The U.S. dermal filler market led the North American market in 2017 and is projected to grow at a CAGR of 5.8 per cent during the forecast period. This growth is attributed to the increasing adoption of facial aesthetic procedures and a preference shift from invasive to non-invasive procedures.
European Market
Italy dominated the European dermal filler market in 2017, accounting for 24.2 per cent of the market share. The country's high revenue share is attributed to the increasing adoption of non-invasive cosmetic procedures. With around 266,100 injectable procedures performed in Italy in 2017, the presence of a substantial number of plastic surgeons is expected to drive significant growth in the Italian dermal filler industry in the coming years.
Awareness and Acceptance
The global dermal filler market can exceed USD 8.5 billion by 2024, driven by rising awareness and acceptance of cosmetic procedures. Increased demand for dermal filler injections, particularly among high-income Saudi Arabian women, is fueling market growth. The procedure's superior benefits and minimal discomfort also contribute to expanding the global dermal filler market.
Revenue Growth
The dermal filler business is expected to experience significant revenue growth due to the rising preference for minimally invasive and non-invasive procedures. Surgeons offering non-invasive facelifts using dermal fillers have led to a decline in the demand for surgical facelifts. These soft tissue fillers provide quick, affordable, and long-lasting treatment, making the dermal filler market highly lucrative in the coming years.
Non-Biodegradable Fillers
Non-biodegradable dermal fillers, like polymethyl-methacrylate (PMMA), accounted for a significant portion of the market at USD 658.3 million in 2017. PMMA offers long-lasting results for facial hollow treatment and is an affordable and easily accessible option. On the other hand, biodegradable calcium hydroxylapatite (CaHA) fillers held an 8.1 per cent market share in 2017. CaHA fillers are suitable for short-term facial correction treatments and are less likely to cause complications.
Facial Line Correction
The facial line correction application segment is the largest market, with a forecasted dominance throughout the estimation period. The segment's growth is driven by the expanding senior population seeking anti-aging and wrinkle treatment and the accelerating demand for beauty enhancement procedures. Additionally, the medical spas, rejuvenation centers, and surgeons' office end-use segment are expected to grow significantly due to the high demand for facial fillers and the availability of specialized and affordable treatment options. These factors will have a notable impact on the overall market growth.
Australian Market
The Australian dermal filler market is projected to experience remarkable growth, with a CAGR of 8.2 per cent throughout the forecast period. The increasing demand for non-invasive beauty treatments, especially among baby boomers, is expected to impact dermal filler businesses' growth significantly. With a growing elderly population and the presence of established players like Allergan, the market is poised for further expansion.
About Harley Street Dermal
Harley Street Dermal is led by a highly skilled general practitioner passionate about injectable cosmetic treatments. Dr. Ria operates clinics in Ealing and Harley Street and actively trains other medical practitioners in aesthetic techniques. Discover the exceptional quality of our treatments by visiting Harley Street Dermal.
Visit us at https://harleystreetdermal.co.uk/.