DUBAI, United Arab Emirates, Growing inclination towards non-invasive procedures and increasing efficiency of dermal fillers have been driving the dermal fillers market.
DUBAI, United Arab Emirates, Growing inclination towards non-invasive procedures and increasing efficiency of dermal fillers have been driving the dermal fillers market. Future Market Insights (FMI) in a new study has projected the market to reach US$ 4.04 Bn by the end of 2021. The application of dermal fillers ranges from better aesthetic outcomes to the treatment of forehead augmentation.
The use of dermal fillers is not restricted to facial skin procedures, it also includes various derma aesthetic procedure treatment. Moreover, an increase in the number of non-invasive aesthetic surgeries and an increasing number of aesthetic surgeons are expected to be important factors for surging the demand for dermal fillers.
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According to the Plastic Surgery Statistics Report, in 2019, there were around 13,618,735 non-surgical procedures performed by plastic surgeons worldwide.
Additionally, increasing awareness concerning the dermal fillers in emerging countries, the emergence of new products and new indications are enabling growth. Besides this, the rising aging population is one of the major factors that is rapidly fuelling the demand for dermal fillers. The rising demand for anti-ageing treatment to effectively diminish the signs of ageing and facial treatment will keep the demand for dermal fillers high.
FMI has projected absorbable dermal fillers to remain most preferred. It is expected to account for over 99% of dermal fillers sold through 2031.
Key Takeaways of Dermal Fillers Market Study
- The global dermal fillers market will continue expanding at a steady pace. FMI has projected the market to exhibit 2.8% Y-o-Y growth in 2021
- The U.S. is one of the key markets for dermal fillers, accounting for over 89% of North America market in 2021
- Demand for dermal fillers is expected to remain significantly high in the U.K. FMI has projected it to exhibit over 5% Y-o-Y growth in 2021
- Germany and France are other lucrative markets for dermal fillers in Europe
- Dermal fillers sales in Japan are expected to be considerably high. South Korea too will continue exhibiting rising demand for dermal fillers
“Achieving approvals from international organizations and product launches are among key strategies adopted by the market players. They are primarily focusing on catering to the demand for non-invasive cosmetic procedures among patients,” says the FMI Analyst
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Who is Winning?
The administrative endorsement for new items is one of the key variable liable for gigantic contest among market players around the world. A portion of the main market players have been zeroing in on item dispatches. Other than this consolidations and acquisitions and joint effort stay the vital patterns among market players expecting to internationally grow their impression.
For example, AbbVie Inc., gained Allergan Esthetics, the beginning of the fulfillment of its procurement of Irish-domiciled drug organization in January 2020. Allergan Esthetics would work as another worldwide devoted business with its examination and advancement work including stylish items, botox Cosmetic, the Juvederm assortment of dermal fillers, and Coolsculpting body shaping.
Additionally, Revance Therapeutics marked a select U.S. appropriation arrangement in January 2020 with Teoxane SA for its creative Resilient Hyaluronic Acid items like RHA2, RHA3, and RHA4. Thus this arrangement would extend the Teoxane’s tasteful items deals.
In Oct 2020, Sinclair Pharmaceuticals Ltds. consented to an essential distributorship arrangement with Tamer Group KSA, proposing to grow its tasteful profile deals impression in the Middle East and Africa with its restrictive merchant in Saudi Arabia.
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More Valuable Insights on Dermal Fillers Market
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each segment from 2014 to 2029. The global dermal fillers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on dermal fillers market on basis of product type (absorbable, non-absorbable), by ingredient (hyaluronic acid, poly-L-lactic acid, calcium hydroxylapatite, polymethyl methacrylate, and collagen), and distribution channel (retail pharmacies and drug stores, clinic and hospital pharmacies, online pharmacies), across seven major regions.
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Non-Hyaluronic Acid Dermal Filler Market - Cosmetic plastic surgery is commonly used these days, as it helps to restore the youthful appearance. It includes both surgical and nonsurgical procedure to enhance and reshape structures of the body to improve appearance and self-confidence. Candidates for cosmetic procedures include healthy inpiduals with a positive outlook and realistic expectations.
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