The global dermal fillers market was valued at USD 5.74 billion in 2022 and is expected to reach USD 9.13 billion by 2028, growing at a CAGR of 8.03% during the forecast period. Dermal fillers are injectable treatments used to add volume, smooth lines, and improve the contours of the face. They work by injecting a substance, such as hyaluronic acid or other synthetic fillers, directly into the skin. And helps to fill in wrinkles, lines, and other signs of aging. The results are immediate, and the effects can last up to a year. In addition, dermal fillers are also used to improve skin tone and texture and provide volume to areas such as the cheeks and lips. As awareness of these treatments increases, demand for them is also increasing, driving up the growth of the dermal fillers market.
The global dermal fillers market is expected to grow significantly due to the rising awareness about facial aesthetics, the increasing aging population, and rising healthcare expenditure. In addition, technological advancements, increasing disposable incomes, and the growth of the cosmetic industry are the other factors driving the growth of the global dermal fillers market. However, the high cost of the treatments, side effects caused due to the injections, and stringent regulations on dermal fillers are the factors that are expected to hamper the growth of the market.
Based on a global survey by the International Society of Aesthetic Plastic Surgery (ISAPS), in 2021, 17.6 million non-surgical procedures were performed, which included 5.2 million hyaluronic acid dermal filler procedures. Also, in 2021, there was a 19.9% increase in these procedures compared to 2020 and a 54.4 % increase from 2017.
The demand for non-invasive aesthetic procedures is increasing because they offer a safe and effective way to improve a person's appearance without major surgical intervention. Non-invasive procedures are less expensive and time-consuming and have short recovery and downtime. Due to their low risk, these procedures are ideal for people who want to enhance their appearance without the lengthy recovery times, potential side effects, and high costs associated with surgical cosmetic procedures.
Social media has had a very positive impact on the dermal fillers market. With the prevalence of social media, many individuals are exposed to posts, images, and articles highlighting dermal fillers, leading to an increased interest in cosmetic procedures that may have otherwise gone unnoticed. By creating virtual communities about dermal fillers on social media, individuals can find support, research procedures, and gain insight into the experience of other users. Many social media platforms feature informational videos, product reviews, and educational articles, paving the way for potential customers to make informed decisions. In addition, social media has allowed the dermal fillers market to target new customers and niche audiences directly. By using targeted ads, the market can reach out to those most likely to be interested in the services and treatments they provide. Overall, social media has proven to be a great way to promote dermal fillers and drive awareness of the various options available to customers.
MARKET TRENDS & DRIVERS
Advancements in Aesthetics & Product Launches
Over the last decade, the dermal fillers market has witnessed the launch of advanced products and innovative non-invasive procedures. Rapid and varied changes in dermatology care and advances in technology in aesthetics paved the direction for innumerable procedures that reduced the side effects. 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.
Increasing Demand for Male Aesthetics
The desire to improve one’s appearance is not limited strictly to women. Men increasingly seek treatments to address aesthetic concerns, such as wrinkle reduction, fat or cellulite removal, facial rejuvenation, and hair restoration. 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.
Better Access to Cosmetic Procedures Coupled with Medical Tourism
Cosmetic procedures are now a major component of medical tourism. 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.
Increasing Demand for Non-invasive Aesthetic Procedures
As technology and treatments have evolved to deliver without pain and in less recovery time, such as non-invasive treatment, more people are opting for those procedures in recent years and more than ever. Dermal fillers are a non-invasive aesthetic procedure because they do not require surgery and can be administered with minimal risks and side effects. Dermal fillers involve injecting substances below the skin's surface to fill in wrinkles and create volume in areas of the face.
Aging Demographics & Increasing Focus on Improving Appearance
The rapidly growing elderly population and considerable focus on personal grooming and aesthetic appearance primarily drive 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.
