Albany, NY, USA: Transparency Market Research (TMR) has released a new report titled “Dermal Fillers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2026″.According to the report, the global dermal fillers market was valued at USD 2,584.9 million in 2017.It is expected to grow at a CAGR of 8.6% from 2018 to 2026.The expansion of the market can be attributed to technological advancements leading to the development of new hyaluronic acid dermal fillers with higher efficiency and long-lasting ability, marketing strategies adopted by market players, increasing awareness of these products on social media, and anti-aging fashion trends.
The report provides a detailed breakdown of the global dermal fillers market.On the basis of product, the market is segmented into biodegradable and non-biodegradable.The biodegradable segment dominated the market in 2017.It is likely to maintain its dominance over the forecast period.Biodegradable dermal fillers typically consist of purified dermal components derived from animal, human or bacterial sources.The expansion of this segment can be attributed to the high safety profile of these fillers and recent technological advancements that have provided longevity to the use of biodegradable fillers.
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In terms of materials, the dermal filler market has been segmented into calcium hydroxyapatite, hyaluronic acid, collagen, poly-l-lactic acid, PMMA, fat, and others.The hyaluronic acid segment dominated the market in 2017.It is likely to maintain its dominance and expand at a high CAGR during the forecast period.Over 60% of dermal filler procedures worldwide are performed using hyaluronic acid fillers.According to the International Society of Plastic Surgeons (ISAPS), more than 3,298,266 hyaluronic acid dermal fillers are performed each year.
In addition, technological advances have led to the development of various forms of hyaluronic acid dermal fillers, which vary according to the concentration and degree of cross-linking of hyaluronic acid.These are known to increase the longevity of the filling effect.These factors are expected to drive the market.
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On the basis of application, the dermal fillers market is segmented into facial line correction treatment, lip enhancement, scar treatment, and others.The facial line correction treatment segment dominated the market in 2017.It is likely to continue this trend and expand at a high CAGR during the forecast period.The expansion of this segment can be attributed to the rising anti-aging trend and increasing awareness of aesthetic appearance.
Additionally, facial line correction treatments are available for people of different ages, from young adults to enhance their youthful features to middle-aged adults to restore volume and older adults to maintain age-related symptoms.Marketing strategies employed by market players, in which celebrities promote their products, are fueling a desire to imitate their favorite celebrities.This in turn increases the demand for facial line correction treatment procedures.
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In terms of end users, the market has been segmented into hospitals, ambulatory surgery centers, dermatology clinics, and others.In terms of revenue, the hospital segment dominated the market in 2017.This trend is likely to continue over the forecast period.However, the dermatology clinic segment is expected to expand at a strong growth rate during the forecast period.The strong expansion of this segment can be attributed to an increase in dermatology consultations and a surge in preference for specialized dermatologists.
In terms of revenue, North America dominated the global dermal filler market in 2017.The United States is a major revenue-generating country in the region.The expansion of the market in the country can be attributed to the increase in the number of dermal filler procedures performed each year.According to the American Society of Plastic Surgeons (ASPS), more than 2.3 million dermal fillers were performed in 2017, an increase of more than 3 percent from 2016.The Asia Pacific market is expected to expand at a high CAGR during the forecast period.The market expansion in this region can be attributed to the growing demand for dermal filler procedures in Japan, India and China.Hyaluronic acid dermal filler procedures are very common non-surgical procedures performed in various countries in the Asia Pacific region, including Japan, China, India, and Thailand.
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The report provides an overview of the leading players operating in the global Dermal Fillers market.These players include Allergan plc, Sinclair Pharma (a subsidiary of Huadong Medicine), Merz Pharma GmbH & Co. KGaA, Nestlé Skin Health (Galderma), BioPlus Co., Ltd., Bioxis Pharmaceuticals, SCULPT Luxury Dermal Fillers LTD, Dr. Korman Laboratories Ltd., Prollenium Medical Technologies, Advanced Aesthetic Technologies, Inc. and TEOXANE Laboratories.
For example, in 2014 Nestlé acquired several dermatology brands from Canadian pharmaceutical group Valeant, adding a line of dermal fillers to Nestlé’s skincare business.Nestlé’s skincare business was built through the acquisition of Galderma.In the same year, Allergan acquired Aline Hyaluronic Acid (HA) thread technology from Aline Aesthetics, a wholly owned subsidiary of the TauTona Group.
Nosocomial Infection Treatment Market: The global nosocomial infection treatment market is characterized by increasing incidence of drug-resistant bacterial infections.With the support of government policies, R&D activities to develop new antibiotics in the market have gradually increased.
Vaginal Sling Market: Rising prevalence of urinary incontinence, increasing number of vaginal sling procedures, and intensive research activities to determine the efficacy of vaginal slings relative to other surgeries and procedures are some of the factors estimated to drive the vaginal sling market during the forecast period .
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Post time: Mar-11-2022