Dermal Fillers Market to Register Robust Growth During Forecast Period with a CAGR of 7.58%
An increase in the number
of dermatological diseases and ease of availability of dermal treatments is
expected to drive the global dermal fillers market in the near future.
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], Others), By
Application (Wrinkle Correction Treatment, Facial Line Correction, Face Lift,
Lip Enhancement, Scar Treatment), By Gender (Female v/s Male), By End User
(Dermatology Clinics, Hospitals, Beauty Clinics, Others), By Region, Forecast
& Opportunities, 2016-2026F”, the global dermal fillers market
was valued USD5141.38 million in value terms in 2020 and is forecast to grow at
a CAGR of 7.58% and reach USD7707.73 million by 2026 owing to the growth in factors including an increasing number of
women in the workforce with high disposable income. Also, advancements in skincare
technology are making facial aesthetic treatments more accessible and
affordable for consumers that are keen on improving their skin hydration and
texture.
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Global Dermal Fillers Market"
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Rapid advancement in the cosmetology and dermatology field
is another key factor boosting the growth of the global dermal fillers market.
This has also led to a drastic rise in preference for medical aesthetics which
provides a great opportunity for manufacturers to expand their market.
Additionally, the growing inclination of people
towards non-invasive cosmetic procedures is a major factor leading to the
growth of the global 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.
However, there are certain major issues that might hinder
the growth of the global dermal fillers market. Side-effects associated with
dermal fillers might act as a major restraint for the growth of the global dermal
fillers market. The high cost of dermal filling procedures and the shortage of
skilled taskforce are also among the major hindrances to the growth of the
global dermal fillers market.
The global
dermal fillers market is segmented based on type, material type, application, gender,
end user and region. Based on material type, the market is segmented into Hyaluronic
Acid, Calcium Hydroxylapatite, Poly-L-lactic Acid, Polymethyl-Methacrylate
Microspheres [PMMA] and others. Among them, the Hyaluronic Acid holds the
largest market share and is also expected to lead the market with the highest
CAGR during the forecast period. Hyaluronic Acid is minimally invasive, shows
instant results and is a naturally occurring biodegradable material. Widespread
availability and continuous improvements in Hyaluronic Acidfillers by industry players are some other factors
contributing to the robust growth of Hyaluronic Acid dermal fillers globally.
Based
on application, the global dermal fillers market is segmented into wrinkle
correction treatment, facial line correction, face lift, lip enhancement, and
scar treatment. Face lift is dominating the market and expected to lead the
market in the forecast period as well due to the increasing geriatric
population and elevated awareness regarding self-grooming. Additionally, fillers
impart a natural look to the face at an affordable cost as compared to surgical
procedures. Apart from face lifting, dermal fillers are being extensively used
for facial line correction as soft tissue fillers provide target treatment to
correct specific deformities or scars.
Major players operating in the global
dermal fillers market include AbbVie Inc., Merz Pharma GmbH &
Co. KGaA, Galderma Pharma S.A., Syneron Medical Ltd., Suneva Medical Inc.,
Adoderm GmbH, Shanghai Haohai Biological Technology Co., Ltd., Teoxane SA.,
Prollenium Medical Technologies Inc., Anika Therapeutics Inc, Huons Co
Ltd, Bloomage Biotechnology Corp Ltd., Sculpt Luxury Dermal Fillers Ltd., Estex
Manufacturing Co Inc. and RevitaJal. 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
upgradation 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, the skincare industry has undergone major
technological developments, which is a major boost for the global dermal fillers
market. In the coming years, the demand for dermal fillers is expected to
increase further with an 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], Others), By Application (Wrinkle Correction Treatment, Facial Line
Correction, Face Lift, Lip Enhancement, Scar Treatment), By Gender (Female v/s
Male), By End User (Dermatology Clinics, Hospitals, Beauty Clinics, Others), By
Region, Forecast & Opportunities, 2016-2026F” has evaluated the future growth potential of the global
dermal fillers market and provides statistics and 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 the global dermal fillers market.
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