Dermal Fillers Market to Register Robust Growth During Forecast Period
Rise in awareness regarding
dermal fillers and increasing number of plastic surgeons performing aesthetic
procedures to drive global dermal fillers market
According to
TechSci Research report, “Global Dermal Fillers Market By Type (Biodegradable,
Non-biodegradable), By Material Type (Hyaluronic Acid, Calcium Hydroxylapatite,
Poly-L-lactic Acid, Polymethyl-methacrylate Microspheres [PMMA], Collagen,
Others), By Application (Wrinkle Correction Treatment, Facial Line Correction,
Face Lift, Lip Enhancement, Scar Treatment, Others), By End Use (Dermatology
Clinics, Hospitals, Beauty Clinics, Others), By Region, Forecast &
Opportunities, 2025”, the market is expected to witness significant CAGR until
2025 owing to growth factors including increasing number of women in workforce
with high disposable income. Also, advancements in skincare technology is
making facial aesthetic treatments more accessible and affordable for consumers
keen on improving their skin hydration and texture. Rapid advancements in the
cosmetology and dermatology field is another key factor boosting the growth of
global dermal fillers market. This has also led to drastic rise in preference
for medical aesthetics which provides great opportunity for manufacturers to
expand their market.
Additionally, growing inclination of people towards
non-invasive cosmetic procedures is a major factor leading to the growth of dermal
fillers market. Dermal fillers are being preferred over surgical alternatives as
they fortify facial features without the risk of bleeding, pain or invasion of
tissues. They are also relatively cost effective when compared to surgical
treatments. Some other factors contributing to the growth of dermal fillers
market include the growing geriatric population and the external environment
factors which lead to heightened ageing of skin.
However, there are certain major issues which might hinder
the growth of global dermal fillers market. Side-effects associated with dermal
fillers might act as a major restraint for the growth of dermal fillers market.
Also, black market of dermal fillers is a growing concern for manufacturers. Effects
of unregistered practitioners might also hamper the growth of the market.
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The global dermal
fillers market is segmented based on type, material type, application, end use and
region. Based on material type, the market is segmented into hyaluronic acid,
calcium hydroxylapatite, poly-l-lactic acid, Polymethyl-Methacrylate
Microspheres [PMMA], collagen and others. Among them, the hyaluronic acid holds
the largest market share and is expected to grow at the highest CAGR during the
forecast years as it holds the status of gold standard in dermal fillers. Hyaluronic
acid is minimally invasive and shows instant results. Widespread availability
and continuous improvements in HA fillers by industry players are some other
factors contributing to the robust growth of hyaluronic acid dermal fillers
globally.
Based on application,
the dermal fillers market is segmented into wrinkle correction treatment, facial
line correction, face lift, lip enhancement, scar treatment and others. Dermal
fillers are finding wide application in lip augmentation among women as they
desire to achieve plumper and fuller lips. Additionally, fillers impart natural
look to the lips at affordable cost and are expected to be rapidly adopted in
the market in future. Apart from lip augmentation, dermal fillers are some
being extensively used for facial line correction. The reason being soft tissue
fillers give target treatment to correct specific deformities or scars.
Major players operating in the global
dermal fillers market include Allergan plc, MERZ PHARMA GMBH & CO. KGAA, Galderma
S.A., Inc., Fidia Pharma USA Inc., Syneron Medical, Suneva Medical, Adoderm
GmbH, BIOHA Laboratories, Shanghai Bioha Technology Co., Ltd., Prollenium
Medical Technologies, Inc., Teoxane S.A., Sinclair Pharma plc., Anika
Therapeutics Inc., Croma Pharma GmbH, Huons, Co., Hangzhou Gallop Biological
Products Co., Ltd, Dr. Korman Laboratories Ltd., Laboratoires Vivacy and QTIS
Medical. The market players are adopting various strategies to gain significant
market share by fortifying their product offerings.
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“The key to
success for dermal filler manufacturers is constant innovation and up-gradation
of their product portfolios. The cost-effective dermal filler therapy, especially
in developing economies such as India and China provides exponential growth
opportunities for industry players. In recent years, skincare industry has
undergone major technological developments, which is a major boost for dermal
fillers market. In the coming years, the demand for dermal fillers is expected
to increase further with increasing number of beauty clinics and hospitals
around the world,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Dermal Fillers Market By Type
(Biodegradable, Non-biodegradable), By Material Type (Hyaluronic Acid, Calcium
Hydroxylapatite, Poly-L-lactic Acid, Polymethyl-methacrylate Microspheres
[PMMA], Collagen, Others), By Application (Wrinkle Correction Treatment, Facial
Line Correction, Face Lift, Lip Enhancement, Scar Treatment, Others), By End
Use (Dermatology Clinics, Hospitals, Beauty Clinics, Others), By Region,
Forecast & Opportunities, 2025” has evaluated the future growth potential of global dermal fillers market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global dermal fillers market.
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