teoxane Laboratories, Integra Lifesciences, Allergan, Galderma, Dr. Korman Laboratories, Merz Pharma, and others
February 22nd, 2019, Canada MedLaser a top-rated provider of medical aesthetic procedures in Toronto, Canada, has made a compilation of the best total face transformation procedures. The specific treatments aid in targeting the whole face to attain a youthful appearance without the need for surgery. For instance, dark circles are treated with the injection of Dysport Hydraulic Acid, which is approved by the FDA and Health Canada.
