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

Dermal Fillers Market was valued at US$ 5 Bn. in 2022. Dermal Fillers Market size is expected to grow at a CAGR of 7.5% through the forecast period.
Dermal Fillers Market Overview:
The need for cosmetic operations has grown significantly and steadily in the contemporary environment, particularly non-invasive cosmetic procedures like dermal fillers. In order to obtain an attractive result, these gel-like substances are injected beneath the skin of the face. Dermal fillers are used for a variety of purposes, including the treatment of acne scars, decreased volume, wrinkles, and facial lines. These treatments are forecast to increase the number of procedures performed as disposable income grows across the world, particularly in emerging nations. Additionally, the last taboos linked with cosmetic treatments have been greatly diminished by the growing understanding of filler procedures. The adoption of these items is forecast to be strongly influenced by such changes in attitudes.To know about the Research Methodology :- Request Free Sample Report

Dermal Fillers COVID 19 Insights:

Since the healthcare industry was at the core of this unprecedented worldwide pandemic crisis, COVID-19's effects were clearly felt there as well. Since it is seen as an optional surgery and was among the first medical procedures to be negatively affected by cancellations, the market has been significantly affected. Due to considerable delays in various nations for elective and non-essential treatments, major corporations saw a loss in revenue in 2020 compared to the previous year. For instance, compared to the prior year, Juvederm's global sales decreased by 40% in 2020. The product generated USD 718.0 million in sales in 2020, which is much less than its USD 1,243.7 million revenue last year.

The medical cosmetics market witnessed supply chain delays as a result of the COVID-19-imposed lockdowns, which included restrictions on import and export, aircraft cancellations, decreased output, and disrupted supply lines. The International Society of Aesthetic Plastic Surgery (ISAPS) also reported a global decline in nonsurgical treatments, including botulinum toxin and hyaluronic acid, in their procedure volume figures for 2020. Each of these three treatments resulted in a 0.9%, 6.1%, and 7.6% decrease. This example demonstrates how declining product demand in 2020 ultimately had an impact on market growth.

The COVID-19 criteria were gradually loosened in 2022 as the number of positive cases declined, helping the international market to recover from the epidemic. As the demand for injectable treatments increased internationally, major corporations like AbbVie Inc. and Revance Therapeutics saw their aesthetics portfolio develop. In contrast to the USD 12.9 million in the year 2020, Revance Therapeutics accounted for USD 70.8 million in 2022 for their RHA collection of dermal fillers. similar to AbbVie Inc., which saw a rise of 113.7% in their revenue from the sale of Juvederm internationally compared to 2020 due to an increase in brand investment and a significant recovery from COVID-19.
Dermal Fillers Market Dynamics:
Numerous businesses that produce facial injectables have made significant R & D investments in response to these encouraging market growth patterns. These R & D endeavours have produced a substantial number of goods with notably better aesthetic results. During the forecast period, these product introductions are also forecast to have a significant positive impact on the growing market. Therefore, increased demand for cosmetic operations along with the introduction of new products with a variety of applications will significantly fuel the growth of the worldwide dermal fillers market over the course of the forecast period.

Market Trends:

One of the most pervasive trends in the worldwide market is that practically all demographic groups have demonstrated a desire or predisposition for these minimally invasive or non-invasive procedures. For the male demographic, who are increasingly using these operations to improve their looks, this is especially important. For instance, a growing number of men are discovering that gravity and ageing can have a detrimental effect on the way their facial features appear. As a result, guys choose facial filler procedures due to their success in reversing the early gravitational ageing of the face. Additionally, it has the extra benefit of requiring no downtime for recuperation.

According to the ISAPS Global Survey Results, 12.2 % of all non-surgical treatments worldwide were performed on men in the hyaluronic acid demographic category. Dermatologists may pay more attention to this demographic group in the future, which would result in a rise in this proportion. As a result, these new trends are forecast to provide access to a new patient demographic for businesses operating on the worldwide market and to considerably boost market growth over the course of the forecast year.

Market Drivers:

The sharp rise in demand for facial aesthetics is one of the most important key factors contributing to the growth of the worldwide market. Recently, people have looked for less invasive, relatively painless treatments to maintain their youthful looks and facial health. Because invasive cosmetic procedures can come with a lot of hazards and frequently require the patient to spend extra time recuperating from the procedure, According to the American Society of Plastic Surgeons study, nearly 13.2 million cosmetic operations, including 3.4 million for soft tissue fillers, were performed in the United States in 2010. These compelling figures serve as just another example of how the demand for cosmetic operations has significantly increased.

