Dermal Fillers Market Segmentation Detailed Study with Forecast to 2025
Posted by Shristi on October 16th, 2019
“The Global Dermal Fillers Market was valued at US$ 3.6 Bn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to the surge in number of geriatric population and rising incidence of dermatology cases”
Precision Business Insights (PBI) in its report titled “Global Dermal Fillers Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global dermal fillers market was valued at US$ 3.6 Bn in 2018 and growing at a CAGR of XX% over the forecast period owing to the rising patient population with various cosmetic skin issues like deep lines, wrinkles and scars, diet imbalance are the main dynamics improving the revenue growth of the dermal fillers market. Apart from above-mentioned dynamics, upsurge in medical/healthcare spending, low level of pain, and presence of skilled professionals in developed and developing countries for dermal filling are anticipated to boost the dermal fillers market. Upsurge in the numeral of elderly people around the globe expected to boost the market for dermal fillers over the future years. As per the World Health Organization (WHO), more than 2 Bn global population will be over the age of 60 by the year 2050, WHO stated that the growth of the facial filler market is directly proportional to the growing geriatric population, who experience loss of fluid and collagen in the skin as they grow older, that results in the development of wrinkles on the face and neck areas.
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Global dermal fillers market segmented on the basis of product type, ingredient type, distribution channel, and region.
Absorbable dermal fillers segment accounted for higher revenue share
Based on product type, global dermal fillers market segmented Absorbable Dermal Fillers and Non-Absorbable Dermal Fillers. Absorbable dermal fillers dominated the market growth owing to increasing demand for absorbable dermal fillers. Non-absorbable dermal fillers market is also expect to grow with a significant CAGR over the forecast years.
North America holds leading position in Global Dermal Fillers Market
PBI’s global dermal fillers market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to upsurge in the choice for non-invasive aesthetic procedures, growing number of elderly population, and rise in disposable income are enhancing the market growth in the region. Asia Pacific market anticipated to develop at significant rate due to upsurge in number of dermatology patients and growth in acceptance of dermal fillers among younger generation are anticipated to boost the market.
Recent Developments in the Global Dermal Fillers Market
In December 2016, Galderma received U.S.FDA approval for two new products that are used to treat nasolabial folds or laugh lines in patients over the age of 21
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Key player’s profiles in the report are Galderma (Nestle) (Switzerland), MERZ PHARMA GMBH & CO. KGAA (Germany), Allergan plc (Ireland), ADODERM GmbH, Teoxane SA, Sinclair Pharma plc., and HA-DERMA
By Product Type
By Ingredient Type
By Distribution Channel
Middle East and Africa (MEA)
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About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
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