Dermal Fillers – Market Highlight
Global dermal fillers market is expected to grow at the CAGR of ~12.5% during the forecast period and is estimated to reach USD 10,008.4 million by 2023.In the past years, medical device implants industry has flourished. Its development has proven to be a positive influence for many markets. The global market for dermal fillers happens to be one amongst these. According to the research report published by MRFR (Market Research Future), this market will experience tremendous progression during the forecast period of 2018-2023.
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Dermal fillers are a kind of medical device implants that are employed to make the face appear smoother, clearer and fuller. They can also be utilized to enhance the width of hands. In common language they are known by different names like wrinkle fillers, soft tissue fillers and injectable implants.
Currently, many individuals across the world are resorting to medical treatments to enhance their features. Owing to this fact, it can be confidently asserted that the worldwide market for dermal fillers has a pretty bright future ahead.
Some of the key players in this market are: ALLERGAN (Republic of Ireland), Dr. Korman Laboratories (Israel), GALDERMA (Switzerland), Integra Lifesciences (US), Merz Pharma (Germany), Sinclair Pharma (UK), and Teoxane laboratories (Switzerland).
The global market for dermal fillers has been segmented into two distinct parts. Both of these and their respective sub-divisions are listed as below:
Applications – Lip treatments, facial line correction treatment and face-lift. Amongst the three, facial line correction treatment holds the largest share of the market and it will continue to grow in the projection period as well. By 2023, it is expected to reach the figure of USD 4,319 million.
Types – Polymers & particles, collagen, botlinum toxin and hyaluronic acid. Out of these botulinum toxin sub-segment dominates the market with majority of the market shares. On the other hand hyaluronic acid is expected to progress rapidly at the CAGR of 13.0%.
19 March, 2018 – A popular industry player, Merz Pharma, recently completed 110 years in this business. To celebrate this special occasion, they introduced their brand new range of anti-aging therapies, the list also included dermal fillers. The market has high hopes from this launch and it is expected to benefit the market in the coming years.
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Comprehensive Regional Analysis:
The dermal fillers market is not constrained in terms of regions, its presence is felt all across the globe. Some of the major areas where it prevails are North America, Asia Pacific, Latin America, Europe and Rest of the World.
The research report by MRFR (Market Research Future) suggests that Americas governs the market region-wise. The credit for this area’s lead goes to North America and Latin America, they have the highest conversion rates. It can be attributed to the presence of major market players in this field and also higher investment in research & development activities. In 2016, US earned a staggering USD 1,072 million.
Major TOC of Dermal Fillers Market Research Report – Global Forecast till 2023:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Dermal Fillers Market by Types
7 Global Dermal Fillers Market by Application
8 Global Dermal Fillers Market by Regions
9 Competitive Landscape
10 Company Profiles
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