Industry Background:
Dermal filler is a treatment method used to remove wrinkles and help restore fullness in the face by injecting a tiny needle. This method is mostly used by aging people but recently there has been increasing in young people opting for this service. With people losing facial charm owing to changing lifestyle and improper diet, the demand for dermal fillers treatment will continue to rise as focus on physical appearance keep growing. However, dermal fillers are not allowed to treat certain body parts, which acts as a restraint for the very market.
This growth is primarily driven by Rise in Number of People Opting for Treatment to Cure Facial Wrinkles and Scars and Non-evasive Nature of Treatment and Short Time Span Needed to Perform.
Globally, a noticeable market trend is evident Micro-Botox Goes Mainstream
. The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Allergan PLC [Ireland], Merz Aesthetics [United States], Galderma Laboratories (Nestle) [Switzerland], Bioform Medical, Inc [United States], Cynosure [United States] and Syneron [United States] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
January 2019 -: United States based suneva medical partnered Healeon Medical, Inc and Puregraft, LLC to strengthen its position as a Leader in regenerative aesthetics.
Regulatory Insights:
FDA has approved dermal fillers made from absorbable or temporary material can be used to correct moderate to severe facial wrinkles. While the non-absorbable material is allowed for correction of nasolabial folds and cheek acne scars in patients over the age of 21 years. Also, FDA has approved the use of dermal filler for purpose such as hand augmentation. However, the regulatory agency bars dermal filler from being used in breast augmentation, increasing size of the buttocks, increasing fullness of the feet, and implant into bone, tendon, ligament or muscle.
Market Drivers
- Rise in Number of People Opting for Treatment to Cure Facial Wrinkles and Scars
- Non-evasive Nature of Treatment and Short Time Span Needed to Perform
Market Trend
- Micro-Botox Goes Mainstream
- Shift from Face to Other Body Parts Treatment
Restraints
- High Cost Involved in Treatment
- Stringent Regulation on Use of Dermal Filler to Increase the Size of Certain Body Parts such as Breast, Buttocks, Feet Fullness
Opportunities
Growing Disposable Income in Emerging Countries and Rising Popularity of Dermal Fillers Treatment Among Millennial
Challenges
Risk of Infection at the Injection Site and Availability of Alternative Surgical Methods
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Dermal Fillers Study Sheds Light on
The Dermal Fillers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Dermal Fillers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dermal Fillers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.