New York, USA, June 27, 2023 (GLOBE NEWSWIRE) -- Dermal Fillers Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Dermal Fillers Market Information By Type, Application, Brands, And Region - Forecast till 2032", the market Size was estimated at USD 5.1 Billion in 2022 and is projected to grow from USD 5.50 Billion in 2023 to USD 10.11 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.90% during the forecast period (2023 - 2032).
Market Scope
The rising interest in plastic surgery drives Market CAGR for dermal fillers. The increasing number of face surgeries performed by both men and women is expected to impact the market's development over the evaluation period significantly. Dermal fillers are injectable gel-like compounds that fill wrinkles, smooth out creases, and enhance facial contours. The usage of dermal fillers has risen substantially in the past few decades because of many advancements in the rejuvenating and aesthetic enhancements that were previously only available through surgery. The use of these methods to rejuvenate the face is becoming more widespread. Dermal fillers can treat wrinkles, facial lines, diminished volume, acne scars, and other conditions. Permanent fillers are typically used to repair deep skin creases and more severe wrinkles than regular facial creases. The prevalence of these procedures is expected to rise as disposable income rises globally, especially in developing countries.
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Additionally, the last remaining taboos associated with cosmetic procedures have significantly decreased with the increased understanding of filler procedures. Because dermal fillers are less intrusive, they show immediate advantages in cosmetic volume replacement techniques. These gadgets provide face volume and boost and improve the skin's condition. For augmentation, various techniques, including injections, are performed. For aesthetic reasons, these fillers can produce larger, plumper lips. Depending on the substance utilized, numerous kinds of dermal fillers may be injected into the lips and the area surrounding the mouth to maintain the volume of the lips. Geriatric populations are growing, boosting the popularity of dermal filler procedures, and fueling market expansion. The market is growing due to technological developments in medical aesthetic products. The demand for facial aesthetics procedures is also driven by young people's increasing self-awareness of physical appearance.
Report Scope:
| Report Attribute | Details |
| Market Size in 2032 | USD 10.11 Billion |
| CAGR | 7.90% |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Historical Data | 2021 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application and Brand |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increased interest in plastic surgery will drive dermal fillers to expand over the projected period. |
| Growing need for minimally invasive techniques are key market drivers |
Dermal Fillers Market Competitive Landscape:
- Dr. Korman Laboratories (Israel)
- Sinclair Pharma (UK)
- Teoxane Laboratories (Switzerland)
- Suneva Medical (US)
- Galderma Laboratories LP (Switzerland)
- Allergan (Ireland)
- Merz Pharma (Germany)
- SciVision Biotech Inc (Taiwan)
- Medytox (South Korea)
Dermal Fillers Market Trends:
Market Drivers:
In contrast to conventional cosmetic and plastic surgery treatments, incorporating laser and additional energy-based equipment, the usage of minimally invasive procedures has increased. Specially constructed devices have been created for minimally invasive surgical and non-surgical operations. By rejuvenating and smoothing the skin, these anti-aging gadgets aid in minimizing the visible symptoms of skin aging and imparting a youthful appearance. One of the most ubiquitous trends internationally is that virtually every age group has expressed a desire or proclivity to undergo less or non-invasive treatments. This is crucial for the male population, as they use these procedures to enhance their appearance more and more frequently.
As a result, a growing proportion of men realize that aging and gravity might detract from the appearance of their facial characteristics. Because facial filler operations successfully restore the early gravitational drooping of the face, men frequently select them. The two key drivers driving the present-day expansion of the global dermal filler market are the rise in early skin aging frequency and the popularity of minimally invasive surgical treatments. The requirement for dermal filler operations is increasing, more businesses are supplying various dermal filler goods, and additional significant players are recommending more goods, every one of which is fueling the market's growth.
Restraints
During the forecast period, the widespread use of the treatment is expected to be constrained by the high prices tied to dermal filler procedures such as fat face and polymethyl-methacrylate microspheres.
Browse In-depth Market Research Report (78 Pages) on Dermal Fillers: https://www.marketresearchfuture.com/reports/dermal-fillers-market-3893
COVID 19 Analysis
The unprecedented and catastrophic global COVID-19 pandemic has resulted in lower-than-expected sales in all regions compared to pre-pandemic levels. Since it was one of the first surgical procedures to suffer severely from cancellations and is considered an elective procedure, the market has been significantly impacted. Major firms reported lower income in 2020 than 2019 due to lengthy delays for optional and non-essential treatments in numerous countries. The demand for cosmetic operations, especially non-invasive ones like dermal fillers, has increased dramatically and persistently in the modern world.
Dermal Fillers Market Segmentation
By brands, the market includes Juvederm, Radiesse, And Restylane.
By type, the market includes hyaluronic acid, calcium hydroxylapatite, polymers & particles, and collagen.
By application, the market includes facial line correction treatment, face-lift, and lip treatments.
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Dermal Fillers Market Regional Insights
The region with the biggest market share for dermal fillers is anticipated to continue to lead during the forecast period. The increase in hyaluronic acid treatments, the existence of the dermal filler industry, the rise in dermal filler product approvals, and improvements in the medical aesthetics sector in the area are mostly to blame for this. Additionally, expanding clinical research to create novel, skin-friendly beauty products will accelerate market expansion during the anticipated timeframe. Due to the rise in elderly female populations, increased awareness of aesthetics among young people, and rising healthcare costs, Asia-Pacific is predicted to expand at the quickest CAGR throughout the forecast period. Furthermore, the highest market share for dermal fillers is held by China, and the Indian market is expected to grow quickly in the Asia-Pacific area.
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