Increasing Awareness & Expenditure on Aesthetic/Cosmetic Procedures
Increasing awareness about aesthetic procedures through various platforms and rising per capita expenditure on cosmetics have significantly contributed to the dermal fillers market growth. The rising healthcare expenditure with changing human habits and lifestyles, rising income, and care about appearance have the expenditure on personal care. The demand for dermal fillers will keep rising as the population ages and people become more interested in aesthetics. Aesthetic procedures are becoming increasingly popular due to technological advances and a growing range of procedures available. Patients can now choose from a variety of treatments, including dermal fillers, as well as surgical and non-surgical procedures.
INSIGHTS BY MATERIAL
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.
INSIGHTS BY APPLICATION
The lips & cheeks enhancement application segment had the highest global dermal fillers market share in 2022. Dermal filler can be used in lips enhancement, adding volume, shape, and definition to the lips. They can also minimize wrinkles and vertical lines above and around the lips. The most commonly used dermal filler for lips enhancement is hyaluronic acid-based fillers. They can be used to enhance the shape, size, and symmetry of the lips and reduce wrinkles in the lip area. Examples of commonly used dermal fillers include Juvederm, Radiesse, Belotero, and Restylane. These fillers are developed with hyaluronic acid, a naturally occurring substance in the skin, which can enhance lips and cheeks. The fillers also contain lidocaine, a numbing agent, to reduce discomfort during injections.
INSIGHTS BY GENDER
Dermal fillers are becoming increasingly popular among men and women as a non-invasive treatment for facial aging. The female segment dominated the global dermal fillers market in 2022. For women, dermal fillers often address age-related changes in facial structure, such as a flattening of the midface and loss of volume in the lips and cheeks. They can also fill in wrinkles and expression lines and subtly volumize and enhance specific features, such as a prominent nose or chin.
INSIGHTS BY END-USER
The global dermal fillers market by end-users is segmented into hospitals, specialty & dermatology clinics, and medical spas & beauty centers. Hospitals are the prime and major market growth contributors. The rising number of hospitals and demand for aesthetic procedures positively triggered the high market growth. In 2022, the hospital's segment accounted for 38.91% of the global dermal fillers market share. A plastic surgeon or dermatologist typically does the procedure in a hospital setting. The procedure typically takes less than 30 minutes, and results can often be seen immediately. The availability of the best practitioners, professionals, and experienced expertise, better access to aesthetic treatments, and the presence of high technology and advanced healthcare services derived high market growth by the segment.
North America is the most dominant region in the global dermal fillers market, and in 2022, the region accounted for over 33% of the global market size. The growing awareness about aesthetic procedures, advanced technology usage, increasing disposable income, and availability of recovery centers contribute to the region's market growth. Further, every year, Americans spend billions of dollars on cosmetic procedures indicating high per capita expenditure and wide acceptance of medical aesthetic procedures in the region.
The booming European dermal fillers market is primarily driven by the increasing risk of skin aging, rising demand for minimally invasive aesthetic treatments, and the growing use of cosmeceuticals among consumers. In recent years, due to the aging population, the European population has been turning to dermal fillers to reduce the appearance of wrinkles and fine lines. Further, the APAC region is projected to witness the fastest growth rate in the global dermal fillers market during the forecast period. This growth results from advancements in the region's aesthetic treatments and cosmetics industry and increasing consumer demand for such treatments.
The global dermal fillers market is competitive and fast-growing, with many leading companies offering unique products. Manufacturers constantly race to gain market share and deliver innovative products that meet consumer expectations for quality, convenience, and results. Companies compete for customers by investing heavily in research and development to develop advanced dermal fillers. In addition to product innovation, companies are racing to provide the most competitive prices and best customer service. Manufacturers also aggressively advertise and promote their products to gain an edge in the marketplace.
Companies such as AbbVie (Allergan), Galderma, Merz Pharma, Sinclair, and TEOXANE, are established players in the dermal fillers market with a wide range of products. There is often a fierce rivalry among manufacturers to be the first to get the latest breakthrough in dermal filler technology to market. To do this, companies invest heavily in cutting-edge research and development and work feverishly to remain ahead of the competition. As new products are developed and released, a sense of urgency exists to keep ahead of trends and enact changes to one-up competitors.