At 6.6% CAGR, Dermal Filler Market is Expected to Exhibit us$ 8.5 Bn by 2024
Sellbyville, DE -- (SBWIRE) -- 05/09/2019 -- The Dermal Filler Market is set to exceed USD 8.5 billion by 2024; according to a new research report by Global Market Insights. Rising awareness and acceptance regarding several cosmetic procedures in developed and developing regions coupled with increasing disposable income will impel dermal filler market size. Demand for dermal filler injections dramatically increased during recent years among high income Saudi Arabian women. Moreover, rising awareness about superior benefits coupled with minimal pain involved with the procedure will drive global dermal filler market growth.
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With increasing preference for minimally invasive and non-invasive procedures, dermal filler business will witness considerable increase in its revenue size. As per data based on a clinical center in the U.S., the demand for surgical facelifts declined as several surgeons started offering non-invasive facelifts, called mini-lifts using dermal fillers in the country. Additionally, these soft tissue fillers offer quick, affordable and durable treatment that should offer lucrative dermal filler market growth potential over the coming years.
Non-biodegradable dermal filler type segment accounted for USD 658.3 million in 2017. Permanent dermal fillers such as polymethyl-methacrylate (PMMA) offers long-lasting outcomes of facial hollows treatment. PMMA is affordable agent and is conveniently available that should positively impact segmental growth over the projected period. Calcium hydroxylapatite (CaHA) dermal filler material type segment contributed to 8.1% market share in 2017. CaHA is biodegradable filler that can be tested for any facial correction treatment for a short duration. Additionally, CaHA dermal fillers are rarely associated with post procedure complications that should support its rapid adoption in forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Allergan Biologics Ltd.
- Merz Pharma
- Syneron Candela
- Cynosure, Inc.
- Sinclair Pharma
- Suneva Medical
- Cytophil, Inc
- Prollenium Medical Technologies Inc.
- Teoxane Laboratories
- CROMA-PHARMA
- Huons Co., Ltd.
- Hangzhou Gallop Biological Products Co., Ltd
Facial line correction application segment accounted for largest market size of USD 2,511.1 in 2017 and the segment is forecasted to dominate the market throughout the estimation period. Expanding geriatric population across the globe seeking anti-aging and wrinkle treatment will be high impact rendering factor for segmental growth. Accelerating demand for numerous beauty enhancement procedures will further support facial line correction segment growth till 2024.
Medical spas, rejuvenation centers & surgeons office end-use segment will witness momentous growth at 6.6% CAGR over the projection timeframe. Remarkably growing demand for facial fillers at medical spas can be attributed to availability of specialized and affordable treatment options. Based on data from American Med Spa Association, facial filler constituted among the top three revenue-generating treatments in the U.S. Such factors will highly impact segmental growth.
Italy dermal filler market accounted for the highest market share of 24.2% of Europe dermal filler market in 2017. High revenue share can be attributable to growing adoption of non-invasive cosmetic procedures across Italy. According to The International Society of Plastic Surgery (ISAPS), around 266,100 injectable procedures were performed in Italy in 2017. In addition, presence of sufficient number of plastic surgeons in the country offer momentous Italy dermal filler industry growth in the forthcoming period.
Australia dermal filler market will foresee remarkable progress at 8.2% CAGR throughout the forecast timeframe. Increasing spending on non-invasive beauty treatments especially among baby boomers will highly impact dermal filler business growth. As per data from The Cosmetic Physicians Society of Australasia, demand for dermal fillers significantly increased during 2014 and is estimated to rise over the coming years. Thus, growing elderly population and presence of established players such as Allergan should augment Australia dermal filler market growth over the upcoming period.
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Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Dermal filler industry 3600 synopsis, 2013 – 2024 (USD Million)
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Material type trends
2.1.4. Application trends
2.1.5. End-use trends
2.1.6. Regional trends
Chapter 3. Dermal Filler Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Rising focus and awareness about facial aesthetics in developed regions
3.3.1.2. Growing elderly population globally
3.3.1.3. Increasing medical tourism coupled with rising spending power of consumers
3.3.1.4. Growing number of facilities and professionals in developed countries
3.4. Growth potential analysis
3.4.1. By type
3.4.2. By material type
3.4.3. By application
3.4.4. By end-use
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3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
Chapter 4. Dermal Filler Market, By Type
4.1. Key segment trends
4.2. Biodegradable dermal fillers
4.2.1. Market size, by region, 2013-2024 (USD Million)
4.2.2. Temporary biodegradable
4.2.2.1. Market size, by region, 2013-2024 (USD Million)
4.2.3. Semi-permanent biodegradable
4.2.3.1. Market size, by region, 2013-2024 (USD Million)
4.3. Non-biodegradable
4.3.1. Market size, by region, 2013-2024 (USD Million)
Data Tables
TABLE 1. Dermal filler industry 3600 synopsis, 2013 – 2024
TABLE 2. Global dermal filler market, 2013 – 2017 (USD Million)
TABLE 3. Global dermal filler market, 2018 – 2024 (USD Million)
TABLE 4. Global dermal filler market, by type, 2013 - 2017 (USD Million)
TABLE 5. Global dermal filler market, by type, 2018 - 2024 (USD Million)
TABLE 6. Global dermal filler market, by material type, 2013 - 2017 (USD Million)