According to a new report published by UnivDatos Markets Insights, the Dermal Filler Market was valued at more than USD 4.5 billion in 2020 and is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Material (Hyaluronic Acid, Calcium Hydroxylapatite, Poly-L-lactic acid, Polymethyl-Methacrylate Microspheres (PMMA), and Others); Application (Wrinkles & Scar Treatment, Lip Enhancement, Rhinoplasty, Aesthetic Restoration, and Others); End-Use (Dermatology Clinics, Ambulatory Surgical Centers, Hospitals, and Others); and Region/Country.
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The dermal filler market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the dermal filler market. The dermal filler market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the dermal filler market at the global and regional levels.
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Market Overview
The dermal filler market is expected to witness a CAGR of around 8% during the forecast period. dermal filler is primarily used to correct moderate-to-severe facial wrinkles and skin folds. Increasing fullness of lips, cheeks, chin, under-eye hollows, jawline, and back of the hand. It is a substance that is used to reduce wrinkles and restore volume and fullness to the face. It is injected just beneath the surface of the facial skin. It smooths and lightens scars and wrinkles on the skin. The growing demand for dermal fillers can be attributed to the rise in demand for aesthetic attractiveness enhancement and a preference for minimally invasive procedures across the globe. For instance, according to the American Society of Plastic Surgeons (ASPS), in the U.S., nearly 18 million minimally invasive and surgical cosmetic products were performed in 2020, out of which nearly 16 million products were minimally invasive. However, some of the restraints in the market including the relative side effects and lack of permanence of facial injectables are impeding the growth of this market all over the world.
Some of the major players operating in the market include AbbVie Inc., Merz Pharma, GALDERMA, BioPlus Co. Ltd., Bioxis pharmaceuticals, SCULPT Luxury Dermal Fillers Ltd., DR. Korman, Prollenium Medical Technologies, Advanced Aesthetic Technologies Inc., TEOXANE Laboratories
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy and also affect every industry, this pandemic has been proceeding to change the growth of different market sectors. In the healthcare industry, the pandemic directly affected the manufacturing, demand, and supply chain of various medical devices and pharmaceutical companies. Furthermore, according to the International Society of Aesthetic Plastic Surgery (ISAPS) data, during the pandemic period, the total number of cosmetic surgical procedures decreased from 11.3 million in 2019 to 9.8 million in 2020, and it observed a decline of 13.0% in procedures.
The global dermal filler market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Based on material, the market is segmented into hyaluronic acid, calcium hydroxylapatite, poly-l-lactic acid, polymethyl-methacrylate microspheres (PMMA), and others. The hyaluronic acid category is to witness higher CAGR during the forecast period owing to the high demand and strong adoption of these products coupled with the wide application of these fillers. In addition, hyaluronic acid is also proven to help wounds heal faster and can reduce scarring.
On the basis of application, the market is categorized into wrinkles & scar treatment, lip enhancement, rhinoplasty, aesthetic restoration, and others. Among these, wrinkles & scar treatment to hold a significant share in the market in 2020. This is mainly due to the increasing use of facial injectables for aesthetic procedures such as facial lines, wrinkles on the face, and lip lines, to name a few. Factors like growing awareness about aesthetic procedures and rising disposable income are expected to drive the growth of this market.
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Dermal Filler Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
For a better understanding of the market adoption of the Insulin pump industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. owing to the higher awareness of aesthetic surgical procedures, technological advancements in cosmetic procedures, the presence of key market players, the increasing geriatric population, and the growing demand for non-invasive aesthetic procedures are the key factors for the growth of this market in the region.
The major players targeting the market include
· AbbVie Inc.
· Merz Pharma
· GALDERMA
· BioPlus Co. Ltd.
· Bioxis pharmaceuticals
· SCULPT Luxury Dermal Fillers Ltd.
· DR. Korman
· Prollenium Medical Technologies
· Advanced Aesthetic Technologies Inc.
· TEOXANE Laboratories
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Dermal Filler Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the dermal filler market?
• Which factors are influencing the dermal filler market over the forecast period?
• What are the global challenges, threats, and risks in the dermal filler market?
• Which factors are propelling and restraining the dermal filler market?
• What are the demanding global regions of the dermal filler market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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