Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.60 Billion | USD 9.94 Billion | 8.95% | 2023 |
The global hyaluronic acid-based dermal fillers market size was worth around USD 4.60 Billion in 2023 and is predicted to grow to around USD 9.94 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.95% between 2024 and 2032. The report analyzes the global hyaluronic acid-based dermal fillers market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hyaluronic acid-based dermal fillers industry.
The report covers forecast and analysis for the Hyaluronic Acid-based Dermal Fillers market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the Hyaluronic Acid-based Dermal Fillers market along with the impact they have on the demand over the forecast period.
Additionally, the report includes the study of opportunities available in the Hyaluronic Acid-based Dermal Fillers market on a global level. In order to give the users of this report a comprehensive view of the Hyaluronic Acid-based Dermal Fillers market we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Product, Application, and regional segments are benchmarked based on their market size, growth rate and general attractiveness.
Hyaluronic Acid-based Dermal Fillers Market: Overview
Hyaluronic acid is your body's natural substance. Within soft connective tissues and the fluid around your face, high concentrations are found. It is also present in some cartilage and joint fluids and skin tissue. It is extracted and reformulated and is now one of the most popular types of injectable fillers. If the word sounds familiar, it is because the same drug is often pumped into the sore joints of arthritis patients to alleviate pain and provide extra cushioning.
Dermal fillers of hyaluronic acid can be used to improve the contour of the skin and reduce skin depression due to scars, injury, or lines. Because of their biodegradable nature, hyaluronic acid fillers are one of the highly recommended injectable procedures by dermatologists around the world. For various cosmetic procedures such as wrinkle removal, lip augmentation, volume and contour restoration, scar removal, hydration, and Rhinoplasty, a wide range of products are available on the market.
Hyaluronic Acid-based Dermal Fillers Market: Growth Factors
Growth in the global market for dermal fillers based on hyaluronic acid is driven primarily by the rising demand for invasive dermal filler injections to remove wrinkles from the skin and look young. Market growth is also the product of a growing number of dermatology clinics across the globe in different regions. Another factor that affects the growth of the global market for dermal fillers based on hyaluronic acid is the increase in technology for injecting the filler into the skin coupled with the increase in consumers' disposable income, which they can now invest in dermal filler procedures. This also allows the global market for dermal fillers based on hyaluronic acid to expand exceptionally in the future.
Hyaluronic Acid-based Dermal Fillers Market: Segmentation Analysis
The study provides a decisive view of the Hyaluronic Acid-based Dermal Fillers market by segmenting the market based on Product, Application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on Product, the market is segmented into Single-Phase Products and Duplex Products. In 2023, single-phase products dominated the market and are expected to grow steadily over the forecast period. This can be attributed to the benefits of such products as longevity and desirable effects.
Based on the Application segment, the market is bifurcated into Wrinkle Removal, Lip Augmentation, Rhinoplasty and others. The most important market share in 2023 was held by the wrinkle removal segment. This can be due to the increasing trend of websites for social networking, constant peer pressure, and the popularity of the procedure among both women and men of all ages. In addition, dermal fillers based on hyaluronic acid are gaining popularity for the correction of facial structure and form.
Report Attributes | Report Details |
---|---|
Report Name | Hyaluronic Acid-based Dermal Fillers Market |
Market Size in 2023 | USD 4.60 Billion |
Market Forecast in 2032 | USD 9.94 Billion |
Growth Rate | CAGR of 8.95% |
Number of Pages | 230 |
Key Companies Covered | Allergan, Anika Therapeutics Inc., Bioplus Co. Ltd., Bioxis Pharmaceutical, Bohus Biotech AB, Galderma Laboratories L.P, Genzyme Corporation, Laboratories Vivacy, LG Life Sciences, LTD (LG Chem), Merz Pharmaceuticals, Sculpt Luxury Dermal Fillers Ltd and Sinclair Pharma among others |
Segments Covered | By Product, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Hyaluronic Acid-based Dermal Fillers Market: Regional Analysis
North America held the largest market share in 2023 due to the easy availability of products in this region and its versatile application in cosmetic and esthetic medicinal procedures Improvements in healthcare facilities due to rapid economic development in countries such as China, Japan and South Korea have made Asia Pacific the most lucrative market. In these countries, dermal filler treatments are in high demand and are provided in beauty clinics and spas, particularly in urban areas.
Some of the major players in the global hyaluronic acid-based dermal fillers market include:
The report segments the global Hyaluronic Acid-based Dermal Fillers market as follows:
By Product Segment Analysis
By Application Segment Analysis
By Regional Segment Analysis
FrequentlyAsked Questions
Hyaluronic acid-based dermal fillers are injectable substances used to restore volume and smooth wrinkles in the skin. Hyaluronic acid is a naturally occurring substance found in the human body, responsible for skin hydration and elasticity.
According to a study, the global hyaluronic acid-based dermal fillers market size was worth around USD 4.60 billion in 2023 and is expected to reach USD 9.94 billion by 2032.
The global hyaluronic acid-based dermal fillers market is expected to grow at a CAGR of 8.95% during the forecast period.
North America is expected to dominate the hyaluronic acid-based dermal fillers market over the forecast period.
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