According to Nova
one advisor ,the global Dermal Fillers market size was
estimated at USD 6.7 billion in 2021 and
is expected to surpass around USD 13.4 billion by 2030 and poised to grow at a compound annual
growth rate (CAGR) of 8.01% during the forecast period 2022 to 2030.
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Key Takeaways:
Dermal Fillers Market Introduction
The global dermal
fillers market growth is driven by the rise in acceptance of anti-aging
treatment by the elderly people. Dermal fillers can be defined as soft tissue
fillers injected into the skin for the restoration of a smoother appearance and
reduction of wrinkles and signs of aging. Regions with low-cost dermal filler
procedures have witnessed a surge in demand for these procedures. Celebrity
endorsement is a powerful and useful tool that magnifies the effect of a
campaign. Hence, several key players use the celebrity endorsement strategy for
marketing their products. This strategy is projected to strengthen the image of
their brands in the digital world and attract new customers.
Increase in
penetration of the Internet in developed and developing countries provides
consumers an opportunity to research various dermal filler procedures available
for the treatment of skin and facial ailments, which boosts online sales.
Various types of dermal fillers are used in dermal filler procedures for
different purposes. For instance, soft tissue fillers are used to smoothen skin
and lessen the prominence of wrinkles, while face fillers are used to improve
the appearance of facial lines. Facial fillers are substances injected into the
skin to smoothen wrinkles and make them less noticeable. The advantage of
product comparison, rise in inclination toward maintaining youthful features,
and increase in the fad of anti-aging, owing to the surge in social media
awareness, contribute to the growth of the market in the U.S.
Tear trough filler
is an injectable treatment used under the eyes. Its purpose is to add volume
beneath the eyelids. The product most often used in this area is typically made
of hyaluronic acid, although other ingredients may be used.
The COVID-19 outbreak
has hampered the dermal fillers market. Lockdown restrictions and closure of
borders across countries led to a disruption in supply chain and logistics
operations. However, easing of lockdown restrictions is likely to drive the
dermal fillers market.
Rise in Preference for Minimally Invasive Procedures to
Propel Dermal Fillers Market
Demand for
non-surgical dermatological procedures has increased significantly due to
several advantages offered by these methods. These include faster results,
cost-effectiveness, and fewer associated risks than conventional methods.
Furthermore, increase in focus of people on facial correction and rise in desire
to look young are driving the demand for non-invasive dermatological
procedures. In minimally invasive procedures, injectable dermal fillers are
used to plump thin lips, enhance shallow contours, soften facial creases,
remove wrinkles, and improve the appearance of scars. An estimated 1.4 million
surgical and non-surgical treatments were performed in 2021, with plastic
surgeons conducting 600 more operations on an average than they did in 2020.
According to the
American Society of Plastic Surgeons, 2.7 million facial filler procedures were
performed in 2017. Thus, rise in preference for minimally invasive procedures
is expected to propel the global market during the forecast period.
Non-toxicity Augmenting Demand for Biodegradable Products
Based on product,
the biodegradable segment dominated the market in 2021. This trend is expected
to continue during the forecast period. The segment is likely to grow at a high
CAGR during the forecast period owing to the rise in usage and demand for
hyaluronic acid dermal fillers, which account for major share of the market.
Additionally, lesser number of side-effects of biodegradable dermal fillers,
compared to non-biodegradable fillers, is propelling the segment. Benefits of
biodegradable products, such as non-toxicity and prolonged material shelf life,
are also contributing to the growth of the segment. Thus, increase in
procedural volume and product benefits are likely to propel the biodegradable
dermal fillers segment during the forecast period.
Long Shelf Life Propelling Demand for Hyaluronic Acid
Products
Based on material,
the hyaluronic acid segment dominated the global market in 2021. The segment is
likely to grow at a high CAGR during the forecast period due to the increase in
the number of hyaluronic acid dermal fillers procedures performed annually.
According to the International Society of Aesthetic Plastic Surgery (ISAPS),
among the international surgeries performed in 2017, more than 3,298,266
hyaluronic acid dermal filler procedures were performed annually. Additionally,
various forms of hyaluronic acid dermal fillers are available, which differ
according to the concentration of hyaluronic acid and the degree of
cross-linking. Technological advances leading to the development of newer HA
dermal fillers are propelling the segment.
Increase in Number of People Undergoing Facial Line
Correction Treatment Procedures to Boost Demand for Dermal Fillers
Based on
application, the facial line correction segment dominated the global market in
2021. The segment is anticipated to grow at a high CAGR during the forecast
period. Growth of the segment can be ascribed to the rise in inclination toward
youthful physical appearance and focus on addressing facial volume loss and
dynamic lines. One of the prominent dermal fillers market drivers is the
introduction of Radiesse filler, which is an injectable filler used to plump
wrinkled or folded areas of the skin, most often on the face.
High Demand for Dermal Fillers Bolstering Hospitals
Segment
In terms of
end-user, the hospitals segment dominated the global market in 2022. This trend
is anticipated to continue during the forecast period. Increase in patient
preference for dermal filler procedures in hospitals is likely to propel the
hospitals segment during the forecast period. However, the dermatology clinics
segment is likely to grow at a higher CAGR during the forecast period, owing to
the increase in number of dermatology clinics, rise in number of dermatological
consultations, and surge in patient demand to be treated by specialist
dermatologists.
Regional Outlook of Global Dermal Fillers Market
The North American
region has dominated the market in the past and generated an amount of U.S.
dollar 2.29 billion. This market is expected to have a dominant position during
the forecast period. As the population in the North American region is stable
economically and they are well aware of the availability of all these
procedures the demand for these products is expected to grow in this region. In
the recent years the number of procedures performed in the North American
region have increased to a great extent. Dual income households and increased
purchasing power has created a demand for these procedures in the developing
nations.
Apart from the North
American region the European region we'll also have a good market share in the
coming years. There is a growing preference for these procedures among the
population of the European countries. There has been an increase in the
expenditure made for the research and development activities in the European
region. Increase in the geriatric population across the Asia Pacific region has
created a demand for these procedures. Increased investments by the governments
across the nations in the Asia Pacific region for enhancing the infrastructure
for their health care facilities will drive the market growth in the coming
years. There has been an increase in the awareness regarding the availability
of these procedures in the developing nations of the Asia Pacific region. Many
new products are launched by the key market players in the Asia Pacific region.
Key Developments in Global Dermal Fillers Market
Each of these
players has been profiled in the dermal fillers market report based on
parameters such as company overview, financial overview, business strategies,
product portfolio, business segments, and recent developments.
Some of
the prominent players in the Dermal Fillers Market include:
Segments
Covered in the Report
This report
forecasts revenue growth at global, regional, and country levels and provides
an analysis of the latest industry trends in each of the sub-segments from 2017
to 2030. For this study, Nova one advisor, Inc. has segmented the global Dermal
Fillers market
By Material
By Product
By Drug Type
By Application
By End User
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