The rising demand for minimally-invasive procedures aiding the growth of the
global dermal fillers market. Fortune
Business Insights in a new report, titled “DERMAL FILLERS: GLOBAL MARKET ANALYSIS, INSIGHTS AND
FORECAST, 2019-2026” suggests that the global market will rise at a CAGR of 7.8%
during the forecast period, 2019-2026. The growing awareness about dermal
fillers treatment in developed as well as developing countries will help the
market reach US$ 6303.2 Mn by 2026.
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Furthermore, the global market was worth US$ 3471.5 Mn in 2019. According to
the American Society of Plastic Surgeons (ASPS), over 15.9 million people in
the U.S. underwent minimally-invasive cosmetic surgical procedures in the year
2015. The increasing efficiency of dermal fillers is encouraging the
next-generation people to invest in these surgeries.
Dermal filler procedures help to
treat different skin related concerns such as minimizing the appearance of
wrinkles and lines. It also adds fullness to areas that have thinned with
aging.
"North America Leads Gains Owing to Growing Demand for
Advanced Dermal Fillers"
In 2018,
the market in North America was worth US$ 1,596.8 Mn. Driven by the growing
demand for innovative and advanced dermal fillers, the region is expected to
lead global market through the forecast years. As per a study conducted by
ASPS, more than 2 million people in the U.S. underwent hyaluronic acid
procedures. Increasing awareness about soft tissue fillers treatment in the
U.S. is expected to drive the market in North America. Extensive availability
of products in this region is positively impacting the growth of the market.
Apart from
North America, the market in Asia Pacific is also growing substantially in the
forecast years. The rising demand for aesthetics in China and India is creating
growth opportunities for the market in Asia Pacific. In addition to this, the
awareness about the effectiveness of dermal fillers for acne scars, lips, and
cheeks is increasing gradually, which is driving the market in this region. Key
market leaders in India and China are adopting strategies such as new product
launches, augmenting demand for dermal fillers.
"Demand for
Dermal Fillers to Rise Among Millennials Propelling Growth in the Market"
Growing aging population across the
world positively impacts the growth of the market. Increasing number of aged people
are undergoing dermal filler therapy to uplift drooping skin and restore lost
volume. Continuous support from governments to R&D initiatives and recent
regulatory approvals will spur growth in the market.
“The dermal fillers market is driven
not only by the relative longevity of tissue fillers, but it is also
predominantly driven by increasing safety profiles,” said a lead analyst at
Fortune Business Insights. “Market players are constantly focusing on
innovating and upgrading their product portfolio to ensure accurate and
improved aesthetic outcomes for patients,” he added.
Driven by continuous innovations and
advancements, even millennials find dermal filler treatment appealing. This
will further fuel demand for dermal fillers in the forecast period.
"Product
Launches by Market Players to Accelerate the Market Growth"
The report profiles some of the key players
in the global dermal fillers market. These include BioPlus Co., Ltd., Galderma
laboratories, Bioxis pharmaceuticals, Cynosure Inc., Suneva Medical, DR. Korman,
Sinclair Pharma, ALLERGAN, Merz Pharma, and CANDELA CORPORATION. Among these,
ALLERGAN was leading the global market in 2018 encompassing a large number of
specialized and technologically-advanced products. The company offers a JUVÉDERM
collection of dermal fillers, which includes lip enhancement and wrinkles
correction. Moreover, the company launched Juvéderm VOLUX to reduce
fines lines on jawline and chin.
Read More in this Press Release:
Another company called Merz Pharma recently
launched a dermal filler product called Belotero Revive to meet the unique skin
requirements of aesthetic patients. Such product launches are expected to help
companies broaden their product portfolio, which will stimulate growth in the
market.
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