The producers of filler materials have benefited from the growth in demand for these kinds of cosmetic operations. To fulfil the rising need for medical aesthetics, a number of aesthetics-related businesses are introducing more and more goods. For instance, the US Food and Drug Administration gave Galderma permission to market Restylane Kysse. The product's indications for lip augmentation and the repair of upper perioral rhytides are appropriate for people over the age of 21. (wrinkle around the upper lips). Due to increasing awareness, it is also forecast that such releases would enhance the demand for these operations.

The increasing number of R & D activities for the creation of novel fillers is one of the other main factors driving the worldwide market. There are many different aesthetic benefits to these items. The growth of the market is forecast to be fuelled by the increase in the number of non-invasive or minimally invasive cosmetic procedure application areas. Additionally, the numerous clinical studies conducted as a result of different R & D projects have a favourable impact on market growth. For instance, in November 2022, Silk Medical Aesthetics and Evolved by Nature revealed that the feasibility study they conducted on 44 patients as part of an FDA-approved Investigational Device Exemption (IDE) clinical trial had yielded favourable findings. Their all-natural dermal filler for nasolabial folds was the subject of the experiment (NLFs).

Additionally, the market will grow during the forecast period because of the favourable development patterns in the number of dermal filler treatments throughout the years. For instance, the International Society of Aesthetic Plastic Surgery (ISAPS) estimates that 4,315,859 hyaluronic acid filler treatments were carried out globally. Over the prior year, this represented a rise of 15.7%. During the forecast period, a similarly significant volume rise in the number of aesthetic operations is forecast to further support market growth.

Market Restraints:

Despite a variety of aesthetic applications, a number of restricting constraints are forecast to impede the growth of global market throughout the forecast time. One of the main obstacles preventing the fall in the growth of the worldwide market is the high cost of these items. The experience and credentials of the person administering the therapy, the kind of technique performed, and the amount of time and effort required for the process or treatment can all affect how much the dermal filler will cost. Additionally, the non-permanent nature of these products may need that the individual choose recurring cosmetic procedures. As a result, the person's financial load rises and they may decide against having these elective operations.

Another important element affecting the market's fall in growth is the negative consequences brought on by the administration of such filler injections. The injection site may experience discomfort, swelling, or bruising; other potential side effects include redness, bruising, infections, lumps, and bumps. In addition, unintentional injection of fillers into blood vessels can occasionally cause a few negative responses, such as eyesight loss and severe scarring, which must be dealt with in person. Therefore, the market's growth during the forecast period may be constrained by the aforementioned issues.
Dermal Fillers Market Segment Analysis:
Based on Material: Because hyaluronic acid (HA) is the industry standard for dermal fillers, it became the leading sector in 2021. New product launches in this market category are also helping to fuel the segment's growth. Hyaluronic acid-based products are increasingly in demand, mostly due to their safety and comparative lifespan. The growth of the market is also forecast to be fuelled by important firms, such as Allergan (AbbVie, Inc.), that provide hyaluronic acid products in high-growing countries like Europe.

Due to its safety characteristics, the calcium hydroxylapatite category had the second-highest market share in 2022. Key companies' launches of new goods in this market also contribute to the segment's growth. For instance, Allergan Aesthetics introduced HArmonyCa with lidocaine in April 2022. Both hyaluronic acid and calcium hydroxylapatite (CaHA), which stimulate collagen over time, are active constituents in the injectable dermal filler. Due to the increase in fat filler treatments in important regions like North America, the fat filler market is forecast to grow at a strong CAGR over the forecast period.

Due to these goods' lower acceptance rates as a result of their non-biodegradable nature, the PMMA (Poly (Methyl Methacrylate)) category had a smaller market share. Because of trends such as product re-launches, it is forecast that the Poly-L-lactic acid segment will see growth trends.Based on the Product: During the forecast period, it is forecast that the biodegradable segment will dominate the market. Because there are more product options in this area compared to non-biodegradables and because biodegradable goods have more aesthetic uses, the segment has a greater market share. The segment's growth is also forecast to be aided by the goods' higher level of safety, solid regulatory approval, and ongoing R&D activities by large and up-and-coming businesses to launch new products in the biodegradable market. For instance, the Israeli aesthetics business Hallura Ltd. stated in 2022 that their multi-site European clinical study using their next-generation hyaluronic acid dermal filler and their patented BIOLinkMatrix technology had yielded positive topline results. The nasolabial folds, cheeks, and lip augmentation are the three indications for which the dermal filler is being investigated for both safety and efficacy.

Due to the non-temporary nature of these items and the therefore much lower adoption rates, the non-biodegradable group had a smaller market share in 2022. Non-biodegradable materials are not decomposable and remain in the body for a longer period of time than temporary and semi-permanent fillers.

Based on the Application: Due to a higher demand for these kinds of treatments, the wrinkle correction sector accounted for the largest share of the application segment. It is forecast that this category will increase as a result of new product releases targeted towards it. Teoxane's RHA Redensity, which can be used to lessen the appearance of facial lines and wrinkles, was approved by the U.S. FDA in 2022.

