Dermal Fillers Market Size is expected to register a CAGR of 13.2% and growth to reach USD 6,899.16 Million till 2025.
Dermal fillers are minimally invasive procedures used as anti-aging solutions to reduce facial lines and restore firmness. These are soft tissue fillers injected into the skin to resolve skin-related problems such as scars, wrinkles, and smoothens the skin using various dermal fillers such as hyaluronic acid, polymers and particles, and collagen.
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Key factors that drive the dermal fillers market are the rising preference for non-invasive aesthetic procedures, an increasing number of plastic surgeons performing aesthetic procedures, and cost-effective alternatives to cosmetic surgeries. Also, the increase in per capita disposable income boosts the growth of the global dermal fillers market.
However, factors such as side-effects associated with dermal fillers and the black market of dermal fillers and effects of unregistered practitioners hamper the market growth. The increasing number of clinical trial studies and rising demand for minimally invasive procedures act as an opportunity for the market.
Market Dynamics
Growing demand for facial aesthetics globally.
Globally, the demand for facial aesthetic treatments, products, and services is growing at a rapid pace. The growing number of medical aesthetic facilities providing aesthetic services is boosting the growth of the market. Such facilities have made these procedures more accessible and have helped in the rise of the popularity of these practices. According to the International Society of Aesthetic Plastic Surgery (ISAPS), in 2018, the number of non-surgical cosmetic procedures involving hyaluronic acid was 3,729,833 globally. The cost-effective dermal filler therapy provided by some countries such as China and India are driving the dermal fillers market growth in the region.
The above chart shows the number of procedures involving the use of hyaluronic acid in 2018 and 2017. Females constitute almost ninety percent of the total procedures. This attributes to the increasing inclination of the female population towards the use of dermal fillers. Also, the number of procedures, as seen in the table, has increased from the years 2018 to 2017. The growing awareness about the benefits of the fillers and the need for maintaining youthful structure push the sales of facial injectables. This results in the growing demand for the dermal fillers.
Segmentation
Global Dermal Fillers Market is segmented into Type, Brand, and Application. By type, the market has been segmented into hyaluronic acid, polymers & particles, calcium hydroxylapatite, and collagen. 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 juvederm, radiesse, and restylane. On the basis of application, the market has been segmented into facial line correction treatment, face-lift, and lip treatments.
Regional Analysis
Global Dermal Fillers Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is expected to hold the largest share of the global dermal fillers market. The growth of the American market can be attributed to the increasing demand for cosmetic products, growing geriatric population, launching of the new minimally invasive facial procedure, and rising clinical trials to innovate skincare products. According to the annual plastic surgery procedural statistics, there were 17.5 million surgical and minimally invasive cosmetic procedures performed in the US in 2017, with a 2 percent increase in the number of procedures over 2016. The increase in demand for minimally invasive cosmetic procedure drives the market growth in America.
Europe is expected to account for the second-largest market share during the forecast period. The European market is segmented into Germany, the UK, Italy, Spain, France, and the rest of Europe. Europe held a healthy share in the global dermal fillers market and is the second-largest market leader after the Americas, owing to the increasing acceptance of new aesthetic products, growing support by government bodies for the use of minimally invasive dermal procedures, and the increasing number of product approvals & availability of products across the region. For instance, in October 2015, Galderma, a global pharmaceutical company, announced the availability of Emervel, the newest range of hyaluronic acid (HA) dermal fillers in Canada. The launching and availability of new products across the region boost the market.
Asia-Pacific is projected to exhibit the fastest market growth from 2019 to 2025 owing to rapidly booming geriatric population, rising per capita disposable income, escalating demand of facial aesthetics products and increasing awareness about non-invasive cosmetic procedures available in the market. According to the report published by the United Nations Population Fund (UNFPA), it is reported that there will be an increase in the geriatric population in the future and estimated that 1.3 billion people would be above 60 years by 2050 in the Asia-Pacific region. Hence the increasing aging population boosts market growth.
The market in the Middle East and Africa is likely to exhibit the lowest growth owing to limited access to treatment facilities. Moreover, limited developments in technology may slow market growth during the review period. But the growing number of beauty clinics & hospitals in countries such as Saudi Arabia and the launch of new products will help to strengthen the market growth.
Key Players
The Prominent Players in the Global Dermal Fillers Market are Galderma Laboratories, LP (Switzerland), Allergan (Ireland), Merz Pharma (Germany), Dr. Korman Laboratories (Israel), Sinclair Pharma (UK), Teoxane Laboratories (Switzerland), Suneva Medical (US), SciVision Biotech Inc. (Taiwan), Medytox (South Korea), and among others.
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