Global Hyaluronic Acid Based Dermal Fillers Market Report and Forecast 2024-2032

Global Hyaluronic Acid Based Dermal Fillers Market Outlook

The global hyaluronic acid based dermal fillers market size was valued at USD 4.46 billion in 2023, driven by the rising geriatric population, facial ageing, and the inclination towards improving physical appearance along with the rise in demand for wrinkle correction treatments are accelerating the market expansion. The market is estimated to grow at a CAGR of 7.1% during the forecast period 2024-2032 to attain a value of USD 8.26 billion by 2032.

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Rising Demand for Wrinkle Correction Treatments to Propel the Market Growth of Hyaluronic Acid Based Dermal Fillers

Based on application, the demand for wrinkle correction treatment is expected to grow in the forecast period. The rising geriatric population, facial ageing, and the inclination towards improving physical appearance are accelerating the market expansion. The environmental and lifestyle factors such as smoking, heredity, psychological stress, and occupational and recreational sun exposure are leading to a rise in moderate to severe wrinkle cases in adults, thereby leading to a wider adoption of cosmetic treatments like hyaluronic acid based dermal fillers. The new filler substances such as hyaluronic acid are increasingly being utilised by health care professionals and dermatologists because of their long-term effects when compared to collagen-based dermal fillers. The repeated injections of hyaluronic acid result in the increased natural production of collagen by the body. Additionally, the availability of different hyaluronic acid based wrinkle dermal fillers like Belotero Balance, Juvederm Voluma XC, Juvederm Ultra X, Juvederm Volbella XC, and others is bolstering the market growth. The development of new hyaluronic acid based dermal fillers to reduce wrinkles are likely to aid the market growth over the forecast period.

Market Segmentation

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Hyaluronic acid based dermal filler is a temporary cosmetic treatment that is done by injecting hyaluronic acid into the skin through a needle or cannula. The treatment improves the skin's contour and reduces depression in the skin due to scars, injury, or lines. Hyaluronic acid is naturally present throughout the body, and it attracts water, which allows the skin to become more hydrated.

The market for hyaluronic acid based dermal fillers, by product, is bifurcated into:

• Single Phase
• Duplex

Based on application, the market is segmented into:

• Wrinkle Correction
• Scar Treatment
• Restoration of Volume
• Lip Augmentation
• Others

On the basis of end use, the market is divided into:

• Hospitals
• Speciality Dermatology Clinics

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The regional markets for hyaluronic acid based dermal fillers can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Growing Importance of Physical Appearance to Drive the Market Growth of Hyaluronic Acid Based Dermal Fillers

The rising need to enhance one’s physical appearance to boost self-esteem is significantly catalysing the market growth of hyaluronic acid based dermal fillers. The rapid development of cosmetic clinics, growing awareness about hyaluronic acid based dermal fillers, and the improved living standards of the population are playing a critical role in the market development. There is a rising inclination towards hyaluronic acid based dermal fillers as they serve as a non-invasive method of augmenting lips and chin, creating the appearance of a stronger jawline, or reducing asymmetries in the nose. Thus, the safety associated with the procedure and mild side effects that can be resolved without treatment are invigorating the market expansion. The approval of new hyaluronic acid based dermal fillers by government organisations is providing a further impetus to the market growth. For instance, in December 2021, the US Food and Drug Administration (FDA) approved RHA Redensity developed by Teoxane, a Swiss hyaluronic acid product manufacturing company. RHA Redensity reduces moderate to severe wrinkles in adults aged 22 years and older.  The efforts made by the market players for developing cutting-edge technologies, like Advanced Thixotropic Technology (ATT), to achieve the highest quality products and outstanding treatment results are expected to augment the market growth over the forecast period.

Key Players in the Global Hyaluronic Acid Based Dermal Fillers Market

The report gives a detailed analysis of the following key players in the global hyaluronic acid based dermal fillers market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Allergan Aesthetics
• Merz Pharma GmbH & Co. KGaA
• Sinclair Limited
• Teoxane S.A.
• BioPlus Co., Ltd.
• Sculpt Luxury Dermal Fillers Ltd
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report