Dermal Fillers Market Outlook
The dermal fillers market is anticipated to reach USD 6,899.16 Million at a CAGR of 13.2% over the assessment period, believes MRFR (Market Research Future). The market expansion is majorly bolstered by the heightened preference for minimally invasive aesthetic procedures. This is especially the case in emerging countries like Brazil, China, and India. In developed economies, majority of the dermal fillers companies is focused on product innovation, with the aim to ensure optimum patient satisfaction, which should have a positive impact on the worldwide dermal fillers market.
Mounting number of healthcare facilities worldwide that offer sophisticated aesthetic treatments and the continuous upgradations in the infrastructure facilitate the progress of the dermal filler industry. Over the last decade, a notable rise in the number of facilities like medical spas, rejuvenation centers, and clinics has been witnessed in developed and developing economies. This has helped raise the use of a variety of non-invasive dermal treatments provided by these facilities due to several benefits such as cost-effectiveness and shorter duration of treatment. Plus, the escalating number of cosmetic professionals like dermatologists as well as plastic surgeons could further augment the dermal fillers market position.
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Furthermore, the rapidly mushrooming population of baby boomers should prove to be a great opportunity, since ageing brings along numerous physiological skin issues including fine lines, wrinkle, and sagging. The booming female populace going for anti-aging treatment like dermal fillers to deal with aging signs, should benefit the worldwide dermal fillers market as well.
Dermal Fillers Market Segmentation
The type-wise segments are Collagen, Polymers & particles, hyaluronic acid, as well as Calcium hydroxylapatite.
The leading brands are Radiesse, Juvederm, and Restylane.
Top applications of dermal fillers include Lip Treatments, Facial Line Correction Treatment, and Face-Lift.
Dermal Fillers Market Regional Study
America is all set to be the dermal fillers market leader in subsequent years, on account of the significant healthcare spending and the strong government support for research & development activities. Rise in FDA approvals, soaring number of product launches, massive demand for technically sophisticated treatments and the high cognizance of cosmetic treatments among people adds considerable value to the markets in Canada and the United States.
The second place in the worldwide dermal fillers market has been secured by Europe, as the region has numerous reputed brands that offer highly innovative products. Substantial public awareness, sound economic status and the social media popularity contribute majorly to the European market’s growth. The skilled medical fraternity, flourishing cosmetic industry and the emerging beauty standards in the region further encourage business growth.
MRFR expects the Asia Pacific to gather momentum at the fastest pace in the global dermal fillers market. Asia Pacific is seeing improving economic standards, along with a surge in healthcare expenditure, which fosters the market value to a great extent. On top of that, the rise in government efforts with respect to research & development activities and the major companies in China and India constantly working on meeting with the demand for highly effective treatment are significant growth boosters too. Besides, the thriving cosmetic and dermatology industries, soaring number of medical spas as well as rejuvenation centers and the impressive growth of the medical tourism sector in the region also bolster the demand for dermal fillers.
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Dermal Fillers Market Key Players
SciVision Biotech Inc. (Taiwan), Dr. Korman Laboratories (Israel), Sinclair Pharma (UK), Allergan (Ireland), Teoxane Laboratories (Switzerland), Galderma Laboratories, LP (Switzerland), Merz Pharma (Germany), Medytox (South Korea), Suneva Medical (US) are listed in the MRFR analysis as the top dermal filler developers and distributors in the worldwide dermal fillers market.
At Your Leisure Aesthetics, a renowned provider of premium dermal filler and injectable cosmetic treatments in Scottsdale, Arizona, has launched a new line of options, which now include jawline, cheek and lip treatments.
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