Dermal Fillers Market to Surpass $9.98 Billion by 2028, Market Driven by Medical Tourism & Aesthetic Treatment - Arizton

According to Arizton’s latest research report, the dermal fillers market will grow at a CAGR of 8% during 2022-2028.  

To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/dermal-fillers-market  

The world is entering a dynamic era for aesthetics as cultural and consumer trends collide to create favorable conditions for exponential growth of the global dermal fillers market. The demand for dermal fillers has witnessed exceptional growth in recent years due to a high preference for minimally invasive treatments, a rise in disposable income, and the surge in awareness of aesthetic treatments. Despite the ongoing pandemic, the market for dermal fillers is expected to remain robust in the years due to periodic new product launches and the receptiveness of medical tourism worldwide. 

Hyaluronic acid as a dermal filler has been quickly growing in popularity due to its natural ability to bind to water and add volume to the skin. It also provides many benefits, such as reducing the appearance of fine lines and wrinkles, improving skin elasticity, and increasing hydration. Recent developments in hyaluronic acid dermal fillers include cross-linked hyaluronic acid, which has a higher resistance to degradation and lasts longer than traditional hyaluronic acid. Additionally, many fillers are now available in various particle sizes, allowing for more precise placement and predictable results. Finally, an increasing focus is on incorporating lidocaine into dermal fillers to reduce pain during and after injection. 

Report Scope  

Market Size (2028): USD 9.13 Billion 

Market Size (2022): USD 5.74 Billion 

CAGR (2022-2028): 8.03% 

Base Year: 2022 

Forecast Year: 2023-2028 

Market Segmentation: Material, Application, Gender, End-User, and Geography 

Geographic Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa 

Countries Covered: The US, Canada, Germany, Italy, Spain, the UK, France, China, Japan, South Korea, India, Australia, Brazil, Argentina, Mexico, Turkey, Saudi Arabia, South Africa 

Largest Market: North America 

Advances in Aesthetic Treatments & Product Launches Boosting the Market Growth 

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 THE MARKET: 

• 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 agreed with Sofregen to develop the next generation of bio-stimulator fillers using silk-based technology. 
• Galderma products have received approval in the US, China, and European countries. 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. 
• In 2020, Sinclair announced an exclusive worldwide license agreement for injectable hyaluronic acid products. 

North America Accounted for Over 33% of the Global Market Size 

North America is the most dominant region in the global dermal fillers market, and in 2022, the region accounted for over 33% of the global market size. The growing awareness about aesthetic procedures, advanced technology usage, increasing disposable income, and availability of recovery centers contribute to the region's market growth. Further, every year, Americans spend billions of dollars on cosmetic procedures indicating high per capita expenditure and wide acceptance of medical aesthetic procedures in the region. 

The booming European dermal fillers market is primarily driven by the increasing risk of skin aging, rising demand for minimally invasive aesthetic treatments, and the growing use of cosmeceuticals among consumers. In recent years, due to the aging population, the European population has been turning to dermal fillers to reduce the appearance of wrinkles and fine lines. Further, the APAC region is projected to witness the fastest growth rate in the global dermal fillers market during the forecast period. This growth results from advancements in the region's aesthetic treatments and cosmetics industry and increasing consumer demand for such treatments. 

Better Access to Cosmetic Procedures & Rise in Medical Tourism Emerging as the Latest Trend in the Market 

In recent years, medical tourism has witnessed exceptional growth. Medical tourism is traveling to a foreign country for medical care, often for procedures not typically addressed or covered in one’s own country. Cosmetic procedures are now a major component of medical tourism. Cosmetic procedures are performed for aesthetic or cosmetic purposes rather than medical necessity. Patients may travel for cosmetic procedures for various reasons, including cost-effectiveness, a wider selection of treatments, more flexible appointment times, and improved privacy benefits. 

Moreover, medical tourism provides access to a wider range of dermal fillers and related treatments for cost-effectiveness, convenience, and access to quality medical care. It also allows patients to have the procedure done by a more experienced and certified doctor at a fraction of the cost they would pay at home. Therefore, medical tourism is providing a better opportunity for vendors of dermal fillers in many ways. 

Key Company Profiles 

• AbbVie 
• Galderma 
• Merz Pharma 
• Sinclair 
• TEOXANE 
• BioPlus 
• Biotech 
• Cytophil 
• Dr. Korman 
• FILLMED 
• HUGEL 
• Medytox 
• Prollenium Medical Technologies 
• Shanghai Bioha Technology 
• Suneva Medical 

Market Segmentation 

Material 

• Hyaluronic Acid 
• Non-hyaluronic Acid 

Application 

• Lips & Cheeks Enhancement 
• Wrinkle & Scar Treatment 
• Restoration of Volume 

Gender 

• Female 
• Male 

End-user 

• Hospitals 
• Specialty & Dermatology Clinics 
• Medical Spa & Beauty Centers 

Geography 

• North America 
• The US 
• Canada 
• Europe 
• Germany 
• Italy 
• Spain 
• The UK 
• France 
• APAC 
• China 
• Japan 
• South Korea 
• India 
• Australia 
• Latin America 
• Brazil 
• Argentina 
• Mexico 
• Middle East & Africa 
• Turkey 
• Saudi Arabia 
• South Africa 

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