Dermal Fillers Market – Overview
According to MRFR, the Global Dermal Fillers market is expected to accrue USD 10,008.4 Mn. by 2023, registering ~12.5% CAGR during the forecasted period (2018 -2023). Dermal Fillers refers to the corrective measures taken to treat facial deformities, natural (by birth) or occurred due to the accident, surgery or even due to the aging. Hyaluronic acid is a naturally occurring substance in the skin that helps provide fullness and elasticity. It diminishes with age, causing the skin to lose volume while increasing the chances for wrinkles to appear. In such a scenario one needs more than makeup and topical anti-aging creams to turn back the effects of time.
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Hence, these facial injectables (dermal fillers) have come into practice to plump up the skin, enhancing the overall youthfulness of facial appearance. Sounding so easy to perform, dermal fillers are far beyond than supplementing facial volume and filling in the creases like wrinkles and folds. Hence, they are performed by the experts/ cosmetic surgeons only. Over the last decade, there has been a significant rise in the number of Dermal Fillers treatments performed worldwide.
The probable factors persuading this rise are the influence of media, fashion and film industry peer pressure for appearance and beauty, and changing dynamics of beauty, etc. Nonetheless, this rise has created a full-fledged, exclusive market space for dermal fillers. Once considered as a part of the cosmetic surgery, Dermal Fillers treatments are a mainstream market now. That too a flourishing market, needless to say.
Acknowledging the value this market is garnering currently and the growth prospect the market is demonstrating worldwide, Market Research Future (MRFR), recently published a brilliant study report giving out the complete market prognosis up till 2023.
Key Players:
Dr. Korman Laboratories
ALLERGAN
GALDERMA
Merz Pharma
Integra Lifesciences, etc.
Global Dermal Fillers Market – Competitive Landscape
The competitive market of dermal fillers appears to be fragmented with a large number of players forming a competitive landscape. These players strive to curtail the cost of the by introducing efficient treatments. The rising cases of side effects/resistance have paved avenues for new treatment development, giving opportunities to the new entrants.
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Hence, these players focus on innovative products & treatments that would have minimal adverse effects while targeting emerging applications to leverage growth opportunities. Increasing number of spurious and counterfeit treatments are challenging the market players, reducing the total market revenues and displacing the standard treatments off the market all at once.
Global Dermal Fillers Market – Segments
The MRFR analysis is segmented into four key dynamics for the convenience of the report and enhanced understanding;
By Types: Botulinum Toxin, Hyaluronic Acid, Polymers & Particles, and Collagen among others.
By Applications: Facial Line Correction Treatment, and Face-Lift, Lip Treatments, among others.
By Regions: North America, Europe, APAC and Rest of the World.
The Botulinum toxin segment accounted for the largest market share in the global dermal filler market while the Hyaluronic Acid segment will grow at 13% CAGR during the forecast period (2017 – 2023).
The Facial line correction treatment segment accounted for the largest market share in the dermal filler market by application; the segment is further expected to garner US$ 4,319 Mn. by 2023.
Global Dermal Fillers Market – Regional Analysis
Geographically, North America accounts for the leading market for Dermal Fillers, possessing the largest market share, followed by Europe & Asia Pacific markets, respectively.
Attributing to the largest contribution from the significantly growing US market the market is growing constantly. The US market is backed by the high expenditure spent on the Dermal Fillers & health care.
Huge investments put into R&D and technologically advanced products, have paid off well and escalating the US dermal fillers market to the valuation at USD 1,074.0 Mn. in 2016. Continuing with the same growth trends, the North America market is likely to retain its dominance during the review period, reaching over 3,700 Mn. USD by 2023.
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