Global Dermal Fillers Market was valued US$ 3.60 Bn in 2019 and is expected to reach US$ 6.50 Bn by 2027, at a CAGR of 7.67 % during a forecast period.
The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.
Dermal fillers are minimally invasive procedures. It is used as anti-aging solutions to condense facial lines and restore firmness. The continuous technology development in fillers like variations in materials used and length of outcome has revolutionized the adoption trend of dermal fillers across the globe.
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Global Dermal Fillers Market, Dynamics:
A usage of medical aesthetics is a becoming one of the emerging trends as it has become a part of regular treatments among individuals. The Aesthetics clinical treatments are gaining popularity because of their rapid results. Rapid developments in the field of cosmetology and dermatology have offered benefits to the urban population. In addition, rise in awareness about the dermal fillers, an introduction of the innovative products, and growth in the investment by the key players in the research & developments are some of the prominent driving factors behind the global dermal fillers market growth.
On the other hand, the factors like side-effects concerning with dermal fillers and effects of unregistered practitioners are expected to hamper the global dermal fillers market growth. However, an increase in number of clinical trial studies and demand for minimally invasive procedures are expected to offer key opportunities for the dermal fillers market.
Global Dermal Fillers Market, Segment Analysis:
The Hyaluronic acid (HA) segment is expected to grow at a 7.50 % rate of CAGR during the forecast period. An increase in demand for youthful and flawless skin through noninvasive and outpatient aesthetic dermatology techniques, inclination interest of the consumers towards a medical tourism for aesthetic procedures are expected to increase the demand for the Hyaluronic acid (HA). According to a report by the American Society for Aesthetic Plastic Surgery, in 2019, more than 810,280 hyaluronic acid nonsurgical procedures were performed. Hyaluronic acid dermal fillers are becoming more popular among dermatologists and patients. It is used for the treatment of wrinkles, acne, and scars and augmentation of the lip, cheek, and chin also, it can hydrate, volumize, stimulate new collagen, and soften fine lines on the face. In addition, hyaluronic acid products are preferring for minimally invasive antiaging solutions because of its distinctive viscoelastic, moisturizing properties and lower toxicity levels.
Global Dermal Fillers Market, Regional Analysis:
Europe is expected to dominate global dermal fillers market growth followed by North America. The presence of leading industry players in the developed countries like U.S and Canada are expected to drive the North America dermal fillers market growth. Moreover, an increase in demand for cosmetic products, growth in geriatric population, an introduction of the new minimally invasive facial procedure, and clinical trials to innovate skincare products are some of the prominent driving factors behind the market growth. Furthermore, Europe is expected to contribute XX% share in the global dermal fillers market. The acceptance of innovative aesthetic products, support by government bodies for the usage of minimally invasive dermal procedures, and presence of number of product approvals & availability of dermal fillers are expected to boost the market growth across the region.
Global Dermal Fillers Market, Competitive Analysis:
Some of the prominent Key players in the market are engaging in expanding their product portfolio and geographical presence. An innovative product development and research and development are some for the key strategies of the global dermal fillers market key players. For instance, in 2019, Allergan has introduced a product as Juvéderm VOLUX in Monaco. It is HA-based, the innovative product, which is used as facial filler for chin and jaw lines. Also, other market key players like Merz Aesthetics has also launched the product offerings of the Boletero.
The objective of the report is to present a comprehensive analysis of the Global Dermal Fillers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Dermal Fillers Market dynamics, structure by analyzing the market segments and projects the Global Dermal Fillers Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Dermal Fillers Market make the report investor’s guide.
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Global Dermal Fillers Market, By Type
Global Dermal Fillers Market, By Material Type
• Hyaluronic acid (HA)
• Calcium hydroxylapatite
• Poly-L-lactic acid
• Polymethyl-methacrylate microspheres (PMMA)
Global Dermal Fillers Market, By Application
• Facial line correction
• Face lift
• Lip enhancement
Global Dermal Fillers Market, By End User
• Dermatology clinics
Global Dermal Fillers Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Dermal Fillers Market
• Shanghai Bioha Technology Co., Ltd.
• Prollenium Medical Technologies, Inc.
• Teoxane S.A.
• Croma Pharma GmbH
• Huons, Co
• Allergan plc
• Anika Therapeutics, Inc.
• Merz Aesthetics
• Sculpt Luxury Dermal Fillers Ltd
• Galderma S.A.
• Syneron Medical
• Bio Plus Co., Ltd.
• Suneva Medical
• Cytophil, Inc.
• BIOHA Laboratories
• LG Life Sciences, Ltd.
• Genzyme Corporation
• Hangzhou Gallop Biological Products Co., Ltd
• Bohus Biotech Ab
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