Global Hyaluronic Acid Based Dermal Fillers Market Size, Trends, and Growth Opportunity, By Product (Single-Phase Products and Duplex Products), By Application (Wrinkle Correction and Lip Enhancement), By Region, and Forecast to 2030.
Report ID : IR1002387 | Industries : Healthcare | Published On :July 2024 | Page Count : 243
Global Hyaluronic Acid Based Dermal Fillers Market Size, Trends, and Growth Opportunity, By Product (Single-Phase Products and Duplex Products), By Application (Wrinkle Correction and Lip Enhancement), By Region, and Forecast to 2030.
Global Hyaluronic Acid-Based Dermal Fillers Market
The Global Hyaluronic Acid Based Dermal Fillers Market was valued at USD 3.81 billion in 2022 and is expected to reach 5.02 billion by 2030, at a CAGR 1.77% during the forecast period 2023- 2030.
In human bodies, HA (Hyaluronic Acid) naturally occurs in the skin, eyes, and joints. Its main purpose is to retain moisture in the skin by securing water inside the tissue. Dermal fillers are injected under the skin and resemble soft gels. Hyaluronic acid (HA), one of the most widely utilized substances in dermal fillers, is used. Dermal fillers made of HA are used as anti-aging treatments to smooth out wrinkles and rejuvenate the skin. The smoothing of dermal products with hyaluronic acid is the recommended method of treatment for moisturizing the skin. Researchers claimed that the industry might grow because hyaluronic acid is found in dermal fillers that reduce wrinkles and enhance skin problems.
Market Drivers
Demand for non-Invasive dermatology methods is growing which is anticipated to drive the market growth during the forecast period. The demand for non-invasive dermatology procedures is rising, which is accelerating market expansion. Due to the low risk and long-lasting effects of acid-based dermal fillers, the majority of treatments are non-invasive.
Furthermore, by creating significant devices, numerous technical developments are promoting market expansion. To strengthen their position in the market for hyaluronic acid-based dermal fillers, several companies that operate in this industry are largely focused on developing innovative technological solutions.
Market Restraints
The absence of trained healthcare professionals who are unable to administer these dermal fillers during their procedures may restrain the market's expansion throughout the forecast period. Because so few people are aware of the procedure, its use will eventually be restricted, which will directly impede market expansion.
Furthermore, Dermal fillers have several negative effects that prevent the market from expanding. after-effects of dermal fillers administration include bruising, redness, swelling, discomfort, soreness, itching, and rash. All these factors are anticipated to hamper the market growth.
Market Segmentation
The Global Hyaluronic Acid Based Dermal Fillers Market is segmented into Product and Application.
Based on Product, the market is divided into Single-Phase Products and Duplex Products.
Based on Application, the market is classified into Wrinkle Correction and Lip Enhancement.
Regional Analysis
The Global Hyaluronic Acid Based Dermal Fillers Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
North America is anticipated to dominate the market for dermal fillers based on hyaluronic acid. The expansion is brought on by elements including a solid healthcare infrastructure, supportive laws, an increase in plastic surgery operations, and an aging population in the area. For instance, Statistics Canada's population forecasts from September 2021 indicate that there would be 96,88,677 people in Canada over the age of 60. Hyaluronic acid fillers play a part in reversing the unwelcome visible signs of aging and enhancing skin quality, according to a study titled "Treating Ageing Changes of Facial Anatomical Layers with Hyaluronic Acid Fillers" that was published in August 2021.
Key Players
Various key players are discussed in the Global Hyaluronic Acid Based Dermal Fillers Market Report including: Merz Pharma, BioPlus Cooperative Ltd, Allergen, Sinclair Pharma, Bioxis Pharmaceuticals, Anika Therapeutics Inc, Suneva Medicals, LG Life Sciences, Galderma Laboratories L.P., and Candela Corporation.
Market Taxonomy
By Product
• Single-Phase Products
• Duplex Products
By Application
• Wrinkle Correction
• Lip Enhancement
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Hyaluronic Acid Based Dermal Fillers Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hyaluronic Acid Based Dermal Fillers Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hyaluronic Acid Based Dermal Fillers Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Hyaluronic Acid Based Dermal Fillers Market Share Analysis, By Product
5.3 Global Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Product
5.3.1 Single-Phase Products
5.3.2 Duplex Products
6 Global Hyaluronic Acid Based Dermal Fillers Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Hyaluronic Acid Based Dermal Fillers Market Share Analysis, By Application
6.3 Global Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Application
6.3.1 Wrinkle Correction
6.3.2 Lip Enhancement
7 Global Hyaluronic Acid Based Dermal Fillers Market, By Region
7.1 Global Hyaluronic Acid Based Dermal Fillers Market Share Analysis, By Region
7.2 Global Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Region
8 North America Hyaluronic Acid Based Dermal Fillers Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Hyaluronic Acid Based Dermal Fillers Market Share Analysis, By Product
8.3 North America Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Application
8.4 North Americal Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Hyaluronic Acid Based Dermal Fillers Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Hyaluronic Acid Based Dermal Fillers Market Share Analysis, By Product
9.3 Europe Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Application
9.4 Europe Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Hyaluronic Acid Based Dermal Fillers Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Hyaluronic Acid Based Dermal Fillers Market Share Analysis, By Product
10.3 Asia Pacific Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Application
10.4 Asia Pacific Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Hyaluronic Acid Based Dermal Fillers Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Hyaluronic Acid Based Dermal Fillers Market Share Analysis, By Product
11.3 Latin America Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Application
11.4 Latin America Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Hyaluronic Acid Based Dermal Fillers Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Hyaluronic Acid Based Dermal Fillers Market Share Analysis, By Product
12.3 Middle East Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Application
12.4 Middle East Hyaluronic Acid Based Dermal Fillers Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Merz Pharma
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 BioPlus Cooperative Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Allergen
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Sinclair Pharma
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Bioxis Pharmaceuticals
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Anika Therapeutics Inc.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Suneva Medicals
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 LG Life Sciences
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Galderma Laboratories L.P.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies