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North America Dermal Filler Market to Witness Remarkable Growth 2020-2026

Author : Ronak Bora | Published Date : 2021-01-06 

The solitude of the COVID-induced lockdown has triggered a focus toward improving one’s self-image, resulting in an uptick in the demand for dermal fillers and Botox even during these catastrophic times. Consequently, by 2026, North America dermal filler market is anticipated to garner a revenue worth more than $3 billion. Growing at a promising pace, the North America dermal filler market is projected to surge at a CAGR of 6.8% between 2020 and 2026 and was estimated to be worth approximately $1.8 billion in 2019.

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The following topmost five trends have been playing a pivotal role in the growth of the North America dermal filler market share:

Face lift segment to register exponential growth

The face lift application segment is expected to represent more than 20% of the total market share during the forthcoming timeframe, as facial aesthetics has been gaining more attention of late. Face lift surgeries have become a buzzword in the beauty industry, with more than 1.23 lakh face lift surgeries conducted during 2019, according to the American Society of Plastic Surgeons (ASPS) survey amidst COVID.

Biodegradable dermal filler segment to command highest stature by type

In 2019, the biodegradable dermal filler segment accounted for a whopping 86% of the North America dermal filler market share and is expected to stay in the game with higher output during the coming years as well. The market players have been increasingly providing biodegradable dermal fillers. For instance, TEOXANE, one of the leading industry players, has been offering a range of biodegradable hyaluronic acid (HA) products. It has recently extended its presence to the Middle East in October 2020.

Calcium hydroxylapatite dermal fillers to gain traction in the wake of rising incidence of HIV AIDS

The calcium hydroxylapatite (CaHA) segment is expected to exhibit substantial growth over the forecast period and held a valuation of more than $ 150 million in 2019. This biocompatible material is utilized n dermal fillers for the treatment of facial fat loss and facial lines associated with the onset of HIV AIDS. The alarming rise in the incidence of HIV AIDS is expected to push the demand for CaHA, augmenting the North America dermal fillers market size.

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Medical spas and rejuvenation centers to demonstrate high growth rate

As a significant chunk of the population in North America have been gaining weight due to the COVID-driven ‘Zoom-effect’ alongside the snacking indulgence, the North America dermal filler market holds considerable potential for growth. Medical spas as well as rejuvenation centers are being frequented and have been exhibiting considerable demand for lip and face fillers.

US to claim a huge piece of the pie due to escalating popularity of minimally invasive procedures

In 2018, as many as 15 million minimally invasive procedures and nearly 17.7 million cosmetic procedures were conducted, according to the ASPS. While minimally invasive procedures have been a rage since quite a while, the self-introspection during the pandemic has made dermal fillers one of the top priorities for individuals. Hence, in a way, the spiraling demand for minimally invasive procedures including Botox and dermal fillers during COVID has brought the ‘feel-good’ consumer mindset in focus.

Thus, driven by the trending ‘Zoom-effect’ that has compelled individuals to notice their facial flaws during video conferencing, a social media-worthy image is being increasingly sought. This trend is here to stay and will reinforce the North America dermal fillers market growth over the next few years as well. 

Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Definition and forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data sources

1.3    References & sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    North America dermal filler industry summary, 2015 – 2026

2.1.1    Country trends

2.1.2    Type trends

2.1.3    Material type trends

2.1.4    Application trends

2.1.5    End-use trends

Chapter 3   North America Dermal Filler Market Insights

3.1    Industry segmentation

3.2    Industry outlook, 2015 - 2026

3.3    Major factor analysis

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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