Global demand for Hyaluronic Acid-based Dermal Fillers Market was valued at approximately USD 3618.2 Million in 2018, and is expected to generate revenue of around USD 6264.29 Million by end of 2025, growing at a CAGR of around 8.22% between 2018 and 2025.
The report covers forecast and analysis for the Hyaluronic Acid-based Dermal Fillers market on a global and regional level. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). 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 on the Hyaluronic Acid-based Dermal Fillers market we have included 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.
According to the report, global demand for Hyaluronic Acid-based Dermal Fillers Market was valued at approximately USD 3618.2 Million in 2018, and is expected to generate revenue of around USD 6264.29 Million by end of 2025, growing at a CAGR of around 8.22% between 2018 and 2025.
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.
The study provides a decisive view on the Hyaluronic Acid-based Dermal Fillers market by segmenting the market based on Product, Application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. Based on Product, the market is segmented into Single-Phase Product, and Duplex Product. In 2018, 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 Wrinkle Removal, Lip Augmentation, Rhinoplasty and others. The most important market share in 2018 was held by the wrinkle removal segment. This can be due to the increasing trend of websites for social networking, constant peer pressure, and 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.
North America held the largest market share in 2018 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.
Growth in the global market for dermal fillers based on hyaluronic acid is driven primarily by rising demand for invasive dermal fillers injection 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.
Key players within global Hyaluronic Acid-based Dermal Fillers market include 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 amongst others.
The report segments global Hyaluronic Acid-based Dermal Fillers market as follows:
Global Hyaluronic Acid-based Dermal Fillers Market: Product Segment Analysis
Global Hyaluronic Acid-based Dermal Fillers Market: Application Segment Analysis
Global Hyaluronic Acid-based Dermal Fillers Market: Regional Segment Analysis