Dermal Fillers Market

Global Dermal Fillers Market Size (2024 to 2029)

As per our research report, the global dermal fillers market is expected to grow at a 6.67% CAGR during the forecast period and the global market size is forecasted to be worth USD 11.49 billion by 2029 and USD 8.32 billion in 2024. There has been a rapid increase in the use of dermal fillers in dermatology aesthetic practice.

Current Scenario of the Dermal Fillers Market

Dermal fillers are approved by the Food and Drug Administration for use in adults of 22 or above of age. FDA has approved only the safest and most effective dermal fillers after many regulatory tests, whereas many other products are not yet accepted. Dermal fillers are an invasive procedure that showcases effective results immediately where the person can normally do their daily activities without any time to rest or relax. Early aging is one of the common words we hear these days. Lifestyle changes and lack of physical activity are common factors that cause early aging symptoms in millennial people. Dermal fillers act as a perfect treatment procedure to reverse the signs of aging. Dermal fillers help restore the hydraulic levels that were lost due to too much sun exposure and hereditary factors. Millennial and Gen Z people are more inclined to focus on beauty, which is prompting the dermal fillers market’s growth rate.

MARKET DRIVERS

The rising adoption of aesthetic or cosmetic devices in developed countries is becoming more common, favoring global dermal fillers market growth.

The FDA recommends that all dermal filler packets be thoroughly inspected for authenticity. In March 2017, July 2018, and October 2018, the FDA became aware of counterfeit products being sold and used in the United States, reported by the FDA. With growing awareness of cosmetic anti-aging processes and the rise in the prevalence of minimally invasive surgeries throughout the forecast period, the market is expected to grow lucratively. Moreover, the emergence of technologically advanced and user-friendly products coupled with other factors, such as increasing social acceptance for aesthetic products and the expansion strategies of market players in emerging countries, are expected to drive market growth over the coming years.

The growing aging population worldwide is further fuelling the growth rate of the global dermal fillers market.

The growing geriatric population behaves as a rendering factor of high impact on the expansion of the industry. Increasing numbers of older people undergoing dermal filler therapy should increase business growth to restore lost volume and elevate sagging skin. According to WHO, there will be 1.5 billion people above 60 in 2050. For example, although France probably takes 150 years to adjust to a shift from 10% to 20% of the population over 60, Brazil, China, and India would take slightly less than 20 years. A growing number of facilities and professionals in developing countries. Due to growing awareness about dermal fillers, a government initiative in developing countries like India, China, Japan, etc. Increasing medical tourism, coupled with increasing consumer spending power.

The growing usage of hyaluronic acid (HA) among people propels the dermal fillers market growth.

 The key market players are working on new and more advanced techniques to improve the treatment and expand the product portfolio as the treatment lasts for 6 to 12 months, which is expected to drive the dermal filler market growth. In addition, there is an increasing demand for youth, and aesthetic facial skin is one of the market drivers. In addition, factors such as growing demand for non-invasive procedures for beauty appearance, increasing adoption of technological developments to manufacture adequate and safer dermal fillers, growing awareness and adoption of dermal fillers in multiple countries, increasing disposable income among people in the developed and developing countries are anticipated to fuel the growth rate of the global dermal fillers market.

MARKET RESTRAINTS

However, the potential risk with the dermal fillers is certainly to limit the growth rate of the market. Many people face some complications after the treatment procedure, such as skin redness, swelling, lumps, bruising, bleeding from the injection site, and others. In very rare cases, the side effects may be worse due to a lack of proper treatment process. All these factors may solely hinder the growth rate of the dermal fillers market. The procedure must be performed by experienced and well-trained persons where a minor mistake can lead to negative results with severe complications, which may hamper the growth rate of the dermal fillers market. Difficulty in finding well-trained people to perform these procedures is expected to slowly degrade the growth rate of the market. Stringent rules and regulations by government authorities to only approve high-quality treatment procedures in favor of public safety additionally degrade the market’s growth rate.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Dermal Fillers Market Analysis By Product

Based on the product, the biodegradable fillers segment had the largest market share of about 82% in 2023 and it predicted it would continue the same trend in the coming years due to the porous assets. In addition, there is a rise in the demand to improve the quality of treatment procedures, which is favoring segmental growth. 

