Dermal Fillers Market Overview:
Dermal fillers or injectable are used in different areas of the face and have varying functionalities. The global dermal fillers market appears to be thriving and is likely to expand at a CAGR of 12.5% over the forecast period of 2017-2023, asserts market Research Future (MRFR) in an extensive study.
The global dermal fillers market was valued at over USD 4,450 Mn in 2016 and is expected to catapult to USD 10,008.4 Mn by the end of 2023. The rising number of ageing populations makes the market one having high market equity. According to the World Health Organization (WHO), the proportion of the world's population over 60 years between 2015 and 2050 will nearly double from 12% to 22%. Further, as per WHO estimates, by 2020, the number of people aged 60 years and older will outnumber children younger than 5 years and by 2050, 80% of older people will be living in low- and middle-income countries.
Dermal Fillers Market Segmentation:
The global dermal fillers market has been segmented based on type, and application.
- By type, the global dermal fillers market has been segmented into Botulinum toxin, Hyaluronic acid, Polymers & particles, and others.
- By application, the global dermal fillers market has been segmented into Facial line correction treatment, Face-lift, Lip treatments, Facial treatment and others.
Dermal Fillers Market Players:
- Galderma Laboratories LP (Switzerland)
- Allergan (Ireland)
- Merz Pharma (Germany)
- Dr. Korman Laboratories (Israel)
- Sinclair Pharma (UK)
- Teoxane Laboratories (Switzerland)
- Suneva Medical (US)
- SciVision Biotech Inc (Taiwan)
- Medytox (South Korea)
Brand awareness and brand loyalty plays a critical role in the global anti-ageing drugs market. Established market players must focus on the product development as well as market development strategies. Maintaining market equity is of utmost importance as the market is highly integrated and specialized. The industry is also resource and intellectual property intensive.
Among others are some key companies in the global Dermal Fillers that are listed by MRFR for market research.
Dermal Fillers Market Regional Analysis:
Geographically, the global dermal fillers market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
The Americas accounts for the largest share of 39.3% of the global market, led by the US and Mexico. Both these countries are popular destinations for cosmetic tourism. The rapidly aging population in the region coupled with the presence of advanced technologies and skilled cosmetic surgeons drive the market in the Americas. The Americas dermal fillers market is likely to reach USD 3769.6 Mn by the end of 2023.
APAC is poised to exhibit the fastest CAGR of 13.1% over the forecast period. Massive demand has been witnessed in the emerging economies of the region such as China, South Korea, India, and others. South Korea, in particular, is a significant market for dermal fillers. The country offers sophisticated cosmetic services at an affordable price which makes it a prime destination for cosmetic tourism.
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