Rapid increase in the number of facial filler procedures boosts the use of dermal fillers in injectable cosmetic treatments
Wilmington, Delaware, United States, Oct. 31, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global buy dermal fillers was valued at USD 5.1 billion in 2021 and is projected to grow at a CAGR of 10.3% from 2022 to 2031.
Dermal fillers are used by facial plastic and reconstructive surgeons to reduce the signs of aging. Dermal fillers are effective in restoring volume and fullness to the face. The dermal filler industry is experiencing significant growth due to advances in standard guidelines for the use of face and lip fillers in the US and the UK. procedures, including those involving facial fillers.
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Social media is significantly influencing the development of aesthetic medicine in both developed and developing countries. A large percentage of people are willing to undergo cosmetic surgery because of the boosts from social media platforms. In addition, social media is increasingly being used as a powerful advertising method for cosmetic treatments. Soft tissue injection has become one of the common corrective interventions in facial lipoatrophy (i.e. facial rejuvenation treatment with fat restoration). The trend is likely to offer lucrative business opportunities to companies in the coming years. The demand for dermal filler procedures in hospital settings is expected to increase significantly in the near future. On the basis of end-user, the hospital segment held the largest share in 2021. This trend is expected to continue in the coming years.
Key findings of the study
High preference for dermal fillers based on hyaluronic acid
In terms of material, the hyaluronic acid segment was found to hold the leading market share in 2021. The segment is projected to expand rapidly during the forecast period. Significant preference for hyaluronic acid (HA) dermal fillers in facial rejuvenation procedures is expected to boost the segment. HA-based dermal filler is an effective and safe, non-permanent injectable device/implant used to fill fine lines and wrinkles and add curves and contours to the face. The introduction of advanced HA gels suitable for the treatment of dynamic wrinkles is expected to propel the growth of the segment in the coming years.
Increase in the use of biodegradable dermal fillers for facial rejuvenation,
Biodegradable soft tissue fillers are widely preferred by consumers looking for affordable and safe facial rejuvenation procedures. Biodegradable dermal fillers are considered safer in terms of common side effects than non-biodegradable ones. On the basis of product, the biodegradable segment accounted for the leading market share in 2021.
Key Drivers of Dermal Fillers Market
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Increasing demand for minimally invasive cosmetic procedures is a key driver of the market. Continuous advancements in soft tissue augmentation techniques and an increase in the number of clinical trials focusing on the safety of injectable implants are expanding the market outlook.
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Private equity firms invest in plastic surgery service providers that offer non-surgical cosmetic medical spa services. This accelerates consumer access to non-surgical cosmetic procedures. Growth in private equity investment is expected to fuel the dermal fillers market. Leading plastic surgery providers/centers in developed countries are also involved in acquiring cosmetic surgery centers and medspas to increase market share.
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Regional Landscape
North America held the leading market share in 2021. Together with Europe, the region accounted for more than 40.3% share of the global dermal fillers market in 2021. Research and development activities in hyaluronic acid (HA) fillers have progressed rapidly in last few years in both these areas. The increase in the number of licensed healthcare providers offering non-surgical aesthetic treatments in the US is positively impacting the market demand dynamics in North America. A number of US FDA-approved uses of dermal fillers are expected to help broaden the canvas for investment by market players.
Asia Pacific is predicted to be a lucrative market for dermal fillers during the forecast period. The increase in revenue for companies in the region can be attributed to the significant demand for anti-aging procedures, especially in India and China.
Competition Landscape
Leading players are focusing on new product development to increase their market share. Prominent companies invest in mergers and acquisitions, partnerships and collaborations in order to consolidate their position in the market.
Key players operating in the dermal fillers market are;
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AbbVie Inc.
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Sinclair Pharma
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Merz Pharma
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Galderma
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BioPlus Co. Ltd.
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Bioxis Pharmaceuticals
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Dr. Korman
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TEOXANE LABORATORIES
Segmentation
The global dermal fillers market is segmented on the basis of
Product
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Biodegradable
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Non-biodegradable
Material
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Calcium hydroxylapatite
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Hyaluronic Acid
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Collagen
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Poly-L-lactic acid
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PMMA
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Fat
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Others
Application
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Correction of facial lines
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Lip enhancement
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Scar treatment
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Others
End user
Area
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