Market Summary
The global dermal fillers market was valued at USD 4.98 billion in 2021 and it is the need for minimally invasive aesthetic procedures, particularly in developed nations, is a major factor in the market's growth. The global dermal fillers market is expected to grow at a CAGR of 7.44% during the forecast period to reach USD 9.45 billion by 2030. High patient satisfaction from product development will also have a beneficial effect on product demand during the predicted period. In the coming years, it is anticipated that ongoing advancements in filler materials will have an impact on the market expansion. Numerous products intended for particular facial regions have received FDA approval, enabling dermatologists to provide clients with specialized care. The filler can be used to treat moderate to severe facial creases and wrinkles. Recent innovations, such as HA filler for subtle lip enhancement that improves lip definition without increasing lip size, will also raise public preference for dermal filler procedures.
Dermal
fillers are injected under the skin and are soft, gel-like materials. Deep
under-eye bags, lifting of the cheekbones, volumization of the lips, smoothing
of lip lines and nasolabial folds (the wrinkles that run from the side of the
nose to the corners of the mouth), and hand rejuvenation are a few of the
frequent issues they can treat.
“Rising Interest in Cosmetic Operations Globally
Fuels the Market”
The development of the dermal filler market will be supported throughout the projected period by an expanding network of healthcare facilities offering cutting-edge aesthetic treatments and improved infrastructure. The number of clinics, medical spas, and centers for rejuvenation has significantly increased in recent years both in industrialized and developing countries. Thus, the rapid adoption of various non-invasive treatments offered by these facilities owing to the benefits including the cost-effectivity and shorter treatment duration will propel the industry growth. Furthermore, escalating number of skilled professionals such as dermatologists and plastic surgeons will further augment the industry expansion.
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The
global dermal filler market is segmented based on application, product, and end
-users.
By Application Outlook:
Due to
the high amount of lip treatments, the lip augmentation segment made up the
second-largest segment. The category is anticipated to be driven by the
increased demand for cosmetic enhancements of the lips, which is being fueled
by the advent of minimally invasive procedures. Due to product introductions
like Allergan's (AbbVie, Inc.) JUVEDERM VOLUX, the volume/fullness category is
expected to make a comeback and rank third among all segments. In the
foreseeable term, it is anticipated that scar therapy would represent a
relatively smaller market share.
By Product Outlook:
The
increased level of safety and solid regulatory approval for the products, as
well as the current R&D initiatives of large and emerging businesses to
offer new products in the biodegradable category, are all anticipated to
support the segment's expansion. Because these items are permanent in nature
and hence have much lower adoption rates, the non-biodegradable group had a
smaller market share in 2021. Non-biodegradable materials are not combustible
and do not degrade like temporary and semi-permanent fillers do.
By End-Users Outlook:
Based on
the end-users, the dermal fillers market is segmented into specialty &
dermatology clinics, hospitals & clinics, and others. During the forecast
period, it is anticipated that the specialty & dermatology clinics category
will dominate. A significant number of aesthetic operations performed in
dermatology and specialty clinics are responsible for the segment's dominance.
The main driving force for the segment's expansion is this. Furthermore,
because cosmetic operations like wrinkle removal don't require a hospital stay,
these elements are predicted to assist the segment's growth. A large number of
aesthetic procedures, such as face injectables, are performed in hospitals and
clinics, which contributed to the segment's second-highest market share in
2021. A relatively lower market growth rate and market revenue share are
anticipated for the others category throughout the projection period.
REGIONAL OUTLOOK:
On the
basis of geography,
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Throughout the projected period,
North America will continue to be one of the most attractive markets for dermal
fillers. The region's high disposable income, good ability to spend on cosmetic
operations, the presence of top manufacturers and the expanding demand for
non-surgical procedures in the region are some of the main drivers promoting
expansion.
During the projected period,
Europe is anticipated to hold the second-largest market share for dermal
fillers. The region's market is expected to be significantly influenced by the
rising demand for minimally invasive methods of face enhancement in the ensuing
years. Another important factor that is anticipated to increase the regional
market share for dermal fillers is the rising number of product approvals and
product availability.
Due to the rising geriatric
population and rising per capita income, APAC is anticipated to expand at the
fastest CAGR throughout the projection period. Another significant factor that
is anticipated to propel the market in the area during the assessment period is
the increased demand for non-invasive cosmetic procedures and products for
facial aesthetics. Due to the presence of profitable chances that might
accelerate the industry, the presence of growing nations like India, China, and
Japan is anticipated to significantly enhance the regional market.
By Key Competitors and Market Share Analysis:
To increase their consumer base in the worldwide market,
the majority of significant competitors are implementing a variety of competitive
methods, including acquisition, mergers, and alliances. They are also
emphasizing expanding their product lines. Numerous advances and product
innovations are anticipated as a result of the rising demand for minimally
invasive cosmetic procedures, giving them an advantage over their rivals.
- In March 2021,
with a modified administration regimen, Galderma announced the
reintroduction of Sculptra (injectable Poly-L-lactic acid) in Europe.
- In February 2021,
the injectable hyaluronic acid filler BELOTERO BALANCE (+) with lidocaine
has been launched in the United States, according to Merz Esthetics.
The following are some of the major market players
operating across the globe:
o
o Sinclair
Pharma PLC
o Zimmer
Biomet Holdings
o Allergan
PLC.
o Merz
Aesthetics
o Anika
Therapeutics
o Suneva
Medical Inc.
o Laboratories
Vivacy SAS
Report Covering |
Details |
Market size value in 2021 |
USD 46.43 billion |
Revenue forecast in 2030 |
USD 74.90 billion |
Growth rate |
CAGR of 5.53 % from 2022 to 2030 |
Base year for estimation |
2021 |
Historical data |
2017 - 2020 |
Forecast period |
2022 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
Report coverage |
Market dynamics such as Drivers,
Restraints, Market Trends and Opportunities,
Revenue size, market share, company ranking, competitive landscape,
geographical presence, recent developments, strategic initiatives, and
overall contribution to the market. |
Segments covered |
Application, Product,
End-Users, Region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; and Middle East & Africa. |
Country Scope |
U.S.; Canada; Germany; France; U.K.; Italy; Spain; China; Japan; India;
South Korea; Mexico; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South
Africa |
Key companies profiled |
Galderma Pharma S.A., Sinclair Pharma PLC, Zimmer Biomet Holdings,
Allergan PLC., Merz Aesthetics, Anika Therapeutics Suneva Medical Inc.,
Laboratories Vivacy SAS. |
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SEGMENTS COVERED IN THE REPORT ARE
AS FOLLOWS:
This report projected revenue growth at the global,
regional, and country levels and provides an analysis of the latest industry
trends and opportunities in each of the sub-segments from 2017 to 2030. For
this study, Quintile Insights has segmented the global dermal fillers market
report
Application Insights: Revenue in USD Million (2017 - 2030)
o Scar Treatment
o Wrinkle Correction Treatment
o Lip Enhancement
o Restoration of Volume/ Fullness
o Others
Product Channel Insights: Revenue in USD Million (2017 - 2030)
o Biodegradable
o Non-Biodegradable
End-Users Insights: Revenue in USD Million (2017 - 2030)
o Speciality & Dermatology Clinics
o Hospitals & Clinics
o Others
Regional Insights: Revenue in USD Million (2017 - 2030)
o North America
U.S.
Canada
o Europe
U.K.
Germany
France
Italy
Spain
o Asia Pacific
Japan
China
India
Australia
South Korea
Singapore
o Latin America
Brazil
Mexico
Argentina
Colombia
o Middle East & Africa
Saudi Arabia
UAE
South Africa