The Dermal Filler Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Dermal Filler Global Market Report 2024, The dermal filler market size has grown rapidly in recent years. It will grow from $6.07 billion in 2023 to $6.74 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to expanding aesthetic industry, advancements in injection technique, celebrity endorsements and influence, focus on anti-aging solutions, rise in minimally invasive procedures.
The dermal filler market size is expected to see rapid growth in the next few years. It will grow to $10.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to market expansion in emerging economies, customized and personalized treatments, biodegradable and bioresorbable fillers, focus on longevity and durability. Major trends in the forecast period include biodegradable fillers, advanced formulations, non-invasive procedures, customizable treatments, longer lasting results.
An increasing number of aesthetic procedures performed by plastic surgeons is expected to drive the growth of the dermal filler market going forward. Aesthetic procedures refer to procedures that improve the face and body appearance. There has been a growing emphasis on the body and beauty for identity and self-expression. Dermal fillers are used majorly in plastic surgery or aesthetic procedures to help create a smoother and fuller appearance on the face. For instance, according to the American Society for Aesthetic Plastic Surgery, in 2021, facial procedures increased by 54% and aesthetic body procedures shot up by 63% from 2020. Therefore, the increasing number of aesthetic procedures performed by plastic surgeons propels the growth of the dermal filler market.
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The dermal filler market covered in this report is segmented –
1) By Filler Type: Calcium Hydroxylapatite, Hyaluronic Acid, Poly-Alkylimide, Polylactic acid, Polymethylmethacrylate Microspheres
2) By Product: Biodegradable, Non-Biodegradable
3) By Application: Scar Treatment, Wrinkle Correction Treatment, Lip Enhancement, Restoration Of Volume or Fullness
4) By End-User: Hospital, Cosmetic Clinics, Outpatient Centers, Beauty Centers, Other End Users
Major companies operating in the dermal filler market are developing innovative products such as lip augmentation fillers to enhance product offerings and gain a competitive advantage. Lip augmentation fillers are employed to change the size and form of the lips, usually by injecting fillers like hyaluronic acid or collagen. For instance, in February 2022, Allergan Aesthetics, a US-based manufacturing company of facial injectables, body contouring, plastics, and skin care, announced that the JUVÉDERM VOLBELLA XC is approved by the United States Food and Drug Administration for the treatment of infraorbital hollows in people over the age of 21. With this authorization, Allergan Aesthetics expands its therapy offering to better meet unmet patient requirements. Allergan Aesthetics has launched a product training program for all interested clinicians, according to FDA requirements for this new indication, which includes face anatomy and implications for safe injection in this location, as well as the diagnosis and management of any problems. This training must be completed successfully before administering JUVÉDERM VOLBELLA XC for this new application.
The dermal filler market report table of contents includes:
1. Executive Summary
- Dermal Filler Market Characteristics
- Dermal Filler Market Trends And Strategies
- Dermal Filler Market – Macro Economic Scenario
- Global Dermal Filler Market Size and Growth
. - Global Dermal Filler Market Competitive Benchmarking
- Global Dermal Filler Market Competitive Dashboard
- Key Mergers And Acquisitions In The Dermal Filler Market
- Dermal Filler Market Future Outlook and Potential Analysis
- Appendix
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