Dermal Fillers Market Overview
The global dermal fillers market is estimated to acquire USD 6,899.16 Million at a healthy CAGR of over 13.2% during the review timeframe. The dermal filler market has experienced a rapid surge in the growth rate in the last few years. The market’s growth is mainly being driven by the growing demand for cosmetic surgeries across the globe. Furthermore, the factors such as ongoing technological development in dermal fillers and growing facial surgeries by women & men are also projected to boost the market’s growth over the coming years. However, the high cost of these fillers is likely to impede the market’s growth.
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Dermal Filler Market Segmental Analysis
Hyaluronic acid is predicted to grow at the highest CAGR in the type segment of the global dermal fillers market during the forecast period. Additionally, the segment had the highest market value of USD 1,154.96 million in 2018. During the review period, the segment’s increased innovation and new product releases are likely to boost market expansion.
The lip treatment and facial line correction treatment segments of the global dermal fillers market are expected to generate significant market value during the projected period. The increasing demand for aesthetic beauty and women’s increased awareness of beauty are expected to propel the sectors during the assessment period.
Dermal Fillers Market Regional Analysis
The global market for dermal fillers is examined across four major regions: Europe, the Americas, Asia-Pacific, and the Middle East & Africa.
As per the MRFR analysis, the American region is anticipated to secure the top position in the global market for dermal fillers over the forecasted era. The regional market’s growth is mainly credited to the rising demand for cosmetic products. Furthermore, the growing need for minimally invasive facial procedures and mounting clinical trials to innovate skin beauty products are projected to boost the demand for dermal fillers over the coming years. the US is projected to be the top revenue pocket across the region.
The dermal fillers market for the European region is anticipated to hold the second position over the forecasted timeframe. The regional market’s growth is primarily attributed to the increasing demand for minimally invasive methods to beautify the face. Furthermore, factors such as easy availability of products and the growing number of product approvals are also likely to fur the regional market’s growth.
The dermal fillers market for the Asia-Pacific region is anticipated to register the highest growth rate over the coming years. the regional market’s growth is primarily credited to the expanding geriatric population across the region. Furthermore, the increase in the per capita income is also projected to boost the regional market’s growth over the coming years. in addition, factors such as the growing demand for facial aesthetics products, the presence of developing nations, and the increasing demand for non-invasive cosmetic procedures are also likely to have a positive influence on the regional market’s growth.
The dermal fillers market for the Middle East & African region is anticipated to register the least CAGR over the assessment era. The slow growth of the regional market is due to the lack of awareness and limited access to limited facilities. On the other hand, the increasing launch of new products in some parts and the presence of untapped market opportunities across the region are likely to change the market scenario over the review period.
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Dermal Filler Market Competitive Dynamics
The notable players of the 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)
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