Press release
Latin America Hyaluronic Acid Dermal Filler Market Share was valued at 478.7 Mn in 2021
In terms of volume, theย hyaluronic acid dermal filler market in Latin Americaย is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Strong growth of the hyaluronic acid dermal filler market in Latin America can be ascribed to the rise in medical tourism in the region. The cost of dermal filler procedure is lower in Latin America than that in other regions. Therefore, the demand for dermal filler procedures has been rising in Latin America.
Countries such as Brazil, Mexico, and Argentina report significant number of patients for dermal filler procedures from the U.S. and countries in Europe. The increase in penetration of the Internet in developed and developing countries provides consumers an opportunity to research on various dermal filler procedures available for the treatment of skin and facial ailments. This boosts online sales. Additionally, advantage of product comparison, rise in desire to maintain youthful features, and increase in fad of using anti-aging products, owing to the growth in social media awareness are contributing to growth of the hyaluronic acid dermal filler market in Latin America.
๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:ย https://www.transparencymarketresearch.com/latin-america-hyaluronic-acid-dermal-filler-market.html
The rise in demand for non-surgical cosmetic products such as cosmetic injectable in Brazil and Mexico drives the hyaluronic acid dermal filler market in Latin America. The growth in medical tourism in Brazil and Mexico is also boosting the demand for hyaluronic acid dermal filler in the region.
Clinical Risks and Complications Associated With Hyaluronic Acid Dermal Fillerย to Hamperย Market
The hyaluronic acid dermal filler market in Latin America is anticipated to be hampered by high cost of products and availability of cost-effective substitute products. Clinical risks and complications associated with hyaluronic acid dermal fillers are also expected to hamper the market in the region in the near future. The lack of regulations governing the usage of dermal fillers leads to exploitation by untrained workers in salons and beauty parlors.
The current legislation in place does not classify dermal filler as prescription medicine, leading to administration of these to patients at discounted price by non-clinicians. Thus, lack of regulations governing clinics and practitioners is likely to hamper the hyaluronic acid dermal filler market in Latin America in during the forecast period.
Monophasic Type Dominated Latin America Hyaluronic Acid Dermal Filler Marketย in 2019
Based on type, the hyaluronic acid dermal filler market in Latin America has been bifurcated into biphasic and monophasic. In terms of value, the monophasic segment dominated the hyaluronic acid dermal filler market in Latin America in 2019. The segment is anticipated to expand at a CAGR of more thanย 5.5% during the forecast period.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐:ย https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79720ย
Use of Hyaluronic Acid Dermal Fillers to Treat Wrinkles
Based on application, the hyaluronic acid dermal filler market in Latin America has been segregated into wrinkles, lips, cheek augmentation, hands, and others. In terms of value, the wrinkles segment led the hyaluronic acid dermal filler market in Latin America in 2019. The segment is anticipated to expand at a CAGR of more thanย 5% during the forecast period.
Brazil to be Lucrative Country of Latin America Hyaluronic Acid Dermal Filler Market
Based on country & sub-region, the hyaluronic acid dermal filler market in Latin America has been classified into Brazil, Mexico, Argentina, Colombia, Chile, Peru, Ecuador, and Rest of Latin America. In terms of volume, Brazil accounted for significant share of the hyaluronic acid dermal filler in Latin America in 2019. Quick recovery time, less trauma, painless treatment, and lower cost as compared to surgical procedures are driving the demand for hyaluronic acid dermal filler market in the country.
The demand for lip enhancement has been increasing rapidly in Argentina, owing to the growing fad of the selfie culture. The market for lip enhancement has been expanding significantly, owing to rise in young population preferring to modify their lips for a plump and voluminous appearance. This offers lucrative opportunities to the hyaluronic acid dermal filler market in Argentina.
Competition Landscape of Latin America Hyaluronic Acid Dermal Filler Market
On May 8, 2020, AbbVie completed the acquisition of Allergen Plc under the Chapterย 1ย of Partย 9ย of the Irish Companies Act 2014. On March 26, 2019, Allergen acquired Envy Medical, Inc. for US$ย 81.4ย Mn. Envy Medical, Inc. is a privately held medical esthetics company engaged in non-surgical and non-invasive skin resurfacing systems. The acquisition combines Envy's skin care product portfolio with the company's leading medical esthetics business.
๐๐๐ญ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ :ย https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=79720ย
On April 5, 2019, Merz launched the new hyaluronic acid (HA) dermal filler 'Belotero Revive.' Belotero Revive is applied through an injection as a beauty booster and for youthful radiance.ย The product contains a unique combination of hyaluronic acid (HA) and glycerol. It is intended to improve elasticity, hydration, and firmness of the skin and minimize early signs of aging. In April 2018, LG Chem launched a premium hyaluronic acid filler Yvoire Y-Solution. The product line includes three products: Y-Solution 360 for fine wrinkles; Y-Solution 540 for forehead and zygoma; and Y-Solutionย 720ย for nasolabial folds and wrinkles around the cheek and jaw.
Leading players have taken initiatives to increase their presence in Latin America through expansion of supply & distribution network as well as strategic partnerships. Key manufacturers operating in the hyaluronic acid dermal filler market in Latin America areย Allergen, LG Chem, Ltd., Galderma, Teoxane, BioPlus Co., Ltd., Merz Pharma, Medytox, Adoderm GmbH, Sinclair Pharma, Bloomage Biotechnology Corp. Ltd., Bohus BioTech AB, and HUGEL, Inc.
Latin America Hyaluronic Acid Dermal Filler Market: Segmentation
Latin America Hyaluronic Acid Dermal Filler Market, by Type
Biphasic
Monophasic
Latin America Hyaluronic Acid Dermal Filler Market, by Application
Wrinkles
Lips
Cheek Augmentation
Hands
Others (including Scar Treatment)
๐๐ฅ๐ข๐๐ค ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ:ย https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=79720ย
Latin America Hyaluronic Acid Dermal Filler Market, by End Use
Hospital
Dermatology Clones
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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