Global Dermal Fillers Market Expected to Grow at CAGR 3.2% by 2027 end
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has been added to the wide database of Market Research Report Search Engine
(MRRSE). The research study is titled “Dermal Fillers Market:
Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” which encloses important data about the
production, consumption, revenue and market share, merged with information
related to the market scope and product overview.
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Apart
from functioning as an anti-aging factor, dermal fillers are also helpful in
the areas of treatments such as acne scars, enhancement of the dorsal area of
hand, and for HIV induced lipoatrophy of facial area. Besides, the use of
dermal fillers for the treatment of paralyzed vocal cords is also under
consideration for approval from the FDA. The demand for application specific
product modules is driving the growth of the global dermal fillers market.
Another
important factor that is boosting the growth of the global dermal fillers
market is a sudden increase in the number of plastic surgeons and their
network. This increasing network is boosting the demand for aesthetic
procedures, which in turn is fuelling the development of the global market. The
FDA has also given its approval for the use of dermal fillers in the area of
dentistry. This is particularly beneficial for dentists as they come across
many such cases that require facial changeover, which is easily possible with
the help of dermal filler procedures. The other drivers associated with dermal
filler procedure include lesser procedure time, minimum risk of complexity, and
requirement of minimum infrastructure.
Increasing
focus on development of new products and market expansion strategies by direct
presence or through affiliates as a key development strategy by companies is
expected to increase the demand for dermal fillers during the forecast period.
Favourable support from the government in terms of approval for new entities
and new application areas as well as the commercialization of novel solutions
are factors boosting collaborations and partnership agreements between
manufacturers. Various companies are also developing application specific
dermal fillers and expanding their product range such as, fillers specific for
lip augmentation, specific dermal fillers for the dorsal area of hand and
fillers to increase volume. All these factors are creating a robust development
in the global market for dermal fillers.
With a
Compound Annual Growth Rate of 3.4% during the period of assessment, the
dentistry application segment is projected to grow significantly in terms of
revenue in the years to come. The key reason behind this growth is an
increasing usage of the dermal filler procedure in the area of dentistry. The
aesthetic restoration segment dominated the dermal fillers market in terms of
revenue in 2016 and this trend is projected to continue throughout the forecast
period. Reconstructive surgery is expected to be the second most lucrative
application segment, given the high rate of growth of orthopedic procedures
across the globe.
Global
Dermal Fillers Market: Overview
Our
forecasts indicate that the global dermal fillers market is expected to grow
from an estimated value of more than US$ 3,600 Mn in 2017 to just over US$
4,960 Mn by the end of the forecast period in 2027. This represents a CAGR of
3.2% in terms of revenue over the forecast period of 2017 to 2027. The global
market for dermal fillers represents absolute $ opportunity of more than US$ 115
Mn in 2018 over 2017 and an incremental opportunity of more than US$ 1,300 Mn
between 2017 and 2027.
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