Global Dermal Fillers Market

The global Dermal Fillers market was valued at USD 2.84 billion in 2020 and is expected to reach USD 6.26 billion with a CAGR of 10.8 % during the forecast period, 2021-2027. The moving demand for dermal fillers is primarily driven by increased safety profiles and the relative longevity of dermal fillers. Other factors donating to the global market growth are the increase in the geriatric population and the external environment factors leading to the heightened aging of the skin. The global dermal fillers market report elaborates a holistic evaluation of the market, competitive landscape, and factors having a substantial role. The key elements for the market growth are the growing interest in cosmetic procedures, increasing use of facial soft tissue trauma, and concerning research and development in dermal fillers.

What is Dermal Filler?

Treatment for various skin-related problems is done through a dermal fillers procedure. Dermal fillers are minimally treated procedures used as antiaging solutions to overcome facial lines and restore resolution. These are soft tissue fillers injected into the skin to overcome skin-related problems such as scars, wrinkles and smoothen the skin using various dermal fillers such as hyaluronic acid, polymers and particles, and collagen. Dermal filler procedures can do abolition of wrinkles, scars, skin smoothening and other methods. Numerous women are their fore rapidly seeking antiaging treatment, as dermal filler effectively diminishes the aging signs. Though the side effects, the growth in this market in technology, the market has been seeing a boost in its growth. Moreover, dermal fillers are the ideal solutions for plumping the cheeks and lips, improving the facial contours and filling in-crease and lines.

Growth Drivers

The surge in demand for minimally invasive cosmetic procedures to upgrade market expansion

One of the most crucial market drivers to the global market growth is the substantial increase in the demand for facial aesthetics. Individuals have sought safe and comparatively painless procedures for a youthful appearance and healthy visage in recent times. Since invasive cosmetic surgeries often have several risks attached and often require the patient to take additional days to recover from the surgery. According to the American Academy of Facial Plastic and Reconstructive surgery (AAFPRS)’s yearly survey. Various companies forms in aesthetics are increasingly launching products to meet the growing demand for medical aesthetics. Such strong statistics further manage the significant increase in the demand for aesthetic procedures and are also anticipated to increase demand for these procedures due to the increased awareness.

Increasing consent of Dermal Fillers for correction of facial augmentation will boost the usage rate.

Lip enhancement is rapidly acquiring popularity, with the segment progressing at 8.7% CAGR from 2020-2026. Dermal fillers are being commonly used for lip augmentation among women for achieving plumper and fuller lips. Additionally, fillers impart natural looks to the lips at affordable cost and thus will rapidly adopt in the market in the future. Numerous market players are developing novel dermal fillers that are physiologically acceptable, possess fewer complications, and are long-lasting. With a growing elderly population base, the market demand for facial line correction will grow robustly in the forthcoming years.

Increased regulatory approval for Dermal Fillers is expected to drive global dermal fillers market growth.

FDA only approves dermal fillers. The FDA has to permit dermal fillers for use in adults 22 years of age or more for the following purposes. Absorbable fillers are approved for moderate to several facial wrinkles and skin conditions. Non-absorbable fillers are only accepted for the treatment of nasolabial folds and acne scars. All dermal filler packets should be thoroughly checked for authenticity, according to the FDA. Over 23 million aesthetic procedures were held worldwide in2018.

Opportunities

Emerging countries such as China, Brazil, Mexico, and India present significant opportunities for players are moving into the medical aesthetic market. These countries’ urging for medical aesthetic devices is due to rapid medical tourism growth, the growing adult population, increasing disposable incomes, and growing awareness about aesthetic specialties. The presence of many surgeons in these emerging countries contributes to the growth of the medical aesthetics market. Social stigmas with cosmetic treatments are mainly due to negative perceptions toward aesthetic procedures and the availability of religious and ethical concerns related to some aesthetic treatments such as alternations, augmentations, erasures, and fillings.

Restraints

In the past two decades, medical aesthetic methods have become highly popular. The market has noticed significant growth in the demand for aesthetic treatment due to the rise in the count of doctors and surgeons providing safe and worthwhile medical aesthetic treatments and the launch of technologically advanced products. However, medical aesthetic procedures are associated with various possible side effects. Patients undergoing aesthetic treatments may face several risks and complications after or during the procedure.

Pre Covid-19 impact on the global dermal fillers market

The global pandemic has negatively impacted the operational outline of many industries and markets, including the dermal filler market. Hindered by the pandemic, social distancing norms, and curfews, the massive disturbances in the operations and the supply chain networks can be seen hampering the market’s growth. The global impact of the COVID-19 crisis is proposed to bit by bit fade away as economies are trying to make their way through the pandemic. Due to virtual consultations, the cosmetology, and dermatology sectors, the market is slowly gaining traction. It is unpredictable to say how long the situation may persist this way. Nonetheless, our research report’s in-depth analysis will help you gain valuable insights into this niche market.

