Dermal Fillers Market MRFR’s report offers a full-fledged analysis of the global market for Dermal Fillers. It also discuss the market opportunities as well as identifies the existing challenges. The primary objective of the report is to provide a five-year (2018-2023) revenue assessment of the global Dermal Fillers Market.
Industry/Innovations/Related News:
October 03, 2018 – Allergan, Inc. (Ireland), a leading global leader in developing, manufacturing and commercializing branded pharmaceuticals, devices, biologics, surgical and regenerative medicine products launched a new advertising campaign for its product – JUVÉDERM which is a dermal filler collection.
Market Drivers
With the rapidly changing dynamics of beauty, people are increasingly becoming conscious of their looks. Simultaneously, factors such as the influence of fashion, media & entertainment industry along with the peer pressure for appearance and beauty encourage the adoption of dermal fillers. The increasing uptake of these procedures creates a full-fledged market for dermal fillers, allowing the market to flourish on the global platform.
Acknowledging the kind of growth this market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global dermal fillers market will reach USD 10,008.4 Mn. by 2023 at a CAGR over 12% during the review period (2017 -2023).
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Its injectable, easy, painless, and non-invasive procedure by nature have helped dermal fillers to garner huge popularity across the world. Over the period, dermal fillers have become far beyond than supplementing facial volume and filling in the creases like wrinkles and folds. Performed by the experts/ cosmetic surgeons only dermal fillers treatments have seen a significant rise in the number of cases performed worldwide. As a result, once considered as a part of the cosmetic surgery, dermal fillers treatments have emerged as a mainstream market now.
Augmenting demand for dermal fillers treatments along with the technological advancements happening in the facial rejuvenation industry fosters the market growth majorly. The growth of the medical tourism market and formation of tourism clusters such as Miami, Bangkok, etc. has not only provided exposure to dermal fillers but have also created a high point demand for these treatments.
Key Players for Global Dermal Fillers Market
Some of the eminent leaders of the market include Dr. Korman Laboratories (Israel), GALDERMA (Switzerland), ALLERGAN (Republic of Ireland), Merz Pharma (Germany), Teoxane laboratories (Switzerland), Sinclair Pharma (UK), and Integra Lifesciences (US).
The highly competitive market of dermal fillers appears to be diversified with the presence of a large number of players having a global presence. These players are adopting strategic initiatives such as expansion, and product Launch to gain the competitive edge and are tapping the growing markets for expansions.
Leverage to the rising cases of side effects or resistance, players are focusing on innovative products and procedures that would have minimal adverse effects. Also, growth opportunities in the market are encouraging these players to target emerging applications.
Segments for Global Dermal Fillers Market
MRFR has segmented its analysis into three key dynamics for the convenience of understanding.
By Types: Hyaluronic Acid, Botulinum Toxin, Polymers & Particles, and Collagen among others.
By Applications: Face-Lift, Lip Treatments, and Facial Line Correction Treatment among others.
By Regions: Europe, North America, APAC and Rest-of-the-World.
Regional Analysis for Global Dermal Fillers Market
Geographically, North American regions account for the leading market for dermal fillers followed by the European and Asia Pacific region, respectively. The dermal fillers market in this region is heading with the support of the US market which is growing significantly backed by the high spending and growing uptake of dermal fillers.
In 2016, the US dermal fillers market had valued at USD 1,074.0 MN. witnessing, substantial investments in R&D activities and technologically advanced products. The dermal fillers market in North America is expected to reach over 3,700 Mn. USD by 2023.
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The European region, accounting for the second-largest market for dermal fillers witnesses a substantial growth due to high per capita income and strong healthcare penetration in the region. The strong market growth in countries such as Germany & France drives the growth of the regional market to an extent. Backed by the wide uptake of new products and advanced therapies, the European dermal fillers market is estimated to evaluate at 10,000 MN USD by 2023.
The dermal fillers market in the Asia Pacific region has emerged as one of the promising markets, globally. Factors such as spreading awareness towards these aesthetic treatments, and improving per capita income are substantiating the market growth. India and China backed by the ever-increasing population, economic growth, and the burgeoning medical treatment market account for the major contributing economies across the region.
Furthermore, South East Asian countries such as Vietnam, Malaysia, and Thailand are significantly contributing to the growth of the regional market with their burgeoning medical tourism markets
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
TOC Continued…
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