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HEALTHCARE & PHARMACEUTICAL

Dermal Filler Market Analysis by Materials (Calcium Hydroxylapatite, Hyaluronic Acid, Poly-L-lactic Acid, PMMA [Poly Methyl Methacrylate], Fat, and Others}; by Product (Biodegradable, and Non-Biodegradable); and by Application (Lip Enhancement, Wrinkle Correction Treatment, Face-Lift, Scar Treatment, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Galderma Laboratories - with an updated administration protocol, announced the re-launch of the injectable poly-L-lactic acid product Sculptra (injectable poly-L-lactic acid) in Europe.

  • Sinclair Company - has signed an exclusive worldwide licensing agreement for a new series of injectable hyaluronic acid treatments.

Global Dermal Filler Market Size, Forecast, and Trend Highlights Over 2023 – 2033

 

Base Year

2022

Forecast Year

2023-2033

CAGR

~7%

Base Year Market Size (2022)

~ USD 5090 Million

Forecast Year Market Size (2033)

~ USD 10184.8 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global dermal filler market is estimated to garner a revenue of ~USD 10184.8 million by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 5090 million in the year 2022. The growth of the market is primarily attributed to the increasing number of surgical and non-invasive cosmetic procedures around the world. It was observed that a total of 13,280,000 cosmetic minimally-invasive procedures were performed in the United States in 2020, including a total of 110,000 soft tissue filler procedures between the ages of 50-70. Additionally, worldwide escalating prevalence of early skin aging issue is also propelling the growth of market over the forecast timeframe.

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Dermal filler is an injectable, gel-like product that can improve physical features of the face and body. The purpose of these fillers is to restore the dermal volume and diminish wrinkles and other facial lines on the skin, thereby giving the patient a more youthful appearance. Therefore, surging demand for youthful skin, and scar removal is propelling the demand for  dermal filler. Additionally, manufacturers are focusing on improving and developing new products including hyaluronic acid-based products to offer a wide variety of options to consumers which are expected to expand the global dermal filler market size during the forecast period. For instance, it was observed that the number of cosmetic treatments including hyaluronic acid accounted for more than 2,870,000 procedures in 2019.

Global Dermal Filler Market: Growth Drivers and Challenges

Growth Drivers

  • Skin Tightening Treatment Acceptance Among Aging People- It was observed that more than 332,000 skin tightening procedures were performed in the United States in 2019. In developed countries, anti-aging and skin tightening treatments are becoming increasingly popular among people over 50 years of age. Moreover, people are becoming increasingly enticed to opt for dermal fillers owing to the desire to maintain youthful appearances and the rise in anti-aging trends, which is expected to drive the global market for dermal fillers growth over the forecast period.

  • Rising Personal Disposable Income - In July 2020, personal income increased by USD 47.0 billion (0.2%) and disposable personal income (DPI) increased by USD 37.6 billion (0.2%), according to the Bureau of Economic Analysis.

  • Growing Demand for Aesthetic Procedures Worldwide - According to a survey, 35% of respondents have observed an increase in aesthetic procedures since the COVID-19 pandemic erupted. It is believed that 75% of respondents attribute this trend to the desire to look good and present a perfect lifestyle on social media.

  • Increasing Usage of Hyaluronic Acid Fillers Among Males - According to a survey, nearly 495,000 nonsurgical Hyaluronic Acid procedures were performed in the United States in 2020.

  • Rising Popularity of Lip Treatments Among Females - For instance, approximately 45,000 lip augmentation procedures were performed in the United States in 2019.

Challenges

  • High Expenditure Associated with Dermal Fillers Procedures - Cost is usually a factor in any type of aesthetic procedure. Dermal filler treatment is a popular and safe outpatient procedure for addressing some indications of ageing and volume loss, but the high cost of the procedures is anticipated to restrain market demand.

  • Lack of Skilled Professionals for Surgeries & Treatments

  • Relative Side-effects and Complications After the Procedure

The global dermal filler market is segmented and analyzed for demand and supply by materials into calcium hydroxylapatite, hyaluronic acid, poly-L-lactic acid, PMMA, fat, and others. Among these segments, the calcium hydroxylapatite segment – 72.2% is anticipated to capture the largest market size in the global dermal filler market owing to the widespread use of soft tissue fillers for aesthetic restoration coupled with an increase in procedures involving calcium hydroxylapatite. For instance, out of the total cosmetic minimally invasive procedures performed in 2020, ~201,474 involved the use of calcium hydroxylapatite.

Global Dermal Filler Market Regional Synopsis

The North America dermal filler market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033 backed by the economically stable population along with a higher percentage of cosmetic surgeries in the region. For instance, more than 15 million cosmetic procedures including surgical and non-invasive procedures were performed in United States in the year 2020. Moreover, the popularity of dermal filler procedures among population and the rise in R&D expenditures are projected to fuel dermal filler market growth in the region during the forecast period.

Market Segmentation

Our in-depth analysis of the global dermal filler market includes the following segments:

         By Materials

  • Calcium Hydroxylapatite
  • Hyaluronic Acid
  • Poly-L-lactic Acid
  • PMMA [Poly Methyl Methacrylate]
  • Fat
  • Others

        By Product

  • Biodegradable
  • Non-Biodegradable

        By Application

  • Lip Enhancement
  • Wrinkle Correction Treatment
  • Face-Lift
  • Scar Treatment
  • Others

Top Featured Companies Dominating the Global Dermal Filler Market

  • Allergen

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Merz Pharma
  • Sinclair Pharma
  • Galderma Laboratories
  • BioPlus Co., Ltd.
  • Candela Corporation
  • BIOXIS pharmaceuticals
  • Suneva Medical
  • SCULPT Luxury Dermal Fillers Ltd
  • Dr. Korman Laboratories Ltd.

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