Global Dermal Fillers Market to Clock CAGR of 8.6% From 2018 to 2026: Transparency Market Research

- Dermatologists and medical practitioners have been capitalizing on the popularity of dermal fillers as a nonsurgical procedure for anti-aging in worldwide populations, particularly for facial rejuvenation

- Improving chemistries behind filler injections and growing clinical expertise have helped address complications in patients, motivating commercializing of new products in market year-over-year

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Transparency Market Research

Feb 11, 2020, 08:30 ET

ALBANY, New York, Feb. 11, 2020 /PRNewswire/ -- Constant focus of aesthetic dermatologists in improving the safety and efficacy of injectable dermal fillers has backed the growing demands for the procedure in facial contouring notably in volumization of the lips, treatment of volume deficiency, and augmentation of anatomical sites—all of which are aimed at restoring a youthful look in individuals. Worldwide, growing numbers of people who pin hopes on such cosmetic filler injections to impart a natural-looking youthful look contribute to the expansion of the dermal fillers market.

According to a study by Transparency Market Research, the global dermal fillers market was pegged at more than US$ 2.5849 bn in 2017, expanding at CAGR of 8.6% from 2018 to 2026. By the period-end, the valuation of the market is anticipated to surpass US$ 5.4112 bn.

"Simplicity of the procedure, high patient satisfaction rates, and improved properties of currently available fillers, all help bolster market prospects of dermal fillers", assert analysts at TMR. They further opine that growing acceptance of new, promising formulations in patient populations will help the dermal fillers market to evolve considerably in coming years.

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Key Findings of the Market Study

Among the various product types, biodegradable dermal fillers accounted for the major share in the dermal fillers market in 2017 and is expected to retain its lead throughout 2026. Higher safety profile and the desire for prolonged effect catalyze their popularity among the patient population
Hyaluronic acid emerged as the most prominent segment among different materials used in dermal fillers market. Sizable number of non-surgical aesthetic procedures over the past years point toward the lucrative nature of the prospect in coming years as well
Of all the end users, hospitals contributed the major revenue to the global dermal fillers market in 2017. Meanwhile, dermatology clinics segment has stood out from the rest with extraordinary potential for growth during the forecast period
Among the various applications, facial line correction led the dermal fillers market in 2017, and the opportunities in the segment are expected to expand at promising growth rate during 2018–2026

Explore 212 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Dermal Fillers Market (Product - Biodegradable, Non-biodegradable; Material - Calcium Hydroxylapatite, Hyaluronic Acid, Collagen, Poly-L-lactic Acid, PMMA, Fat; Application - Facial Line Correction Treatment, Lip Enhancement, Scar Treatment; End user - Hospitals, Dermatology Clinics, Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026 at https://www.transparencymarketresearch.com/report-toc/26816

Dermal Fillers Market: Key Driving Factors

A close assessment of the growth dynamics reveals consumer trends that can substantially influence the prospects of injectable dermal fillers among end users during the assessment period. The analysts at TMR have observed numerous factors that have become key accelerators of growth of the dermal fillers market. A few trends worth noticing are:

Market potential of relatively safer non-cosmetic aesthetic procedures, prominently in soft tissue augmentation, correlates with aging of baby boomers in several countries. Particularly, in the U.S., the population is expected to cross a mark of 98 million by 2060, according to a projection by the Population Reference Bureau.
Several practitioners apart from dermatologists are becoming part of the expanding avenue of the dermal fillers market.

Key Impediments for Dermal Fillers Market Players

Despite the growing numbers of ant-aging procedures that adopt dermal fillers, a few concerns warrant the attention of end users, pharmaceuticals, and patient population.

Lack of adequate awareness among patient populations about the expectation of dermal fillers has hampered the prospect of the dermal fillers market to an extent
Complications of procedures, though rare, are possible. To address these, there is a need for more industry efforts to test new dermal filler materials and clinical studies.

Dermal Fillers Market: Region-wise Analysis

Among the various key geographies, the combined share that was contributed by North America and Europe—more than 77% in 2017 exceeded that of any other region. Particularly, North America is expected to be on a high-growth trajectory throughout the assessment period. A major chunk of the revenues is likely to come from the U.S. The growth in the regional market is to a large extent fueled by substantial uptake of hyaluronic acid dermal filler procedures in recent years. Rapid advances in cosmetic procedures have catalyzed FDA approval of new, promising materials used as injectable dermal fillers. Meanwhile, Asia Pacific is expected to expand at promising CAGR during 2018–2026. Growing acceptance of this relatively safe and non-invasive aesthetic procedure in Japan and China propels the growth.

Analyze dermal fillers market growth in 30+ countries including US, Canada, Germany, United Kingdom, India, China, and Japan. Request a PDF Brochure of the study.

Competition Landscape

Acquisitions by key players form one of the major strategic moves by companies seeking to consolidate their shares or positions in the dermal fillers market. Several biotechnology companies are leaning on expanding their portfolio of dermal filler products. A few of them tapping into lucrative avenues in established markets are leveraging the synergies of partnerships to expand commercialization of novel injectables.

Companies with prominent stakes in the dermal fillers market include Advanced Aesthetic Technologies Inc., Dr. Korman Laboratories Ltd., Bioxis pharmaceuticals, BioPlus Co., Ltd., Nestle Skin Health, Merz Pharma GmbH & Co., and Allergan plc.

The dermal fillers market segmented on the basis of:

Product

Biodegradable
Non-biodegradable

Material

Calcium Hydroxylapatite
Hyaluronic Acid
Collagen
Poly-L-Lactic Acid
PMMA
Fat
Others

Application

Facial Line Correction Treatment
Lip Enhancement
Scar Treatment
Others

End-user

Hospitals
Ambulatory Surgical Centers
Dermatology Clinics
Others

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Hyaluronic Acid Based Dermal Fillers Market - The global hyaluronic acid based dermal fillers market growth is majorly driven by the rising demand for invasive injection of dermal fillers to remove wrinkles from the skin and look young. The growth of the market is also the result of an increasing number of dermatology clinics in various regions across the globe.

Scar Treatment Market - According to Transparency Market Research's latest report on the global scar treatment market for the historical period 2017–2018 and forecast period 2019–2027, rise in prevalence of chronic disorders, aging population, technological advancements, entry of new players, and increase in access to health care are projected to drive the global scar treatment market.

Medical Aesthetic Devices Market - Health concerns and rise in demand for technologically advanced products boost the growth of the global medical aesthetic devices market. The global market is estimated at US$ 7,798.20 Mn in 2017 and is projected to expand at a CAGR of 10.7% from 2018 to 2026.

Dermal Curettes Market - Growing sales of reusable dermal curettes has a significant market share, and it is expected to grow during the forecast period. The use of reusable dermal curettes in outpatient care center will further improve its market position.

Cosmetic Surgery Products Market - Charting a decent CAGR (Compound Annual Growth Rate) between 2013 and 2019, the global cosmetic surgery and services market is set to see an increase in its market worth. Besides, it will witness a whole lot of interesting opportunities arising in the market landscape over the forecast period.

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