Hyaluronic Acid Based Dermal Fillers Market Size, Share & Trends Report

Hyaluronic Acid Based Dermal Fillers Market Size, Share & Trends Analysis Report By Product (Single-Phase, Duplex), By Application (Wrinkle Removal, Lip Augmentation), By Region (APAC, Europe), And Segment Forecasts, 2018 - 2025

  • Published Date: Dec, 2018
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-999-9
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 100

Industry Insights

The global hyaluronic acid based dermal fillers market size was valued at USD 3.20 billion in 2017 and is projected to register a CAGR of 8.31% over the forecast period. Increasing disposable income and a strong influence of social media are among the key factors boosting market growth. In addition, technological innovations resulting in reduced procedure and recovery time are likely to augment the demand over the forecast period.

According to the International Society of Plastic Surgery, in 2016, approximately 8,500,000 non-surgical procedures were performed worldwide. Increasing health consciousness and awareness regarding the changing beauty standards have led to a rise in demand for cosmetics and aesthetics procedures. This is also expected to have a positive impact on the overall market development.

U.S. hyaluronic acid based dermal fillers market

In 2015, hyaluronic acid injectable was the second-most frequently performed procedure in America and the total expenditure on nonsurgical cosmetic procedures was more than USD 5 billion. The Europe and U.S. regions have a well-defined set of regulations for manufacturers and suppliers in the industry. However, this scenario is said to become more stringent with the introduction of new products.

This is expected to result in a steady market growth as these regulations will make the aesthetics industry more organized. Teoxane entered the market by launching their patented Teosyal RHA technology thus expanding its product range. In 2017, Galderma added Restylane Refyne and Restylane Defyne products with XpresHAnTechnology in their product portfolio.

Product Insights

Based on product, the hyaluronic acid based dermal filler market is segmented into single-phase and duplex products. The single-phase products segment is expected to witness the fastest CAGR on account of growing preference and expansion of treatment areas. These products are considered less painful as compared to duplex products.

According to in-vitro and in-vivo studies, the single-phase HA dermal fillers are indicated for correction of moderate to deep wrinkles and for volumizing facial features. The duplex injectables are preferred in the correction of glabellar lines and nasolabial folds. Duplex products are better, in terms of durability, as compared to single-phase products.

Application Insights

On the basis of application, the market is divided into wrinkle removal, lip augmentation, rhinoplasty, and others. Hyaluronic acid based dermal fillers with other injectables are classified as medical devices class III. Wrinkle removal and lip augmentation procedures had huge demand in the past due to influence of social media and advertisements promoting them.

Global hyaluronic acid based dermal fillers market

The application of hyaluronic acid dermal fillers varies as per age group. For the age group of 18-30 years, lip augmentation, scar treatment, and rhinoplasty are preferred than correction of wrinkles. The application scope for these fillers is expected to expand as manufacturers are getting approvals for extended usage of their products for other parts of the body.

Regional Insights

Asia Pacific is expected to emerge as the fastest-growing market over the forecast period. South Korea is one of the highest contributors to the region’s revenue, owing to high demand for aesthetic procedures. China is one of the attractive markets for the industry players due to the presence of a large target population base. South Korea is considered to be the plastic surgery capital of the world and is ranked third in the maximum number of plastic surgeries.

Moreover, the regulatory scenario is not stringent in countries, such as South Korea, Brazil, India, China, offering attractive opportunities for international companies to set their footprints in these markets. North America led the market in 2017. Increased working age and awareness about aesthetic procedures are some of the major drivers of the market. U.S. is the most important region and accounts for the majority share of North America market.

People in this region are more conscious about aging and are open to advanced treatment methods, which is also projected to have a positive impact on the regional expansion. Europe is also anticipated to have a decent growth over the coming years due to the presence of local manufacturers and medical professionals with their patented technologies and products.

Hyaluronic Acid Based Dermal Filler Market Share Insights

Major companies in the market are investing in R&D of the existing products to expand the indication of products for treating different areas. For instance, Allergan and Nestlé Skin Health expanded their product range by attaining FDA approval for different treatment areas.

Restylane Lyft from Nestlé Skin Health is the only hyaluronic acid dermal filler that received FDA approval for correction of volume loss from hands. Some of the key industry contributors are Medicis Aesthetics Holdings, Inc.; Allergan PLC; Galderma S.A.; Merz Pharma GmbH & Co. KGaA; Genzyme Corporation; Inamed Corporation; and Anika Therapeutics, Inc.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD Million and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, U.K., Germany, France, Italy, Spain, Japan, China, India, South Korea, Brazil, Mexico, and South Africa

Report coverage

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

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global hyaluronic acid dermal filler market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Single-phase products

    • Duplex

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Wrinkle removal

    • Lip augmentation

    • Rhinoplasty

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa

      • South Africa

Key questions answered by the report
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