Dermal Fillers Market Growth Is Attributed To The Growing Adoption Of Hyaluronic Acid (HLA) Based Dermal FillersAccording to the Precision Business Insights (PBI) report, the global dermal fillers market is worth USD 3,000 million in 2022, growing at a 10% CAGR from 2022 to 2028. The global dermal fillers market is segmented into the following types: By Product Type (Absorbable Dermal Fillers and Non-Absorbable Dermal Fillers), Ingredient Type (Hyaluronic Acid (HLA), Poly-L-Lactic Acid (PLA), Calcium Hydroxylapatite (CaH), Polymethylmethacrylate (PMMA), and Collagen), Application (Aesthetic Restoration, Wrinkle Reduction, Dentistry, and Reconstructive Surgery), Distribution Channel (Retail Pharmacies, Beauty Clinics, and Online Pharmacies), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028. Key player's profiles in the Dermal Fillers market report are Galderma Pharma S.A, Sinclair Pharma plc, Zimmer Biomet Holdings, Allergan plc., Anika Therapeutics Inc., Merz Pharma GmbH & Co. KGaA, Suneva Medical Inc., Teoxane Laboratories Inc., Prollenium Medical Technologies Inc., Laboratoires Vivacy SAS, and Fidia Pharma USA Inc. In developed nations, there is growing attention and awareness of facial beauty. Consumer spending power is rising, increasing medical tourism. In industrialized countries, the number of facilities and professionals is rising, driving The dermal filler market. The less painful approach to treating various face skin disorders, reduced occurrences of post-surgery ailments, low discomfort, less scarring, and the need for more minor cuts are expected to drive the demand over the forecast years. The market for dermal fillers is not only confined to facial skin operations but also encompasses treatments that improve the appearance of body components. The aging population has led to a rise in demand for anti-aging treatments.
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Hyaluronic Acid (HLA) Segment to Dominate the Dermal Fillers Market:
The hyaluronic acid (HLA) segment is expected to hold a larger revenue share in the global dermal fillers market and is projected to grow at a rapid CAGR between 2022 and 2028. The hyaluronic acid (HLA) segment will reach around USD xx Mn by 2028. The increase in hyaluronic acid dermal filler treatments conducted each year can be related to the segment's growth. Hyaluronic acid compounds are in high demand because of their safety and relative longevity. Furthermore, numerous beauty clinics in economically stable and high-growth regions such as Europe prefer hyaluronic acid products. According to the International Society of Aesthetic Plastic Surgery (ISAPS), hyaluronic acid dermal filler operations were performed in over 3,298,266 international surgeries in 2017. In addition, there are several types of hyaluronic acid dermal fillers available, each with a different concentration of hyaluronic acid and degree of crosslinking. The industry is being propelled forward by technological advancements that have led to the creation of newer HA dermal fillers.
The Asia Pacific Growing at a Prominent Rate in Global Dermal Fillers Market:
The Asia Pacific is expected to hold a significant market share in the global dermal fillers market over the forecast period. It is projected to grow at a prominent CAGR in the coming years. The market in the region is driven by the region's aging population and people's increased awareness of their physical appearances. For example, in 2020, LG Chem of South Korea reported that clinical trials of a premium dermal filler named YVOIRE-Y solution had begun in China.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global dermal fillers market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In September 2019, Allergan plc. announced receiving approval from the U.S. FDA for Juvéderm VOLUMA XC with TSK STERiGLIDE cannula for augmentation of cheeks in people aged above 21 years. The HA dermal filler is intended to correct age-related volume insufficiency in the mid-face. The approval will expand the demand for the Juvederm family of fillers.
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Dermal fillers market detailed segmentation:
Based on the product type, the market is segmented into the following:
• Absorbable Dermal Fillers
• Non-Absorbable Dermal Fillers
Based on the ingredient type, the market is segmented into the following:
• Hyaluronic Acid (HLA)
• Poly-L-Lactic Acid (PLA)
• Calcium Hydroxylapatite (CaH)
• Polymethylmethacrylate (PMMA)
Based on the application, the market is segmented into the following:
• Aesthetic Restoration
• Wrinkle Reduction
• Reconstructive Surgery
Based on the distribution channel, the market is segmented into the following:
• Retail Pharmacies
• Beauty Clinics
• Online Pharmacies
Based on the geography, the market is segmented into the following:
• North America
• The Asia Pacific
• Latin America
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