Global Dermal Fillers Market is expected to grow at a CAGR of 13.2% while garnering a market value of USD 6.89 billion by 2025, which predicts Market Research Future (MRFR).
According to MRFR's analysis of the dermal filler market, rising demand for cosmetic surgeries is expected to be a significant factor driving the market during the forecast period. The increasing number of facial surgeries performed by women and men is expected to play a significant role in the market's development over the assessment period. Additionally, ongoing technical development in dermal fillers by key players is expected to benefit the industry in the near future.
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During the analysis period, the market was presented with a sizable opportunity due to the growing demand for minimally invasive techniques. Industrialists are introducing a variety of novel products to meet the growing demand, which is expected to boost growth in the coming years.
The high cost of these fillers is expected to be a major impediment to market growth over the forecast period. Additionally, the presence of unregistered practitioners is expected to have a significant adverse effect on the dermal facial fillers market in the near future.
Hyaluronic acid is expected to grow at the fastest CAGR in the type segment of the global market for dermal fillers during the forecast period. Additionally, the segment had the highest market value of USD 1.15 billion in 2018.
The lip treatment and facial line correction treatment segments of the global market for dermal fillers are expected to generate significant market value during the forecast period.
According to MRFR's dermal fillers market report, the Americas is expected to gain the largest market share during the analysis period. The regional market's expansion can be attributed to rising consumer demand for cosmetic products and the growing demand for minimally invasive facial procedures.
During the forecast period, Europe is expected to hold the second-largest market share. The growing demand for minimally invasive techniques to enhance the appearance of the face is expected to be a significant factor driving the market in the region over the next few years.
APAC is expected to experience the fastest growth rate during the forecast period, owing to an aging population and rising per capita income. Growing demand for facial aesthetics products and non-invasive cosmetic procedures are expected to be additional significant factors driving the market in the region during the assessment period.
MEA is likely to expand at the slowest rate due to a lack of awareness and access to scarce resources. However, the region's untapped market opportunities and the increasing launch of new products in a few Middle Eastern countries are expected to boost the regional market.
Allergan (Ireland), Galderma Laboratories, LP (Switzerland), Merz Pharma (Germany), Sinclair Pharma (UK), Dr. Korman Laboratories (Israel), Teoxane Laboratories (Switzerland), SciVision Biotech Inc. (Taiwan), Suneva Medical (US), and Medytox (South Korea), are some of the major players operating in the dermal fillers market.
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