Aesthetic Fillers Market Size to Worth Around USD 8.74 Bn by 2030

As per Precedence Research, the global aesthetic fillers market size is projected to worth around USD 8.74 billion by 2030 and expanding growth at a CAGR of 7.4% from 2022 to 2030.


Ottawa, June 07, 2022 (GLOBE NEWSWIRE) -- The global aesthetic fillers market size was valued USD 5.05 billion in 2021. One of the most noticeable developments in the worldwide industry is that practically all demographic groups have expressed an interest in these non-invasive or minimally invasive procedures. This is especially true for men, who are increasingly turning to cosmetic operations to improve their appearance. For example, an increasing number of men are discovering that ageing and gravity may have a detrimental influence on the appearance of their facial features. As a result, males are turning to facial fillers treatments for their efficiency in reversing the early gravitational ageing that happens in the face. It also has the added benefit of not requiring any downtime for recuperation.

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According to the ISAPS Worldwide Survey Results, 2020, the male demographic group requesting hyaluronic acid treatments accounted for around 12.2 percent of all global non-surgical procedures. With dermatologists paying more attention to this demographic group, this share may rise throughout the projection period. As a result, these new trends are predicted to provide a new patient population base for enterprises operating in the global market and to considerably put in to market growth throughout the projected period.

Report Highlights

  • Based on the material, Due to its prominence as a gold standard for fillers, the hyaluronic acid (HA) sector emerged as the leading segment in 2021. In addition, new product introductions in this area are propelling the segment forward.
  • Based on the application, Due to increased demand for these operations, the wrinkle repair segment was the leading section. Furthermore, new product launches aimed towards this market sector are expected to boost growth.
  • The North America market held revenue of USD 2.29 billion in 2021. The region is expected to account for the dominant share of the global market during the forecast period.

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Regional Snapshot        

North America dominated the entire aesthetic filler market, with the United States accounting for the majority of market contributions. Consumers all throughout the world are getting more concerned about their physical appearance. Hyaluronic acid, collagen, polymers, and particles are nonsurgical cosmetic filler methods intended to enhance the look of the skin or a feature. The United States had the most nonsurgical aesthetic operations in 2018, according to the International Society of Aesthetic Plastic Surgery 2018 report, with 2,869,485 procedures. These figures are expected to rise when additional goods are launched. This will benefit the region's market.

Europe held the second largest market share in 2021, owing to an increase in individual preference for dermal filler treatments in major European nations and increased R&D spending in Europe. According to the ISAPS Global Survey Results 2020, around 284,407 hyaluronic acid operations were conducted in Germany, making it one of the primary European nations with the biggest number of aesthetic procedures.During the projection period, Latin America and the Middle East and Africa held a comparatively smaller proportion of the dermal fillers market. However, the development of healthcare infrastructure in these nations, as well as the increasing intake of companies with unique products in these areas, may be critical in driving market expansion in these countries in the future throughout the projection period. According to the International Society of Aesthetic Plastic Surgery (ISAPS), the total number of hyaluronic acid treatments performed in Turkey in 2020 would be 162,240.

Scope of the Report

Report AttributesDetails
Market Size in 2021USD 5.05 Billion
Revenue Forecast by 2030USD 8.74 Billion
CAGR7.4% from 2022 to 2030
Base Year2021
Forecast Period2022 to 2030
Key PlayersAllergan, Galderma Pharma SA, Teoxane, Sinclair Pharma PLC, Laboratories Vivacy SAS, Integra Lifesciences, Sinclair Pharma, SunevaMedoical Inc., Merz Pharma, Dr. Koreman laboratories

Market Dynamics

Driver

Surge in Demand for Minimally Invasive Cosmetic Procedures to Boost Market Expansion

One of the most important market factors for worldwide market growth is the huge increase in demand for face aesthetics. People are turning to less intrusive and less unpleasant procedures in recent years to obtain a younger and healthier appearance. Because extensive cosmetic operations typically include a variety of dangers and frequently demand the patient taking additional days to recuperate. According to the 2020 report from the American Society of Plastic Surgeons, roughly 13.2 million cosmetic operations were performed in the United States, with soft tissue fillers accounting for 3.4 million of those treatments. Such strong data demonstrates the considerable rise in demand for cosmetic operations.

The development of application areas in various non-invasive or minimally invasive cosmetic treatments will drive worldwide market growth. Aside from that, the vast number of clinical studies done as part of various R&D projects helps to expand the industry. Silk Medical Aesthetics and Evolved by Nature, for example, revealed encouraging results from a viability study involving 44 patients in November 2021 as part of an FDA-approved Investigational Device Exemption (IDE) clinical trial. The study was for an all-natural nasolabial fold filler (NLFs). According to the manufacturer, the filler ABOUT FACE BY NATURE is biocompatible and biodegradable.

Restraint

High Costs and Relative Side Effects of Product to Hinder Market Growth

The detrimental effects of administering such filler injections are another important reason leading to the market's fall in growth. Side effects include pain, swelling, or bruising at the injection site, redness, bruising, infections, and lumps and bumps. Furthermore, unintentionally injecting fillers into blood vessels can cause a variety of side effects, including eyesight loss and severe scarring. As a consequence, the aforementioned issues might constrain market growth throughout the projection period.

Opportunity

Rising demand for non-surgical procedures

North America will continue to be one of the most profitable Aesthetic Fillers markets during the projection period. Some of the important elements driving development include the region's high disposable income, strong spending capacity on cosmetic treatments, the existence of top manufacturers, and increased demand for non-surgical procedures. According to early projections from the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS), total healthcare spending in the United States is predicted to climb by 5.4% between 2022 and 2030, exceeding the country's GDP by 4.3%.

Related Reports

Challenge

Negative opinions of aesthetic operations

Negative attitudes against aesthetic procedures, as well as religious and ethical concerns about specific aesthetic treatments, all contribute to the societal stigmas associated with cosmetic procedures (both surgical and nonsurgical). In addition, unregistered practitioner negative effects, a lack of rules limiting the use of filler goods, and a surge in the distribution of counterfeit products are some of the obstacles to the market's growth.

Recent Developments

  • In October 2018, Allergan-AbbVie launched JUVEDERM, a dermal filler, to be used as anti-aging injectable.

Market Segmentation

By Material

  • Hyaluronic Acid
  • Calcium Hydroxylapatite
  • Poly-L-Lactic Acid (Plla)
  • Pmma (Poly (Methyl Methacrylate))
  • Fat Fillers
  • Others

By Application

  • Scar Treatment
  • Wrinkle Correction Treatment
  • Lip Enhancement
  • Restoration of Volume/Fullness
  • Others

By Product Type

  • Absorbable
  • Non-absorbable

By End User

  • Specialty & Dermatology Clinics
  • Hospitals & Clinics
  • Research & Academic Institutes

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

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