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Hyaluronic Acid-based Dermal Fillers Market 2024-2033 - Size, Trends & Growth Analysis
Hyaluronic Acid-based Dermal Fillers Market
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According to The Business Research Company's, The hyaluronic acid-based dermal fillers market size has grown rapidly in recent years. It will grow from $4.47 billion in 2023 to $5 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to aging population, rise in beauty consciousness, social media influence, proliferation of medical spas and aesthetic clinics, rise in e-commerce.
The hyaluronic acid-based dermal fillers market size is expected to see rapid growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increasing disposable income, rising consumer awareness about personal hygiene and grooming, increasing demand for personal care products, economic growth. Major trends in the forecast period include natural and organic formulations, combination therapies, minimally invasive procedures, advanced delivery techniques, integration of virtual consultations and telemedicine .
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Market Drivers and Trends:
Increasing demand for non-invasive dermatology techniques is driving the growth of hyaluronic acid-based dermal fillers. Deep palpation, x-rays, and blood pressure checks are examples of non-invasive tests that require breaking the skin or entering the body. Most of the treatments are non-invasive and are done by using acid-based dermal fillers as they have minimal risks involved and give long-lasting results. For instance, in February 2022, The American Society of Plastic Surgeons (ASPS), a society for American plastic surgeons, said that every year more than 17 million adults opt for cosmetic surgeries that consist of minimally invasive options such as body contouring, lasers, and injections. This demand is expected to drive the hyaluronic acid-based dermal fillers market.
Technological advancements are shaping the hyaluronic acid-based dermal fillers market. Major companies operating in the hyaluronic acid-based dermal fillers sector are focused on developing new technological solutions to strengthen their position in the hyaluronic acid-based dermal fillers. For instance, in 2021, a new treatment called laser resurfacing treatments was introduced in the market which is more efficient and less invasive, addressing multiple skin concerns. It uses lasers to solve all the skin problems at once making them more appealing. Moreover, the treatment can also be used to cope with the COVID-19 stress.
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Major Key Players of the Market:
Bohus Biotech AB, AbbVie Inc., Galderma Laboratories L.P., Merz Pharmaceuticals GmbH, Genzyme Corporation, Anika Therapeutics Inc., LG Chem Ltd., Bio plus Co. Ltd., Sculpt Luxury Dermal Fillers Ltd., Bioxis Pharmaceutical, Sinclair Pharma plc, Laboratories Vivacy SAS, Medicis Aesthetics Holdings Inc., Inamed Corporation, Teoxane S.A., Suneva Medical Inc., Advanced Aesthetic Technologies Inc., Croma-Pharma GmbH, Cytophil Inc., DR. Korman Laboratories Ltd., Huons Global Co. Ltd., Revance Therapeutics Inc., Syneron Medical Ltd., TEOXANE Laboratories
Hyaluronic Acid-based Dermal Fillers Market 2024 Key Insights:
• The hyaluronic acid-based dermal fillers market size is expected to see rapid growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%.
• The Surge In Demand For Non-Invasive Dermatology Drives Hyaluronic Acid-Based Dermal Fillers Market
• Technological Advancements And Innovation In Hyaluronic Acid-Based Dermal Fillers
• North America was the largest region in the hyaluronic acid-based dermal fillers market in 2023
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