North America Leads Gains Owing to Growing Demand for Advanced Dermal Fillers

1
The rising demand for minimally-invasive
procedures aiding the growth of the global dermal
fillers market. Fortune Business Insights in a
new report, titled DERMAL FILLERS GLOBAL
MARKET ANALYSIS, INSIGHTS AND FORECAST,
2019-2026 suggests that the global market will
rise at a CAGR of 7.8 during the forecast
period, 2019-2016. The growing awareness about
dermal fillers treatment in developed as well as
developing countries will help the market reach
US 6,303.2 Mn by 2026. Furthermore, the global
market was worth US 3,471.5 Mn in 2018.
According to the American Society of Plastic
Surgeons (ASPS), over 15.9 million people in the
U.S. underwent minimally-invasive cosmetic
surgical procedures in the year 2015. The
increasing efficiency of dermal fillers is
encouraging the next-generation people to invest
in these surgeries. Dermal filler procedures help
to treat different skin related concerns such as
minimizing the appearance of wrinkles and lines.
It also adds fullness to areas which have thinned
with aging. North America Leads Gains Owing to
Growing Demand for Advanced Dermal Fillers In
2018, the market in North America was worth US
1,596.8 Mn. Driven by the growing demand for
innovative and advanced dermal fillers, the
region is expected to lead global market through
the forecast years. As per a study conducted by
ASPS, more than 2 million people in the U.S.
underwent hyaluronic acid procedures. Increasing
awareness about soft tissue fillers treatment in
the U.S. is expected to drive the market in North
America. Extensive availability of products in
this region is positively impacting the growth of
the market. Apart from North America, the market
in Asia Pacific is also growing substantially in
the forecast years. The rising demand for
aesthetics in China and India is creating growth
opportunities for the market in Asia Pacific. In
addition to this, the awareness about
effectiveness of dermal fillers for acne scars,
lips, and cheeks is increasing gradually, which
is driving the market in this region. Key market
leaders in India and China are adopting
strategies such as new product launches,
augmenting demand for dermal fillers. Demand for
Dermal Fillers to Rise Among Millennials
Propelling Growth in the Market Growing aging
population across the world positively impacts
the growth of the market. Increasing number of
aged people are undergoing dermal filler therapy
to uplift drooping skin and restore lost volume.
Continuous support from governments to RD
initiatives and recent regulatory approvals will
spur growth in the market. The dermal fillers
market is driven not only by the relative
longevity of tissue fillers, but it is also
predominantly driven by increasing safety
profiles, said a lead analyst at Fortune
Business Insights. Market players are constantly
focusing on innovating and upgrading their
product portfolio to ensure accurate and improved
aesthetic outcomes for patients, he added.
Driven by continuous innovations and
advancements, even millennials find dermal
filler treatment appealing. This will further
fuel demand for dermal fillers in the forecast
period. Product Launches by Market Players to
Accelerate the Market Growth
2
The report profiles some of the key players in
the global dermal fillers market. These include
BioPlus Co., Ltd., Galderma laboratories, Bioxis
pharmaceuticals, Suneva Medical, DR. Korman,
Sinclair Pharma, ALLERGAN, Merz Pharma, and
CANDELA CORPORATION. Among these, ALLERGAN was
leading the global market in 2018 encompassing a
large number of specialized and
technologically-advanced products. The company
offers a JUVÉDERM collection of dermal fillers,
which includes lip enhancement and wrinkles
correction. Moreover, the company launched
Juvéderm VOLUX to reduce fines lines on jawline
and chin. Another company called Merz Pharma
recently launched a dermal filler product called
Belotero Revive to meet the unique skin
requirements of aesthetic patients. Such product
launches are expected to help companies broaden
their product portfolio, which will stimulate
growth in the market. Browse Complete
Report https//www.fortunebusinessinsights.com/in
dustry-reports/dermal-fillers-market-100939 About
us Fortune Business Insights offers expert
corporate analysis and accurate data, helping
organizations of all sizes make timely decisions.
We tailor innovative solutions for our clients,
assisting them to address challenges distinct to
their businesses. Our goal is to empower our
clients with holistic market intelligence, giving
a granular overview of the market they are
operating in. Our reports contain a unique mix
of tangible insights and qualitative analysis to
help companies achieve sustainable growth. Our
team of experienced analysts and consultants use
industry-leading research tools and techniques to
compile comprehensive market studies,
interspersed with relevant data. At Fortune
Business Insights we aim at highlighting the most
lucrative growth opportunities for our clients.
We, therefore, offer recommendations, making it
easier for them to navigate through
technological and market-related changes. Our
consulting services are designed to help
organizations identify hidden opportunities and
understand prevailing competitive challenges.