USD 4.22 billion
Hyaluronic Acid Based Dermal Fillers Market Size, Share, Growth Analysis, By Product Type(Single phase and duplex products), By Application(Wrinkle correction, lip augmentation, rhinoplasty and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35H2096 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
61
|Figures:
75
Hyaluronic Acid Based Dermal Fillers Market Insights
Global Hyaluronic Acid Based Dermal Fillers Market size was valued at USD 4.22 billion in 2022 and is poised to grow from USD 4.60 billion in 2023 to USD 9.42 billion by 2031, growing at a CAGR of 9.10% during the forecast period (2024-2031).
Growing demand for non-invasive aesthetic procedures and increasing awareness of the applications of Hyaluronic Acid (HA) in the beauty segment are driving market growth. Additionally, the market is being propelled by increased investments in research and development for innovative dermal products. Another contributing factor is the rising trend of aesthetic procedures among men, who are increasingly concerned about the negative effects of aging on their appearance and facial features, leading to a higher demand for facial dermal fillers. The aesthetic market is also being shaped by technological advancements. In 2021, a laser resurfacing treatment was introduced to the market, offering higher efficiency in addressing various skin concerns. This technology provides a comprehensive solution to dermal issues and is less invasive, catering to the demand for non-invasive techniques. Key players in the market are focused on developing advanced solutions to maintain a competitive edge in the hyaluronic acid market. The increasing number of new product approvals is creating opportunities for market growth. The market also benefits from increasing product approvals, such as the recent approval of RHA Redensity by the U.S. FDA, which is a novel dermal filler used to reduce wrinkles and lines on the skin. Stringent government regulations in the U.S., European Union, and other international markets pose challenges for the market, as they govern the development, branding, and production of HA-based products. Despite these constraints, the global market is poised for growth, driven by the rising demand for aesthetic procedures and ongoing technological advancements.
US Hyaluronic Acid Based Dermal Fillers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Single phase
Fastest Growth
Single phase
Growth Rate
9.10% CAGR
Global Hyaluronic Acid Based Dermal Fillers Market ($ Bn)
Country Share for North America Region (%)
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Hyaluronic Acid Based Dermal Fillers Market Segmental Analysis
Global Hyaluronic Acid Based Dermal Fillers Market is segmented by product type, application, and region. Based on product type, the market can be segmented into Single phase and duplex products. Based on application, the market is segmented into Wrinkle correction, lip augmentation, rhinoplasty and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Hyaluronic Acid Based Dermal Fillers Market Analysis by Product Type
Single phase fillers dominated the global market. Single phase fillers are widely utilized and hold a significant share in the market. These fillers consist of a homogeneous gel that provides immediate volume enhancement and correction of wrinkles and fine lines. Single phase fillers offer a smooth and natural-looking result, making them highly preferred by both healthcare professionals and patients. With their ease of use and versatility, single phase fillers have established a strong presence in the market, driving their dominance.
On the other hand, the fastest growing product type in the hyaluronic acid based dermal fillers market is duplex fillers. Duplex fillers, also known as two-phase or multi-phase fillers, have gained traction due to their advanced formulation and capabilities. These fillers consist of a combination of high and low molecular weight hyaluronic acid, allowing for a more targeted and precise treatment approach. Duplex fillers offer enhanced longevity and durability, making them suitable for deeper and more severe facial lines and volume loss. The growing demand for more advanced and customizable treatments has led to the rapid growth of duplex fillers, making them the fastest growing segment in the market.
Hyaluronic Acid Based Dermal Fillers Market Analysis by Application
The dominant segment in the market is wrinkle correction, primarily driven by the growing awareness and desire among customers for a more youthful appearance. This is further supported by advancements in hyaluronic acid-based treatments and the introduction of new products and procedures specifically designed for anti-wrinkle treatment.
On the other hand, lip augmentation is projected to experience lucrative growth during the forecast period, thanks to the increasing contributions from key market players. Lip augmentation involves cosmetic procedures aimed at enhancing the volume of the lips through the application of fillers, which can be either temporary or permanent. Hyaluronic acid-based dermal fillers are widely used for plumping and defining the lips. The presence of hyaluronic acid helps create a thicker appearance by binding to water molecules within the skin. Factors such as rising awareness, an increase in disposable income, lifestyle changes, and a growing demand for fillers are expected to further drive the growth of the lip augmentation segment.
Global Hyaluronic Acid Based Dermal Fillers Market By Product Type
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Hyaluronic Acid Based Dermal Fillers Market Regional Insights
The North America region emerged as the market leader, holding the largest market share. This can be attributed to the significant increase in the number of non-invasive cosmetic procedures being performed and the growing investments in research and infrastructure within the region. Additionally, the presence of key market leaders in North America contributes to the availability of ample market opportunities in the region.
On the other hand, the Asia Pacific region is expected to witness the fastest growth during the forecast period. Several factors contribute to this market expansion, including strategic initiatives undertaken by key market players in the field of dermal fillers, a rising awareness of non-invasive aesthetic treatment techniques in the region, and an increasing number of men opting for injectable fillers for jawline and chin augmentation.
Global Hyaluronic Acid Based Dermal Fillers Market By Geography
- Largest
- Fastest
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Hyaluronic Acid Based Dermal Fillers Market Dynamics
Hyaluronic Acid Based Dermal Fillers Market Drivers
Increasing demand for non-invasive aesthetic procedures
- One key driver for the Global Hyaluronic Acid Based Dermal Fillers Market is the increased demand for non-invasive aesthetic procedures. This driver is fueled by factors such as growing customer awareness, a desire for a youthful appearance, and technological advancements in hyaluronic acid-based treatments. The demand for these procedures is driving market growth and providing opportunities for market players.
