Dermal Fillers Market Size 2021 | Is Likely to Reach USD 6.64 Billion by 2027, Registering a CAGR of 9.3%

Pune, India, May 11, 2021 (GLOBE NEWSWIRE) -- Dermal Fillers Market Size| 2021 Covid-19 Impact On Automotive Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2027 is latest study published by Fortune Business Insights. The global dermal fillers market size is likely to reach USD 6.64 billion by 2027, registering a CAGR of 9.3% during the forecast period. Dermal fillers are used to regain the volume and bounce of facial skin. They are gel-like substances that are injected into the skin in cosmetic procedures. Fortune Business Insights™ has presented this information in an upcoming report titled, “Dermal Fillers Market, 2020-2027”. The market size stood at USD 3.73 billion in 2019.

The report divulges the several factors influencing the market growth. For instance, the rising awareness amongst the geriatric population for minimal meddling techniques is significantly fueling the demand filler market growth. Since 2000, the number of minimal meddling cosmetic procedures has risen by almost 200%, according to the American Society of Plastic Surgeons data.

COVID-19 Impact-

The global pandemic has dismantled the operational infrastructure of several industries and markets, including the Dermal Fillers Market. Hindered by the lockdowns, social distancing norms, and curfews, the massive disturbances in the operations and the supply chain networks can be witnessed hampering the market’s growth. The global impact of the COVID-19 crisis is expected to gradually fade away as economies are trying to wade their way through the pandemic. Due to virtual consultations, the cosmetology, and dermatology sectors, the market is slowly gaining traction. It is uncertain to say how long the situation may persist this way. Nonetheless, our research report’s in-depth analysis will help you gain valuable insights into this niche market.

Key Players in the Global Dermal Fillers Market:

  • Anika Therapeutics Inc. (Massachusetts, U.S.)
  • Suneva Medical (California, U.S.)
  • Prollenium Medical Technologies (Toronto, Canada)
  • DR. Korman (Kiryat Bialik, Isreal)
  • SCULPT Luxury Dermal Fillers LTD. (U.K)
  • Bioxis Pharmaceuticals (Lyon, France)
  • BIOPLUS CO. LTD. (South Korea)
  • Sun Pharmaceutical Industries Ltd (Mumbai, India)
  • Sinclair Pharma (London, U.K.)
  • Galderma (Lausanne, Switzerland)
  • Merz Pharma (Frankfurt, Germany)
  • Revance Therapeutics Inc. (California, U.S.)
  • ALLERGAN (Dublin, Ireland)


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Global Dermal Fillers Market Highlights:

The Dermal Fillers Market report offers an in-depth analysis of the Dermal Fillers industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Dermal Fillers market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

Segmentation-

On the basis of material, the market segments into calcium hydroxylapatite, hyaluronic acid, poly-L-Lactic acid, fat fillers, PMMA (Polymethyl Methacrylate), etc. On the basis of product, the market bifurcates into non-biodegradable and biodegradable. On the basis of its application, the market divides into lip enhancement, scar treatment, restoration of volume/fullness, wrinkle correction treatment, etc. On the basis of its end-user, the market segments into hospital & clinics, specialty & dermatology clinics, etc. Geographically, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Dermal Fillers Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.

Report Coverage-

The report is based on historical data and follows top-down and bottom-up approaches for an infallible forecast of the market. The report incorporates Porters’ five Forces Analysis for a precise prediction. The report contains data gathered through interviews with multiple stakeholders at global, regional, and country levels. The report also studies the political, social, economic, technological, and environmental factors promoting the growth of the market in several regions. The report also contains information on the competitive landscape of the prospected market, including the data on new product launches, key market trends, alliances, acquisitions, mergers, etc.

This report focuses on Dermal Fillers Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.


