Global Hyaluronic Acid Based Dermal Fillers Market, By Туре (Ѕіnglе-рhаѕе Рrоduсt, аnd Duрlех Рrоduсtѕ), Аррlісаtіоn (Вооtlеggіng, Ѕсulрtіng, Fіll Ѕсаrѕ, Wrinkle Correction Treatment, Lip Enhancement, Restoration of Volume/Fullness), End-User (Hospitals, Specialty Dermatology Clinics) – Industry Trends and Forecast to 2030.
Hyaluronic Acid Based Dermal Fillers Market Analysis and Size
The growing demand for non-invasive dermatology techniques and increasing R&D investments for new hyaluronic acid-based dermal fillers are the primary factors for the market over the forecast period 2023-2030. It has been witnessed over the years that in the application segment, wrinkle correction held a major market share due to increasing customer awareness and the elderly population globally.
Data Bridge Market Research analyses a growth rate in the global hyaluronic acid based dermal fillers market in 2023-2030. The expected CAGR of the global hyaluronic acid-based dermal fillers market is around 6.80% in the mentioned forecast period. The market was valued at USD 4.31 billion in 2022 and would grow to USD 7.30 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Hyaluronic Acid Based Dermal Fillers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Туре (Ѕіnglе-рhаѕе рrоduсt, аnd Duрlех рrоduсtѕ), Ву Аррlісаtіоn (Вооtlеggіng, Ѕсulрtіng, Fіll Ѕсаrѕ, Wrinkle Correction Treatment, Lip Enhancement, Restoration of Volume/Fullness), By End-User (Hospitals, Specialty Dermatology Clinics)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Abbvie, Inc (Ireland), Anika Therapeutics, Inc. (U.S), Bio Plus Co., Ltd. (South Korea), Bioxis Pharmaceuticals (France), Bohus Biotech AB (Sweden), Candela Medical (U.S), Galderma Laboratories L.P. (U.S), Genzyme Corp. (U.S), NUVISAN GmbH (Germany), Laboratoires Vivacy (France),Medicis Aesthetics Holdings, Inc. (U.S), Merz Pharmaceuticals (Germany), Sculpt Luxury Dermal Fillers Ltd. (U.S), Sinclair Pharma (U.S)
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Market Opportunities
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Market Definition
Dermal fillers are the type of soft tissue fillers that are injected into the human skin to restore and smooth it. They are also widely utilized to get rid of wrinkles and other age symptoms visible on the skin. These fillers are a popular treatment for plumping the cheeks and lips, enhancing the facial contours, and filling creases and lines on the face. It is utilized to treat shallow and fine wrinkles with Belotero and Restyling Silk, which helps prevent skin aging.
Global Hyaluronic Acid Based Dermal Fillers Market Dynamics
Drivers
- Rising Demand for Non-Invasive Dermatology Techniques
Increasing demand for non-invasive dermatology techniques is enhancing the growth of the market. Most treatments are non-invasive and use acid-based dermal fillers since they have minimal risks involved and give long-lasting results. For instance, the American Society of Plastic Surgeons (ASPS) reported that above 17 million adults every year opt for cosmetic surgeries consisting of minimally invasive options such as lasers, body contouring, and injections in 2022. Thus, this factor boosts market growth.
- Increased Technological Developments by Market Players
Several technological advancements are enhancing market growth by developing major devices. Several companies operating in the hyaluronic acid-based dermal fillers sector are primarily focused on developing new technological solutions to boost their position in the hyaluronic acid-based dermal fillers. For instance, a new treatment known as laser resurfacing treatments was launched in the market, which is more efficient and less invasive, addressing multiple skin concerns in 2021. Thus, this factor boosts market growth.
Opportunities
- Growing Rate of Reconstructive Procedures
As per the 2020 Plastic Surgery Statistics Report by the American Society of Plastic Surgeons, around 15.6 million cosmetic procedures and 6.8 million reconstructive procedures were performed in the U.S. in 2020. The report also stated that about USD 16.7 billion was spent on cosmetic procedures in the U.S. This increasing rate of reconstructive surgeries led to the higher adoption of dermal fillers. Thus, such factors are expected to enhance the growth of the market.
Restraints/Challenges
- Lack of skilled professionals
The lack of qualified healthcare workers who cannot perform these dermal fillers for their surgeries could limit the market's growth over a forecast period. Few people are aware of the process, which eventually leads to its restricted use, directly hampers market growth.
- Side Effects of Dermal Fillers
There are various side-effects that are related with dermal fillers that hamper the market growth. Effects such as bruising, redness, swelling, pain, tenderness, itching, rash that are observed after the application of dermal fillers. Thus, this lead to the market growth.
This global hyaluronic acid based dermal fillers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global hyaluronic acid based dermal fillers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hyaluronic Acid Based Dermal Fillers Market Scope
The global hyaluronic acid based dermal fillers market is segmented on the basis of type, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ѕіnglе-рhаѕе рrоduсt
- Duрlех рrоduсtѕ
Application
- Вооtlеggіng
- Ѕсulрtіng
- Fіll Ѕсаrѕ
- Wrinkle Correction Treatment
- Lip Enhancement
- Restoration of Volume/Fullness
End-User
- Hospitals
- Specialty Dermatology Clinics
Hyaluronic Acid Based Dermal Fillers Market Regional Analysis/Insights
The global hyaluronic acid based dermal fillers market is analysed and market size insights and trends are provided by type, application, and end user as referenced above.
The major countries covered in the hyaluronic acid based dermal fillers market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market because of its well-established healthcare infrastructure, favorable policies, and increasing plastic surgery treatments. Also, key product launches, acquisitions, partnerships among major players, and increasing number of cosmetic procedures lead to market growth.
The Asia-Pacific market is expecting huge growth because of the growing population and improved technological advancements in the region. Also, the highest demand for dermal filling procedures leads to market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Hyaluronic Acid Based Dermal Fillers Market Share Analysis
The global hyaluronic acid based dermal fillers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global hyaluronic acid based dermal fillers market
Key players operating in the global hyaluronic acid based dermal fillers market include:
- Abbvie, Inc (Ireland)
- Anika Therapeutics, Inc. (U.S)
- Bio Plus Co., Ltd. (South Korea)
- Bioxis Pharmaceuticals (France)
- Bohus Biotech AB (Sweden)
- Candela Medical (U.S)
- Galderma Laboratories L.P. (U.S)
- Genzyme Corp. (U.S)
- NUVISAN GmbH (Germany)
- Laboratoires Vivacy (France)
- Medicis Aesthetics Holdings, Inc. (U.S)
- Merz Pharmaceuticals (Germany)
- Sculpt Luxury Dermal Fillers Ltd. (U.S)
- Sinclair (U.S)
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