New York, USA, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Dermal Fillers Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Dermal Fillers Market Information by Type, Brand, Application, and Region - Forecast till 2030”, the market was valued USD 5.08 Billion in 2021 and expected to reach USD 9.1 billion by 2030 at CAGR of 7.9% during the forecast period 2022-2030, which predicts Market Research Future (MRFR).
Dermal Fillers Market Competitive Analysis:
To increase their share of the global market, the majority of major companies are resorting to various forms of consolidation, including mergers, partnerships, and acquisitions. They're also putting a lot of energy into expanding their product lines. They have an advantage over their rivals because of the increased demand for minimally invasive cosmetic methods, which will lead to a variety of innovations and product innovation.
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The major players of the market are:
- Galderma Laboratories, LP (Switzerland)
- Allergan (Ireland)
- Merz Pharma (Germany)
- Dr. Korman Laboratories (Israel)
- Sinclair Pharma (UK)
- Teoxane Laboratories (Switzerland)
- Suneva Medical (US)
- SciVision Biotech Inc. (Taiwan)
- Medytox (South Korea)
Report Scope:
| Report Attribute | Details |
| Market Size | USD 9.1 Billion |
| CAGR | 7.9% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application and Brand |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Growing Demand for Cosmetic Surgeries |
| Increasing Demand for Minimally-Invasive Techniques |
Dermal Fillers Market Dynamics:
Market Drivers
According to MRFR's study of the dermal filler market, rising interest in aesthetic procedures is one aspect that has the potential to boost the market throughout the forecast period. A major factor in the market's expected growth during the forecast period is the rising popularity of face procedures among both sexes. In addition, the market is expected to benefit in the next period from the ongoing technical development of dermal fillers by key companies.
During the time period under review, the industry has been presented with a sizable potential brought about by the increasing preference for minimally invasive procedures. Manufacturers are releasing a slew of new, ground-breaking items to keep up with surging consumer demand, a trend that should fuel expansion in the years to come.
The evolution of fillers has stimulated neocollagenesis, which will allow for longer-lasting cosmetic improvements. These medications also lessen the likelihood of life-threatening complications or side effects. Additionally, some companies are working to perfect biodegradable filler, which has the potential to eliminate the need for allergy testing.
Dermal Fillers Market Restraints
The high price of these fillers is a potential restraint on the market's expansion throughout the forecast period. Additionally, the existence of unlicensed professionals is forecast to have a severe unfavourable effect on the dermal face fillers industry in the near future.
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COVID-19 Analysis:
As a result of the lockdown in place in the vast majority of locations around the world, the pandemic has had a disproportionately large influence on the fields of aesthetic medicine and cosmetic dermatology. Further, as economies have slowed, consumers' discretionary spending has decreased, making it harder for them to afford pricey cosmetic services. Demand for dermal filler was low as the number of elective cosmetic treatments dropped. Although the market will rebound thanks to high demand and the associated decrease in COVID-19 instances.
Dermal Fillers Market Segmentation:
By Type
Extensive expansion of the hyaluronic acid market is predicted for the analyzed time frame. During the period under review, the market is forecast to expand on the back of rising levels of innovation and the introduction of new products in the sector.
By Brand
The market for Juvéderm is predicted to expand rapidly over the analyzed time frame.
By Application
It is anticipated that the face lift market will develop at the fastest rate during the study period. The sectors are expected to be driven over the assessment period by the rising demand for aesthetic attractiveness and the rising consciousness of beauty among women.
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Dermal Fillers Market Regional Analysis:
According to MRFR's report on the dermal fillers market, the Americas are poised to become the industry's largest regional segment throughout the study's forecast period. The increasing demand for cosmetic goods and the growing interest in non-invasive facial procedures have contributed to the expansion of the regional market. Moreover, the increasing number of clinical trials to develop novel skin beauty products is expected to further fuel the regional market. The United States is expected to play a pivotal role in the growth of the regional market, more so than any other country in the region.
During the projection period, Europe is projected to have the second-largest market share for dermal fillers. The rising interest in non-surgical facial rejuvenation is anticipated to be a key factor that can boost the market in the area over the forecast period. The growing number of approved and available products across the region is another key factor that should help the dermal fillers market share of the region grow.
Rising per capita income and the proportion of the world's elderly population make Asia-Pacific the region with the highest potential for growth over the next several years. Other significant factors that are expected to drive the market in the area during the assessment period include the rising demand for facial aesthetics products and the rising desire for non-invasive cosmetic procedures. Developing countries like India, China, and Japan are likely to play a major role in bolstering the regional market due to the availability of attractive prospects that might accelerate the industry.
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As a result of low levels of education and inadequate infrastructure, the Middle East and North Africa (MEA) are predicted to grow at the slowest rate. However, the launch of more products in a select number of Middle Eastern nations and the presence of untapped market potential should help the market grow in the region. It is assumed that Africa will fall behind because many African countries are still developing. It is expected, however, that countries in the Middle East, such as Saudi Arabia, Kuwait, and a few others, will help to boost regional commerce.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