The non-biodegradable segment is estimated to present a CAGR of 9.2% during the forecast period. Furthermore, these non-absorbable fillers' outcomes can be seen for 6-24 months. Therefore, the market postulate for non-absorbable will show sufficient growth in the forthcoming years.

Global Dermal Fillers Market Analysis By Therapeutic Area

Based on the therapeutic area, the deep facial lines and wrinkles segments accounted for most of the dermal fillers market share in 2023. These segments are also anticipated to showcase a promising CAGR during the forecast period. Factors such as the growing aging population across the globe and increasing demand for cosmetic surgeries propel the segment's growth rate. In addition, the rising adoption of non-invasive cosmetic treatment procedures among aging to treat aging signs such as wrinkles and fine lines is boosting segmental growth. In addition, increasing adoption of sedentary lifestyles and changing food habits further contribute to the segment's growth. Furthermore, the growing influence of social media and celebrities regarding the products and services of beauty appearance is anticipated to have a favorable impact on the segment's growth rate.

On the other hand, segments such as sagging skin and scars are predicted to witness a healthy CAGR and hold a considerable share of the global dermal fillers market in the coming years.

REGIONAL ANALYSIS

Regionally, the North American dermal fillers market accounted for the largest share of the global market in 2023 and the region’s domination is anticipated to continue during the forecast period. Factors such as the growing demand for non-invasive cosmetic procedures and the increasing need for a less complex, painful, and long-lasting process drive the North American market. In addition, dermal filler comes under the U.S. FDA, which has reduced the risk factor related to the overuse of chemicals. This has increased awareness about the advantages of dermal fillers, propelling the growth rate of the dermal filler market. In addition, there is an increasing number of aged people in this region due to the excellent mortality rate, and the low cost of the procedure is boosting the market growth in this region.

The European dermal fillers market occupied the second-largest share of the worldwide market in 2023 and is predicted to showcase a promising share during the forecast period. The growing geriatric population, the increasing need for advanced techniques, and ongoing clinical trials majorly drive the growth of the European market. In addition, rising awareness of dermal fillers and increasing beauty consciousness among women in Europe are promoting regional market growth. Furthermore, with the increasing geriatric rate and availability of procedures at low cost, there are 140 filters in the market, escalating the market. In addition, the fillers are non-prescription medicines in Europe, another major factor leading to the market's growth.

The Asia-Pacific dermal fillers market is projected to register the fastest CAGR among all the regions in the worldwide market during the forecast period. Awareness of minimally invasive cosmetic treatments among the population of APAC countries is growing rapidly, which is expected to boost regional market growth. In addition, increasing disposable income among the population of APAC countries such as China, India, Japan, and South Korea is estimated to fuel the growth rate of the APAC dermal fillers market.

The Latin America market is predicted to witness a steady CAGR during the forecast period owing to the rapid adoption of cosmetic procedures.

The dermal fillers market in MEA is estimated to hold a moderate share of the worldwide market in the coming years.

KEY PLAYERS IN THE GLOBAL DERMAL FILLERS MARKET

Companies such as Allergan Inc., AQTIS Medical, Bio ha Laboratories, Suneva Medical, Galderma, Merz Aesthetics, Cynosure, Syneron, and Cytophil Inc. are playing a leading role in the global dermal fillers market. 

RECENT HAPPENINGS IN THE MARKET

In 2023, Merz Aesthetics, global leader in medical aesthetics business  is all set to expand the usage and capability of the Belotero Balance (+) which is approved by the US Food and Drug Administration (FDA) for the improvement of the infraorbital hollow (IOH)in adults over the age of 21. The product shall offer excellent outcomes and is also highly flexible for both healthcare proffessionals and consumers.

DETAILED SEGMENTATION OF THE GLOBAL DERMAL FILLERS MARKET INCLUDED IN THIS REPORT

This market research report on the global dermal fillers market has been segmented and sub-segmented based on the product, therapeutic area, and region.

By Product

• Absorbable or Biodegradable
• Non-Absorbable or Non-Biodegradable

By Therapeutic Area

• Wrinkles
• Deep Facial Lines
• Sagging Skin
• Scars

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa