Dublin, March 19, 2019 (GLOBE NEWSWIRE) -- The "Aesthetic Fillers Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
Global Aesthetic Devices Market is poised to grow at a CAGR of nearly 10% by 2023.
The growth of the aesthetic fillers market can be attributed to the increasing trend of using anti-aging treatments and the demand for a much younger lifestyle. The demand for the ever-expanding range of dermal fillers and the number of operations performed has boosted the growth of the market studied.
Due to the growing demand for facial aesthetics, which have a high demand for a wide range of products that treat various areas and the increasing average expenditure per patient in clinics, the market studied is growing. However, the side effects associated with dermal fillers and other factors are hindering the growth of the market studied.
Key Market Trends
Absorbable Aesthetic Filler Segment is Expected to Exhibit the Fastest Growth Rate Over the Forecast Period
Wrinkles are the first visible signs of aging. A face marked by furrows appears tired and neglected. Wrinkles are like small fractures of the skin, and the the aim of a filler is to fill them. Dermal fillers, also known as injectable implants, soft tissue fillers, or wrinkle fillers, are medical device implants approved by the FDA, in order to help create a smoother and/or fuller appearance in the face, including nasolabial folds, cheeks, and lips and to increase the volume of the back of the hand.
The FDA has approved some dermal fillers for the restoration and/or correction of the signs of facial fat loss (lipoatrophy) in people with human immunodeficiency virus (HIV). Also, several absorbable dermal fillers are approved by FDA , for lip and cheek augmentation in patients over the age of 21 and for the correction of contour deficiencies, such as wrinkles and acne scars. Any dermal filler can cause short- or long-term side effects, permanent side effects, or a combination. However, most of these side effects occur shortly after the procedure and go away in less than two weeks. Due to factors, like FDA approval to various absorbable fillers, the market for the same is expected to grow over the forecast period.
North America Captured the Largest Market Share and is Expected to Retain its Dominance
North America dominated the overall aesthetic filler market with the United States accounting as the major contributor to the market. Recently, consumers, around the world are showing increasing interest toward their aesthetic appearance. Aesthetic fillers that contain hyaluronic acid, collagen, and polymers and particles are used to give the skin or feature a cosmetic boost.
As per the data from the American Society of Plastic Surgeons, around 2.6 million procedures have been performed in the United States using soft tissue fillers in 2016, which was 2% higher than in 2015. The increase was attributed to the safe and effective minimally-invasive procedures and their lesser side-effects. As of 2016, about 30 aesthetic fillers are approved and possess HA license for sale in Canada. Hence, the above statistics and facts affirms that the market studied is expected grow in the forecast period.
Competitive Landscape
The market studied is highly fragmented, with the majority of the manufacturing operations in North American countries. The presence of a significant number of players in the market studied has an impact on the prices of products by firms, such as Allergan, Integra Lifesciences, Galderma Pharma, Teoxane, and Sinclair Pharma, among others. The industry is witnessing a series of acquisitions and mergers.
Topics Covered
1 Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Facial Aesthetics
4.2.2 Rising Acceptance of Tissue Fillers with Increasing Dermal Filler Surgeries
4.2.3 Growing Aging Population
4.3 Market Restraints
4.3.1 Side Effects Associated with Dermal Fillers
4.3.2 Negative Effects of Unregistered Practitioners
4.4 Porter's Five Forces Analysis
5 Market Segmentation
5.1 Product Type
5.1.1 Absorbable
5.1.2 Non-absorbable
5.2 Material Type
5.2.1 Hyaluronic Acid
5.2.2 Polymers and Particles
5.2.3 Collagen
5.3 Application
5.3.1 Facial Line Correction
5.3.2 Face Lift
5.3.3 Lip Treatment
5.3.4 Other Applications
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Middle East & Africa
5.4.5 South America
6 Competitive Landscape
6.1 Company Profiles
6.1.1 Allergan
6.1.2 Galderma Pharma S.A.
6.1.3 Integra Lifesciences
6.1.4 Laboratoires Vivacy S.A.S
6.1.5 Merz Pharma
6.1.6 Sinclair Pharma
6.1.7 Suneva Medical Inc.
6.1.8 Teoxane
7 Market Opportunities and Future Trends
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