Dermal Fillers Market Growing at a CAGR of 11.5% during Forecast Period 2021 to 2028 | The Insight Partners
The dermal fillers market is projected to reach 9,421.33 million by 2028 from US$ 4,391.98 million in 2021; it is estimated to grow at a CAGR of 11.5% from 2021 to 2028.
Dermal fillers are anti-aging products that are injected into the skin of patients to add volume. They are injected to make the sagging skin or the skin that has become wrinkled because of age look smooth and plump. They are also called injectable facial fillers, injectable cosmetic fillers, or soft tissue fillers. They are made of hyaluronic acid taken from animals or from the fat of the patient. It takes five minutes to an hour to perform dermal filler procedures. Intradermal fillers can be used in dermatological practices with minimal overhead costs. They address the issues such as facial volume loss and dynamic lines, which are the main indications of facial aging. They provide dermatological practitioners with an array of flexible treatment options for balanced and holistic results. An increase in preference for minimally invasive procedures, growth in population belonging to age group 30–65 and rise in consumer attraction toward beauty and wellness are among the main factors fueling the dermal fillers market growth. However, the high cost of surgeries hampers the market growth.
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Some of the Prominent/Emerging Players in Dermal Fillers Market:
AbbVie Inc., Galderma, Merz Pharma, Suneva Medical, BIOXIS pharmaceuticals, HUADONG MEDICINE CO.,LTD, BIOPLUS CO., LTD., TEOXANE LABORATORIES, BIOHA LABORATORIES, and Prollenium Medical Technologies are among the leading companies operating in the dermal fillers market.
Key Questions regarding Current Dermal Fillers Market Landscape
- What are the current options for Dermal Fillers Market?
- How many companies are developing for the Dermal Fillers Market?
- What are the key collaborations (Industry-Industry, Industry-Academia), Mergers and acquisitions, and significant licensing activities that will impact the Dermal Fillers market?
- Which are the dormant and discontinued products and the reasons for the same?
- What is the unmet need for current Dermal Fillers Market?
- What are the current novel therapies, targets, mechanisms of action, and technologies developed to overcome the limitation of existing Dermal Fillers?
- What are the critical designations that have been granted for Dermal Fillers Market?
Dermal Fillers Market Segmental Overview:
Based on product, the dermal fillers market is segmented into biodegradable and non-biodegradable. In 2021, the biodegradable segment is expected to hold a larger share of the market, and it is expected to register a higher CAGR in the market during the forecast period. Biodegradable fillers include collagens, hyaluronic acids (hyalurons), hydroxylapatite, poly-l-lactic acid (PLLA), and cadaveric tissue. These products are safe and are approved by the FDA. JUVÉDERM VOLUMA XC offered by Allergan plc., is a sterile, biodegradable, non-pyrogenic, viscoelastic, clear, colorless, and homogenized gel implant. In June 2020, FDA approved JUVÉDERM VOLUMA XC for enhancement of the chin area.
Based on material, the dermal fillers market is segmented into calcium hydroxylapatite, hyaluronic acid, collagen, poly-l-lactic acid, polymethylmethacrylate (PMMA), fat, and other materials. The hyaluronic acid segment is expected to hold the largest share of the market in 2021, and the collagen segment is anticipated to register the highest CAGR in the market during the forecast period.
The dermal fillers market, by end user, is segmented into dermatology clinics, multispecialty hospitals, ambulatory surgical centers, and others. The dermatology clinics segment is estimated to hold the largest market share in 2021. However, the multispecialty hospitals segment is estimated to register the highest CAGR of 12.0% in the market during the forecast period.
In recent years, the adoption of minimally invasive procedures has increased worldwide. A minimally invasive surgery offers patients several benefits such as smaller incisions, faster recovery times, and reduced pain and scarring. Several minimally invasive dermatological techniques have been developed for facial rejuvenation. Injectable dermal fillers are injected into the upper layers of the dermis to treat superficial fine wrinkles or into the deep dermis or subcutaneous space for facial volume augmentation. Dermal fillers are deposited slowly and steadily. They fill central folds, resulting in a natural, long-lasting outcome. Crease depth, desired effect, and patient's financial situation needs to be considered when deciding the quantity of product to be used. According to statistics provided by the American Society of Plastic Surgeons (ASPS), more than 2.7 million dermal filler procedures were performed in 2019. Further, Allergan stated that the unit sales of dermal filler treatments increased by 17% in.
Age plays a significant role in defining the specific needs of medical esthetic procedures; adults more often request minimally invasive methods. Moreover, people aged 35–55 years prefer minimally invasive esthetic procedures over surgery. Plastic surgeons are becoming more willing to explore them, and minimally invasive cosmetic and esthetic procedures are now an established interdisciplinary topic. The rise of non-surgical technologies and new treatment options has made esthetics more accessible to a broader audience. Patients in their 20s and 30s are helping fuel this trend.
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