Dermal Filler Market will be Worth $10.3 billion, Globally, with around 12.5% CAGR by 2030 - Growth, Opportunities, Manufacturer Estimation.

Market Insights

The global dermal filler market revenue size jumped to US $3,571.6 million from an estimated US $2,157.6 million in 2020 at a growth rate of 65.5%. This is attributed to a strong recovery from the COVID-19 pandemic, and new product launches as well as increased brand investments. Further, the global dermal filler market revenue size is forecasted to reach $10.3 billion by 2030 at a CAGR of around 12.5%.

This can be attributed to the increased adoption of nonsurgical cosmetic procedures such as dermal fillers, the rapid surge in acceptance of anti-aging treatments by the 30-65 age groups, the growing number of facilities and professionals in developed countries, the rising popularity of lip treatments among females, and increasing usage of hyaluronic acid fillers among males.

Further, increasing cosmetic medical tourism coupled with the rising spending power of consumers, the need for the durability of dermal filler, and the introduction of licenses by the government for non-surgical cosmetic procedures such as botox and fillers are some of the major opportunities available in the market.

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Major Drivers of the Dermal Filler Market
The Increased Adoption of Nonsurgical Cosmetic Procedures Such as Dermal Fillers

Globally, nonsurgical cosmetic procedures have higher acceptance than surgical cosmetic procedures due to their advantages such as minimal recovery time, less pain, low risks, and fewer side effects.

The International Society of Aesthetic Plastic Surgery (ISAPS) produced a global report on aesthetic and cosmetic procedures performed in 2020, which revealed that a total of 10,129,528 (10 Mn) surgical cosmetics procedures were carried out globally, compared with around 14,400,347 (14Mn) non-surgical cosmetics procedures. More, procedures such as dermal fillers show a rapid rise in developed nations like the US.

In 2019, the dermal filler procedure number declined. The Board-certified plastic surgeons of the Society indicated that COVID-19 prevented them from doing elective cosmetics procedures.

However, the Aesthetic Plastic Surgery National Statistics reported that the total number of dermal filler procedures in the US reached 1,857,339 in 2021. This sudden increase in cosmetic procedures in 2021 is due to pent-up procedures during covid-19 and increased interest in cosmetic procedures after the pandemic.

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More as per the American Society of Plastic Surgeons survey report
• 35% of women who have previously had at least one cosmetic surgical procedure or minimally invasive procedure planned to spend significantly or somewhat more on treatments in 2021 than in 2020
• 11% of women surveyed indicated they were more interested in cosmetic plastic surgery or non-surgical procedures than before COVID-19.

Furthermore, dermal fillers remain top of the list for aesthetic treatments. This is because of the versatility of dermal fillers, providing an effective solution to a wide range of issues associated with the aging process.

As per the global consumer survey conducted by McKinsey in 2021 dermal fillers represent a powerful tool for rejuvenation, and fillers are a popular modality with which to restore and optimize facial proportions. Following are McKinsey 2021 consumer survey results which show the highest preference for dermal filler in order to restore facial proportions.

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Dermal Filler Market Competition

The major players in the global dermal fillers market include AbbVie, Inc., Galderma, Merz Pharma, Suneva Medical, BIOXIS pharmaceuticals, Huadong Medicine Co., Ltd, BioPlus Co., Ltd., Teoxane Laboratories, Bioha Laboratories, and Prollenium Medical Technologies. This market is led by AbbVie (Allergan), which holds the lion's share of more than 40% of the global market. This company will continue to hold its strong position in 2022 by earning revenue close to its previous year's earnings of US $1,535 million.

Dermal Filler Market Opportunity

Need for Durability of Dermal Filler

Injectable cosmetics treatments like dermal fillers are not permanent solutions and will gradually fade away, requiring occasional maintenance treatments. The durability of hyaluronic acid (HA) fillers is a major concern to dermatologists and patients. The durability of a dermal filler treatment depends on several factors, including the metabolism of each client, the type of filler used, and the treatment site.

According to experts Juvederm and Restylane are currently one of the long-lasting and most durable hyaluronic acid-based dermal fillers on the market. As per the dermatology group, Juvederm is world's one of the most popular dermal fillers that lasts up to two years with maintenance treatment. Restylane is the second most popular dermal filler in the world which last up to eighteen months with maintenance treatment.

Thus, the suppliers offering dermal fillers with high durability have a higher chance of gaining extra market share in the market.

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Major Market Players Covered in The Dermal Filler Market Are:
A few of the major competitors currently working in the global Dermal Filler market are Wellbeats, Inc., Wexer, FitnessOnDemand, Flexlt Inc., Curtis Health, VFit Studio, LLC, The Active Workplace, Virtual-Fitness, Curtis Health, FitPros, LLC., Healthworks Fitness, and Other Companies.

Global Dermal Filler Market Scope and Segments
Dermal Fillers Market, by Type
• Biodegradable
• Non - Biodegradable

Dermal Fillers Market, by Material Type
• Hyaluronic acid
• Collagen
• Calcium hydroxylapatite
• Poly-L-lactic acid
• Polyacrylamide gel
• Polymethyl methacrylate microspheres (PMMA)
• Dimethylsiloxane polymers
• Autologous fat

Dermal Fillers Market, By Application
• Facial Line Correction
• Face Lift
• Lip Enhancement
• Scar Treatment
• Wrinkle correction treatment
• Restoration of volume/fullness

Based on regions, the Dermal Filler Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina, etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

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This release was published on openPR.