Zion Market Research has published a new report titled “Hyaluronic Acid-based Dermal Fillers Market by Product (Single-Phase Product, and Duplex Product), and Application (ChemoApplication, RadioApplication, Laser Application, Photodynamic Application (PDT) and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025”.
According to the report, global demand for Hyaluronic Acid-based Dermal Fillers Market was valued at approximately USD 3,618.2 Million in 2018, and is expected to generate revenue of around USD 6,264.29 Million by end of 2025, growing at a CAGR of around 8.22% between 2018 and 2025.
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Hyaluronic acid is the natural substance to your body. High concentrations are found inside soft connective tissues and the fluid around your neck. It also exists in some cartilage, joint fluids, and skin tissue. It is extracted and reformulated, and is now one of the most common filler forms. If the term sounds familiar, it is because it also pumps the same medication into the sore joints of patients with arthritis to alleviate pain and provide extra cushioning. Hyaluronic acid dermal fillers may be used to enhance skin contour and decrease skin depression due to scars, injury or lines. Hyaluronic acid fillers are one of the highly recommended injectable procedures by dermatologists worldwide due to their biodegradable nature. A wide range of products are available on the market for various cosmetic procedures such as wrinkle removal, lip increase, volume and contour restore, scar removal, hydration, and rhinoplasty.
Growth in the global dermal fillers market based on hyaluronic acid is driven primarily by rising demand for injection of invasive dermal fillers to remove wrinkles from the skin and look young. Market growth is observed also because of increasing numbers of dermatology clinics in various regions around the globe. Another factor affecting the growth of the global dermal filler market based on hyaluronic acid is the rise in technology for injecting the filler into the skin coupled with the increase in the disposable income of consumers, which they can now invest in dermal filler procedures. This also allows remarkably future expansion of the global hyaluronic acid-based dermal fillers market.
The market for Hyaluronic Acid-based Dermal Fillers is segmented based on product, application and region. Based on Product, the market is segmented into Single-Phase Product, and Duplex Product. Single-phase products dominated the market in 2018, and over the forecast period are expected to grow steadily. This can be attributed to the benefits of longevity and desirable effects of such products. Based on the Application segment, the market is bifurcated Wrinkle Removal, Lip Augmentation, Rhinoplasty and others. The wrinkle removal segment held the most significant market share in 2018. This can be due to the growing phenomenon of social networking websites, relentless peer pressure, and continuing popularity among women and men of all ages. Furthermore, hyaluronic acid-based dermal fillers are gaining popularity for the correction of facial structure and shape.
Regional segmentation includes the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. Due to the easy availability of products in this region and its versatile application in cosmetic and esthetic medicinal procedures, North America held the biggest market share in 2018. Improvements in health care facilities due to rapid economic development in countries such as China, Japan and South Korea have made Asia Pacific the most lucrative market. Dermal filler treatments are in high demand in these countries, and are available in beauty clinics and spas, especially in urban areas.
Some of the players included in Hyaluronic Acid-based Dermal Fillers market are 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
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