According to the latest research report titled, “Hyaluronic Acid Based Dermal Fillers Market (2024 – 2029)” by Mordor Intelligence, the Hyaluronic Acid Based Dermal Fillers Market is growing at a CAGR of 8.2% during the forecast period.
The onset of the COVID-19 pandemic had detrimental effects on both the global economy and healthcare systems worldwide. Lockdown measures implemented globally disrupted supply chains for pharmaceuticals, medical devices, and biotechnological products. Despite these challenges, there was a notable shift towards prioritizing research and development efforts, particularly in support of COVID-19 diagnostics and treatments. Consequently, while the initial impact on the market was adverse, later stages of the pandemic saw a resurgence driven by positive developments. Key drivers of this resurgence include the growing demand for non-invasive dermatology techniques, spurred by an aging population, as well as increased investments in R&D for novel hyaluronic acid-based dermal fillers. These factors collectively contribute to propelling market growth over the forecast period, reflecting the adaptive nature of the healthcare industry in response to evolving needs and opportunities.
Report Summary
- CAGR (2024 – 2029): 8.2%
- Study Period: (2020-2029)
- Report Scope: Market Dynamics, Revenue Forecast & Segmentation, Competitive Landscape & Recent Developments, Market Growth, Future Opportunities, and Trends
- Market Drivers:
- Increasing Demand for Non-Invasive Dermatology Techniques and Ageing Population and Increasing R&D Investments for New Hyaluronic Acid-Based Dermal Fillers
Which are the Top Companies in the Hyaluronic Acid Based Dermal Fillers Market?
The hyaluronic acid-based dermal fillers market on a global scale exhibits moderate fragmentation and competitiveness. Companies within this market are concentrating on innovating their products, introducing new offerings, and expanding into different regions as strategies to enhance their market presence and share.
Prominent players in the Hyaluronic Acid Based Dermal Fillers Market:
- Allergan
- Galderma S.A.
- LG Chem Ltd.
- MERZ PHARMACEUTICALS
- Sinclair Pharma
- Anika Therapeutics, Inc.
- Teoxane S.A.
- BioPlus Co., Ltd.
- SCULPT Luxury Dermal Fillers LTD
- Suneva Medical Inc.
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Key Highlights from the Hyaluronic Acid-Based Dermal Fillers Market Report
1. Anticipated Surge: Wrinkle Correction Leads Growth Forecast
- In the application segment, wrinkle correction is projected to have a significant share owing to growing customer awareness and the aging population around the world.
- Wrinkle-correcting injectables can loosen the wrinkles on the face and give a more youthful appearance.
- Tiny needles are used to inject a naturally occurring protein into the facial muscles at the target site.
- The protein relaxes muscles by preventing nerves from communicating with muscle cells, so facial lines and wrinkles soften and fade, reducing their visual effect.
- Advancements in hyaluronic acid-based dermal filling technologies, along with rising cosmetic surgeries, new product launches, and an aging population, are anticipated to drive segment growth in the forecast period.
2. North America’s Projected Dominance in the Market Forecast
North America is poised to emerge as a key player in the global hyaluronic acid-based dermal fillers market in the foreseeable future. This dominance can be attributed to several factors, including a robust healthcare infrastructure, supportive policies, a rising trend of plastic surgery procedures, and a growing population of elderly individuals in the region. For instance, recent population estimates from Statistics Canada indicate a significant proportion of individuals over 60 years old, reaching 9,688,677 in 2021. Highlighting the efficacy of hyaluronic acid fillers in combating visible signs of aging and enhancing skin quality, a study titled “Treating Aging Changes of Facial Anatomical Layers with Hyaluronic Acid Fillers,” published in August 2021, underscores their role in reversing unwanted age-related effects. Given that the aging population typically drives the demand for hyaluronic acid-based dermal fillers, the increasing number of elderly individuals in North America stands out as a primary driver propelling market growth in the region.
What are the Latest Developments in the Hyaluronic Acid Based Dermal Fillers Market?
- In October 2021, A.Menarini is planning to launch a range of hyaluronic acid (HA) based dermal fillers available with Lidocaine. The product range would be produced with Menarini’s exclusive and proprietary XTR Technology, resulting in fillers with unique rheological characteristics to support different indications of clinical use for facial volume restoration, hydration, and rejuvenation.
- In May 2021, Sinclair Pharma launched a new hyaluronic acid (HA) facial filler called MaiLi. MaiLi is the world’s first patented OxiFree technology, which preserves long molecular HA chains. Source: https://www.mordorintelligence.com/industry-reports/hyaluronic-acid-based-dermal-fillers-market
Mordor Intelligence Report on the Hyaluronic Acid Based Dermal Fillers Market segments the market based on product type, application, and geography:
- By Product
- Single Phase
- Duplex
- By Application
- Wrinkle Correction
- Scar Treatment
- Restoration of Volume
- Lip Augmentation
- Others
- By End-User
- Hospitals
- Specialty Dermatology Clinics
- By Geography
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the India Hyaluronic Acid Based Dermal Fillers Industry. Get a glance at the India Hyaluronic Acid Based Dermal Fillers Market Report (2024 – 2029)
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