Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Dermal Fillers Market Research Report.
Dermal fillers help to reduce fine facial lines and wrinkles restoring volume and fullness of the face. These can be very helpful in those with early signs of aging, or as a value-added part of facial rejuvenation surgery. Over the last decade, the dermal fillers market is growing pervasively mainly due to the strong desire among consumers to reconstruct contour deformities in the face and thus to achieve youthful appearance and look.
With the rapidly changing dynamics of beauty, people are increasingly becoming conscious of their looks. Simultaneously, factors such as the influence of fashion, media & entertainment industry along with the peer pressure for appearance and beauty encourage the adoption of dermal fillers. The increasing uptake of these procedures creates a full-fledged market for dermal fillers, allowing the market to flourish on the global platform.
Acknowledging the kind of growth this market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global dermal fillers market will reach USD 10,008.4 Mn. by 2023 at a CAGR over 12% during the review period (2017 -2023).
Its injectable, easy, painless, and non-invasive procedure by nature have helped dermal fillers to garner huge popularity across the world. Over the period, dermal fillers have become far beyond than supplementing facial volume and filling in the creases like wrinkles and folds. Performed by the experts/ cosmetic surgeons only dermal fillers treatments have seen a significant rise in the number of cases performed worldwide. As a result, once considered as a part of the cosmetic surgery, dermal fillers treatments have emerged as a mainstream market now.
Augmenting demand for dermal fillers treatments along with the technological advancements happening in the facial rejuvenation industry fosters the market growth majorly. The growth of the medical tourism market and formation of tourism clusters such as Miami, Bangkok, etc. has not only provided exposure to dermal fillers but have also created a high point demand for these treatments.
Additional factors substantiating the market growth include the growing population, aging population, and urbanization, worldwide. Simultaneously, improving economic conditions are impacting the market growth positively, enabling access to the quality life with the increasing consumers’ purchasing power. Furthermore, factors such as the growing prevalence of obesity, accidents, along with the increasing number of dermal fillers hospitals and the safety margin these facilities offer act as a major driving force to the market growth.
Global Dermal Fillers Market - Segments
MRFR has segmented its analysis into three key dynamics for the convenience of understanding.
By Types : Hyaluronic Acid, Botulinum Toxin, Polymers & Particles, and Collagen among others.
By Applications: Face-Lift, Lip Treatments, and Facial Line Correction Treatment among others.
By Regions : Europe, North America, APAC and Rest-of-the-World.
Global Dermal Fillers Market -
Geographically, North American regions account for the leading market for dermal fillers followed by the European and Asia Pacific region, respectively. The dermal fillers market in this region is heading with the support of the US market which is growing significantly backed by the high spending and growing uptake of dermal fillers.
In 2016, the US dermal fillers market had valued at USD 1,074.0 MN. witnessing, substantial investments in R&D activities and technologically advanced products. The dermal fillers market in North America is expected to reach over 3,700 Mn. USD by 2023.
The European region, accounting for the second-largest market for dermal fillers witnesses a substantial growth due to high per capita income and strong healthcare penetration in the region. The strong market growth in countries such as Germany & France drives the growth of the regional market to an extent. Backed by the wide uptake of new products and advanced therapies, the European dermal fillers market is estimated to evaluate at 10,000 MN USD by 2023.
The dermal fillers market in the Asia Pacific region has emerged as one of the promising markets, globally. Factors such as spreading awareness towards these aesthetic treatments, and improving per capita income are substantiating the market growth. India and China backed by the ever-increasing population, economic growth, and the burgeoning medical treatment market account for the major contributing economies across the region.
Furthermore, South East Asian countries such as Vietnam, Malaysia, and Thailand are significantly contributing to the growth of the regional market with their burgeoning medical tourism markets
Dermal Fillers Market - Competitive Analysis
The highly competitive market of dermal fillers appears to be diversified with the presence of a large number of players having a global presence. These players are adopting strategic initiatives such as expansion, and product Launch to gain the competitive edge and are tapping the growing markets for expansions.
Leverage to the rising cases of side effects or resistance, players are focusing on innovative products and procedures that would have minimal adverse effects. Also, growth opportunities in the market are encouraging these players to target emerging applications.
Some of the eminent leaders of the market include Dr. Korman Laboratories (Israel), GALDERMA (Switzerland), ALLERGAN (Republic of Ireland), Merz Pharma (Germany), Teoxane laboratories (Switzerland), Sinclair Pharma (UK), and Integra Lifesciences (US).
October 03, 2018 – Allergan, Inc. (Ireland), a leading global leader in developing, manufacturing and commercializing branded pharmaceuticals, devices, biologics, surgical and regenerative medicine products launched a new advertising campaign for its product - JUVÉDERM which is a dermal filler collection.