Global Hyaluronic Acid Dermal Filler Market - WishTree Insight

Global Hyaluronic Acid Dermal Filler Market by Type (Single-phase product and Duplex Product), Application (Lip Augmentation, Rhinoplasty, Wrinkle Removal, and Others), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Hyaluronic Acid Dermal Filler market size was valued at USD 4.1 billion in 2021 and is expected to surpass USD 5.1 billion by 2031, expanding at a CAGR of 7.48 % during the forecast period, 2021–2031. The market's growth is attributed to the rise in the dermatology sector.

INTRODUCTION

Hyaluronic acid dermal filler is designed for reducing the appearance of wrinkles and fine lines. Hyaluronic acid is different from other anti-aging injections. It is basically sugar that naturally exists in the skin, it is a key component in the skin’s ability for retaining water for a plump, hydrated complexion.

The benefits of hyaluronic acid dermal filler such as to volumize, hydrating, stimulating new collagen and softening fine lines on the face, and the increase in the aging population and rise in treatments positively affects the market.

Market Trends, Drivers, Restraints, and Opportunities

• The rise in medical tourism for aesthetic procedures worldwide is driving the global hyaluronic acid dermal filler market.
• Increasing demand for youthful and flawless skin is a key driver fuelling the market.
• Escalating the popularity of the technique among dermatologists and patients for the treatment of acne, scars, augmentation, and wrinkles of the cheek, chin, and lip accelerates the growth of the market.
• The increase in the aging population and rise in demand for minimally invasive antiaging solutions are anticipated to propel the market.
• Surge in the number of cosmetics and aesthetic treatments is expected to spur the hyaluronic acid dermal filler market.
• High cost for the treatment is a restraining factor in the hyaluronic acid dermal filler market.
• The stringent regulations and concerns regarding side effects are expected to hamper the market.

Scope of the Report

Market Segment Insights

The single-phase product segment is projected to register a considerable CAGR

Based on type, the hyaluronic acid dermal filler market is divided into single-phase product and duplex product. The single-phase product segment is expected to expand at a rapid pace during the forecast period. The growth is attributed to multiple applications in skin and facial aesthetic procedures, comparatively fewer side effects, and rapid technological advancements for developing new fillers. However, the duplex product segment is anticipated to hold a key share of the market in the coming years.

The wrinkle segment is expected to expand at a rapid pace

Based on application, the hyaluronic acid dermal filler market is divided into lip augmentation, rhinoplasty, wrinkle removal, and others. The wrinkle segment is expected to expand at a rapid pace during the forecast period owing to the increasing trend of social networking websites, insistent peer pressure, and the popularity of the procedure. However, the lip augmentation segment is anticipated to hold a key share of the market in the coming years owing to the launch of new and innovative products designed for lip augmentation.

The North American region constitutes a key market share

In terms of regions, the hyaluronic acid dermal filler market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North American region constitutes a key share of the market during the projected period owing to the easy availability of products and increasing demand from middle-aged as well as young consumers. However, the market of Europe is anticipated to expand at a rapid pace during the forecast period owing to the rapidly aging population and increasing awareness among people about advanced aesthetic procedures. Moreover, the Asia Pacific is expected to witness the fastest growth in the forecast period owing to the high demand for cosmetic and aesthetic products from the region.

Competitive Landscape

Key players competing in the Hyaluronic Acid Dermal Filler market are LG Life Science, Ltd (South Korea); Genzyme Corporation (U.S.); Anika Therapeutics (U.S.); Sculpt Luxury Dermal Fillers Ltd (U.S.); Laboratories Vivacy (France).

FAQs

How much is the market worth?

The Hyaluronic Acid Dermal Filler market size was valued at USD 4.1 billion in 2021 and is expected to surpass USD 5.1 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 7.48%.

What segments are covered in the Hyaluronic Acid Dermal Filler report?

The segments covered in the report are type (single-phase product and duplex product), application (lip augmentation, rhinoplasty, wrinkle removal, and others).

Mention which region is expected to hold the highest share of the Hyaluronic Acid Dermal Filler market.

The North American region is expected to hold the highest share of the Hyaluronic Acid Dermal Filler market.

Which segment holds the largest market share in the Hyaluronic Acid Dermal Filler by 2031?

The single-phase product segment holds the largest market share in the Hyaluronic Acid Dermal Filler by 2031.

Mention the key players in the market.

LG Life Science, Ltd (South Korea); Genzyme Corporation (U.S.); Anika Therapeutics (U.S.); Sculpt Luxury Dermal Fillers Ltd (U.S.); Laboratories Vivacy (France)