Dermal Fillers Market To Reach US $ 4.04 Billion With Absorbable Dermal Fillers Representing 99% of Sales: IMF

Skin Fillers Market

High Demand Absorbable Dermal Fillers Make Up Over 90% of Dermal Fillers Sold: New Study

JUMEIRAH LAKES TOWERS, DUBAI, UNITED ARAB EMIRATES, Jan 11, 2022 /EINPresswire.com/ – Recent Future Market Insight (IMF) study provides exclusive insight into key trends and opportunities increasing the growth of the Fillers market cutaneous. It examines the scope of the market across various segments in terms of product, ingredient, application and distribution channel. The survey also predicts growth prospects for the dermal fillers market over the next 10 years.

The global dermal fillers market is estimated at US $ 4.04 billion in 2021, estimates Future Market Insights. The increasing applications of dermal fillers in the treatment of forehead augmentation and dentistry are driving the demand in the market.

There has been a substantial increase in minimally invasive cosmetic procedures, due to the growing emphasis on improving facial aesthetics. For this reason, the market is expected to grow at a CAGR of 2.9% during the forecast period 2021-2031.

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According to the American Society of Plastic Surgeons, approximately 13.2 million minimally invasive procedures were reported worldwide in 2020.

As dermal fillers are used in cosmetic procedures such as face lift, facial line correction, and liposuction, the increasing popularity of these procedures is expected to create lucrative growth opportunities in the market.

Many players are focused on launching new products to capitalize on these existing trends and gain competitive advantage. For example, Allergan plc. recently announced the launch of an advanced filler, Juvéderm® VOLUX.

The filler is specifically developed to increase volume and restore the jaw and chin area. As a result of these developments, IMF estimates that the market will register 2.8% year-on-year growth in 2021.

In terms of product, the absorbable segment is expected to dominate the market, accounting for over 99% of total sales by the end of 2031. High biodegradable properties, water holding capacity, better results and maximum binding capacity of the products of Absorbable fillers are the main factors in increasing the growth of the segment.

“The increase in research and development (R&D) activities to develop new products with innovative technologies such as spherification to provide stable and lasting results should bode well for the growth of the market,” said an analyst at IMF.

Key Points From Dermal Fillers Market Research

The United States is expected to remain a dominant market in North America, accounting for over 89% of regional sales in 2021.

Brazil is expected to become a very attractive market for dermal fillers, due to the growing number of cosmetic procedures in the country.

China is expected to take the lion’s share of the East Asian market, owing to the low cost of cosmetic procedures and the growth of the medical tourism industry.
The UK market is expected to grow rapidly in Europe, with annual growth of 5% in 2021.

In terms of ingredients, the hyaluronic acid segment is expected to show the fastest growing market in the market, with a CAGR of 3% during the review period.

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Key factors

The increasing use of dermal fillers in anti-aging procedures for the reduction of fine lines, skin folds, wrinkles and the like is propelling the demand in the market.

Growing applications of dermal fillers to rejuvenate the appearance of the face, smooth acne scars, reduce nasolabial folds, and correct cheeks, jaw and chin are driving sales in the cosmetic restoration segment.

Key restrictions

The unwanted effects associated with skin fillers such as swelling, scarring, infection, bleeding, and pimple-like rashes are hampering the growth of the market.

The high cost of cosmetic procedures such as liposuction, facelifts, and others, which use skin fillers, could limit sales.
Competitive landscape

The main players are focusing on the development of new products to expand their product portfolio. Some companies are focusing on adopting strategies such as collaboration, mergers, deals and acquisitions to strengthen their market footprint. For example,

In January 2020, AbbVie Inc. announced the acquisition of an Irish-based pharmaceutical company, Allergan Aesthetics. Allergan Aesthetics would operate as a new, dedicated company with its research and development (R&D) functions comprising botox Cosmetic, Coolsculpting body contouring, Juvederm collection of dermal fillers and other cosmetic products.

In October 2020, Sinclair Pharmaceuticals Ltds., A UK-based aesthetics company, announced that it had entered into a strategic distribution agreement with Saudi Arabia-based healthcare company Tamer Group KSA in order to extend its commercial aesthetic profile footprint with its exclusive distributor in Saudi Arabia. The strategy will help the company expand its market share and customer base in the Middle East and Africa.

Some of the major players operating in the market presented by IMF are:

Galderma Pharma SA
Sinclair Pharma plc
Zimmer Biomet Holdings
Allergan plc.
Anika Therapeutics Inc.
Merz Pharma GmbH & Co. KGaA
Suneva Medical inc.
Teoxane Laboratories Inc.
Prollenium Medical Technologies Inc.
Vivacy SAS Laboratories
Fidia Pharma USA Inc.
Others

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More valuable insights into the dermal filler market

The recent IMF study provides a detailed analysis of the global Skin Fillers market, providing vital insights on the key dynamics driving the market through to 2021 and beyond. The study also disclosed sales projections on the Dermal Fillers market with detailed segmentation:

By product

Absorbable
Not absorbable

By ingredient

Hyaluronic acid
Poly-L-lactic acid
Calcium hydroxylapatite
Polymethyl methacrylate
Collagen

By application

Aesthetic restoration
Dentistry
Reconstructive surgery

By distribution channel

Retail pharmacies and pharmacies
Hospital clinics and pharmacies
Online pharmacies

By region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

Key questions addressed in the report

The report provides an overview of the demand outlook of the Dermal Fillers market for the forecast period 2021-2031

The market study also highlights the expected sales growth for the Dermal Fillers market between 2021 and 2031.

The Dermal Fillers market research identifies key growth drivers, restraints, and other forces impacting dominant trends and evaluating the current market size and forecast and technological advancement in the market. within the industry

Dermal Fillers market share analysis, covering key companies in the sector and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of business information and advisory services, serving clients in more than 150 countries. IMF is headquartered in Dubai and has delivery centers in the UK, US and India. IMF’s latest market research and sector analysis reports help companies meet challenges and make critical decisions with confidence and clarity amid fierce competition. Our personalized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continually monitors emerging trends and events across a wide range of industries to ensure that our clients are preparing for the changing needs of their consumers.

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