Global Dermal Fillers Market Size Report 2023 | USD 9.00 Billion Industry by 2030
Fortune Business Insights
Updated 5 min read
Fortune Business Insights
As per the report by Fortune Business Insights, the global Dermal Fillers market size is projected to reach USD 9.00 billion in 2030, at a CAGR of 7.8% during the forecast period, 2023-2030
Pune, India, June 21, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, global Dermal Fillers Market size was valued at USD 5.01 billion in 2022 and is projected to grow from USD 5.32 billion in 2023 to USD 9.00 billion in 2030, exhibiting a CAGR of 7.8% during the forecast period. The need for cosmetic procedures has grown significantly and steadily in the contemporary environment, particularly non-invasive cosmetic procedures like dermal fillers. Dermal fillers are used for a variety of purposes, including the treatment of acne scars, decreased volume, wrinkles, and facial lines. These operations are anticipated to increase in number as disposable income increases around the world, particularly in emerging nations. Fortune Business Insights presents this information in its report titled "Dermal Fillers Market Forecast, 2023-2030”.
August 2022: Abbvie Inc. received FDA approval for the JUVÉDERM VOLUX XC to treat moderate to severe loss of jawline definition in adults over the age of 21.
Key Takeaways:
Dermal Fillers Market size in North America was USD 2.10 billion in 2022
The market expansion is set to receive a significant boost due to the increasing demand for minimally invasive cosmetic procedures.
The surging demand for facial aesthetics is a key driver for the global dermal fillers market.
The hyaluronic acid (HA) segment is expected to hold a major market share during the projected period.
Discover the Leading Players Featured in the Report:
Expanding Market Driven by Increase in Demand for Minimally Invasive Cosmetic Procedures
The sharp rise in demand for facial aesthetics is one of the most important major factors influencing the development of the global dermal fillers market. For a youthful appearance and a healthy visage, people have recently sought out simpler and more painless procedures. Because invasive cosmetic procedures frequently carry a variety of hazards and also require the patient to take additional days to recover from the procedure. These factors are anticipated to increase the dermal fillers market share.
One of the main obstacles preventing the dermal fillers market growth is the high cost of these products.
Segmentation:
By Material
Hyaluronic Acid
Calcium Hydroxylapatite
Poly-L-lactic Acid
PMMA (Poly (Methyl Methacrylate))
Fat Fillers
Others
By Product
Biodegradable
Non-Biodegradable
By Application
Scar Treatment
Wrinkle Correction Treatment
Lip Enhancement
Restoration of Volume/Fullness
Others
By End-user
Specialty & Dermatology Clinics
Hospitals & Clinics
Others
By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Regional Insights:
North America Dominates the Market due to Greater Number of Cosmetic Treatments
In 2022, the dermal filler market in North America was estimated to be worth USD 2.10 billion. During the projected period, the region is anticipated to have the lion's share of the global market. Some of the factors contributing to this region's supremacy include a population that is well educated and stable economically, as well as a significantly greater rate of cosmetic treatments carried out there.
Allergan's (AbbVie, Inc.) Strong Portfolio Will Help the Business Gain a Dominant Position
The market contains a broad set of competitors in terms of the competitive environment, with businesses ranging from big, well-established players to little, up-and-coming players. According to the current market situation, ALLERGAN (AbbVie, Inc.) controls the market and generates a substantial percentage of the income from the worldwide dermal fillers industry. The company's broad range of products, which includes the JUVEDERM Collection of HA fillers, helps it dominate the industry.
FAQs
How big is the Dermal Fillers Market?
Dermal Fillers Market size was USD 5.01 billion in 2022. It is expected to reach USD 9.00 billion in 2030.
How fast is the Dermal Fillers Market growing?
The Dermal Fillers Market will exhibit a CAGR of 7.8% during the forecast period, 2023-2030.
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.
