March 28, 2020
Dermal Fillers

Dermal Fillers Market: Europe market will gain traction due to its improved infrastructure

The market for dermal fillers is expected to grow at 6.6 per cent CAGR throughout the forecast period from 2019 to 2027.

The global market for dermal fillers is growing effectively from 2019 to 2027, accredited to an increase in interest in minimally invasive procedures, along with improved technology expansion on a global scale. The market was led by North America (U.S.) in 2018. Improved working-age female population and increasing awareness about new facial aesthetic and other dermatology procedures are major factors driving the growth of the market. Demand for cosmetic procedures has become increasingly popular in countries such as Canada, the United States, France, the United Kingdom, Germany, Poland, Italy, India, China and the Middle East. In 2017, around 7 million botulinum injections utilized for general cosmetic procedures in the U.S. market. In addition, in 2016, more than 2.4 million hyaluronic acid dermal filler procedures were performed in the United States alone. The increasing trend for facial fillers and cosmetic injections is more than 15.3 Mn of minimally invasive cosmetic procedures performed in the U.S. For e.g. trends in the plastic surgery, include vampire face-lift, autologous fat transfer, tear-trough augmentation, Kybella, BTL Vanquish ME, Fraxel and others.

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The main focus of the top producers is on new product expansion in developing countries. The growth of the market in the near future will be driven by the increasing number of partnerships with small-scale providers and the alliance of leading international medical aesthetic industry players. For example, in 2017, Nestle Skin Health (Galderma) added Restylane Refyne and Restylane Defyne products with XpresHanTechnology to their mainstream product line. In 2017, BOTOX Cosmetics received approval from the FDA for the impermanent enhancement of forehead lines in adults. The increased popularity of dermal fillers, FDA-approved hyaluronic acid-based synthetic products and surging procedures for wrinkle removal, lip increase and rhinoplasty will drive demand in the near future. Market participants in Europe are currently willing to invest in innovative technologies and advances in facial aesthetic applications.

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