Dermal Fillers Market Analysis By Type (Hyaluronic Acid, Polymers & Particles, Calcium Hydroxyapatite & Collagen), Brand, Application, And Forecast To 2027
According to MRFR’s research on the dermal fillers market, the growing demand for cosmetic procedures is expected to be a prominent factor driving the market over the forecast period.The dermal fillers market is expected to grow at a CAGR of 13.2% while garnering a market value of USD 6,899.16 million during the forecast period, predicts Market Research Future (MRFR).The increasing number of facial surgeries performed by both women and men is expected to have a significant impact on the development of the market during the assessment period.Furthermore, the ongoing technological advancements in dermal fillers by key players are expected to benefit the business in the near future.In addition, the growing influence of social media and celebrities is driving the market demand.
During the analysis period, the market presents huge potential owing to the growing demand for minimally invasive procedures.Industrialists are launching various novel products to meet the rising demand, which is expected to drive the growth in the coming years.The high cost of these fillers is likely to be a major impediment to market expansion throughout the forecast period.Furthermore, the presence of unlicensed practitioners is expected to have a significant adverse impact on the dermal facial fillers market in the near future.
Hyaluronic acid is expected to grow at the highest CAGR in the global dermal filler market type segment during the forecast period.In addition, the sector had the highest market capitalization in 2018 at $1,154.96 million.During the period under review, the innovation of the sector has intensified, and the release of new products is expected to promote market expansion.
The lip treatment and facial line correction treatment segment of the global dermal filler market is expected to generate substantial market value over the forecast period.Growing demand for aesthetic beauty and rising beauty awareness among women is expected to drive these industries during the assessment period.
According to MRFR’s Dermal Fillers Market Report, the Americas is expected to gain the largest market share during the analysis period.The expansion of the regional market can be attributed to the growing consumer demand for cosmetic products and growing demand for minimally invasive facial procedures.In addition, increasing number of clinical studies on innovative skin beauty products is expected to boost the regional market.Among all the countries in the region, the United States is expected to contribute considerably to the market development in the region.
Europe is expected to hold the second largest market share for dermal fillers throughout the forecast period.Rising demand for minimally invasive treatments to improve facial appearance is expected to be the key driver driving the market in this region over the next few years.Another important factor expected to increase the market share of dermal fillers in the region is the increasing number of product approvals and product availability.
Browse detailed TOC with COVID-19 Impact Analysis: https://www.marketresearchfuture.com/reports/dermal-fillers-market-3893
Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to an aging population and rising per capita income.Growing demand for facial beauty products and non-invasive cosmetic procedures during the assessment period is expected to be other important factors driving the market in this region.The entry of growing countries such as India, China, and Japan is expected to contribute significantly to the growth of the regional market as there are attractive prospects that could propel the industry forward.
Notable players in the market are Galderma Laboratories, LP (Switzerland), Allergan (Ireland), Merz Pharma (Germany), Dr. Korman Laboratories (Israel), Sinclair Pharma (UK), Teoxane Laboratories (Switzerland), Suneva Medical (USA) ) ), SciVision Biotech Inc. (Taiwan), Medytox (Korea)
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Post time: Jan-15-2022