August 4, 2020

Dermal Fillers Market 2020: Technology Advancement, In-Depth Analysis

Dermal Fillers Market Insight

Market reports associated with the healthcare sector has been released by Market Research Future. It states that the global dermal fillers market is set to expand at a higher CAGR during the forecast period until 2023. The inclusion of multiple dermal fillers over the years, along with its wide spectrum applications have bolstered the market growth substantially. According to the study of MRFR, the global dermal fillers market is currently being valued over USD 4,900 Mn, which is anticipated to spread in the forecast period backing with influential factors.

Dermal Fillers Market Drivers & Trends

The elevated demand dermal fillers for a facial aesthetic, which includes face-lift and facial line correction has been one of the primary factors for market growth. These procedures are highly practiced in developed countries that have boosted the market to expand considerably. Intensive efforts in research & development by aesthetic companies has don wonders for the global dermal fillers market growth. They have stood stronger to the growth of the market and are capitalizing the market at a steady pace.

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The boost of the new materials, new techniques, and new filler devices are yet another essential driver to the market growth. Apart from this, the increased acceptance of tissue fillers, across the world, is favoring the market players and enhancing the market position. More positive notions about the growth of the market come in from increased sustainability of dermal fillers owing to the factors such as the expansion of geriatric population, rising disposable income and improved procedure quality and have paved ways for more new techniques to come in the future.

Furthermore, advances in surgical technology have also made such procedure safer and effective than ever before that has to bring fortune to the market position in the current years.

On the flip side, factors such as non-assurance of zero side-effects remain to be a key area of concern, and high cost of surgery and regulatory norms can also pose as formidable challenges for the market growth in the forecast period.

Dermal Fillers Market Segmentation

MRFR’s report includes a comprehensive segmental analysis of dermal fillers market based on types and application.

In terms of types: It includes botulinum toxin, hyaluronic acid, polymers & particles, and collagen. Among these, the botulinum toxin segment is probable to remain the most profitable segment with the expectation to reach a valuation of more than US$ 4600 by 2023-end. Whereas, the hyaluronic acid segment is anticipated to record the fastest growth rate during the assessment period.

In terms of application: It includes lip treatments, facial line correction treatment, face-lift, and MANY more. The facial line correction treatment segment, in 2016 has recorded to gain the largest market share and now was likely to reach a valuation more than US$ 4300 Mn by the year 2023. The face-lift segment is also likely to remain highly attractive since 2018 and beyond by having a vigorous CAGR of 12.8% from 2017 to 2023.

Dermal Fillers Market Detailed Regional Outlook

The global dermal fillers market study has covered across key regions like North America, Latin America, the Middle East & Africa (MEA) Europe and the Asia Pacific (APAC).

Among them, the Americas region is expected to remain a lucrative market for dermal fillers throughout the assessment period. In 2016, North America and Latin America communally captured more than one-third share of the market. Americas is then followed by Europe with the demand for facial aesthetics, as it is high in many of the European countries. This makes the region an important market for dermal fillers.

Europe’s region for dermal fillers market is likely to observe a double-digit CAGR during the forecast period. Asia Pacific’s market of dermal filler is also to witness the highest CAGR during the assessment period due to factors such as rising per-capita income, amplified acceptance of cosmetic procedures in countries of Asia Pacific and availability of more options of facial injectables.

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Dermal Fillers Market Key Players

ALLERGAN, GALDERMA, Dr. Korman Laboratories, Integra Lifesciences, Merz Pharma, Sinclair Pharma, and Teoxane Laboratories are some of the top listed market players contributing to the global dermal fillers market remarkably.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Akash Anand

Market Research Future

+1 646 845 9312

Email: [email protected]