Introduction to Dermal Fillers
Dermal fillers are injectable, gel-like substances which can be used to restore or enhance the structural components of the body. These fillers are generally used for various parts of the face, including cheeks, jaw, mouth, lip and the area around the eye. They restore the dermal volume and smooth out wrinkles and other facial lines in order to bring about a younger appearance in the person being treated. A number of dermal fillers have been approved by the U.S. FDA and are being used by cosmetic surgeons all over the world.
Market Size and Forecast
The dermal fillers market is anticipated to record a CAGR of around 8% over the forecast period, i.e., 2020-2028. The market is segmented by ingredient, by product, by application and by region, out of which, the ingredient segment is further segmented into hyaluronic acid, calcium hydroxylapatite, collagen, poly-L lactic acid, PMMA [poly methyl methacrylate] and others.
According to the American Society of Plastic Surgeons, a total of 2,523,437 soft tissue filler procedures took place in 2018 in the United States, out of which, the number of procedures involving calcium hydroxylapatite was 227,234 in the same year, fat face was 45,360, polylactic acid was 121,920 and the number of procedures involving hyaluronic acid was the highest with 2,128,923 procedures. On the basis of this, the hyaluronic acid segment is anticipated to hold the largest share in the dermal fillers market on account of high preference of hyaluronic acid for use as dermal fillers as compared to other available substances. Moreover, the properties of hyaluronic acid, such as water retention, anti-ageing and hydrating properties makes it highly suitable for this purpose. This substance is similar to those present in the body, hence it does not require skin testing and results in minimal and milder side effects. The segment for hyaluronic acid is further predicted to grow at a significantly high rate over the forecast period.
The market is segmented on the basis of product into biodegradable and non-biodegradable dermal fillers, out of which, the biodegradable dermal fillers are projected to observe the highest growth as a result of higher safety and improved effectiveness. These type of fillers consist of temporary as well as semi-permanent fillers. The availability of biodegradable fillers is rapidly growing which is further anticipated to boost the market growth. CLICK TO DOWNLOAD SAMPLE REPORT
Rising Demand for Dermal Fillers for Aesthetic Purposes to Drive the Market Growth
As per the American Society of Plastic Surgeons, the number of minimally-invasive cosmetic procedures involving soft tissue fillers among people between the ages 40 and 54 was found to be 49% of total procedures in the United States. Similarly, 37% of all procedures involved soft tissue fillers in 2018.
Increasing number of people demanding facial aesthetics treatments is a major factor responsible for the growth of medical facilities offering such products and services. Growing elderly population that demands for dermal fillers so as to look younger is another driver anticipated to augment the market growth.
Budding Dermatology Clinics and Hospitals to Expand Dermal Fillers Market
The emergence of a large number of private and government hospitals as well as clinics that specialize in skincare and dermatology essentially require dermal fillers. The growing number of these medical facilities all across the globe is a significant factor estimated to lead to advancements in this market.
High Expenditure Associated with Dermal Fillers to Restrain the Market Growth
The cost of procedures involving dermal fillers is high which is a major factor refraining a large section of the population from spending on them. Moreover, there are some side effects and complications which might arise post the procedure, including redness, bruising and swelling in the treated area. On the back of these factors, the market is estimated to observe hindered growth in the coming years.
Our in-depth analysis of the dermal fillers market includes the following segments:
On the basis of regional analysis, the dermal fillers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Dermal fillers market is estimated to witness considerable growth in the North America region and is thus anticipated to hold the largest share in the market over the coming years. This can be attributed to the growing demand for advanced and effective dermal fillers for aesthetic purposes that last for a longer period of time. On the other hand, the market in Asia Pacific region is predicted to grow at a substantially high rate over the forecast period on account of rising demand for dermal fillers in order to remove scars on face and other skin problems.
The dermal fillers market is further classified on the basis of region as follows:
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