Global Dermal Fillers Market to Hit USD 6,303.2 Million and Exhibit 7.8% CAGR by 2026
Key Industry Developments:
In April 2019, Merz Pharma announced the launch of its latest dermal filler called the Belotero Revive dermal filler, a combination of hyaluronic acid and glycerol
In April 2019, ALLERGAN announced the launch of Juvéderm VOLUX, a dermal filler aimed at the refinement of the chin and jawline
In December 2016, Galderma laboratories announced the FDA approval of Restylane Refyne and Restylane Defyne dermal fillers for the treatment of laugh lines
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Demand for Dermal Fillers to Rise Among Millennials Propelling Growth in the Market
Growing aging population across the world positively impacts the growth of the market. Increasing number of aged people are undergoing dermal filler therapy to uplift drooping skin and restore lost volume. Continuous support from governments to R&D initiatives and recent regulatory approvals will spur growth in the market.
North America Leads Gains Owing to Growing Demand for Advanced Dermal Fillers
In 2018, the market in North America was worth US$ 1,596.8 Mn. Driven by the growing demand for innovative and advanced dermal fillers, the region is expected to lead global market through the forecast years.
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As per a study conducted by ASPS, more than 2 million people in the U.S. underwent hyaluronic acid procedures. Increasing awareness about soft tissue fillers treatment in the U.S. is expected to drive the market in North America. Extensive availability of products in this region is positively impacting the growth of the market.
Apart from North America, the market in Asia Pacific is also growing substantially in the forecast years. The rising demand for aesthetics in China and India is creating growth opportunities for the market in Asia Pacific.
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Product Launches by Market Players to Accelerate the Market Growth
The report profiles some of the key players in the global dermal fillers market. These include BioPlus Co., Ltd., Galderma laboratories, Bioxis pharmaceuticals, Suneva Medical, DR. Korman, Sinclair Pharma, ALLERGAN, Merz Pharma, and CANDELA CORPORATION. Among these, ALLERGAN was leading the global market in 2018 encompassing a large number of specialized and technologically-advanced products.
The company offers a JUVÉDERM collection of dermal fillers, which includes lip enhancement and wrinkles correction. Moreover, the company launched Juvéderm VOLUX to reduce fines lines on jawline and chin. Another company called Merz Pharma recently launched a dermal filler product called Belotero Revive to meet the unique skin requirements of aesthetic patients. Such product launches are expected to help companies broaden their product portfolio, which will stimulate growth in the market.
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Key companies covered in the report:
BioPlus Co., Ltd.
SCULPT Luxury Dermal Fillers LTD
Prollenium Medical Technologies
Anika Therapeutics, Inc
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