Injectable Dermal Filler Market Size, Share, Growth, and Industry Growth by Type (Hyaluronic Acid, Collagen, CaHA, and Others) By Application (Specialty & Dermatology Clinics, Hospitals, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

INJECTABLE DERMAL FILLER MARKET REPORT OVERVIEW

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The global injectable dermal filler market size was USD 4328.5 million in 2022 and is projected to touch USD 12899.7 million by 2031, exhibiting a CAGR of 12.9% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with injectable derma fillers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Injectable dermal fillers are gel-like substances injected under the skin to restore lost smoothness and volume, and soften wrinkles or enhance facial contours. These dermal fillers have developed rapidly and are getting closer and closer to "perfect" products. It is a long-lasting but non-permanent, high tolerance, delicate and natural cosmetic effects, and reversible in the event of adverse surgical outcomes.

Growing demand for cosmetic surgeries in the present day is anticipated to accelerate market growth. Increase in disposable income and consumer preference for filler treatments is increasing day by day. Such factors are expected to accelerate market growth. Growing awareness about the benefits of the filler treatment is predicted to surge market progress. Rising need to enrich and correct facial wrinkles, lip fillers and correction, and restorative lost volume. Such advantages of the product are estimated to boost product adoption. An increase in research and development activities to launch new products is anticipated to propel market growth. Growing demand for aesthetic and effective procedures is predicted to expand injectable dermal filler market growth in the coming years.

COVID-19 Impact: Border Closure and Lockdown Restrictions to Implead Market Growth

Lockdown restrictions and border closure across the world affected market growth. Medial cosmetics sector witnessed supply and chain disruptions coupled with lack of production disturbed supply channels. Closure of flight and ban on transportation fluctuated raw material prices. However, post-pandemic, market is expected to witness positive growth due to growing demand for cosmetic surgeries  

LATEST TRENDS

"Rapid Inclination of Filler in Male Population to Incite Market Progress"

Increasing adoption of fillers among male population globally is estimated to surge market growth. Growing facial treatments and high demand for effective facial surgery to reverse the early ageing symptoms. Growing trend for men beautification and adoption of filler treatments among men is predicted to surge market growth. Growing awareness about the filler treatment and increase population of men globally is anticipated to surge market growth. High demand for quick and effective treatments is projected to drive market growth. New trends for facial filler treatment to enhance look is projected to drive market growth. The fillers offer people to look young and beautiful. Growing demand to look handsome and toned among men population. Therefore, these factors are anticipated to expand injectable dermal filler market growth in the forthcoming years.

INJECTABLE DERMAL FILLER MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into hyaluronic acid, collagen, caha, and others.

Hyaluronic acid is expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into specialty & dermatology clinics, hospitals, and others.

specialty & dermatology clinics are expected to be the leading part of application segmentation.

DRIVING FACTORS

"Growing Demand for Minimally Invasive Cosmetic Procedures to Augment Market Growth"

Increasing demand for facial aesthetics and enhanced facial features are predicted to enhance market growth. The process has faster results, fewer associated risks, effectiveness, and conventional methods. High demand for facial correction and look more attractive. Such factors are responsible to fuel market growth. The need for minimally invasive procedures such as enhancing shallow contours, plump thin lips, removing wrinkles, softening facial creases, and improving the appearance of scars. Demand for these procedures among the population is estimated to fuel market progress in the upcoming years. Increase in the number of plastic surgeons is predicted to propel market expansion. Further, according to the American Society of Plastic Surgeons, in 2017, 2.7 million facial filler procedures were performed. An increase in disposable income is predicted to expand injectable dermal filler market growth.

"Growing number of people are Undergoing Facial Line Correction Treatment Procedures to Fuel Treatment Adoption"

Increase in number of people undergoing facial line correction treatment is expected to surge market growth. Inclination towards youthful facial appearance and growing focus on dynamic lines and addressing facial volume. Further, the high demand for dermal acid fillers is performed annually to enhance the facial features. An increase in penetration of the Internet and growing popularity fort fillers among the millennial population are anticipated to accelerate market growth. Increasing research and development activities to develop new practical and better fillers. These factors are expected to surge market growth. The presence of a large number of clinics and growing testing and cosmetic procedures are predicted to expand market growth in the upcoming years. In addition, celebrity endorsement and influence is anticipated to be crucial factor driving injectable dermal filler market growth.

RESTRAINING FACTORS  

"High Cost and Side Effects Associated with Fillers to Hamper Market Growth"

The high cost of the fillers is estimated to limit the market growth. Side effects of the treatment such as vision loss, pain, swelling, and bruising at the injection site. These side effects are predicted to hamper market growth in the forthcoming years.

INJECTABLE DERMAL FILLER MARKET REGIONAL INSIGHTS

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"Increase in Number of Hyaluronic Acid Fillers in North America to Drive Market Share  "

North America is estimated to hold the largest injectable dermal filler market share due to the increase in a number of hyaluronic acid fillers and the growing adoption of cosmetic procedures. New product launch and rise in R&D expenditure. Growing awareness about the benefits of the filler treatment is predicted to surge market progress. Rising need to enhance and correct facial wrinkles, lip fillers and correction, and restorative lost volume. Such advantages of the product are estimated to boost product adoption.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Allergan (U.S.)
• Galderma (Switzerland)
• LG Life Sciences (South Korea)
• Merz (Germany)
• HUGEL (U.S.)
• Beijing IMEIK (China)
• Medytox (South Korea)
• Bloomage BioTechnology (China)
• Croma-Pharma GmbH (Austria)
• Elravie (Humedix) (South Korea)
• Sinclair (U.S.)
• Haohai Biological Technology (China)
• Q.O.Fill (JW Pharmaceutical) (South Korea)
• Teoxane (U.K.)
• Suneva Medical (U.S.)
• Cleviel (Pharma Research Products)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.