Dermal Fillers Market in Middle East to Witness the Highest Growth in Coming Years

The growing disposable income, aging population, thriving medical tourism industry, rising skin problem prevalence, and increasing awareness about scar treatment are driving the dermal fillers market in Middle East. In 2017, it was valued at $34.3 million and is expected to progress at an 11.9% CAGR during the forecast period (2018-2023). Substances designed to be injected beneath the skin to add fullness and volume to tissues are known as dermal fillers. These are generally used to give a fuller appearance to the cheeks, nasolabial folds, and lips.

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A key factor influencing the Middle Eastern dermal fillers market positively is the rising demand for lip augmentation procedures. The administration of dermal fillers into parts of lips and the surrounding region to enhance, even out, shape, and add volume to them is done during the injectable lip enhancement procedure, wherein mostly hyaluronic acid-based lip fillers are used. Due to the low cost of plastic surgeries in the Middle East, the market here is witnessing considerable growth.

The rising disposable income is further driving the Middle Eastern dermal fillers market. This has made expensive cosmetic treatments, such as face lift, lip rejuvenation, and wrinkle treatment, more affordable. The gross national income (GNI) per capita of the Middle East and North Africa grew to $18,847 in 2015 from $16,905 in 2011, as reported by the World Bank. The spending power of the Middle Eastern population has increased due to a significant rise in the per capita income of the regional countries.

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Coming back to the segments, based on application, the categories are lip treatment, facial line correction, and face-lift. During the forecast period, the face-lift category is slated to witness the fastest growth, ascribed to the fact that it is the most effective treatment for the removal of facial wrinkles and skin folds compared to other procedures. This is why this category is also predicted to lead the market in 2023.

Therefore, the market for dermal fillers is projected to advance in the Middle Eastern region during the forecast period.

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This release was published on openPR.