Due to the high number of lip treatments, the lip enhancement segment made up the second-largest section. The category is forecast to be driven by the increased demand for cosmetic enhancements of the lips, which is being fueled by the advent of minimally invasive treatments. For instance, Merz Pharma just debuted Belotero Lips, a product designed exclusively to address perioral wrinkles and improve the lips. Due to product introductions like Allergan's (AbbVie, Inc.) JUVEDERM VOLUX, the volume/fullness category is expected to make a comeback and rank third among all segments. In the foreseeable term, it is forecast that scar therapy will represent a relatively smaller market share.

Based on the End-User: During the forecast period, the speciality & dermatology clinics market during the forecast period. The overwhelming amount of aesthetic operations performed in specialist and dermatological clinics is responsible for the segment's domination. This is the main driver of the segment's growth. These factors are likely to promote the segment growth in addition to the fact that cosmetic operations like wrinkle repair do not need a hospital stay.

Due to the significant amount of cosmetic operations, such as facial injectables, carried out in hospitals and clinics, this category had the second-highest market share in 2022. During the forecast period, the others category is forecast to see a comparably slower rate of market growth and revenue share.
Dermal Fillers Market Regional Insights:
The North America region dominated the market with 45 % share in 2022. During the forecast period, the region is forecast to have the lion's share of the worldwide market. Some of the factors contributing to this region's supremacy include its highly educated and economically secure populace as well as a considerably greater rate of cosmetic treatments carried out there. For instance, the American Society of Plastic Surgeons (ASPS) estimates that around 15.6 million cosmetic treatments were carried out in the United States. Additionally, it is forecast that new product releases and regulatory clearances will fuel the region's growth throughout the forecast period. For instance, Revance Aesthetics recently announced the debut of resilient hyaluronic acid (RHA) dermal fillers in the US market, according to the International Academy of Facial Aesthetics.

The Europe region is expected to witness significant growth at a CAGR of 7.5 % through the forecast period. Europe is forecast to have the second-highest market share in 2022, which may be attributed to the increased demand for dermal filler operations in major European nations and the continent's expanding R&D spending. For instance, according to the ISAPS Global Survey Results, Germany is one of the primary European nations with the greatest rate of cosmetic treatments, with an estimated 284,407 hyaluronic acid procedures carried out there.

The objective of the report is to present a comprehensive analysis of the global Dermal Fillers Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Dermal Fillers Market dynamic, structure by analyzing the market segments and projecting the Dermal Fillers Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Dermal Fillers Market make the report investor’s guide.
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Dermal Fillers Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 5 Bn.


Forecast Period 2023 to 2029 CAGR:
7.5%
Market Size in 2029:
US$ 8.3 Bn.


 Segments Covered:
by Material
Hyaluronic Acid
Calcium Hydroxyapatite
Poly-L-Latic Acid
PMMA
Fat Fillers
Others


by Product
Biodegradable
Non-Biodegradable


by Application
Scar Treatment
Wrinkle Correction Treatment
Lip Enhancement
Restoration of Volume/Fullness
Others


by End-User
Specialty & Dermatology Clinics
Hospitals & Clinics
Others



Dermal 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)
Dermal Fillers Market Key Players are:
1. ALLERGAN (AbbVie, Inc.) (U.S.)
2. Revance Therapeutics, Inc. (U.S.)
3. Merz Pharma (Germany)
4. Galderma (Switzerland)
5. SCULPT Luxury Dermal Fillers LTD (Czech Republic)
6. Prollenium Medical Technologies (Canada)
7. BIOPLUS CO., LTD. (South Korea)
8. Bioxis pharmaceuticals (France)
9. Anika Therapeutics, Inc. (U.S.)
10.Suneva Medical (U.S.)
11.DR. Korman (Israel)
12.Sinclair Pharma (U.K.)

Frequently Asked Questions:

1] What segments are covered in the Global Dermal Fillers Market report?
Ans. The segments covered in the Dermal Fillers Market report are based on Material, Product, Application and End-User.

2] Which region is expected to hold the highest share in the Global Dermal Fillers Market?
Ans. The North America region is expected to hold the highest share in the Dermal Fillers Market.

3] What is the market size of the Global Dermal Fillers Market by 2029?
Ans. The market size of the Dermal Fillers Market by 2029 is expected to reach US$ 8.3 Bn.

4] What is the forecast period for the Global Dermal Fillers Market?
Ans. The forecast period for the Dermal Fillers Market is 2023-2029.

5] What was the market size of the Global Dermal Fillers Market in 2022?
Ans. The market size of the Dermal Fillers Market in 2022 was valued at US$ 5 Bn.