The rising demand for minimally-invasive procedures aiding the growth of the global dermal
fillers market. Fortune Business Insights in a new report, titled “DERMAL FILLERS: GLOBAL
MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” suggests that the global market
will rise at a CAGR of 7.8% during the forecast period, 2019-2016. The growing awareness
about dermal fillers treatment in developed as well as developing countries will help the
market reach US$ 6,303.2 Mn by 2026. Furthermore, the global market was worth US$
3,471.5 Mn in 2018. According to the American Society of Plastic Surgeons (ASPS), over 15.9
million people in the U.S. underwent minimally-invasive cosmetic surgical procedures in the
year 2015. The increasing efficiency of dermal fillers is encouraging the next-generation
people to invest in these surgeries.
Dermal filler procedures help to treat different skin related concerns such as minimizing the
appearance of wrinkles and lines. It also adds fullness to areas which have thinned with aging.
North America Leads Gains Owing to Growing Demand for Advanced Dermal Fillers
In 2018, the market in North America was worth US$ 1,596.8 Mn. Driven by the growing
demand for innovative and advanced dermal fillers, the region is expected to lead global
market through the forecast years. As per a study conducted by ASPS, more than 2 million
people in the U.S. underwent hyaluronic acid procedures. Increasing awareness about soft
tissue fillers treatment in the U.S. is expected to drive the market in North America. Extensive
availability of products in this region is positively impacting the growth of the market.
Apart from North America, the market in Asia Pacific is also growing substantially in the
forecast years. The rising demand for aesthetics in China and India is creating growth
opportunities for the market in Asia Pacific. In addition to this, the awareness about
effectiveness of dermal fillers for acne scars, lips, and cheeks is increasing gradually, which is
driving the market in this region. Key market leaders in India and China are adopting strategies
such as new product launches, augmenting demand for dermal fillers.
Demand for Dermal Fillers to Rise Among Millennials Propelling Growth in the Market
Growing aging population across the world positively impacts the growth of the market.
Increasing number of aged people are undergoing dermal filler therapy to uplift drooping skin
and restore lost volume. Continuous support from governments to R&D initiatives and recent
regulatory approvals will spur growth in the market.
“The dermal fillers market is driven not only by the relative longevity of tissue fillers, but it is
also predominantly driven by increasing safety profiles,” said a lead analyst at Fortune
Business Insights. “Market players are constantly focusing on innovating and upgrading their
product portfolio to ensure accurate and improved aesthetic outcomes for patients,” he
added. Driven by continuous innovations and advancements, even millennials find dermal
filler treatment appealing. This will further fuel demand for dermal fillers in the forecast
period.
Product Launches by Market Players to Accelerate the Market Growth