Covid-19 impact on the global dermal fillers market

The COVID-19 pandemic has had a wide-ranging impact on daily life. During this time, the working capacity of aesthetic and cosmetic surgery practices has been significantly down or closed. In addition, many cosmetic facilities and clinics were closed due to nationwide lockdown. The COVID-19 pandemic has significantly impacted many aspects of life, including a drop in interest in medical aesthetics, as the increasing number of coronavirus reduces the count of cosmetic surgeries. Furthermore, in some countries, the lack of social. Communication during quarantines influences people’s desire to seek cosmetic treatments. According to the evaluation, the global dermal fillers market is predicted to experience a negative impact due to the coronavirus outbreak. The market in 2020 is likely to witness a drop of 40% as compared to 2019. The growing number of coronavirus reduces the number of aesthetic surgeries, negatively impacting the dermal fillers market size.

Post Covid-19 impact on the global dermal fillers market

Pharmaceutical and biotech companies, together with governments across the globe, are working to know the COVID-19 outbreak, from keeping up the development of vaccines to the roadmap for medicine supply chain challenges. At present, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, generally used drugs such as Hydroxychloroquine have witnessed a massive surge in demand for the management of COVID-19. Such high demand for these drugs has come up with a huge opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short. Due to the high preference for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is expected to grow smoothly in the future. Considering these factors, COVID-19 is expected to have a significant impact on the dermal filler market.

By Material Segmental Analysis

The global dermal fillers market is bifurcated into hyaluronic acid, calcium hydroxyapatite, poly-l-lactic acid, fat fillers, etc. Hyaluronic acid accounts for the highest global dermal fillers market share due to its high performance in dermal fillers. The latest product launches for hyaluronic acid are managing the segment, and the same is witnessed to move the global dermal filler market trend during the forecast period. Some of the various factors that are likely to drive the growth of the hyaluronic acid segment are the low risk of allergic reactions, the non-requirement of skin testing, and the compression of other milder side effects, if at all.

By Product Segmental Analysis

Based on the product, the global dermal fillers market is segmented into Biodegradable and Non-Biodegradable. Biodegradable Dermal Filler Market is anticipated to donate the largest share market in 2019. These injectable fillers are options due to their safety and enhanced effectiveness. The non-biodegradable segment will progress at a significant CAGR during the forecast years. Non-Biodegradable fillers give fruitful results that are visible for 6 to 24 months. With the increasing uses of long-lasting cosmetic treatments, the market demand for non-biodegradable fillers will increase in the upcoming period.

By Application Type Segmental Analysis

The application is bifurcated into a facelift, facial line correction, and lip enhancement based on the application. Lip enhancement is gaining popularity, with the segment progressing at a significant CAGR from 2020 to 2027. The wrinkle segment correction was the most promising segment in terms of application due to the high demand for these procedures. Dermatologists use a polydensified facial filer to correct nasolabial wrinkles, oral commissures, and any deformity on the face.

End-User Segmental Analysis

The market based on the end-user is segmented into specialty dermatology clinics, hospital & clinics, and others. The specialty & dermatology clinics segment is likely to account as the dominant segment during the forecast period. The segment’s dominance is because many cosmetic procedures are preferred in specialty and dermatological clinics. This is the factor for the growth of the segment.

Region Segmental Analysis

The global dermal fillers market is characterized by North America, Asia Pacific, Europe, Middle. East, & Africa, South America. North America is accounted for the largest share in the forecast period. Some of the regions for the dominance of this region include highly aware and economically stabled population coupled with a comparatively high number of cosmetic procedures performed in the region.

Competitor Analysis

Companies include Allergan plc, Shanghai Bio ha Technology Co. Ltd., Merz Aesthetics, Huon’s, Galderma S.A., Suneva Medical, Syneron Medical.  are the prominent key players in the global dermal fillers market. Key Stakeholders

• Market research and consulting firms
• Local governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Developments

• In Oct 2020, Luminera Dermal Fillers were acquired by Allergan Aesthetic. As a result, it has obtained a new line of dermal fillers containing HA and CaHA.

• In May 2020, Galderma announced that the US Food and Drug Administration had approved Restylane Kysse for lip augmentation and the correction of upper perioral rhytids in adults over the age of 21.
• In Apr 2019, Merz launched the new Belotero® Revive Dermal Filler, which contains a mixture of HA and glycerol
• In April 2019, Allergan plc announced that Juvederm VOLUMA XC with TSK STERiGUDE cannula had received FDA approval for check augmentation in persons over the age of 21

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 2.84 Billion
The revenue forecast in 2027	USD 6.26 Billion
Growth Rate	CAGR of 10.8 % from 2020 to 2027.
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Allergan plc, Shanghai Bio ha Technology Co. Ltd., Merz Aesthetics, Huon’s, Galderma S.A., Suneva Medical, Syneron Medical

Market Modelling

By Material

• Hyaluronic Acid
• Calcium Hydroxyapatite
• Poly-l-lactic Acid
• PMMA
• Fat Fillers
• Others

By Application Type

• Scar Treatment
• Wrinkle Correction Treatment
• Lip Enhancement

By Product Type

• Biodegradable
• Non-Biodegradable

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

By End-User

• Speciality & Dermatology Clinics
• Hospitals & Clinics

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