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Data Bridge Market Research analyses a growth rate in the Hyaluronic acid Based Dermal Fillers Market in 2030. The expected CAGR of the global hyaluronic acid-based dermal fillers market is around 6.80% in the mentioned forecast period. The market was valued at USD 4.31 billion in 2022 and would grow to USD 7.30 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Dermal fillers are the type of soft tissue fillers that are injected into the human skin to restore and smooth it. They are also widely utilized to get rid of wrinkles and other age symptoms visible on the skin. These fillers are a popular treatment for plumping the cheeks and lips, enhancing the facial contours, and filling creases and lines on the face. It is utilized to treat shallow and fine wrinkles with Belotero and Restyling Silk, which helps prevent skin aging.
The growing demand for non-invasive dermatology techniques and increasing R&D investments for new hyaluronic acid-based dermal fillers are the primary factors for the market over the forecast period 2023-2030. It has been witnessed over the years that in the application segment, wrinkle correction held a major market share due to increasing customer awareness and the elderly population globally.
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Key players operating in the global hyaluronic acid based dermal fillers market include:
- Abbvie, Inc (Ireland)
- Anika Therapeutics, Inc. (U.S)
- Bio Plus Co., Ltd. (South Korea)
- Bioxis Pharmaceuticals (France)
- Bohus Biotech AB (Sweden)
- Candela Medical (U.S)
- Galderma Laboratories L.P. (U.S)
- Genzyme Corp. (U.S)
- NUVISAN GmbH (Germany)
- Laboratoires Vivacy (France)
- Medicis Aesthetics Holdings, Inc. (U.S)
- Merz Pharmaceuticals (Germany)
- Sculpt Luxury Dermal Fillers Ltd. (U.S)
- Sinclair (U.S)
Opportunities
- Growing Rate of Reconstructive Procedures
As per the 2020 Plastic Surgery Statistics Report by the American Society of Plastic Surgeons, around 15.6 million cosmetic procedures and 6.8 million reconstructive procedures were performed in the U.S. in 2020. The report also stated that about USD 16.7 billion was spent on cosmetic procedures in the U.S. This increasing rate of reconstructive surgeries led to the higher adoption of dermal fillers. Thus, such factors are expected to enhance the growth of the market.
Restraints/Challenges
- Lack of skilled professionals
The lack of qualified healthcare workers who cannot perform these dermal fillers for their surgeries could limit the market’s growth over a forecast period. Few people are aware of the process, which eventually leads to its restricted use, directly hampers market growth.
- Side Effects of Dermal Fillers
There are various side-effects that are related with dermal fillers that hamper the market growth. Effects such as bruising, redness, swelling, pain, tenderness, itching, rash that are observed after the application of dermal fillers. Thus, this lead to the market growth.
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Global Hyaluronic Acid Based Dermal Fillers Market Scope
The global hyaluronic acid based dermal fillers market is segmented on the basis of type, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ѕіnglе-рhаѕе рrоduсt
- Duрlех рrоduсtѕ
Application
- Вооtlеggіng
- Ѕсulрtіng
- Fіll Ѕсаrѕ
- Wrinkle Correction Treatment
- Lip Enhancement
- Restoration of Volume/Fullness
End-User
- Hospitals
- Specialty Dermatology Clinics
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