Pune, June 03, 2020 (GLOBE NEWSWIRE) -- The increasing demand for aesthetically improving appearance to match the beauty standards of today is boosting the global hyaluronic acid based dermal fillers market, says Fortune Business Insights in their new study. The study is titled,” Hyaluronic Acid Based Dermal Fillers Market: Global Market Analysis, Insights, and Forecasts, 2019 – 2026”. According to the report, the global hyaluronic acid based dermal fillers market is anticipated to reach a valuation worth US$ 4,884.6 Mn by the end of 2026 from US$ 2,680.9 Mn in 2018. The market is expected to rise at a CAGR of 7.8% within the forecast period of 2019 to 2026.
On the basis of application, the wrinkle correction treatment is prognosticated to hold the highest market share in the global hyaluronic acid based dermal fillers market. This is attributable to the fact that wrinkle correction treatment helps in removing facial lines and tightens skin, ensuring the skin to remain at its best for a longer period of time. This, coupled with the minimal risk of allergies associated with dermal fillers for wrinkle correction treatment, will help this segment remain dominant during the forecast period.
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Lesser Chances of Adverse Reactions and Assurance of Long Lasting Beauty to Fuel Demand
The global market for hyaluronic acid based dermal fillers has witness remarkable growth in the last couple of years. A major cause of this is the immense rising concerns about maintaining beauty standards in both men and women. The ever-evolving beauty standards have impelled people to opt for treatment to either smoothen the skin texture or correct wrinkles, enhance lips, and other cosmetic procedures to enhance physical appearance.
In addition to that, the assurance of less chances of adverse reactions from these treatment methods has fueled the demand for hyaluronic acid based dermal fillers in the market. This, accompanied by the increase in demand for aesthetics and rise in awareness about hyaluronic acid based dermal fillers, is driving the market globally.
However, the market may face challenges in terms of high cost of dermal filling procedures. Nevertheless, the increase in technology to produce injected fillers for the skin, coupled with the rise in disposable incomes of the people have encouraged people to opt for dermal filling procedures. This is presumed to open new growth opportunities for the global market in the long run.
An Overview of the Impact of COVID-19 on this Market:
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Asia Pacific to Emerge as Fastest Growing Region with Rising Demand in China
Fortune Business Insights foresees the global hyaluronic acid based dermal fillers market to be dominated by North America, with a market value of US$ 1,221.6 Mn in 2018. This is owing to the rising demand for advanced hyaluronic acid based dermal fillers as they contain a natural material that is already present in the human body.
However, the rapidly increasing beauty standards in Asian countries such as India, South Korea, China, and Japan may flip tables and help Asia Pacific emerge as the dominant region, during the forecast period. Among nations of Asia Pacific, China is anticipated to be leading the global hyaluronic acid based dermal fillers market in terms of growth owing to the increasing number of dermal filling surgeries conducted in the nation.
Furthermore, there are no stringentregulations imposed on dermal fillers or any other beauty treatment methods which further propels their demand in China, and this is predicted to be a major factor helping the market in Asia Pacific to emerge dominant in the coming years.
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List of the Key Companies Profiled in the Hyaluronic Acid Based Dermal Fillers Market are:
- ALLERGAN
- Merz Pharma
- Galderma laboratories
- Sinclair Pharma
- BioPlus Co., Ltd.
- Bioxis pharmaceuticals
- SCULPT Luxury Dermal Fillers LTD
- DR. Korman
- Prollenium Medical Technologies
- CANDELA CORPORATION
- Suneva Medical
- Anika Therapeutics, Inc
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Number of Hyaluronic Acid Based Dermal Fillers Procedures by Key Countries
- Overview of Regulatory Scenario by Key Countries
- Overview of Reimbursement Scenario by Key Countries
- New Product Launches
- Pipeline Analysis
- Key Industry Developments
- Global Hyaluronic Acid Based Dermal Fillers Market Analysis, Insights and Forecast, 2014-2025
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Crosslinking Type
- Monophasic
- Biphasic
- Market Analysis, Insights and Forecast – By Application
- Scar Treatment
- Wrinkle Correction Treatment
- Lip Enhancement
- Restoration of Volume/ Fullness
- Others
- Market Analysis, Insights and Forecast – By End User
- Specialty & Dermatology Clinics
- Hospitals & Clinics
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Have a Look at Related Reports:
Dermal Fillers Market Size, Share and Global Trend By By Product (Biodegradable, Non-Biodegradable), By Ingredient (Hyaluronic Acid, Calcium Hydroxylapatite Poly-L-lactic Acid, PMMA (Poly (methyl methacrylate)), Fat Fillers), By Application (Scar Treatment, Wrinkle Correction Treatment, Lip Enhancement, Restoration of Volume/ Fullness) & Geography Forecast till 2026
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