Utilizing both primary and secondary research methods, Reports and Insights investigated the “Hyaluronic Acid Dermal Fillers Market” from every perspective in recent times. The issued report is promising the clients to help them gain a deeper understanding of prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, pricing trends, and so forth. The data is then compiled and evaluated using a scale of market assessment and data validation approaches. In addition, Reports and Insights have an in-house data prognostic approach that prophecies market growth through 2030.
The global hyaluronic acid dermal fillers market in 2022 is estimated for more than US$ 4.1 Bn and expected to reach a value of US$ 7.8 Bn by 2030 with a significant CAGR of 8.4%.
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Hyaluronic Acid Dermal Fillers Introduction
The global dermal fillers market is expanding at a rapid pace due to growth in the adoption of aesthetic procedures in developed countries such as the U.S., U.K, Germany, Ireland, etc. Hyaluronic acid dermal fillers are gaining importance in soft tissue fillers over the past several years.
Approval of many new hyaluronic acid dermal fillers has revolutionized the cosmetic and plastic surgery industries and the portfolio of approved products is continuously increasing. According to survey results from the American Society for Aesthetic Plastic Surgery (ASAPS), injection of hyaluronic acid dermal fillers is the fifth most commonly performed anti-aging procedure in the U.S., the number one being the injection of botulinum toxin, type A.
Aging face eventually loses subcutaneous volume over time, which results in an increase in lines and wrinkles of the skin. Hyaluronic acid fillers play an important function in correcting changes associated with aging and wrinkles primarily in the lower one-half of the face.
Hyaluronic Acid Dermal Fillers Market Dynamics
The growing number of cosmetic surgery procedures is one of the primary factors driving the growth of hyaluronic acid dermal fillers globally. According to the American Society for Aesthetic Plastic Surgery (ASAPS), there has been a 48% increase in the number of dermal filler procedures performed in the U.S. during 2012 and 2015.
Moreover, a variety of hyaluronic acid dermal filler products are continuously being approved by the FDA and Health Canada, which is an important factor pushing the demand for hyaluronic acid dermal fillers. Besides, hyaluronic acid-based dermal fillers are proving effective over previously approved bovine-derived collagen products such as Zyderm and Zyplast. Some of the popular brands of hyaluronic acid dermal fillers include Orthovisc, Monovisc, Hylaform, Restylane, etc.
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Hyaluronic Acid Dermal Fillers Market Segmentation
The global hyaluronic acid dermal fillers market is segmented on the basis of product type, distribution channels, and region. On the basis of product type, the global hyaluronic acid dermal fillers market is segmented into single injection, three injections. On the basis of the distribution channels, the global hyaluronic acid dermal fillers market can be segmented into hospital pharmacies, retail pharmacies, dermal clinics, and cosmetology and beauty clinics.
The global hyaluronic acid dermal fillers market is expected to increase at a significant CAGR over the forecast period owing to the growing number of FDA approvals and penetration of cosmetic and aesthetic procedures in emerging markets.
Hyaluronic Acid Dermal Fillers Market Key Players
The market for hyaluronic acid dermal fillers is dominated by a few global players accounting for the majority of the global market share. Some of the key players identified in the hyaluronic acid dermal fillers market are Anika Therapeutics, Inc., Sanofi SA (Genzyme Corporation), Galderma S.A, Valeant Pharmaceuticals Inc., Allergan Inc. Q-Med AB, Merz Pharmaceuticals, etc.
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