About Hyaluronic Acid Based Dermal Fillers
The market is expected to be powered by rising demand for youthful and flawless skin through noninvasive and outpatient cosmetic dermatology techniques. Furthermore, the industry is projected to benefit from an increase in medical tourism for cosmetic procedures. Dermal fillers based on hyaluronic acid can be used to smooth wrinkles and fine lines, produce fuller and more accentuated lips, and add volume and contour to the face. Furthermore, dermal fillers based on hyaluronic acid are gaining popularity for the correction of facial structure and form.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hyaluronic Acid Based Dermal Fillers market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medicis Aesthetics Holdings, Inc. (United States), Allergan PLC (Ireland), Galderma S.A. (Switzerland), Merz Pharma GmbH & Co. KGaA (Germany), Genzyme Corporation (United States), Inamed Corporation (United States), Anika Therapeutics, Inc (United States), Sinclair Pharma (United Kingdom), LG Life Sciences, LTD (South Korea), Bio plus Co. Ltd. (United States) and Sculpt Luxury Dermal Fillers Ltd (Czechia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bioxis Pharmaceutical (France), Laboratories Vivacy (France) and Bohus Biotech AB (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Hyaluronic Acid Based Dermal Fillers market by Type (Single-phase product and Duplex products), Application (Bootlegging, Sculpting, Fill Scars and Others) and Region.
On the basis of geography, the market of Hyaluronic Acid Based Dermal Fillers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Hyaluronic Acid Based Dermal Fillers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in Single-phase Hyaluronic Acid Dermal Fillers
Market Growth Drivers:
Increasing Geriatric Population, Growing Demand for Anti-aging Solutions and Minimally Invasive Aesthetic Treatment and Growing Applications in Regenerative Medicine and Tissue Engineering
Challenges:
Lack of Skilled Professionals
Restraints:
High Cost and Side Effects associated with Hyaluronic Acid Cycles
Opportunities:
Increasing R&D Investments for New Hyaluronic Acid Based Dermal Fillers and Increasing Number of Cosmetic Surgeries Worldwide
Market Leaders and their expansionary development strategies
In October 2020, Allergan Aesthetics, an AbbVie company, has acquired the full dermal filler portfolio and R&D pipeline of Luminera, an Israel-based and privately held esthetics company
In Aug 2020, Revance Therapeutics, Inc. announced that the company’s field force is established and will begin introducing its prestige aesthetics portfolio, including the RHA® Collection of dermal fillers, resilient hyaluronic acid, and the HintMD financial technology (fintech) platform, in the United States (U.S.) in September.
FDA has approved dermal fillers made from absorbable or temporary material can be used to correct moderate to severe facial wrinkles. While the non-absorbable material is allowed for correction of nasolabial folds and cheek acne scars in patients over the age of 21 years. Also, FDA has approved the use of dermal filler for purpose such as hand augmentation. However, the regulatory agency bars dermal filler from being used in breast augmentation, increasing size of the buttocks, increasing fullness of the feet, and implant into bone, tendon, ligament or muscle.
Key Target Audience
Hyaluronic Acid Based Dermal Fillers Providers, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, End-Use Industry, Healthcare Industries, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.