The global dermal fillers market was valued at US$ 5.1 Bn in 2021 and is projected to advance at a CAGR of 10.3% from 2022 to 2031. The global dermal fillers market is anticipated to reach more than US$ 13 Bn by the end of 2031.
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.
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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.
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.
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.
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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.
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.
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 2021. 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.
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Regional Outlook of Global Dermal Fillers Market
North America and Europe, cumulatively, accounted for more than 40.3% share of the global market in 2021. North America was the dominant market in 2021. This trend is anticipated to continue during the forecast period. Growth of the market in the region can be ascribed to the increase in number of hyaluronic acid dermal filler procedures performed in the U.S.
According to ASPS, more than 2,091,476 hyaluronic acid procedures were performed in 2017, an increase of 4% over that in 2016. The market in Asia Pacific is likely to expand at a high CAGR during the forecast period due to the strong growth in Japan and India. Companies in Asia Pacific are increasing the availability of dermal fillers owing to the rise in demand for anti-aging and scar treatment applications.
Analysis of Key Players in Global Dermal Fillers Market
The report concludes with the company profiles section, which includes information about key players in the global dermal fillers market. Dermal filler companies analyzed in the report are –
- AbbVie, Inc.
- Merz Pharma
- BioPlus Co., Ltd.
- Bioxis pharmaceuticals,
- SCULPT Luxury Dermal Fillers Ltd.
- Dr. Korman
- Prollenium Medical Technologies,
- Advanced Aesthetic Technologies, Inc.
- TEOXANE Laboratories.
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