Dermal Filler Market Trends

Growth Drivers

• Skin-tightening treatment acceptance among aging people: In developed countries, facial rejuvenation is becoming increasingly popular among people over 50 years of age. According to NLM, the global cosmetic surgery industry was valued at USD 63.4 billion in 2021, which is projected to exhibit a CAGR of 9.6% between 2022 and 2030. It also mentioned that the worldwide merchandise of noninvasive aesthetic treatment is poised to expand at a CAGR of 15.40% from 2023 to 2030. Subsequently, the aging generation is becoming increasingly enticed to opt for non-surgical alternatives for maintaining youthful appearances and following anti-aging trends, which is expected to drive the dermal fillers market.
   
• Rising personal disposable income: As personal and disposable income rise across the world, the expenditure on the market increases. With the additional earnings, habitats tend to be involved in out-of-pocket spending for aesthetic restorations. For instance, private consumption in India rose to USD 2.1 trillion in 2024. The number of citizens with a USD 10,000.0 annual personal income was over 60.0 million, which is predicted to reach 165.0 million by 2030: IBEF. A similar is also observed in other developed and under-development countries, referring to the heightening volume of investors in this field.

Challenges 

• High expenditure associated with procedures: Affordability is always a factor of disruption in any type of aesthetic merchandise. Despite the rising popularity and out-of-pocket expenditure, the expensiveness of these procedures is still a major restriction in the market, particularly in price-sensitive regions. In addition, the worldwide presence of financial inequality, particularly in developing countries such as China and India, often creates difficulty in complete market penetration. This might discourage new entrants and investors from engaging their assets in this field.