Dermal Filler Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Material (Hyaluronic Acid, Calcium Hydroxylapatite, Poly-L-lactic acid, Polymethyl-Methacrylate Microspheres (PMMA), and Others); Application (Wrinkles & Scar Treatment, Lip Enhancement, Rhinoplasty, Aesthetic Restoration, and Others); End-Use (Dermatology Clinics, Ambulatory Surgical Centers, Hospitals, and Others); and Region/Country.
The global dermal filler market is expected to grow at a significant rate of around 8% during the forecast period. Dermal fillers are minimally invasive procedures that are used in aesthetic procedures and anti-aging solutions to reduce facial lines and restore firmness. Dermal fillers are concerned with the repair, reconstruction, or modification of the face to improve its look. Factors affecting health include the growth in surgical & non-surgical procedures among the youth, increasing medical tourism, technological aspects including the development of sophisticated materials such as hyaluronic acid, economic reasons such as increasing income, and low cost of these products are some of the main growth factors that are expected to drive the market growth during the forecast period. For instance, in 2020, according to the International Society of Aesthetic Plastic Surgery (ISAPS) global survey, there were 14,400,347 nonsurgical procedures performed worldwide.
AbbVie Inc., Merz Pharma, GALDERMA, BioPlus Co. Ltd., Bioxis pharmaceuticals, SCULPT Luxury Dermal Fillers Ltd., DR. Korman, Prollenium Medical Technologies, Advanced Aesthetic Technologies Inc., TEOXANE Laboratories. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst material, hyaluronic acid category to witness robust CAGR during the forecast period” Based Based on the material, the market is segmented into hyaluronic acid, calcium hydroxylapatite, poly-l-lactic acid, polymethyl-methacrylate microspheres (PMMA), and others. Among them, the hyaluronic acid category witnessed a significant growth rate during the forecast period. Moreover, hyaluronic acid helps skin stretch and flex and reduces skin wrinkles and lines. Hyaluronic acid is also proven to help wounds heal faster and can reduce scarring. Furthermore, growing demand for hyaluronic acid-based products, increasing product launches, and increasing hyaluronic acid procedures in this segment are the major factors for the growth of this market. For instance, in 2020, according to the International Society of Aesthetic Plastic Surgery (ISAPS) global survey, there were 4,053,016 Hyaluronic Acid (HA) procedures performed worldwide.
“Amongst application, the wrinkles & scar treatment to hold a significant share in the market in 2020”
On the basis of application, the market is categorized into wrinkles & scar treatment, lip enhancement, rhinoplasty, aesthetic restoration, and others. Among these, wrinkles & scar treatment to hold a significant share in the market in 2020. This is mainly due to the increasing number of baby boomers across the globe seeking anti-aging and wrinkle treatments is estimated to accelerate the product demand. Further, the rising emphasis on facial appearance will be a highly impacting factor for the segment expansion. For Instance, in 2022, the U.S. FDA approved Teoxane’s RHA Redensity which can be used to reduce the appearance of facial lines and wrinkles.
“North America to hold a significant share in the market”
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a considerable market share. This is mainly due to the well-established healthcare infrastructure, and high income would also contribute to the growth. Moreover, a highly aware and economically stable population coupled with a large number of cosmetic procedures performed in the region are the main factors for the growth of the market. For instance, according to the American Society of Plastic Surgeons (ASPS), in 2020, about 15.6 million cosmetic procedures were performed in the U.S. Furthermore, regulatory approvals and new product launches are also expected to drive the region’s growth in the forecast period.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Dermal Filler Market|
|2.2.||Research Methodology of the Dermal Filler Market|
|5||IMPACT OF COVID-19 ON THE DERMAL FILLER MARKET|
|6||DERMAL FILLER MARKET REVENUE (USD BN), 2020-2028F|
|7.4.||Polymethyl-Methacrylate Microspheres (PMMA)|
|8.1.||Wrinkles & Scar Treatment|
|9.2.||Ambulatory Surgical Centers|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||DERMAL FILLER MARKET OPPORTUNITIES|
|13||DERMAL FILLER MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Five Forces Analysis|
|17.4.||BioPlus Co. Ltd.|
|17.6.||SCULPT Luxury Dermal Fillers Ltd.|
|17.8.||Prollenium Medical Technologies|
|17.9.||Advanced Aesthetic Technologies Inc.|
Research Methodology for the Dermal Filler Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global dermal filler market were the three major steps undertaken to create and analyze the adoption of dermal fillers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Dermal Filler market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the dermal filler market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the dermal filler market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as material, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Dermal Filler market. Further, we conducted factor analysis using dependent and independent variables such as various material, application, and end-users of dermal fillers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the dermal filler market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global dermal filler market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the dermal filler market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global dermal filler market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global dermal filler market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of material, application, and end-user in the global dermal filler market.
The main objective of the Global Dermal Filler Market Study
The current & future market trends of the global dermal filler market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the dermal filler market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of material, application, and end-user.
- Define and analysis of the regulatory framework for the dermal filler
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the dermal filler market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Dermal Filler market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry