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Dermal Filler Market to Exhibit a Profitable Growth Of 6.6%

Author : Rahul Sankrityayan | Published Date : 2019-04-15 

The Dermal Filler Market is set to exceed USD 8.5 billion by 2024; according to a new research report by Global Market Insights. Increasing obsession about physical appearance, rising disposable income and growing awareness about facial aesthetics will drive dermal filler industry over the forecast timeframe. Shift in preference from invasive to non-invasive surgical procedures should accelerate industry growth. According to The International Society of Aesthetic Plastic Surgery (ISAPS), the number of non-surgical cosmetic procedures has increased by around 9% annually in 2017. Cost-effectiveness offered in some countries such as China, India for dermal filler therapy will support regional dermal filler market growth.
 
Growing geriatric population will act as high impact rendering factor for industry expansion. Rising number of elderly people undergoing dermal filler therapy to restore lost volume and uplift sagging skin should escalate business growth. Hyaluronic acid therapy is most common therapy performed on elderly, as loss of hyaluronic acid with age results in dehydration and wrinkling of skin. According to a study by Dermatology Centre of Acadiana, population aged 55 years and above accounted for about 49% of total patients undergoing dermal filler treatment in the 2016. With increasing awareness about anti-aging cosmetic procedures, the Dermal Filler Market is anticipated to grow lucratively during the forecast period.

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Facial line correction segment held more than 40% Dermal Filler Market share in 2017 owing to growing demand for remove/reduce effects of ageing appearing on the skin. Growing beauty consciousness and availability of several non-surgical cosmetic procedures will positively impact industry growth. Soft tissue fillers are capable of smoothening frown lines between the eyebrows, nasolabial folds and skin. Thereby, resulting in high adoption and increasing segmental growth.      
  
Lip enhancement segment will witness 7.7% CAGR during the forecast period due to growing demand for lip augmentation. Dermal fillers offer predictable and controlled outcomes, thus largely adopted for procedures such as lip augmentation. Hyaluronic acid dermal filler is most commonly used for lip enhancement. Frequent launch of new products in the market, designed for lip enhancement should support Dermal Filler Market growth.

Hyaluronic acid segment accounted over USD 4.5 billion in 2017. Hyaluronic acid is associated with dehydration and wrinkling of skin. It is commonly adopted by elderly people to correct facial lines and reduce wrinkling. After Botox, hyaluronic acid is most commonly performed non-surgical cosmetic procedure in the U.S. Large number of approved products, lower risk of complications and growing adoption should accelerate segment growth during the forecast period.
 
Autologous fat segment is estimated to experience robust growth of 8.9% during the forecast period. Less invasiveness is major driving factor for the segment growth. Moreover, applications of fat dermal filler including treatment of facial scars, nasolabial folds, forehead and temporal augmentation should escalate its adoption rate over the coming years.

Biodegradable fillers segment held largest Dermal Filler Market share of around 88% in 2017 due to safety offered by this type of fillers. Complications related with the use of dermal fillers disappears spontaneously as biodegradable substances are eventually metabolized by the body. Juvederm XC, a hyaluronic acid developed by Allergan is commonly used to reduce facial lines. Industry players are increasingly investing into development of biodegradable fillers that removes necessity of allergy testing.
 
Growing demand for enhancement of cosmetic value for shorter timeframe has escalated demand for temporary biodegradable dermal fillers. Temporary biodegradable dermal fillers segment is estimated to grow by 6.2% during the forecast period. This type of dermal fillers last less than year, hence it is frequently adopted by patients wanting to experiment with soft tissue augmentation, but do not want new look for prolonged time.

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Some of the notable players operating in dermal filler market are Allergan PLC, Merz Aesthetics, Galderma Laboratories (Nestle) and Bioform Medical, Inc. Major market players are concentrating on R&D to develop and introduce superlative and improved product to capture significant market share and gain competitive edge. For instance, in December 2016, Galderma Laboratories received approval from the US FDA for two next-generation hyaluronic acid dermal fillers Restylane Defyne and Restylane Refyne.

Market, By Type

Biodegradable
Temporary biodegradable
Semi-permanent biodegradable
Non-biodegradable

Market, By Material Type

Hyaluronic acid (HA)
Calcium hydroxylapatite
Poly-L-lactic acid
Polymethyl-methacrylate microspheres (PMMA)
Fat

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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