Dermal Fillers Market to Boom, the Market to Witness Revenue of Over $9 Billion by 2028, Watch Out Huge Investment Opportunities in the Global Market – Arizton

Arizton publishes the latest research report on the dermal fillers market. The reports provide detailed information on industry trends, drivers, opportunities, competitive outlook, market size, sales, and growth forecast for 2023-2028.    

The global dermal fillers market to reach USD 9.13 billion by 2028, growing at a CAGR of 8.03% during 2022-2028. Increasing demand for male aesthetics, advances in aesthetics & product launches, and better access to cosmetic procedures coupled with medical tourism are the latest trends in the market.  

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Over the last decade, the global dermal fillers market has witnessed the launch of advanced products and innovative non-invasive procedures. Rapid and varied changes in dermatology care and advances in technology in the field of aesthetics have paved the direction for innumerable procedures with fewer side effects. In recent years, there has been a considerable rise in demand for aesthetic treatments due to the development and launch of new products and treatments. Consumers are becoming extremely picky and demanding new treatments with fewer side effects, and therefore, several players are continuously updating their products in the market.  

Recent Developments  

• In 2022, Sinclair announced European CE Mark for Perfectha Lidocaine. The product has been available mainly in the UK and other European markets since Q1 2022.  
• In 2022, Merz Pharma launched Radiesse (+), an aesthetic injectable to improve moderate to a severe loss of jawline contour. 
• In September 2021, TEOXANE received FDA approval for its RHA Redensity, a new dermal filler for treating facial lines and wrinkles. In 2020, TEOXANE signed a distribution agreement with Revance Therapeutics to distribute the US's RHA Collection of dermal fillers. 
• In 2021, Galderma made an exclusive agreement with Sofregen to develop the next generation of bio-stimulator fillers using silk-based technology. 
• Galderma products have been approved by the US, China, and Europe. In 2021, the company received new approvals for China's Restylane Collection of dermal fillers. In 2021, FDA approved Restylane Defyne for chin augmentation. Also, the company has launched Restylane Eyelight, a new solution for under-eye shadows. 

Segmentation Insights 

Material: Hyaluronic Acid Fillers are biodegradable and the most used dermal fillers because of their clear history of safety, freshness, and affordability. Additionally, due to their versatility and adaptability, hyaluronic acid fillers can create natural-looking results and address a variety of indications. In 2022, Hyaluronic acid (HA) dominated the global dermal fillers market, and the trend is likely to continue during the forecast period. 

Application: The lips & cheeks enhancement application segment had the highest global dermal fillers market share in 2022. Dermal filler can be used in lips enhancement, adding volume, shape, and definition. They can also minimize wrinkles and vertical lines above and around the lips. The most used dermal filler for lips enhancement is hyaluronic acid-based fillers. They can be used to enhance the shape, size, and symmetry of the lips and reduce wrinkles in the lip area. Examples of commonly used dermal fillers include Juvederm, Radiesse, Belotero, and Restylane. These fillers are developed with hyaluronic acid, a naturally occurring substance in the skin, which can enhance lips and cheeks. The fillers also contain lidocaine, a numbing agent, to reduce discomfort during injections. 

Gender: Dermal fillers are becoming increasingly popular among men and women as a non-invasive treatment for facial aging. The female segment dominated the global dermal fillers market in 2022. For women, dermal fillers often address age-related changes in facial structure, such as a flattening of the midface and loss of volume in the lips and cheeks. They can also fill in wrinkles and expression lines and subtly volumize and enhance specific features, such as a prominent nose or chin. 

End-User: Hospitals are the prime and major market growth contributors. The rising number of hospitals and demand for aesthetic procedures positively triggered the high market growth. In 2022, the hospital's segment accounted for 38.91% of the global dermal fillers market share. A plastic surgeon or dermatologist typically does the procedure in a hospital setting. The procedure typically takes less than 30 minutes, and results can often be seen immediately. The availability of the best practitioners, professionals, and experienced expertise, better access to aesthetic treatments, and the presence of high technology and advanced healthcare services derived high market growth by the segment. 

Geographical Analysis 

In Europe, factors such as advances in medical aesthetic services and technologies, affordable treatments, a rapidly growing aging population of baby boomers, internet and social media usage, newly launched aesthetic/cosmetic procedures, and anti-aging therapies have influenced the market growth. In 2022, Germany, the UK, Italy, Spain, and France accounted for 81.28% of the European dermal fillers market. 

APAC is a rapidly growing market compared to all other regions. The rise of the aging population, the surge in acceptance and demand for cosmetic procedures, and the high expenditure on aesthetic procedures have contributed to tremendous growth opportunities for vendors in the market. In addition, access to aesthetic procedures in Japan, China, India, South Korea, and Australia has witnessed significant improvement and contributed to the high growth of the regional market. In Japan, the significant demand for cosmetic procedures among adults and teens and the working population has accelerated the market growth.  

In Latin America, medical tourism is a major factor that drives the market growth. Due to affordable prices for aesthetic care service delivery, well-established healthcare infrastructure, and the rise in medical tourism, compared to other developed countries, are some factors that propel the market growth in the region. Medical tourism has significantly transformed the healthcare industry in the region. Brazil, Mexico, and Argentina are the three major revenue contributors to the Latin American market.  

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Key Questions Answered in the Report    

• How big is the global dermal fillers market? 
• What is the growth rate of the dermal fillers market? 
• What are the growing trends in the dermal fillers market? 
• Who are the key players in the global dermal fillers market? 
• Which region holds the most significant global dermal fillers market share? 

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