Global Dermal Fillers Market Size & CAGR (2021 to 2026)
As per our report, the global dermal fillers market size was valued at USD 7.32 billion for 2021 and is poised to reach USD 10.11 billion by the end of 2026, growing at 6.67 % CAGR during the forecast period.
Impact of COVID-19 on the global dermal fillers market:
The COVID-19 pandemic has had a wide-ranging impact on daily life. During this time, the working capacity of aesthetic and cosmetic surgery practices has been significantly reduced or closed. In addition, many cosmetic facilities and clinics were closed due to nationwide lockdown.
As COVID-19 vaccinations become available across the country, some people who use dermal fillers may have an adverse reaction to the Moderna COVID-19 vaccine. There have been no cases reported in patients who received the Pfizer COVID-19 vaccine.
The COVID-19 pandemic has significantly impacted many aspects of life, including a drop in interest in medical aesthetics, as the increasing number of coronaviruses reduces the number of cosmetic surgeries. Furthermore, in some countries, the lack of social communication during quarantines influenced people’s desire to seek cosmetic treatments.
However, with the relative decline in the pandemic’s earlier wave, interest rates began to rise again by late November, possibly influenced positively by the downstream effects of home quarantine and news of successful vaccine development. In addition, more research into the link between online searches and increases in aesthetic dermatology needs is expected to boost e-commerce and online business.
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KEY DRIVING FACTORS:
Increase regulatory approval for dermal fillers is expected to drive global dermal fillers market growth.
FDA only approves dermal fillers. The FDA has approved dermal fillers for use in adults 22 years of age or older for the following purposes: Absorbable fillers are approved for moderate to severe facial wrinkles and skin conditions. Non-absorbable fillers are only approved for the treatment of nasolabial folds and acne scars. All dermal filler packets should be thoroughly inspected for authenticity, according to the FDA. Over 23 million aesthetic procedures were performed worldwide in 2018.
Growing awareness of facial aesthetics procedures and the use of aesthetic (cosmetic) devices are becoming more common in developed countries is another significant factor in boosting the market’s growth rate.
The demand for facial aesthetics services has rapidly increased. According to the most recent statistics from the American Society of Aesthetic Plastic Surgery, cosmetic dermal filler treatments–or soft tissue fillers–have increased by 8% in the last year. According to Allergan, unit sales of dermal filler treatments increased by 17% in the US. Aesthetic plastic surgeons will take part in the world’s largest survey of aesthetic plastic surgeons. There has never been a more critical time to get involved so that we can publish comprehensively on the impact of the COVID-19 pandemic on plastic surgery procedures worldwide.
The market for dermal fillers is further driven by the increasing use of hyaluronic acid (HA) in people.
Hyaluronic acid is for its skin benefits, specifically its ability to relieve dry skin, reduce the appearance of fine lines and wrinkles, and accelerate wound healing. This is because of the skin’s moisture retention. Surprisingly, the skin contains half of the body’s total HA.
Globally, the increasing elderly population is anticipated to promote the growth rate of the global dermal fillers market.
Globally, roughly 26% of the world’s population is under the age of 15, with only 9% over 65. The global population of people aged 60 and up is expected to increase to 2 billion by 2050, up from 900 million in 2015.
RESTRAINING FACTORS:
The FDA has not approved these dermal filler applications. Dermal fillers pose the same risks as any other medical procedure. However, stringent regulatory procedures, the high cost of aesthetic surgeries, and the prevalence of unregistered practitioners have hampered the dermal fillers market in the future. In addition, complications following procedures are becoming more common.
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KEY MARKET INSIGHTS:
- Based on the product, the biodegradable dermal filler market had accounted for approximately 82 % in 2020.
- Based on the application, the wrinkle and deep facial lines segments are projected to account for most of the market share during the forecast period.
- In 2020, the North American market held the largest share of the global dermal fillers market, and the dominance is expected to be continued by the North American region from 2021 to 2026. However, during the forecast period, the European market is expected to account for a prominent share in the global market and APAC to project a healthy CAGR.
- Allergan, Galderma Laboratories, Cynosure, Merz Aesthetics, SciVision Biotech Inc., Shanghai Bio ha Technology Co. Ltd., Suneva Medical, Cytophil, Inc, Syneron Medical are the leading players in the global dermal filler market. Dermal fillers are increasingly being used in dermatology–aesthetic practice is expected to rise in the future.
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RECENT MARKET DEVELOPMENTS:
- In Oct 2020, Luminera Dermal Fillers were acquired by Allergan Aesthetic. As a result, it has acquired a new line of dermal fillers containing HA and CaHA.
- In May 2020, Galderma announced the US Food and Drug Administration had approved Restylane® Kysse for lip augmentation and the correction of upper perioral rhytids in adults over the age of 21.
- In Apr 2019, Merz launched the new Belotero® Revive Dermal Filler, which contains a mixture of HA and glycerol.
SEGMENTS COVERED IN THIS REPORT:
By Product:
- Absorbable or Biodegradable
- Non-Absorbable or Non-Biodegradable
By Therapeutic Area:
- Wrinkles
- Deep Facial Lines
- Sagging Skin
- Scars
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
KEY MARKET LEADERS PROFILED IN THIS REPORT:
- Allergan Inc.
- AQTIS Medical
- Bioha Laboratories
- Suneva Medical
- Galderma
- Merz Aesthetics
- Cynosure
- Syneron
- Cytophil Inc.
BROWSE RELATED REPORTS:
- North America Dermal Fillers Market
- Europe Dermal Fillers Market
- APAC Dermal Fillers Market
- Latin America Dermal Fillers Market
- MEA Dermal Fillers Market
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