Hyaluronic Acid Based Dermal Fillers Market Restraints
High cost associated with surgical procedures
- A notable restraint for the Global Hyaluronic Acid Based Dermal Fillers Market is the higher cost associated with surgical procedures. While there is a growing demand for aesthetic treatments and procedures, the cost factor can act as a barrier for some individuals, limiting their access to these treatments. The higher cost can restrict market growth, particularly in regions where affordability and accessibility are concerns for a significant portion of the population.
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Hyaluronic Acid Based Dermal Fillers Market Competitive Landscape
The Global Hyaluronic Acid Based Dermal Fillers Market is characterized by intense competition among key players striving to gain a competitive edge. These players focus on developing advanced solutions and innovative products to meet the evolving demands of customers. Additionally, market participants are investing in research and development activities to introduce novel technologies and formulations in the market. The market is driven by constant efforts to obtain product approvals and expand their product portfolios. The competitive landscape is further shaped by strategic activities such as mergers, acquisitions, partnerships, and collaborations, which aim to enhance market presence and expand geographical reach. Overall, the market exhibits a dynamic and competitive environment where players strive to differentiate themselves by offering effective and safe dermal filler solutions to meet the growing demand for aesthetic procedures.
Hyaluronic Acid Based Dermal Fillers Market Top Player’s Company Profiles
- Genzyme Corporation (US)
- Anika Therapeutics Inc. (US)
- LG Life Sciences, LTD (LG Chem) (South Korea)
- Bio plus Co. Ltd. (South Korea)
- Sculpt Luxury Dermal Fillers Ltd (UK)
- Bioxis Pharmaceutical (France)
- Sinclair Pharma (UK)
- Laboratories Vivacy (France)
- Bohus Biotech AB (Sweden)
- Croma-Pharma GmbH (Austria)
- Teoxane (Switzerland)
- Hyaltech Ltd. (Israel)
- Galatea Surgical (US)
- Medytox (South Korea)
- Suneva Medical (US)
- Laboratoires Filorga (France)
- Regen Lab SA (Switzerland)
Hyaluronic Acid Based Dermal Fillers Market Recent Developments
- In February 2022, Allergan Aesthetics (AbbVie, Inc.) obtained approval from the U.S. FDA for JUVÉDERM VOLBELLA XC. This approval allows the use of the product for improving infraorbital hollows in adults aged 21 and above.
- In December 2021, Revance Therapeutics, Inc. achieved U.S. FDA approval for RHA Redensity dermal filler. The approval specifically enables the use of this filler for treating perioral rhytids, commonly known as lip lines.
- In November 2021, Sinclair Pharma announced the receipt of a CE mark for the inclusion of Lidocaine, a local anesthetic, with their HA filler called Perfecth. This inclusion aims to enhance patient comfort during the filler procedure.
- In October 2021, A.Menarini unveiled plans to introduce a line of hyaluronic acid (HA)-based fillers infused with Lidocaine. This new product line, leveraging Menarini's proprietary XTR technology, will offer distinct rheological characteristics, supporting a wide range of clinical indications for facial rejuvenation and volume restoration.
- In May 2021, Sinclair Pharma introduced a new hyaluronic acid (HA) facial filler named MaiLi. This product line consists of four distinct offerings, namely Precise, Define, Volume, and Extreme, expanding Sinclair Pharma's portfolio of HA fillers.
- In February 2021, Galderma received U.S. FDA approval for Restylane Defyne for Chin Augmentation. This approval strengthens Galderma's market presence by expanding the range of applications for their products.
Hyaluronic Acid Based Dermal Fillers Key Market Trends
- One key market trend in the Global Hyaluronic Acid Based Dermal Fillers Market is the incorporation of lidocaine, a local anesthetic, in the fillers. This trend aims to enhance patient comfort during the filler procedure by reducing potential discomfort or pain. Several companies in the market have introduced HA-based fillers with lidocaine, recognizing the importance of providing a more comfortable experience for patients. This trend aligns with the growing focus on patient satisfaction and improving overall treatment outcomes in the field of aesthetic procedures.
Hyaluronic Acid Based Dermal Fillers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Hyaluronic Acid Based Dermal Fillers Market analysis, the market is experiencing significant growth, driven by factors such as the growing demand for non-invasive aesthetic procedures and increasing awareness of the applications of hyaluronic acid in the beauty industry. Technological advancements, including laser resurfacing treatments, have contributed to the market's growth by offering more efficient solutions for various skin concerns. The market has observed a rising trend of aesthetic procedures among men, particularly for facial dermal fillers. However, stringent government regulations and guidelines pose restrictions on market accessibility while ensuring the use of quality products. Key players in the market are focused on developing advanced solutions, obtaining necessary approvals, and expanding their product portfolios through strategic activities. The dominance of the North America region and the rapid growth of the Asia Pacific region further contribute to the dynamic landscape of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.22 billion |
| Market size value in 2031 | USD 9.42 billion |
| Growth Rate | 9.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Hyaluronic Acid Based Dermal Fillers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Hyaluronic Acid Based Dermal Fillers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Hyaluronic Acid Based Dermal Fillers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hyaluronic Acid Based Dermal Fillers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hyaluronic Acid Based Dermal Fillers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hyaluronic Acid Based Dermal Fillers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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