Dermal fillers Market 2020 – Impact of COVID-19, Future Growth Analysis and Challenges
As stated by the American Society of Plastic Surgeons, dermal fillers help to diminish facial lines and restore volume and fullness in the face. With ageing, the subcutaneous fat loss occurs from the face naturally thereby introducing wrinkles and highlighting facial lines. With the help of dermal fillers, these facial lines are filled in order to rejuvenate the face and reduce effect of ageing. Shallow contour enhancement, thin lips plumping, facial wrinkle & crease softening, and recessed scar appearance improvement are the major application areas for dermal fillers. With expanding ageing population, the demand for cosmetic surgical procedures has increased significantly. However, the high cost associated with cosmetic surgeries has fueled the demand for minimal invasive surgical methods, thereby fueling demand for dermal fillers in wide range of cosmetic procedures. The global dermal filler market is anticipated to witness significant growth during the forecast period.
North America contributed the largest share to the global dermal fillers market in 2019 and is anticipated to be the dominating geography throughout the forecast period. Increasing demand for cosmetic surgical procedures, high penetration of minimal invasive surgical methods, and increasing ageing due to environmental effects are the prominent factors driving the dermal filler market in North America. Additionally, high per capita spending on cosmetic procedures is anticipated to bolster growth of North America dermal fillers market. Asia Pacific is anticipated to be the fastest growing geography during the forecast period owing to rapid adoption of advanced medical aesthetics devices and procedures, and expanding geriatric population in major countries such as China, South Korea, Japan, India and Singapore.
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The report titled “Dermal Fillers Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global dermal fillers market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Allergan plc reported revenues of USD 15,787.4 million in 2018 and the product segment analysis of the company indicates that the US Specialized Therapeutics business segment of the company dominated revenue in 2018.
The global dermal fillers market is segmented based on product type, ingredient, application, end user, and geography. Based on product type, the global dermal fillers market is segmented into biodegradable fillers and non-biodegradable fillers. Based on ingredient, the global dermal fillers market is segmented into hyaluronic acid, calcium hydroxyapatite, Poly-L-lactic acid, Poly methyl methacrylate (PMMA), fat fillers, and others. Based on applications, the global dermal fillers market is segmented into scar treatment, wrinkle correction treatment, lip enhancement, restoration of volume/fullness, and others. Based on end user, the global dermal fillers market is segmented into specialty and dermatology clinics, hospitals, and others. Based on geography, the global dermal fillers market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research would provide in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on dermal fillers. Market share of prominent companies in the global dermal fillers market would be included. For instance, Allergan plc operates through four business divisions namely Specialized Therapeutics, General Medicine, International, and others. The dermal fillers products are delivered under Specialized Therapeutics business segment of the company with revenue contribution of US$ 6,920.3 million in 2018.
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The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the dermal fillers companies. Furthermore, the global dermal fillers market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the dermal fillers market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global dermal fillers market.