Dermal Fillers Market Overview:

Dermal fillers or injectable are used in different areas of the face and have varying functionalities. The global dermal fillers market appears to be thriving and is likely to expand at a CAGR of 12.5% over the forecast period of 20172023, asserts market Research Future (MRFR) in an extensive study.

The global dermal fillers market growth was valued at over USD 4,450 Mn in 2016 and is expected to catapult to USD 10,008.4 Mn by the end of 2023. The rising number of ageing populations makes the market one having high market equity. According to the World Health Organization (WHO), the proportion of the worlds population over 60 years between 2015 and 2050 will nearly double from 12% to 22%. Further, as per WHO estimates, by 2020, the number of people aged 60 years and older will outnumber children younger than 5 years and by 2050, 80% of older people will be living in low- and middle-income countries.

The influence of media and fashion industry and social and attitudinal aspects of a region or nation also have a large impact on the market. Derma fillers market is currently in its infant stage and there is a lot of scepticism about its future. The Critical market constraints are scepticism, concerns of safety, stringent regulations and others. Quality of products is critical as derma fillers are xenobiotic which can have serious recuperations. The contradictory claims of self-proclaimed experts with claims that are difficult to validate have added to ambiguity.

Dermal Fillers Market Segmentation:

The global dermal fillers market has been segmented based on type, and application.

• By type, the global dermal fillers market has been segmented into Botulinum toxin, Hyaluronic acid, Polymers & particles, and others.
• By application, the global dermal fillers market has been segmented into Facial line correction treatment, Face-lift, Lip treatments, dermal sizes and others.

Dermal Fillers Market Regional Analysis:

Geographically, the global dermal fillers market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

The Americas accounts for the largest share of 39.3% of the global market, led by the US and Mexico. Both these countries are popular destinations for cosmetic tourism. The rapidly aging population in the region coupled with the presence of advanced technologies and skilled cosmetic surgeons drive the market in the Americas. The Americas dermal fillers market is likely to reach USD 3769.6 Mn by the end of 2023.

The Europe market is driven by similar factors as the Americas and is the second largest market for dermal fillers. Advanced healthcare sector and affordability will help the market achieve a CAGR of 12.9% over the forecast period.

APAC is poised to exhibit the fastest CAGR of 13.1% over the forecast period. Massive demand has been witnessed in the emerging economies of the region such as China, South Korea, India, and others. South Korea, in particular, is a significant market for dermal fillers. The country offers sophisticated cosmetic services at an affordable price which makes it a prime destination for cosmetic tourism.

Dermal Fillers Market Players:

Some of the key players in this market are: Allergan (Republic of Ireland), Dr. Korman Laboratories (Israel), GALDERMA (Switzerland), Integra Lifesciences (US), Merz Pharma (Germany), Sinclair Pharma (UK), and Teoxane laboratories (Switzerland).

Brand awareness and brand loyalty plays a critical role in the global anti-ageing drugs market. Established market players must focus on the product development as well as market development strategies. Maintaining market equity is of utmost importance as the market is highly integrated and specialized. The industry is also resource and intellectual property intensive.

Among others are some key companies in the global Dermal Fillers that are listed by MRFR for market research.

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