Dermal Fillers Market Business Insights & Deep Analysis to 2025 by World’s Top 10 Key Players
The global dermal filler market can reach a valuation of USD 6,899.16 million by 2025. It is predicted to expand at a CAGR of 13.2% over the forecast period.
Dermal fillers or wrinkle fillers are solutions injected into the skin. Its effects can last from six months to two years. Efforts are being made to prolong its effects and revolutionize anti-aging. The global dermal filler market report by Market Research Future (MRFR) makes projections and estimates for the period of 2019 to 2025 (forecast period). It analyzes different segments and sub-segments and studies the penetration of these products at country levels.
The outbreak of the COVID-19 pandemic has led to a sharp decline in demand and revenue and it is touted to recover by 2022. According to a report by Hamilton Fraser in conjunction with the National Health Service, an agency in the U.K. government, close to 80% of the clinics were closed during the lockdown bringing down revenue inflow.
Adverse effects of dermal fillers and the alarming numbers of unregistered surgeons performing cosmetic surgery can threaten market growth.
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The global dermal fillers market is segmented by type, brand, and application.
By type, the market has been segmented into collagen, calcium hydroxylapatite, hyaluronic acid, and polymers & particles. By type hyaluronic acid held the largest market value of USD 1,154.96 million in 2018 and is expected to grow at the highest CAGR during the forecasted year.
Based on brand, the market has been segmented into radiesse, juvederm, and restylane.
On the basis of application, the market has been segmented into face-lift, facial line correction treatment, and lip treatments.
Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are regions taken into consideration with respect to the global dermal filler market.
The Americas held the largest market share in 2018. The regional market can showcase growth owing to the demand for cosmetic products, launch of minimally invasive procedures, clinical trials for new skin care products, and a large geriatric populace. According to the annual plastic surgery procedure statistics, there were close to 17.5 million surgical procedures performed in the U.S. in 2017.
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Europe will follow the Americas in the market and be the second-best performing region during the assessment period. Acceptance of aesthetic products, support by government bodies for the use of minimally invasive procedures, and a large number of approvals by federal regulatory bodies.
APAC is expected to display the highest growth rate in the global dermal fillers market due to awareness of non-invasive cosmetic procedures, demand for facial aesthetics, and a large geriatric population. According to the United Nations Population Fund (UNFPA), there would be close to 1.3 billion people in the region above the age of 60.
Lastly, the MEA region can display the lowest growth rate during the forecast period due to limited access to cosmetic treatments. But the emergence of beauty clinics and dedicated units to cosmetics in hospitals in Saudi Arabia can drive the regional market growth.
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Dr. Korman Laboratories, Medytox, Galderma Laboratories, LP, Allergan, Sinclair Pharma, Merz Pharma, Suneva Medical, Teoxane Laboratories, SciVision Biotech Inc., and others are key players of the global dermal filler market.
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