Global Dermal Fillers Market to Reach USD 13.0 Billion by 2031: Trends and Insights
The global dermal fillers market was valued at US$ 5.1 Bn in 2021 and is projected to advance at a CAGR of 10.3% from 2022 to 2031.
Dermal fillers are used by facial plastic and reconstructive surgeons to reduce the signs of aging. Dermal fillers are effective in the restoration of the volume and fullness of the face. The dermal fillers industry is witnessing significant growth due to advances in standard guidelines for the usage of face and lip fillers in the U.S. and the U.K. The CPSA's Standards of Practice in the U.K., for instance, outline clinical and practice requirements for non-surgical cosmetic procedures, including those involving face fillers.
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Social media is significantly influencing the growth of aesthetic medicines in developed as well as developing countries. A large proportion of individuals is willing to undergo a cosmetic procedure due to reinforcements by social media platforms. Additionally, social media is increasingly used as a powerful method to advertise for cosmetic treatments. Soft tissue injection has become one of the common corrective interventions in facial lipoatrophy (that is, treatment of facial rejuvenation with fat restoration). The trend is likely to offer lucrative business opportunities to companies in the next few years. Demand for dermal filler procedures in hospital settings is expected to increase significantly in the near future. Based on end-user, the hospitals segment accounted for the major share in 2021. This trend is anticipated to continue over the next few years.
Key Findings of Study
High Preference for Hyaluronic Acid-based Dermal Fillers
In terms of material found that the hyaluronic acid segment held the leading market share in 2021. The segment is projected to expand rapidly during the forecast period. Considerable preference for hyaluronic acid (HA) dermal fillers in facial rejuvenation procedures is anticipated to bolster the segment. HA-based dermal filler is an effective and safe, a non‐permanent injectable device/implant used to fill fine lines and wrinkles and add curves and contours in the face. Introduction of advanced HA gels that are suitable for the treatment of dynamic wrinkles is expected to propel the segment growth over the next few years.
Rise in Utilization of Biodegradable Dermal Fillers for Facial Rejuvenation,
Soft tissue biodegradable fillers are widely preferred by consumers seeking affordable and safe facial rejuvenation procedures. Biodegradable dermal fillers considered safer in terms of common side effects than non-biodegradable ones. Based on product, the biodegradable segment constituted the leading market share in 2021.
Key Growth Drivers of Dermal Fillers Market
- Increase in demand for minimally-invasive cosmetic procedures is a key driver of the market. Continuous advancements in soft tissue augmentation techniques and growth in number of clinical trials focusing on safety of injectable implants are broadening market outlook.
- Private equity firms are investing in plastic surgery service providers who are offering non-surgical esthetic medical services of medical spas. This is accelerating the access to non-surgical cosmetic procedures for consumers. Growth in private equity investment is anticipated to fuel the dermal fillers market. Leading plastic surgery practice providers/centers in developed countries are also engaging in acquisition of cosmetic surgery centers and medspas to augment market share.
Regional Landscape
North America accounted for the leading market share in 2021. Together with Europe, the region constituted more than 40.3% share of the global dermal fillers market in 2021. Research & development activities in hyaluronic acid (HA) fillers have rapidly advanced in the past few years in both these regions. Increase in number of licensed health care providers offering non-surgical esthetic treatments in the U.S. is positively influencing the demand dynamics of the market in North America. A number of approved uses of dermal fillers by the U.S. FDA is expected to help broaden the canvas for investments by market players.
Asia Pacific is projected to be a lucrative market for dermal fillers during the forecast period. Increase in revenue for companies in the region can be ascribed to significant demand for anti-aging procedures, especially in India and China.
Competition Landscape
Leading players are focusing on new product development to increase their market share. Prominent companies are investing in mergers & acquisitions, partnerships, and collaborations in order to consolidate their market position.
Key players operating in the dermal fillers market are
- AbbVie Inc.
- Sinclair Pharma
- Merz Pharma
- Galderma
- BioPlus Co. Ltd.
- Bioxis Pharmaceuticals
- Dr. Korman
- TEOXANE LAboratories
Segmentation
The global dermal fillers market is segmented based on
Product
- Biodegradable
- Non-biodegradable
Material
- Calcium Hydroxylapatite
- Hyaluronic Acid
- Collagen
- Poly-L-lactic acid
- PMMA
- Fat
- Others
Application
- Facial Line Correction
- Lip Enhancement
- Scar Treatment
- Others
End-user
- Hospitals
- Ambulatory Surgical Centers
- Dermatology Clinics
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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