Aesthetic Fillers Market: Global Industry Analysis and Forecast (2023-2029)

Aesthetic Fillers Market size was valued at USD 5.50 Bn. in 2022 and the total Aesthetic Fillers Market revenue is expected to grow at 9.8% from 2023 to 2029, reaching nearly USD 10.58 Bn .
Aesthetic Fillers Market Overview:
Aesthetic fillers are gel-like substances this solution is injected into the skin to restore lost volume, smooth lines, soften wrinkles, and improve facial contours for aesthetic filler treatment, non-surgical aesthetic filler procedures are most widely used which contain hyaluronic acid, collagen, polymers, and particles.The demand for aesthetic injectable has risen in recent years as a result of customers' increasing emphasis on beauty. The industry is also expected to rise as a result of increased consumer awareness of minimally invasive procedures brought on by numerous beauty advertisements run by major market participants. Botox being one of the most widely used products, this has raised demand for cosmetic operations. The Aesthetic filler products are continually expanding the range of offerings and making the greater inroads into the demographic groups that values aesthetics. New indications and an expanded portfolio of the aesthetic fillers and biostimullators are helping to expand the market as well.

Social media coverage of the neuromodulators from 2015-2020 are driving the awareness and acceptance, especially for the new patient segments. Access to Aesthetic procedures is expanding rapidly across the globe ,many new medical professionals are entering the market to provide the aesthetic services such as adjuvant services in dental surgeries or nurse administered therapies in large aesthetic-focused practices. Over the past five to six years more than 400 aesthetic clinics and care centers has raised $3.2 billion from the investors, making the fastest growing segment of the aesthetic industry.
Report scope:
The Aesthetic Fillers Market report forecast the revenue growth at global regional and country levels and provides in depth analysis on the industry trends in each segment from 2017-2029.The market analysis focuses on various key aspects such as key industry, market dynamics, mergers and acquisition and partnership, technological advancements, regulatory and reimbursement scenario, major key players. Apart from this the market report includes in depth insights of the market trends and highlights the key industry dynamics. In addition to this the report also includes numerous factors and market statistics, which has contributed to the growth of the market in the recent years.

The report also covers the PORTER and PESTEL analyses as well as probable outcomes of the microeconomic market elements. After accounting for internal and external variables that can have a favourable or unfavorable impact on the firm, decision-makers will have a clear futuristic perspective of the market. In this report, the analysis of the future trends has incorporated with statistical and econometric methods which are further scrutinized by primary as well as secondary Research. The research is carried out for analyzing the future trends for the studied market during the forecasted period. Maximize Market Research uses a thorough and iterative Research technique with a minimal deviation focus to produce the most precise estimations and forecasts.

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Aesthetic Fillers Market Dynamics:

Market Drivers:

Rising preference for non-invasive aesthetic procedures is the major factor driving the market growth for aesthetic fillers.

The surge in healthcare expenditure, rising acceptance of tissue fillers, and a growing aging population are significant factors that augment the aesthetic filler market's growth worldwide. Dermal filler demand has increased as a result of rapid technological advances in cosmetology and dermatology. Another growth determinant has been the increasing awareness of modern and innovative cosmetic procedures. The government's continued funding for research and development programs is driving up market value. In 2018, “International Society of Aesthetic Plastic Surgery”, reported that around 10 million minimally invasive injectable procedures done across the globe, and 12,659,147 numbers of non-surgical aesthetic procedures are completed across the globe. However, side effects associated with dermal fillers, lack of regulations governing the usage of dermal filler products, high cost, and increasing circulation of counterfeit products may hamper the growth of the aesthetic filler market.

The report has profiled fifteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.

Market Restrains:

The most important challenge in the Aesthetic Filler market is that patients often come with unrealistic expectations fuelled by misleading advertisement and are pressurized to undergo procedures which may or may not be beneficial to them. Complication following aesthetic medicines are on the rise particularly when performed by inadequately trained staff. Increased competition for patients in almost every medical and surgical field has led to the commercialization of medicine with the attendant introduction of compromised medical ethics and compromised quality, growth of patients risk, poor patient selection and office surgery centers without regulation or peer review.

Market Opportunities:

Invasive surgeries are quickly being replaced with minimally invasive procedures. For instance, the American Society of Plastic Surgeons (ASPS) estimates that approximately 18 million minimally invasive and surgical cosmetic procedures, of which about 16 million were minimally invasive, were carried out in the U.S. in 2020. As a result, the market is expanding due to the rising popularity of minimally invasive operations and the accessibility of a variety of such treatment alternatives. The United States was ranked first globally in terms of non-surgical procedures conducted, according to the International Society of Aesthetic Plastic Surgery (ISAPS). Among these, injectable such hyaluronic acid and botulinum toxin were among the most frequently used treatments .These aforementioned factors has created the growth opportunity of Aesthetic Filler market.
Aesthetic Fillers Market Segment Analysis:
Based on Product Type, in 2022, the botulinum toxin type A segment led the market and accounted for 55.2% of total sales. In order to delay the effects of ageing, middle-aged women are increasingly choosing fillers and injectable, such as the well-known Botox. During the forecast period, the Hyaluronic Acid (HA) segment is anticipated to experience the quickest CAGR of 9.6%. It is well renowned for its capacity to retain moisture in the skin, making it appear healthier. The critical moisture responsible for the plumpness of the facial skin is enhanced and maintained by the moisture-binding property of HA. Cosmetic-grade HA's low molecular weight makes it easier for the substance to penetrate deeply into the epidermis, where it aids by keeping water in the cells and releasing antioxidants.



