An increase in the number of dermatological diseases and ease of availability of dermal treatments is expected to drive the global dermal fillers market in the near future.
According to TechSci Research report, “Global Dermal Fillers Market By Type (Biodegradable, Non-biodegradable), By Material Type (Hyaluronic Acid, Calcium Hydroxylapatite, Poly-L-lactic Acid, Polymethyl-methacrylate Microspheres [PMMA], Others), By Application (Wrinkle Correction Treatment, Facial Line Correction, Face Lift, Lip Enhancement, Scar Treatment), By Gender (Female v/s Male), By End User (Dermatology Clinics, Hospitals, Beauty Clinics, Others), By Region, Forecast & Opportunities, 2016-2026F”, the global dermal fillers market was valued USD5141.38 million in value terms in 2020 and is forecast to grow at a CAGR of 7.58% and reach USD7707.73 million by 2026 owing to the growth in factors including an increasing number of women in the workforce with high disposable income. Also, advancements in skincare technology are making facial aesthetic treatments more accessible and affordable for consumers that are keen on improving their skin hydration and texture.
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Rapid advancement in the cosmetology and dermatology field is another key factor boosting the growth of the global dermal fillers market. This has also led to a drastic rise in preference for medical aesthetics which provides a great opportunity for manufacturers to expand their market.
Additionally, the growing inclination of people towards non-invasive cosmetic procedures is a major factor leading to the growth of the global dermal fillers market. Dermal fillers are being preferred over surgical alternatives as they fortify facial features without the risk of bleeding, pain, or invasion of tissues.
However, there are certain major issues that might hinder the growth of the global dermal filler market. Side-effects associated with dermal fillers might act as a major restraint for the growth of the global dermal fillers market. The high cost of dermal filling procedures and the shortage of skilled taskforce are also among the major hindrances to the growth of the global dermal filler market.
The global dermal fillers market is segmented based on type, material type, application, gender, end user and region. Based on material type, the market is segmented into Hyaluronic Acid, Calcium Hydroxylapatite, Poly-L-lactic Acid, Polymethyl-Methacrylate Microspheres [PMMA] and others. Among them, the Hyaluronic Acid holds the largest market share and is also expected to lead the market with the highest CAGR during the forecast period. Hyaluronic Acid is minimally invasive, shows instant results and is a naturally occurring biodegradable material. Widespread availability and continuous improvements in Hyaluronic Acid fillers by industry players are some other factors contributing to the robust growth of Hyaluronic Acid dermal fillers globally.
Based on application, the global dermal fillers market is segmented into wrinkle correction treatment, facial line correction, face lift, lip enhancement, and scar treatment. Face lift is dominating the market and expected to lead the market in the forecast period as well due to the increasing geriatric population and elevated awareness regarding self-grooming. Additionally, fillers impart a natural look to the face at an affordable cost as compared to surgical procedures. Apart from face lifting, dermal fillers are being extensively used for facial line correction as soft tissue fillers provide target treatment to correct specific deformities or scars.
Major players operating in the global dermal filler market include AbbVie Inc., Merz Pharma GmbH & Co. KGaA, Galderma Pharma S.A., Syneron Medical Ltd., Suneva Medical Inc., Adoderm GmbH, Shanghai Haohai Biological Technology Co., Ltd., Teoxane SA., Prollenium Medical Technologies Inc., Anika Therapeutics Inc, Huons Co Ltd, Bloomage Biotechnology Corp Ltd., Sculpt Luxury Dermal Fillers Ltd., Estex Manufacturing Co Inc. and RevitaJal. The market players are adopting various strategies to gain significant market share by fortifying their product offerings.
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“The key to success for dermal filler manufacturers is constant innovation and upgradation of their product portfolios. The cost-effective dermal filler therapy, especially in developing economies such as India and China, provides exponential growth opportunities for industry players. In recent years, the skincare industry has undergone major technological developments, which is a major boost for the global dermal fillers market. In the coming years, the demand for dermal fillers is expected to increase further with an increasing number of beauty clinics and hospitals around the world,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Dermal Fillers Market By Type (Biodegradable, Non-biodegradable), By Material Type (Hyaluronic Acid, Calcium Hydroxylapatite, Poly-L-lactic Acid, Polymethyl-methacrylate Microspheres [PMMA], Others), By Application (Wrinkle Correction Treatment, Facial Line Correction, Face Lift, Lip Enhancement, Scar Treatment), By Gender (Female v/s Male), By End User (Dermatology Clinics, Hospitals, Beauty Clinics, Others), By Region, Forecast & Opportunities, 2016-2026F” has evaluated the future growth potential of the global dermal fillers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global dermal fillers market.
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