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Drivers & Restraints-

Escalating Demand for Painless and Easy Cosmetic Procedures to Propel Market Growth

People are getting more conscious about their youthful appearance. They are seeking easy and painless methods like filler injections, botulinum toxin injections, etc., to appear youthful and healthier. The demand for these minimally invasive methods and cosmetic surgeries has escalated drastically over the past few years. The escalating demand has urged manufactures and industrialists to launch new products. For instance, Revance Therapeutics signed a distribution agreement with TEOXANE SA. This will help Revance Therapeutics cater to the demand for RHA fillers. These factors are expected to fuel the Dermal Fillers Market growth in the forthcoming years.
However, the high cost of filler injections and their side effects are expected to act as a hindrance to market growth.


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Regional Insights-

Asia Pacific to Exhibit the Highest Growth Rate

North America is anticipated to dominate the global dermal fillers market growth due to multiple factors. The regional population is financially strong and is well acquainted with these cosmetic procedures. The region also accounts for a comparatively high number of these procedures. These factors are expected to augment the market growth in North America.

Escalating R&D expenditure, rising senior population, and an increasing number of individuals coming in for these filler procedures are expected to help Europe attain the second-highest rate of market growth.
Increasing awareness regarding the enhancement of their physical appearance amongst individuals in Asian countries, health infrastructure progress, and the growing senior population is amongst the key factors that are expected to help the Asia Pacific exhibit the highest CAGR in the forecast period.
Expanding health tourism is expected to help the Middle East & Africa, and Latin America witness moderate growth in the forthcoming years.


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Competitive Landscape-

New Product Launches and Expansions to Intensify Competition

The Dermal Fillers Market is fairly competitive and features three companies that possess the majority of shares in the worldwide facial filler market. The three companies, i.e., Allergan (AbbVie), Merz Pharma, and Galderma, have created a strong market presence. These companies are expected to significantly bolster market growth with their strategic moves. For instance, a new R&D-focused plant in Ireland was inaugurated by Allergan in January 2020.

Industry Developments-

  • August 2020: Revance Therapeutics Inc. launched the first and the only dermal filler approved by FDA. Known as the RHA Dermal Filler Line, these fillers will facilitate facial wrinkle correction.
  • February 2020: BioScience GmbH introduced their new injectable line named Hyaprof combines polydensified and monodensified fillers.


Table of Content from Dermal Fillers Market:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Overview of the Number of Dermal Fillers Procedures by Key Countries
    • Overview of Price Analysis of Types of Dermal Fillers
    • Overview of Regulatory Scenario by Key Countries
    • Overview of Reimbursement Scenario by Key Countries
    • New Product Launches
    • Pipeline Analysis
  • Global Dermal Fillers Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Ingredient
      • Hyaluronic Acid
      • Calcium Hydroxylapatite
      • Poly-L-lactic Acid
      • PMMA (Poly(methyl methacrylate))
      • Fat Fillers
      • Others
    • Market Analysis, Insights and Forecast – By Product
      • Biodegradable
      • Non-Biodegradable
    • Market Analysis, Insights and Forecast – By Application
      • Scar Treatment
      • Wrinkle Correction Treatment
      • Lip Enhancement
      • Restoration of Volume/ Fullness
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Specialty & Dermatology Clinics
      • Hospitals & Clinics
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Dermal Fillers Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Ingredient
      • Hyaluronic Acid
      • Calcium Hydroxylapatite
      • Poly-L-lactic Acid
      • PMMA (Poly(methyl methacrylate))
      • Fat Fillers
      • Others
    • Market Analysis – By Product
      • Biodegradable
      • Non-Biodegradable
    • Market Analysis – By Application
      • Scar Treatment
      • Wrinkle Correction Treatment
      • Lip Enhancement
      • Restoration of Volume/ Fullness
      • Others
    • Market Analysis – By End User
      • Specialty & Dermatology Clinics
      • Hospitals & Clinics
      • Others
    • Market Analysis – By Country
      • U.S.
      • Canada

TOC Continued…


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