Scope of Dermal Fillers Market
Market Research Future overviewed global Dermal Fillers Market 2020 when COVID-19 and its impact halted major market economy and businesses. Due to the long months of lockdown, the market managed to stable through its current worth. Thus the analysts studied that dermal fillers market is set to expand its capital with USD 6,899.16 Million by the year 2025 while maintaining its rate of growth at 13.2%. After conducting meticulous research on the historical and current growth parameters of the dermal fillers market, growth prospects are obtained with maximum precision.
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Dermal Fillers Market – Drivers & Trends
MRFR predicts that market stakeholders are capitalizing the shares on the booming male beauty industry. The facial rejuvenation procedures for women of a certain age are on the wane, and positively booming male beauty industry. This is opening a novel target audience for companies active in the dermal fillers market. An influx of male consumers or patients in the field of aesthetic restoration, to enhance facial features is offering tailwinds to the growth of the dermal fillers market.
In the present scenario, demand for Hyaluronic acid as well as Non-Hyaluronic acid dermal fillers in the facial aesthetics market is ahead with a considerable boost from millennial demographic. This factor is becoming far more open to filler treatments, and a growing number of the ageing population looking for ways to retain youthful skin is what makes the market more and more worthy. These factors are considered as essential factors leading the global dermal fillers market.
Simultaneously, the usage of dermal fillers in aesthetic restoration is accounting a soaring revenue share as compared to application in reconstructive surgery and dentistry. As seven in the ten units of dermal fillers are used in aesthetic restoration, and market players are exclusively focused in this category. Besides, much advancement in reconstructive surgery is expected to new avenues for market growth in anticipated future.
International Society of Aesthetic Plastic Surgery (ISAPS) claims in 2018, the non-surgical cosmetic procedures involving hyaluronic acid was 3,729,833 worldwide. The cost-effective dermal filler therapy offered by some countries such as China and India are driving the dermal fillers market growth considerably.
Dermal Fillers Market Segment Review
Global Dermal Fillers Market is studied for the segments of type, brand, and application.
By the segment of type, the market includes polymers & particles, hyaluronic acid, calcium hydroxylapatite, and collagen. The hyaluronic acid held the maximum market value of USD 1,154.96 million in 2018 and might expand at the highest CAGR in the forecasted year.
By the segment of the brand, the market has included radiesse, Juvederm, and restylane.
By application segment, the market included face-lift, facial line correction treatment, and lip treatments.
Dermal Fillers Market Regional Framework
The Americas are to hold the leading share of the global dermal fillers market. The growth of the American market is accredited to the escalating demand for cosmetic products, launching of the new minimally invasive facial procedure, growing geriatric population, and rising clinical trials to innovate skincare products. The annual plastic surgery procedural statistics state that 17.5 million surgical and minimally invasive cosmetic procedures were conducted in the US back in 2017, with a 2 per cent surge in the number of operations over 2018. The rise in demand for minimally invasive cosmetic procedure motivates the market growth in America.
Europe also might account for the second-largest market share during the forecast period owing to the escalating acceptance of new aesthetic products, the increasing number of product approvals & availability of products and upward support by government bodies for the use of minimally invasive dermal procedures. In the case of point, in October 2015, Galderma announced the availability of Emervel as the newest range of hyaluronic acid dermal fillers in Canada. The launch and availability of new products across this region boost the market.
Asia-Pacific also might exhibit the fastest market growth from 2019 to 2025 owing to rapidly booming geriatric population, escalating demand of facial aesthetics products, rising per capita disposable income, and increasing attentiveness about non-invasive cosmetic procedures obtainable in the market. As per details available by the United Nations Population Fund (UNFPA), an increase in the geriatric population in the future will be high and estimated that 1.3 billion people would be above 60 years by 2050. Hence, the escalating ageing population boosts the market growth.
Dermal Fillers Market Top Market Players
The top market players in the global dermal fillers market are LP (Switzerland), Merz Pharma (Germany), Sinclair Pharma (UK), Suneva Medical (US), SciVision Biotech Inc. (Taiwan), and among others.
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