Based on Application, in 2022, the aesthetics category dominated the market and contributed for 71.5% of total revenue. This expansion is the result of people using more facial injectable for aesthetic operations including treating lip lines, facial wrinkles, and facial lines, to mention a few. The market is anticipated to increase as a result of factors including rising income and increasing awareness of cosmetic procedures. Market expansion is anticipated to be aided by an increase in the usage of cosmetic injectable for parentheses lines, facial wrinkles, lip lines, lip augmentation, lip border restoration, perioral lines, and crow's feet lines.

Based on End-User, The clinics, hospitals, and medical spas section of the medical aesthetics industry is separated from the beauty salons and home care segments. The clinics, hospitals, and medical spas sector have the largest portion of the global medical aesthetics market in 2022. Due to the rising number of clinics and medical spas and the high availability of financial and infrastructure resources with hospitals, including technologically cutting-edge equipment, trained staff, and skilled professionals to perform aesthetic procedures, this end-user segment is also anticipated to grow at the fastest rate during the forecast period.


Aesthetic Fillers Market Regional Insights:
In 2022, North America dominated the market and had a revenue share of more than 41.0%. The huge senior population in the United States and Canada is responsible for this growth, which is expected to fuel the need for face injectable over the projected period. The American Society of Plastic Surgeons (ASPS) evaluated the rise in cosmetic surgery product rates between 2000 and 2018. It was noted that there was an 845 percent increase in the use of Botox injections. Thus, it is anticipated that in the years to come, North America will be a major source of revenue for facial injectable.

The greatest CAGR of 9.8% is anticipated for the Asia Pacific market over the projection period. Countries like South Korea, Australia, and India support the region. In these developing nations, there is projected to be a growing emphasis on physical beauty, which will significantly impact the market for facial injectable treatments. The country with the fastest-growing economy is predicted to be India.
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Aesthetic Fillers Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 5.50 Bn.


Forecast Period 2023 to 2029 CAGR:
9.8%
Market Size in 2029:
US $ 10.58 Bn.


 Segments Covered:
by Product Type
1.Botuinium Toxin Type A
2.Hyaluronic Acid
3.Collagen
4.Polymer Fillers


by Application
1.Facial lines
2.Wrinkles on the face
3.Lip lines


by End-User
1.Hospitals
2.Dermatology Clinics
3.Others



Aesthetic Fillers Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Aesthetic Fillers Market, Key Players are:
1.Allergan plc (US)
2.Anika Therapeutics Inc. (US)
3.Suneva Medical Inc. (US)
4.Integra LifeSciences (US)
5.Cytophil, Inc. (US)
6.Elan Aesthetics Inc. (US)
7.Revance Therapeutics Inc. (US)
8.Cutera Inc. (US)
9. Prollenium Medical Technologies Inc. (Canada)
10. Merz Pharma GmbH & Co. KGaA (Germany)
11. Sinclair Pharma PLC (UK)
12.FillMed Laboratories (France)
13. Ipsen Pharma (France)
14.Bioxis Pharmaceutical (France)
15.TEOXANE Laboratories (Switzerland)
16.Givaudan (Switzerland)
17.Galderma S.A. (Switzerland)
18. Fidia Farmaceutici S.p.A. (Italy)
19. Mesoestetic (Spain)
20.Contura International A / S (Denmark)
21.Croma Pharma (Austria)
22. SciVision Biotech Inc (Taiwan)
23. Huons (South Korea)
24.Medytox (South Korea)
25.BioPlus Co., Ltd. (South Korea)
26.Zhejiang Jingjia Medical Technology Co.,Ltd. (China)
27. Dr. Korman Laboratories (Israel)

FAQs:

1. Which is the potential market for the Aesthetic Fillers Market in terms of the region?
Ans. In North America region, the growing business and cosmetic surgery are expected to help drive the use of collaborative screens.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market grooming sector of Aesthetic Fillers Markets in cosmetics.

3. What is expected to drive the growth of the Aesthetic Fillers Market in the forecast period?
Ans. A major driver in the Aesthetic Fillers Market is the prevalence rapid technological advances in cosmetology and dermatology.

4. What is the projected market size & growth rate of the Aesthetic Fillers Market?
Ans. The Aesthetic Fillers Market size was valued at US$ 5.50 Billion in 2022 and the total Aesthetic Fillers Market revenue is expected to grow at 9.8% through 2023 to 2029, reaching nearly US$ 10.58 Billion.

5. What segments are covered in the Aesthetic Fillers Market report?
Ans. The segments covered are Product Type, Application, End-User and Region.