Dermal fillers are cosmetic treatment injections given to prevent the effects of aging in the cheeks, lips, and the mouth. They are used in filling shallow areas of the face and fattening thinning lips. Market Research Future (MRFR) has outlined a list of drivers, opportunities, and restraints in the comprehensive dermal fillers market report.
Market Outlook
The global dermal fillers market is predicted to touch a value of USD 10,008.4 million by 2023, according to MRFR. It can achieve this benchmark by exhibiting 13.2% CAGR from 2017 to 2023 (forecast period). Changing norms regarding face and external appearances have propelled the demand for dermal fillers. This is evident with the demand rising sharply in Brazil, Japan, China, and India. Development of new filler techniques, new injections, and new materials is likely to bode well for the global market growth. It is supported by inclination of customers for non-invasive surgical procedures.
Large section of the population undergoing cosmetic surgery, the huge geriatric numbers, and widespread acceptance of dermal fillers can fuel the dermal fillers market. According to the World Health Organization, more than 2 billion of the world population can exceed the age of 50 by 2050. It is aided by improving procedures and rising disposable income levels of customers. Rising use of aesthetic medical practices as well as growing acceptance rate of dermal fillers can buttress the growing global dermal fillers market demand. Moreover, the growing cosmetic tourism is likely to work in favor of the market.
Regional Outlook
The global dermal fillers market study has covered across key regions like North America, Latin America, the Middle East & Africa (MEA) Europe and the Asia Pacific (APAC).
Among them, the Americas region is expected to remain a lucrative market for dermal fillers throughout the assessment period. In 2016, North America and Latin America communally captured more than one-third share of the market. Americas is then followed by Europe with the demand for facial aesthetics, as it is high in many of the European countries. This makes the region an important market for dermal fillers.
Europe’s region for dermal fillers market is likely to observe a double-digit CAGR during the forecast period. Asia Pacific’s market of dermal filler is also to witness the highest CAGR during the assessment period due to factors such as rising per-capita income, amplified acceptance of cosmetic procedures in countries of Asia Pacific and availability of more options of facial injectables.
Market Segmentation
The global market for dermal fillers has been segmented into two distinct parts. Both of these and their respective sub-divisions are listed as below:
Applications – Lip treatments, facial line correction treatment and face-lift. Amongst the three, facial line correction treatment holds the largest share of the market and it will continue to grow in the projection period as well. By 2023, it is expected to reach the figure of USD 4,319 million.
Types – Polymers & particles, collagen, botlinum toxin and hyaluronic acid. Out of these botulinum toxin sub-segment dominates the market with majority of the market shares. On the other hand hyaluronic acid is expected to progress rapidly at the CAGR of 13.2%.
Competitive Landscape
The dermal fillers market is supported by growing number of medical aesthetic facilities providing aesthetic services and the rise of innovative skincare products. The population growth around the world and increasing demand of dermal fillers market based services and products also support the market growth. However, the dermal fillers market growth can be affected due to side-effects associated with dermal fillers and limited developments in technology in some countries. The report covers all such details which will help companies in the dermal fillers market to strengthen their business plan and improve their product portfolio. The dermal fillers market research report also provides company profiles of major companies. The company profile of organizations operating in the dermal fillers market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the dermal fillers market. New entrants and established players can plan their strategies based on this data provided in the dermal fillers market research report.
Industry News
Allergan Aesthetics has announced that it had signed an agreement for the use of the dermal filler product range with Luminera, a private company located in Israel. Allergan Aesthetics will buy the full inventory of Luminera under the conditions of the arrangement to even further boost the successful portfolio of Allergan Aesthetics dermal fillers with JUV DERM fillers.
1 EXECUTIVE SUMMARY
1.1 OVERVIEW 13
1.1.1 MARKET SYPNOSIS 14
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 15
2.2 RESEARCH OBJECTIVE 15
2.3 LIST OF ASSUMPTIONS 15
3 RESEARCH METHODOLOGY
3.1 OVERVIEW 17
3.2 DATA MINING 17
3.3 SECONDARY RESEARCH 18
3.4 PRIMARY RESEARCH 19
3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 19
3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS 20
3.5 FORECASTING TECHNIQUES 20
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 21
3.6.1 BOTTOM-UP APPROACH 22
3.6.2 TOP-DOWN APPROACH 23
3.7 DATA TRIANGULATION 24
3.8 VALIDATION 24
4 MARKET DYNAMICS
4.1 OVERVIEW 25
4.2 DRIVERS 26
4.2.1 GROWING DEMAND FOR FACIAL AESTHETICS GLOBALLY 26
4.2.2 INCREASING NUMBER OF AESTHETIC PROCEDURES PERFORMED BY PLASTIC SURGEONS 26
4.2.3 COST-EFFECTIVE ALTERNATIVE TO COSMETIC SURGERIES 26
4.2.4 RESTRAINTS 28
4.2.5 SIDE-EFFECTS ASSOCIATED WITH DERMAL FILLERS 28
4.2.6 BLACK MARKET OF DERMAL FILLERS AND EFFECTS OF UNREGISTERED PRACTITIONERS 29
4.3 OPPORTUNITIES 30
4.3.1 INCREASING NUMBER OF CLINICAL TRIAL STUDIES 30
4.3.2 RISING DEMAND FOR MINIMALLY INVASIVE PROCEDURES 30
5 MARKET FACTOR ANALYSIS
5.1 PORTERS FIVE FORCES 31
5.1.1 THREAT OF NEW ENTRANTS 32
5.1.2 BARGAINING POWER OF SUPPLIERS 32
5.1.3 THREAT OF SUBSTITUTES 32
5.1.4 BARGAINING POWER OF BUYERS 32
5.1.5 INTENSITY OF RIVALRY 32
5.2 VALUE CHAIN ANALYSIS 33
5.2.1 RESEARCH AND DEVELOPMENT 34
5.2.2 MANUFACTURING PROCESS OF AESTHETIC PRODUCTS 34
5.2.3 MARKETING AND DISTRIBUTION 34
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