A new report from ResearchandMarkets finds that the increasing demand for non-invasive aesthetic procedures is fueling the dermal fillers market.
The lips & cheeks enhancement application segment had the highest global dermal fillers market share in 2022.
According to the report, men are increasingly seeking treatments to address aesthetic concerns, such as wrinkle reduction, fat or cellulite removal, facial rejuvenation, and hair restoration. The reprot states: “This shift in attitude towards male aesthetics can also be attributed to the evolving expectations of modern men. The trend is leaning towards a more youthful, toned, and vibrant aesthetic for men, and it's becoming increasingly common to see men seeking treatments to improve their appearance, further contributing to the dermal fillers market.”
Over the past decade, the dermal fillers market has witnessed the launch of advanced products and innovative non-invasive procedures and the market is expected to grow at a CAGR of 8.03% during 2022 to 2028.
Rapid and varied changes in dermatology care and advances in technology in aesthetics paved the direction for innumerable procedures that have reduced the side effects of dermal fillers. There is a significant trend among dermal filler manufacturers to focus on launching new and innovative products into the industry. Many want to provide clients with various filler options to suit their needs.
Cosmetic procedures are now a major component of medical tourism. States the report: “Cosmetic procedures are performed for aesthetic or cosmetic purposes rather than medical necessity. Medical tourists may find the cost of dermal fillers much lower in other countries and may also be able to access treatments unavailable in their home country. By taking advantage of medical tourism, patients can access treatments they may not be able to get in their home country.”
The rapidly growing elderly population and considerable focus on personal grooming and aesthetic appearance is driving the demand for dermal fillers. Consumers are more aware of how the sun, environment, and lifestyle factors can age their skin. Dermal fillers can provide immediate, natural-looking results lasting several months to two years or more. They can help eliminate wrinkles and lines, reduce scarring, restore fullness, enhance facial contours, and add volume and shape to hollow or thinning areas, such as sunken cheeks and recessed temples.
As per the report, the global dermal fillers market by the material is segmented into hyaluronic acid (HA) and non-hyaluronic acid dermal fillers (calcium hydroxylapatite fillers, poly-l-lactic acid fillers, polymethylmethacrylate beads, and other). Hyaluronic Acid Fillers are biodegradable and the most commonly used dermal fillers because of their clear history of safety, freshness, and affordability. Additionally, due to their versatility and adaptability, hyaluronic acid fillers can create natural-looking results and address a variety of indications. In 2022, Hyaluronic acid (HA) dominated the global dermal fillers market, and the trend is likely to continue during the forecast period.