Pune, India, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The rising demand for minimally-invasive procedures aiding the growth of the global dermal fillers market. The global market will rise at a CAGR of 7.8% during the forecast period, 2019-2016. The growing awareness about dermal fillers treatment in developed as well as developing countries will help the market reach USD 6,303.2 Million by 2026. Furthermore, the global market was worth USD 3,471.5 Million 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.
Key Industry Developments:
- In April 2019, Merz Pharma announced the launch of its latest dermal filler called the Belotero Revive dermal filler, a combination of hyaluronic acid and glycerol
- In April 2019, ALLERGAN announced the launch of Juvéderm VOLUX, a dermal filler aimed at the refinement of the chin and jawline
- In December 2016, Galderma laboratories announced the FDA approval of Restylane Refyne and Restylane Defyne dermal fillers for the treatment of laugh lines
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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.
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.
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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.
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Product Launches by Market Players to Accelerate the Market Growth
The report profiles some of the key players in the global dermal fillers market. These include BioPlus Co., Ltd., Galderma laboratories, Bioxis pharmaceuticals, Suneva Medical, DR. Korman, Sinclair Pharma, ALLERGAN, Merz Pharma, and CANDELA CORPORATION. Among these, ALLERGAN was leading the global market in 2018 encompassing a large number of specialized and technologically-advanced products.
The company offers a JUVÉDERM collection of dermal fillers, which includes lip enhancement and wrinkles correction. Moreover, the company launched Juvéderm VOLUX to reduce fines lines on jawline and chin. Another company called Merz Pharma recently launched a dermal filler product called Belotero Revive to meet the unique skin requirements of aesthetic patients. Such product launches are expected to help companies broaden their product portfolio, which will stimulate growth in the market.
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Key companies covered in the report:
- ALLERGAN
- Merz Pharma
- Galderma laboratories
- Sinclair Pharma
- BioPlus Co., Ltd.
- Bioxis pharmaceuticals
- SCULPT Luxury Dermal Fillers LTD
- DR. Korman
- Prollenium Medical Technologies
- CANDELA CORPORATION
- Suneva Medical
- Anika Therapeutics, Inc
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Global 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)
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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
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