According to
the deep-dive market assessment study conducted by Growth Plus Reports, the global
dermal fillers market was pegged at ~US$ 4.98 billion in 2021. The global
dermal fillers market is expected to witness a CAGR of ~7.1% from 2022 to 2030.
Dermal filler
procedures are performed for enhancing physical appearance, and age-related dermatological
issues. Dermal fillers are used for wrinkles reduction, facial line correction,
restoring volume in the face, smile fixation, and scar treatment. Increasing
demand for aesthetic correction, the rising influence of social media, and growing
disposable incomes are contributing to the global dermal fillers market growth.
Additionally, the increasing geriatric population’s obsession with a youthful
appearance, high research and development in dermatological fillers,
technological advancements, the introduction of novel fillers, and innovations
are driving the market growth.
As we age,
the skin starts to lose collagen which is responsible for skin elasticity and provides
structure and strength to the skin. Dermal filler reduces facial lines & wrinkles,
stimulates regeneration of skin cells, and also provides nourishment to keep
the skin hydrated and give youthful look. According to the World Health Organization,
in 2019, nearly 1 billion people aged above 60 years and by 2050 it is expected
that number will grow to nearly 2.1 billion. The growing number of aging people
is expected to increase the demand for anti-aging dermal filler, which in turn
is anticipated to boost the growth of the market during the forecast period.
Dermal
fillers are segmented as permanent fillers, and temporary & semi-permanent fillers.
Temporary and semipermanent dermal fillers are leading the market owing to greater
affordability, less time required for procedures, and reduced discomfort &
downtime. Temporary dermal fillers are bioresorbable and remain effective for six
months to one year. Additionally, they are easily removable if the patients do
not like the outcome. Semi-permanent fillers are more viscous and common semipermanent
fillers is poly-L-lactic acid. Some common temporary fillers are collagen-based
fillers, hyaluronic acid-based fillers, and calcium hydroxyapatite fillers fat
fillers, polymethyl methacrylate, and others. Hyaluronic acid holds the largest
market share, attributed to its biodegradable nature, affordability, and high
use in cosmetic products manufacturing. Hyaluronic acid also stimulates the regeneration
of skin cells, keeps skin hydrated, and repairs discoloration. Additionally, ease
of application, low cost as compared with other fillers, and introduction of
novel dermal fillers products are also contributing to the growth of the hyaluronic
acid market. Moreover, the future for hyaluronic acid dermal fillers is quite
promising credited to continuous research & development and emerging
biotechnology.
As per the American
Academy of Facial Plastic and Reconstructive Surgery, around 1.4 million
surgical and non-surgical cosmetic procedures have been performed in 2020 in
the U.S. Surgical procedures like facelift, blepharoplasty, and rhinoplasty are
the most common aesthetic procedures, yet the demand for non-surgical
treatments has been exponentially increasing. Approximately 79% of patients get
cosmetic procedures done to enhance their appearance for general aesthetic purposes,
or ambition to become celebrities on social media.
However, the high
cost of cosmetic procedures and little or no reimbursement policies, and increased
awareness about body positivity are restricting the market growth. According
to, The Aesthetic Society (a group of advanced board-certified aesthetic
plastic surgeons), in 2021, cosmetic surgical procedures in the United States
increased by 54%, and non-surgical cosmetic procedures increased by 44%. The
cost of cosmetic surgical procedures increased by 6%, and the cost of
non-surgical cosmetic procedures increased by 1% as compared to 2020. Other
challenges to this market include negligible government support, fewer
innovative products, risk of undesirable or unpredictable results, allergic
reactions, high cost of dermal fillers, and high cost of research &
development.
North America
dominated the global dermal fillers market, followed by the Asia Pacific. The
large share of North America in the global market can be attributed to more awareness
and interest in personal aesthetics, high disposable incomes, wide availability
of dermal filler products, and greater awareness about the availability of
skilled cosmetic surgeons. The number of medical spas and dermatology centers
has been consistently growing in North America. The outreach of these centers
is further augmented through the proliferation of marketing initiatives through
social media. Followed by the Asia Pacific is also expected to show exponential
growth owing to developing infrastructure, large population, increasing
awareness about healthcare, and emerging biotechnology & pharmaceutical
market. Additionally, increased penetration of social media, growing regional
market players, untapped opportunities, and growing disposable incomes are
contributing to the global dermal fillers market.
Some of the prominent players operating in the global
dermal fillers market are Galderma S.A., Sinclair Pharma Ltd, BIOXIS
pharmaceuticals, SCULPT Luxury Dermal Fillers Ltd., Koru Pharmaceuticals Co.,
Ltd., Dr. Korman Laboratories, Prollenium Medical Technologies Inc., Suneva
Medical, BIOPLUS CO., LTD., Anika Therapeutics, Inc., ALLERGAN (AbbVie, Inc.),
Revance Therapeutics, Inc., and Merz GmbH & Co. KGaA.
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