Overview and Scope
Hyaluronic acid-based dermal fillers refer to a form of dermal filler that is only used for a short period of time. Hyaluronic acid attracts water to the skin, making it more moisturized. It is used to treat shallow and fine wrinkles with Belotero and Restyling Silk, which prevents skin from aging.
Sizing and Forecast
The hyaluronic acid-based dermal fillers market size has grown rapidly in recent years. It will grow from <b>$4.47 billion in 2023 to $5 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. </b> The growth in the historic period can be attributed to aging population, rise in beauty consciousness, social media influence, proliferation of medical spas and aesthetic clinics, rise in e-commerce.
The hyaluronic acid-based dermal fillers market size is expected to see rapid growth in the next few years. It will grow to <b>$7.64 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. </b> The growth in the forecast period can be attributed to increasing disposable income, rising consumer awareness about personal hygiene and grooming, increasing demand for personal care products, economic growth. Major trends in the forecast period include natural and organic formulations, combination therapies, minimally invasive procedures, advanced delivery techniques, integration of virtual consultations and telemedicine .
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Segmentation & Regional Insights
The hyaluronic acid-based dermal fillers market covered in this report is segmented –
1) By Product: Single-Phase Product, Duplex Product
2) By Usage: Speciality And Dermatology Clinics, Hospitals And Clinics
3) By Application: Wrinkle Removal, Lip Augmentation, Rhinoplasty, Other Applications
<b>North America</b> was the largest region in the hyaluronic acid-based dermal fillers market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the hyaluronic acid-based dermal fillers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing demand for non-invasive dermatology techniques is driving the growth of hyaluronic acid-based dermal fillers. Deep palpation, x-rays, and blood pressure checks are examples of non-invasive tests that require breaking the skin or entering the body. Most of the treatments are non-invasive and are done by using acid-based dermal fillers as they have minimal risks involved and give long-lasting results. For instance, in February 2022, The American Society of Plastic Surgeons (ASPS), a society for American plastic surgeons, said that every year more than 17 million adults opt for cosmetic surgeries that consist of minimally invasive options such as body contouring, lasers, and injections. This demand is expected to drive the hyaluronic acid-based dermal fillers market.
Key Industry Players
Major companies operating in the hyaluronic acid-based dermal fillers market include <b> Bohus Biotech AB, AbbVie Inc., Galderma Laboratories L.P., Merz Pharmaceuticals GmbH, Genzyme Corporation, Anika Therapeutics Inc., LG Chem Ltd., Bio plus Co. Ltd., Sculpt Luxury Dermal Fillers Ltd., Bioxis Pharmaceutical, Sinclair Pharma plc, Laboratories Vivacy SAS, Medicis Aesthetics Holdings Inc., Inamed Corporation, Teoxane S.A., Suneva Medical Inc., Advanced Aesthetic Technologies Inc., Croma-Pharma GmbH, Cytophil Inc., DR. Korman Laboratories Ltd., Huons Global Co. Ltd., Revance Therapeutics Inc., Syneron Medical Ltd., TEOXANE Laboratories </b>
The hyaluronic acid-based dermal fillers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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