Dermal Fillers Market 2021 Expeditious Growth, Opportunities, Trends, Growth and Forecast to 2027
Research Reports
Jan 12, 2022
(USA, NY, New York City) Increasing facial surgeries among women and men are believed to impact the market’s development throughout the forecast period significantly. Retraction of the jawline, lowering of the nose, and loss of high cheekbones can all result from age-related bone loss in the face. The volume and suppleness of the face muscles decrease, and the deflation and movement of facial fat emphasize the indications of age.
The dermal fillers market was provided with a substantial opportunity during the study period due to the rising demand for minimally invasive treatments. According to Market Research Future, the dermal filler market is likely to achieve a CAGR of 13.2% while gathering a market value of USD 6,899.16 Million by 2025.
To match the rising demand, manufacturers are developing a variety of novel items, which is expected to increase growth in the next years. The high cost of these fillers is projected to be a major impediment to market expansion over the forecast period. Furthermore, the existence of unlicensed practitioners is projected to have a significant detrimental effect on the market for dermal fillers.
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Key Players
The promising companies in the dermal fillers market are Merz Pharma (Germany), SciVision Biotech Inc. (Taiwan), Dr. Korman Laboratories (Israel), Sinclair Pharma (UK), Allergan (Ireland), Teoxane Laboratories (Switzerland), Suneva Medical (US), and Medytox (South Korea) to name a few.
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Segmental Analysis
Hyaluronic acid is expected to grow at the fastest CAGR in the type segment of the global market for dermal fillers during the forecast period. Additionally, the segment had the highest market value of USD 1.15 billion in 2018.
The lip treatment and facial line correction treatment segments of the global market for dermal fillers are expected to generate significant market value during the forecast period.
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Regional Analysis:
According to MRFR’s dermal fillers market report, the Americas is expected to gain the largest market share during the analysis period. The regional market’s expansion can be attributed to rising consumer demand for cosmetic products and the growing demand for minimally invasive facial procedures.
During the forecast period, Europe is expected to hold the second-largest market share. The growing demand for minimally invasive techniques to enhance the appearance of the face is expected to be a significant factor driving the market in the region over the next few years.
APAC is expected to experience the fastest growth rate during the forecast period, owing to an aging population and rising per capita income. Growing demand for facial aesthetics products and non-invasive cosmetic procedures are expected to be additional significant factors driving the market in the region during the assessment period.
MEA is likely to expand at the slowest rate due to a lack of awareness and access to scarce resources. However, the region’s untapped market opportunities and the increasing launch of new products in a few Middle Eastern countries are expected to boost the regional market.
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