Hyaluronic Acid Dermal Filler Market Size is Expected to Reach at USD 8.4 Billion by 2030, Registering a CAGR of 8.5%, Owing to Increasing Demand for Minimally Invasive Cosmetic Procedures
The Global Hyaluronic Acid Dermal Filler Market Size is predicted to reach USD 8.4 Billion by 2030 from USD 4.1 Billion in 2021, at a CAGR of 8.5% between 2022 and 2030, as per the Acumen Research and Consulting
The market for hyaluronic acid dermal fillers has been growing rapidly in recent years due to the increasing popularity of non-surgical cosmetic procedures. Hyaluronic acid is a naturally occurring chemical in the body that aids in the hydration and plumping of the skin. Dermal fillers made from hyaluronic acid can be used to add volume to the face, smooth out wrinkles, and fine lines, and enhance the lips. The market is expected to continue growing in the coming years as more people seek out non-surgical options for improving their appearance. Additionally, the ongoing Research and Development in the field of dermal filler to come up with new forms and application techniques will further boost the hyaluronic acid dermal filler market growth.
Hyaluronic acid dermal filler is a type of injectable treatment that is used to add volume to the skin, smooth out wrinkles and fine lines, and enhance facial contours. It is created from a naturally occurring ingredient called hyaluronic acid, which is found in the body and helps to keep the skin hydrated and plump. They are considered to be safe and effective, and they can produce long-term outcomes. They can be used to address wrinkles, fine lines, acne scars, and volume loss in the cheeks, jawline, and lips, among other things. Several factors are driving the growth of the hyaluronic acid dermal filler market, including rising demand for non-surgical cosmetic procedures, the introduction of new and sophisticated products, and an aging population.
Hyaluronic Acid Dermal Filler Market Statistics
- Global hyaluronic acid dermal filler market value was worth USD 4.1 Billion in 2021, with a 8.5% CAGR from 2022 to 2030
- According to research, approximately 1.4 million surgical and non-surgical facial plastic surgery treatments were performed in 2021
- North America hyaluronic acid dermal filler market share occupied around 37.9% in 2021
- By application, the wrinkle removal capture over 30.2% of total market share in 2021
- Increasing number of aesthetic clinics and plastic surgeons, propels the hyaluronic acid dermal filler market revenue
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Hyaluronic Acid Dermal Filler Market Trends
The current market trend for hyaluronic acid dermal fillers is characterized by steady growth and high demand. The demand for minimally invasive cosmetic procedures is growing, and hyaluronic acid dermal fillers are regarded as safe, effective, and long lasting, making them a popular choice among consumers. The introduction of new and improved treatments that give greater results and a broader range of indications are also driving the hyaluronic acid dermal filler market size. Furthermore, the aging population is fueling the expansion of this industry because they are more likely to seek treatments that would make them look younger. The trend is predicted to continue in the near future, with the market expected to grow significantly.
Hyaluronic Acid Dermal Filler Market Segmentation
Acumen Research and Consulting has segmented the global hyaluronic acid dermal filler market by product, and application.
- Based on the product, the market is categorized into duplex product, and single-phase. Single-phase products lead the global market in terms of market revenue. This growth is due to the population's desire for treatment such as medium & deep wrinkle reduction. According to the hyaluronic acid dermal filler market forecast, the duplex product segment is estimated to grow significantly over the next several years.
- Based on the application, the market is divided into rhinoplasty, lip augmentation, wrinkle removal, and others. The wrinkle removal segment was among the leading application in the global market. The rising influence of social media advertising promoting perfect younger-looking skin is predicted to spur further expansion in this market in the next few years.
Hyaluronic Acid Dermal Filler Market Regional Overview
Geographically, the worldwide hyaluronic acid dermal filler market is segmented into Europe, Latin America, North America, Asia Pacific, and the MEA. According to a hyaluronic acid dermal filler industry analysis, North America is currently a prominent region for the worldwide market. The increasing demands for cosmetic procedures, as well as the existence of a significant number of aesthetic clinics and plastic surgeons, are driving market expansion in this region. Furthermore, the high disposable income of North Americans is helping the expansion of this market.
On the other hand, the Asia-Pacific region is predicted to rise rapidly in the market during the next few years. The increased awareness of the benefits of these products, combined with an increase in the number of aesthetic clinics, is driving market growth in this region. Furthermore, the growing middle-class population and rising disposable income in the Asia-Pacific region are driving the expansion of this market.
Hyaluronic Acid Dermal Filler Market Players
Some of the leading hyaluronic acid dermal filler market companies include Galderma S.A., ALLERGAN PLC, Sculpt Luxury Dermal Fillers Ltd, ohus Biotech AB, Medicis Aesthetics Holdings, Inc., Merz Pharma GmbH & Co. KGaA, Bioxis Pharmaceutical; Laboratories Vivacy, BGenzyme Corporation, Sinclair Pharma, and Anika Therapeutics, Inc.
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