The Dermal Filler Global Market Report 2023 by The Business Research Company, provides dermal filler market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Dermal Filler Global Market Report 2023, the market size is expected to grow from $5.44 billion in 2022 to $6.04 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global dermal filler industry is expected to grow to $8.5 billion in 2027 at a CAGR of 8.9%.
An increasing number of aesthetic procedures performed by plastic surgeons is expected to drive the growth of the dermal filler market going forward. Aesthetic procedures refer to procedures that improve the face and body appearance. There has been a growing emphasis on the body and beauty for identity and self-expression. Dermal fillers are used majorly in plastic surgery or aesthetic procedures to help create a smoother and fuller appearance on the face.
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The dermal filler market is segmented:
1) By Filler Type: Calcium Hydroxylapatite, Hyaluronic Acid, Poly-Alkylimide, Polylactic acid, Polymethylmethacrylate Microspheres
2) By Product: Biodegradable, Non-Biodegradable
3) By Application: Scar Treatment, Wrinkle Correction Treatment, Lip Enhancement, Restoration Of Volume or Fullness
4) By End-User: Hospital, Cosmetic Clinics, Outpatient Centres, Beauty Centres, Other End Users
Technological advancements have emerged as the key trend gaining popularity in the dermal filler market. Companies operating in the dermal filler market are focusing on developing innovative products for market growth. For instance, in April 2021, Sinclair Pharma, a UK-based pharmaceutical company, launched MaiLi, a new hyaluronic acid filler that harnesses the power of OxiFree HA technology for the treatment of medium-sized skin depressions, fine-lines, the periorbital area, and is effective for lip enhancement. MaiLi uses 24% less product for the same volumizing effect.
The dermal filler market report table of contents includes:
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