The Global Aesthetic Fillers Market Size was valued at USD 2.3 Bn in 2020 and is expected to reach USD 4.6 Bn by 2027, growing at a CAGR of 10.4% during the forecast period.
Aesthetic filler assists to fill the soft tissue of the face, facial wrinkles, increase the volume of face facial and it has features to restore a smoother appearance. Many of those wrinkle fillers are temporary as they're eventually absorbed by the body. Few people may have quite one injection to realize the wrinkle-smoothing effect. The impact of these fillers lasts for about six months or longer. In spite of material (whether synthetic or organic) used during filler is dependent on the amount of activity within the region where it's injected. Some reasons which can stimulate the blood flow and shorten the lifespan of fillers include exercise and high-intensity activities like manual labor.
The major driving factor for the influencing the growth of the global aesthetic fillers market is increasing adoption of minimally invasive and noninvasive aesthetic procedures, rising awareness among public about cosmetic procedures, increasing geriatric individuals, the supply of user-friendly products & technologically advanced, and the rising demand for aesthetic treatments within new generation are the key factors which drives the market of aesthetic fillers. For instance, according to American Society of Plastic Surgeons, the use of fillers raised from 1.8 million procedures to 2.6 million in 2010-2016 respectively.
On the other hand, aesthetic fillers market growth is hampered to a particular extent by some of the factors like the clinical risks and complications related to medical aesthetic procedures. Moreover, rising economic power of the key players due to investment in the aesthetic fillers procedure can create the opportunity for the growth of the aesthetic fillers market. However, ethical issues and social issues for the procedures is the major challenging factor for the growth of the global aesthetic fillers market.
The Global Aesthetic Fillers Market Segmentation:
By Product Type
By Applications
By Region
Based on product type, the dermal filler, is expected to dominate the global aesthetic fillers market due to rapid technological advancement in cosmetology and dermatology
Based on product, the global aesthetic fillers market has been segmented into dermal fillers, wrinkle relaxers. the dermal fillers segment is further divided into calcium hydroxyapatite, collagen, polymethyl-methacrylate microspheres (PMMA), hyaluronic acid, fat injection, polylactic acid and other dermal fillers. The dermal fillers is the dominating segment due to various reasons which includes rising awareness about new and advanced cosmetic procedures among the geriatric population has been serving as another growth determinant. Mostly dermal fillers consist of mucopolysaccharide, a present polysaccharide that's present in skin and cartilage. Continuous support from the government for research and development initiatives is further fueling the aesthetic fillers market value.
Based on application, the wrinkle removal is expected to dominate the global aesthetic fillers market due to increased awareness about early ageing
Based on application, the global aesthetic fillers market has been segmented into lip augmentation, acne scar treatment, wrinkle removal, rhinoplasty, others. The wrinkle removal segment is propelling in the application segment due to increased awareness about early ageing. Consumers, especially within the age bracket of 25 to 40 years, spend a bigger proportion of their income on cosmetic products. Thus, to serve the increasing demand, manufacturers are continuously launching various products and services. Rising popularity of online distribution channels is additionally contributing to the expansion of aesthetic fillers market.
Geographically, North America accounted for the largest share of the global aesthetic fillers market
North America accounted for the largest share of the global aesthetic fillers market in 2020 and is expected to maintain its dominance during the forecast period. This can be attributed to the substantial investment by government and market players in research and development activities which led to availability of several products in the region. However, Asia Pacific registered highest growth rate during the forecast period. Increasing consumer knowledge and interest in procedures, strong local economies, advancement in technologies and presence of leading US and European companies in Asia are some of the key factors for the growth of the region. Increasing medical tourism, and rising awareness about aesthetic fillers are also driving the growth of the aesthetic fillers market within the Asia Pacific.
Company Profiles and Competitive Intelligence
The key players operating in the aesthetic fillers market are:
The report also provides an in-depth analysis of the global market dynamics such as drivers, restraints, opportunities, and challenges
Drivers
Restraints
Opportunities
Challenges
COVID-19 Impact on the Global Aesthetic Fillers Market
Market Analysis
Covid-19 has highly affected the industries in terms of growth, economy, health, and mental well-being of every individual. In this pandemic situation, beauty and luxury sector is facing challenges in manufacturing and supply chain, such as delivering products in timely manner also as getting to an uneven demand for products and services. The market is facing a period of short-term negative growth, which may be attributed to factors like a decline in product demand from the end-users, limited operations in most of the industries, temporary closure of major providing centers (including beauty centers and spas), disrupted supply chain, and challenges in terms of providing essential/post-sales services due to pandemic situation.
The report also provides an in-depth analysis of key trends in the global Aesthetic Fillers market
The report also provides an in-depth analysis of recent news developments and investments
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