A recent study by Triton Market Research titled ‘Global Aesthetic Filler Market’ includes the Global Analysis and Forecasts by Product Type (Wrinkle Relaxers, Dermal Fillers [Polymethyl methacrylate Microspheres (PMMA), Collagen, Fat Injection, Calcium Hydroxylapatite, Polylactic Acid, Hyaluronic Acid]), Application (Lipoatrophy Treatment, Acne Scar Treatment, Face Lift, Facial Line Correction, Lip Augmentation, Other Applications), and by Geography (Middle East and Africa, Asia-Pacific, Europe, Latin America, North America).
Aesthetic fillers are utilized for a variety of applications like adding volumes to the cheek, or eradicating the wrinkles on the hands. The surge in demand for aesthetic fillers is mainly due to the awareness about procedures that help maintain a youthful appearance.
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Triton’s research report implies that the global aesthetic filler market is probable to grow at a CAGR of 10.35% during the projected years 2019-2028. It is also likely to acquire revenue worth $4573.32 million by 2028.
The rising demand for facial aesthetics, increasing aging population, surging healthcare spending, and growing acceptance of tissue fillers, are significant factors driving the development of the aesthetic filler market globally. The dermal fillers are known to decrease signs of wrinkles, providing patients with a youthful appearance. Moreover, new studies have shown that these fillers aid in slowing down the aging process. Hence, people’s rising desire to achieve a more youthful appearance has increased the demand for non-surgical treatments, with hyaluronic acid dermal fillers showing immediate results. However, the negative effect of unregistered practitioners and high cost of procedures, are factors hindering the progress of the aesthetic filler market.
The aesthetic filler market is segmented into product type and application. Based on product type, the market is divided into wrinkle relaxers and dermal fillers. The dermal fillers are further sub sectioned into polymethyl methacrylate microspheres (PMMA), collagen, fat injection, calcium Hydroxylapatite, polylactic acid, and hyaluronic acid. In terms of application, it is categorized into lipoatrophy treatment, acne scar treatment, face lift, facial line correction, lip augmentation, and other applications.
Geographically, the Asia-Pacific is expected to become the fast-growing market for aesthetic filler during the projected phase 2019-2028. In the region, India has observed exponential growth in the studied market as consumer awareness rises about these procedures. Developing from its infancy, the aesthetic industry in the country is actively taking over the beauty space. Due to the flourishing fashion and film industry, the market is growing at a rapid pace. Additionally, the country is attracting several medical tourists seeking cosmetic procedures, owing to the low cost, easy travel, and efficiency equivalent to the developed nations. These factors indicate a strong growth of India’s aesthetic filler market, further contributing to the region’s growth.
Merz Pharma, Teoxane, Anika Therapeutics Inc, Zhejiang Jingjia Medical Technology Co Ltd, Bioha Laboratories, Bioxis Pharmaceuticals, Suneva Medical Inc, Laboratoires Vivacy SAS, Prollenium Medical Technologies, Sculpt Luxury Dermal Fillers Ltd, Allergan, Ipsen, Galderma Pharma SA, Contura Ltd, and Sinclair Pharma are established companies involved in this market.
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Question & Answer: Aesthetic Filler Market
Question 1: What significant factors are driving the development of the aesthetic filler market?
Answer: The rising demand for facial aesthetics, increasing aging population, surging healthcare spending, and growing acceptance of tissue fillers, are significant factors driving the development of the aesthetic filler market globally.
The dermal fillers are known to decrease signs of wrinkles, providing patients with a youthful appearance. Moreover, new studies have shown that these fillers aid in slowing down the aging process. Hence, people’s rising desire to achieve a more youthful appearance has increased the demand for non-surgical treatments, with hyaluronic acid dermal fillers showing immediate results.
Question 2: What factors are hindering the progress of the aesthetic filler market?
Answer: The negative effect of unregistered practitioners and high cost of procedures, are factors hindering the progress of the aesthetic filler market.
Question 3: Which region is the fastest-growing in the aesthetic filler market?
Answer: Geographically, the Asia-Pacific is expected to become the fast-growing market for aesthetic filler during the projected phase 2019-2028. In the region, India has observed exponential growth in the studied market as consumer awareness rises about these procedures. Developing from its infancy, the aesthetic industry in the country is actively taking over the beauty space. Due to the flourishing fashion and film industry, the market is growing at a rapid pace. Additionally, the country is attracting several medical tourists seeking cosmetic procedures, owing to the low cost, easy travel, and efficiency equivalent to the developed nations. These factors indicate a strong growth of India’s aesthetic filler market, further contributing to the region’s growth.
Question 4: Which established companies are involved in the aesthetic filler market?
Answer: Merz Pharma, Teoxane, Anika Therapeutics Inc, Zhejiang Jingjia Medical Technology Co Ltd, Bioha Laboratories, Bioxis Pharmaceuticals, Suneva Medical Inc, Laboratoires Vivacy SAS, Prollenium Medical Technologies, Sculpt Luxury Dermal Fillers Ltd, Allergan, Ipsen, Galderma Pharma SA, Contura Ltd, and Sinclair Pharma are established companies involved in this market.
Related Report:
Global Cosmetic Surgery and Procedure Market
The global cosmetic surgery and procedure market is expected to progress at a CAGR of 5.70% during the forecast period of 2019-2027, while acquiring revenue worth $48278.8 million by 2027.
Cosmetic surgery and procedures refer to surgical and non-surgical processes for enhancing or restructuring the various body parts to develop self-confidence and the patients’ appearance. There are several procedures undertaken, including facial contouring, breast enhancement, and skin rejuvenation.
The rising medical tourism in developing countries, growth in disposable incomes, and surging aging population, are factors majorly driving the studied market’s growth on a global scale. Additionally, the increase in cosmetic surgeries, along with the growing demand for energy-based liposuction techniques, are opening multiple avenues for the cosmetic surgery and procedure market.
However, side effects concerning breast implants, availability of substitute treatments, and growth in explant procedures are significantly weighing down the market during the projected phase.
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