|01-17-2019 08:12 PM CET - Health & Medicine||
Dermal Filler Market Industry Insights with Competitive Analysis| Key Players: Allergan Biologics Ltd., Merz Pharma, Syneron Candela
Press release from: Global Market Insights
Global Dermal Filler Market is set to exceed USD 8.5 billion by 2024; according to a new research report by Global Market Insights.
Rising awareness and acceptance regarding several cosmetic procedures in developed and developing regions coupled with increasing disposable income will impel dermal filler market size. Demand for dermal filler injections dramatically increased during recent years among high income Saudi Arabian women. Moreover, rising awareness about superior benefits coupled with minimal pain involved with the procedure will drive global dermal filler market growth.
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Biodegradable fillers segment held largest market share of around 88% in 2017 due to safety offered by this type of fillers. Complications related with the use of dermal fillers disappears spontaneously as biodegradable substances are eventually metabolized by the body. Juvederm XC, a hyaluronic acid developed by Allergan is commonly used to reduce facial lines. Industry players are increasingly investing into development of biodegradable fillers that removes necessity of allergy testing.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Allergan Biologics Ltd.
• Merz Pharma
• Syneron Candela
• Cynosure, Inc.
• Sinclair Pharma
• Suneva Medical
• Cytophil, Inc
• Prollenium Medical Technologies Inc.
• Teoxane Laboratories
• Huons Co., Ltd.
• Hangzhou Gallop Biological Products Co., Ltd
Growing demand for enhancement of cosmetic value for shorter timeframe has escalated demand for temporary biodegradable dermal fillers. Temporary biodegradable dermal fillers segment is estimated to grow by 6.2% during the forecast period. This type of dermal fillers last less than year, hence it is frequently adopted by patients wanting to experiment with soft tissue augmentation, but do not want new look for prolonged time.
Hyaluronic acid segment accounted over USD 4.5 billion in 2017. Hyaluronic acid is associated with dehydration and wrinkling of skin. It is commonly adopted by elderly people to correct facial lines and reduce wrinkling. After Botox, hyaluronic acid is most commonly performed non-surgical cosmetic procedure in the U.S. Large number of approved products, lower risk of complications and growing adoption should accelerate segment growth during the forecast period.
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Facial line correction segment held more than 40% market share in 2017 owing to growing demand for remove/reduce effects of ageing appearing on the skin. Growing beauty consciousness and availability of several non-surgical cosmetic procedures will positively impact industry growth. Soft tissue fillers are capable of smoothening frown lines between the eyebrows, nasolabial folds and skin. Thereby, resulting in high adoption and increasing segmental growth.
U.S. dermal filler market dominated North America Dermal Filler market in 2017 and is anticipated to experience 5.8% CAGR during the forecast period. Growing adoption of facial aesthetic procedures, shift in preference from invasive to non-invasive procedures coupled with rising awareness about soft tissue fillers will drive U.S. dermal filler market. Availability with numerous products in market with frequent introduction of innovative products should positively impact industry growth.
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Dermal Filler Market, By Type
o Temporary biodegradable
o Semi-permanent biodegradable
Dermal Filler Market, By Material Type
o Hyaluronic acid (HA)
o Calcium hydroxylapatite
o Poly-L-lactic acid
o Polymethyl-methacrylate microspheres (PMMA)
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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This release was published on openPR.
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