“The growing awareness about dermal fillers treatment in developed as well as developing countries will help the market reach US$ 6,303.2 Mn by 2026. Furthermore, the global market was worth US$ 3,471.5 Mn in 2018. According to the American Society of Plastic Surgeons (ASPS), over 15.9 million people in the U.S. underwent minimally-invasive cosmetic surgical procedures in the year 2015. “
The rising demand for minimally-invasive procedures aiding the growth of the global dermal fillers market. Fortune Business Insights in a new report, titled “DERMAL FILLERS: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” suggests that the global market will rise at a CAGR of 7.8% during the forecast period, 2019-2016.
The increasing efficiency of dermal fillers is encouraging the next-generation people to invest in these surgeries.
North America Leads Gains Owing to Growing Demand for Advanced Dermal Fillers
In 2018, the market in North America was worth US$ 1,596.8 Mn. Driven by the growing demand for innovative and advanced dermal fillers, the region is expected to lead global market through the forecast years. As per a study conducted by ASPS, more than 2 million people in the U.S. underwent hyaluronic acid procedures. Increasing awareness about soft tissue fillers treatment in the U.S. is expected to drive the market in North America. Extensive availability of products in this region is positively impacting the growth of the market.
Demand for Dermal Fillers to Rise Among Millennials Propelling Growth in the Market
Growing aging population across the world positively impacts the growth of the market. Increasing number of aged people are undergoing dermal filler therapy to uplift drooping skin and restore lost volume. Continuous support from governments to R&D initiatives and recent regulatory approvals will spur growth in the market.
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Leading Players operating in the Dermal Fillers Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- BioPlus Co., Ltd.
- Galderma laboratories
- Bioxis pharmaceuticals
- Suneva Medical
- Korman
- Sinclair Pharma
- ALLERGAN
- Merz Pharma
- CANDELA CORPORATION
North America Leads Gains Owing to Growing Demand for Advanced Dermal Fillers
In 2018, the market in North America was worth US$ 1,596.8 Mn. Driven by the growing demand for innovative and advanced dermal fillers, the region is expected to lead global market through the forecast years. As per a study conducted by ASPS, more than 2 million people in the U.S. underwent hyaluronic acid procedures. Increasing awareness about soft tissue fillers treatment in the U.S. is expected to drive the market in North America. Extensive availability of products in this region is positively impacting the growth of the market.
Apart from North America, the market in Asia Pacific is also growing substantially in the forecast years. The rising demand for aesthetics in China and India is creating growth opportunities for the market in Asia Pacific. In addition to this, the awareness about effectiveness of dermal fillers for acne scars, lips, and cheeks is increasing gradually, which is driving the market in this region. Key market leaders in India and China are adopting strategies such as new product launches, augmenting demand for dermal fillers.
Market Segmentation:
By Product
- Biodegradable
- Non-Biodegradable
By Ingredient
- Hyaluronic Acid
- Calcium Hydroxylapatite
- Poly-L-lactic Acid
- PMMA (Poly(methyl methacrylate))
- Fat Fillers
- Others
By Application
- Scar Treatment
- Wrinkle Correction Treatment
- Lip Enhancement
- Restoration of Volume/ Fullness
- Others
By End User
- Specialty & Dermatology Clinics
- Hospitals & Clinics
- Others
By Geography
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, South East Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and the Rest of Latin America)
- Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)
Reasons to Purchase this Report:
- Comprehensive analysis of the Dermal Fillers Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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KEY QUESTIONS ANSWERED:
- What are the key technological and Dermal Fillers Market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Dermal Fillers Market growth?
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