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Worldwide Dermal Filler Market Size Key Players – Allergan, Syneron, Merz Aesthetics and Medicis

02-26-2019 07:05 PM CET | Business, Economy, Finances, Banking & Insurance

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Worldwide Dermal Filler Market Size Key Players – Allergan,

A recent report compiled by Market Study Report, LLC, on Dermal Filler market offers a succinct analysis of the industry size, regional landscape and the revenue forecast pertaining to this vertical. The report further highlights the primary challenges and latest growth strategies embraced by key players that constitute the dynamic competitive spectrum of this business domain.

Dermal Filler Market will reach over USD 8.5 billion by 2024; as per a new research report.

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Some of the major market players involved in global dermal filler market are Allergan, Syneron, Merz Aesthetics and Medicis. Firms are focusing on acquisitions and product launch to fortify their product base and market reach over the coming years.

Increasing geriatric population base worldwide seeking for anti-aging treatments will attribute to considerable increase in global dermal filler market. According to Dermatology Center of Acadiana, population aged 55 years and over accounted for over 45% of total dermal filler procedures performed in 2016 in the U.S. With growing adoption of soft tissue augmentation procedures among elderly people, demand for dermal filler will significantly rise in the foreseeable future.

Growing medical tourism in emerging regions such as India and Israel should positively impact dermal filler industry growth. Medical tourism offers cost-effective cosmetic treatments and is thus witnessing tremendous growth currently. Additionally, large number of people are increasingly spending on cosmetic enhancements that should further offer lucrative dermal filler market growth opportunity in the forthcoming period.

Biodegradable dermal filler type segment will witness 6.4% CAGR during the forecast period. Biodegradable fillers are being highly preferred due to their relative safety along with sustained aesthetic enhancements. Similarly, temporary biodegradable dermal filler sub-segment held highest share in 2017 and will show similar trend till 2024.

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Hyaluronic acid (HA) material type segment accounted for highest revenue share of 78.0% in 2017. Widespread acceptance of hyaluronic acid fillers will be the major factor leading to considerable segmental growth. HA fillers are used for multiple applications such as facial line corrections and are safe that should assist its rapid adoption over the foreseeable future.

Lip enhancement application segment will record fastest growth at 7.7% CAGR throughout the projected timeframe. Lip augmentation procedures are being widely acknowledged and adopted in developing as well as developed countries. Moreover, dermal fillers offer controlled lip size changes within short duration that will boost segmental share in the forthcoming years.

Dermatological clinics end-use segment led the global dermal filler market with USD 3,379.8 million in 2017. Dermatological clinics offer cost-effective and customized service to patients that render cosmetic procedures at such settings favorable. Also, several clinics are witnessing surge in demand for lip augmentation procedures that should stimulate segmental growth in upcoming years.

U.S. dermal fillers market is anticipated to experience growth of 5.8% CAGR during the forecast timeframe. Growing importance and focus on facial beauty coupled with recent advancements in dermal fillers should increase the product demand in the nation. Furthermore, presence of high-quality infrastructure, skilled plastic surgeons and expanding medical facilities will augment U.S. dermal filler industry growth over the projection timeframe.

India dermal filler market will foresee 8.4% CAGR throughout the forecast timeframe. Fast adoption of facial augmentation procedures following numerous celebrities as well as expansion by many market players will highly impact market. Rising number of baby boomers will further assist India dermal filler market growth in the upcoming years.

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