Europe Hyaluronic Acid Based Dermal Fillers Market Report

Europe Hyaluronic Acid Based Dermal Fillers Market Analysis Report By Product (Single-phase, Duplex), By Application (Wrinkle Removal, Lip Augmentation), And Segment Forecasts, 2019 - 2026

  • Published Date: May, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-098-9
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 102

Industry Insights

The Europe hyaluronic acid based dermal fillers market size was valued to be USD 881.1 million in 2018 and is projected to exhibit a CAGR of 11.6% over the forecast period. Growing social media influence and increasing geriatric population are some of the factors contributing to the growth of the market.

Increase in number of aesthetic procedures being performed and rise in medical tourism are anticipated to further boost the market. There has been a rise in number of cosmetic clinics in countries such as France, which is contributing to the growth of the Europe market. Market players are in the process of introducing advanced products to improve treatment efficiency and subsequently capturing a larger market share. In 2018, Merz launched Belotero Lips for lip enhancement and treatment of perioral lines in Germany.

U.K. hyaluronic acid based dermal fillers market

With changing demographics, procedures, and products, dermatologists and physicians can customize therapies or procedures for individual patients. They opt for a combination of products for better outcomes and patient satisfaction. Botulinum toxin and hyaluronic acid dermal fillers are gaining popularity for treatment of wrinkles, owing to rising awareness about the desirable results, ease of performing these procedures, shorter hospital stays, rapid recovery with negligible incisions, wide availability of products, and minimal adverse effects.

Rapid technological advancements, product launches, and rising demand for aesthetic procedures are other major factors contributing to the growth of the market. According to the International Society of Aesthetic Plastic Surgery (ISAPS), in 2016, a total number of 227,307 nonsurgical procedures were performed in France, of which 120,156 were hyaluronic acid procedures, which is the second most preferred noninvasive procedure.

Product Insights

The market in Europe can be broadly studied on the basis of product into single-phase products and duplex products. Single-phase products accounted for around 58.0% share in the market in 2018 and are expected to be the largest and fastest growing segment owing to technological advancements, wide range of applications, increasing government funding for innovation, and rise in applications of implantable devices.

Hylacross technology provides a high concentration of cross-linked hyaluronic acid molecules, resulting in longevity of desirable effects. These are utilized for volumizing and correcting deeper folds, leading to higher preferability. Desired and beneficial effects produced by single-phase products are leading to increase in their preference among consumers.

Application Insights

The Europe hyaluronic acid based dermal fillers market has been segmented on the basis of application into wrinkle removal, lip augmentation, rhinoplasty, and others. The wrinkle removal segment held the largest market share of around 29.0% in 2018. The segment is also poised to emerge as the fastest growing application over the forecast period, registering a CAGR of 12.2%.

Europe hyaluronic acid based dermal fillers market

Hyaluronic acid fillers are gaining popularity in varied antiaging treatments. Increasing need and impulse to look young and defer the effects of aging has led to the advancement in technology, resulting in noninvasive procedures for treatment of wrinkles. Hyaluronic acid fillers are time-saving procedures that require no bandages or incisions and impose no restrictions after completion of the procedure. These act as substitutes for injectable fillers such as collagen owing to the fact that these are relatively less expensive, have a negligible risk of allergic reaction, and are more comfortable compared to injectable fillers.

Country Insights

In 2018, Italy dominated the overall market and is anticipated to be the fastest growing country during the forecast period. Italy has the largest geriatric population in Europe and accounts for the second largest geriatric population across the world. In 2017, Italy accounted for 21.53% of the total population with about 5 million men and 7 million women. Antiaging treatments are preferred by the elderly and middle-aged women to enhance aesthetic appeal, whereas lip and cheek augmentation procedures are preferred by women in their twenties. According to the ISAPS, about 952,830 aesthetic surgeries were performed in 2016, of which 650,995 were noninvasive procedures such as Botox and dermal fillers.

Increasing aesthetic consciousness, rapid technological advancements, and shorter procedure time are among other factors driving the market in Europe. Availability of several brands provides the opportunity for physicians to choose from varied technologies. Restylane, Perfectha, Juvederm, and Belotero are some of the popular brands of hyaluronic acid dermal fillers in U.K.

Europe Hyaluronic Acid Based Dermal Fillers Market Share Insights

Key industry contributors are Allergan, Galderma, Medicis, and Laboratoires VIVACY. Introduction of novel and advanced products and mergers and acquisitions are some of the strategic initiatives adopted by major players in the market.

For instance, in September 2018, Allergan launched its novel, dual-acting skin care product—SkinMedica LUMIVIVE System. In April 2018, the company received approval for treatment of submandibular area with CoolSculpting. This approval was expanded to include patients with a BMI of 46.2 for treating submental and submandibular areas.

Galderma and Allergan Plc are leaders in terms of strategic initiatives. In January 2019, Allergan plc established a new R&D unit in Cambridge and collaborated with famous personalities to amend the outlook of society toward aesthetic procedures. In October 2018, Galderma invested in R&D with the initiation of six new phase III and IV U.S. aesthetic clinical trials.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2026

Market representation

Revenue in USD Million & CAGR from 2019 to 2026

Country scope

U.K., Germany, France, Italy, Spain

Report coverage

Revenue forecast, company share, competitive landscape, growth factors & trends

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Segments Covered in the Report

This report forecasts revenue growth at regional and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the Europe hyaluronic acid based dermal fillers market report based on product, application, and country:

  • Product (Revenue, USD Million, 2015 - 2026)

    • Single-phase Products

    • Duplex Products

  • Application Outlook (Revenue, USD Million, 2015 - 2026)

    • Wrinkle Removal

    • Lip Augmentation

    • Rhinoplasty

    • Others

  • Country Outlook (Revenue, USD Million, 2015 - 2026)

    • U.K.

    • France

    • Germany

    • Italy

    • Spain

Key questions answered by the report
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