Hyaluronic Acid Dermal Filler Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030
Select Access Type
The Global Hyaluronic Acid Dermal Filler Market Size accounted for USD 4.1 Billion in 2021 and is projected to achieve a market size of USD 8.4 Billion by 2030 rising at a CAGR of 8.5% from 2022 to 2030. This global growth can be attributable to growing awareness and importance of quality of life and overall health among the population worldwide. Additionally, scientific developments and technical innovations in the industry are likely to encourage the market growth further. In 2016, as per the International Society of Plastic Surgery (ISAPS), hyaluronic acid based dermal filler measures were the second-most preferred injectable procedures across the globe.
Hyaluronic Acid Dermal Filler Market Report Statistics
- Global hyaluronic acid dermal filler market revenue is estimated to reach USD 8.4 Billion by 2030 with a CAGR of 8.5% from 2022 to 2030
- North America hyaluronic acid dermal filler market share accounted for over 38% shares in 2021
- According to the American Society for Aesthetic Plastic Surgery Statistics report, over 2.62 million cosmetic procedures were performed in 2020
- Asia-Pacific hyaluronic acid dermal filler market growth will register swift CAGR from 2022 to 2030
- Based on product, single-phase products captures over 55% of the overall market share in 2021
- Among application, wrinkle removal occupied more than 30% of the market share from 2022 to 2030
- Strong influence of social media is a popular hyaluronic acid dermal filler market trend that is fueling the industry demand
Global Hyaluronic Acid Dermal Filler Market Dynamics
Market Drivers
- Growing awareness for quality of life and overall health
- Increasing trend of minimally invasive surgeries
- Surging demand for flawless and youthful skin
- Rising medical tourism for aesthetic procedures
Market Restraints
- Presence of substitute dermal fillers
- Lack of skilled professionals
Market Opportunities
- Growth in technological innovations
- Rising number of outpatient aesthetic dermatology techniques
Hyaluronic Acid Dermal Filler Market Report Coverage
Market | Hyaluronic Acid Dermal Filler Market |
Hyaluronic Acid Dermal Filler Market Size 2021 | USD 4.1 Billion |
Hyaluronic Acid Dermal Filler Market Forecast 2030 | USD 8.4 Billion |
Hyaluronic Acid Dermal Filler Market CAGR During 2022 - 2030 | 8.5% |
Hyaluronic Acid Dermal Filler Market Analysis Period | 2018 - 2030 |
Hyaluronic Acid Dermal Filler Market Base Year | 2021 |
Hyaluronic Acid Dermal Filler Market Forecast Data | 2022 - 2030 |
Segments Covered | By Product, By Application, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Genzyme Corporation, ALLERGAN PLC; Galderma S.A.; Medicis Aesthetics Holdings, Inc.; Anika Therapeutics, Inc. Merz Pharma GmbH & Co. KGaA, Sculpt Luxury Dermal Fillers Ltd, Bioxis Pharmaceutical; Sinclair Pharma, Laboratories Vivacy, and Bohus Biotech AB |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Hyaluronic Acid Dermal Filler Market Growth Factors
Rising disposable income and strong influence of social media are the key factors encouraging the global hyaluronic acid dermal filler market growth. Moreover, technological advancements resulting in reduced procedure and recovery time are likely to augment the demand over the forecast period. This global growth can be attributable to growing awareness and importance of quality of life and overall health among the population worldwide. Additionally, scientific developments and technical innovations in the industry are likely to encourage the market growth further.
Hyaluronic Acid Dermal Filler Market Insights
In 2016, as per the fact provided by the International Society of Plastic Surgery, near about 8,500,000 non-surgical procedures were performed worldwide. This increase in health awareness and consciousness concerning the change in beauty standards among the population have led to a rise in demand for cosmetics and aesthetics procedures. This factor is also expected to have a positive impact on the global hyaluronic acid dermal filler market development.
The hyaluronic acid dermal fillers are frequently used for aesthetic procedures, such as reducing eye wrinkles, dark circles, scars, and improving nasolabial folds. Hyaluronic acid injections are characterized by ease of usage, relatively less expensive and comparatively highly effective. These coupled factors are expected to drive the growth of the global hyaluronic acid fillers market during the forecast period. Growing popularity and awareness of aesthetic measures for cosmetic makeover along with the easy availability of hyaluronic acid-based synthetic products which are FDA-approved, such as Juvederm, Perlane, Hylaform Plus, and Restylane, are also expected to drive the market growth during the forecast period.
Hyaluronic Acid Dermal Filler Market Segmentation
The global hyaluronic acid dermal filler market is segmented based on product, application, and geography.
Hyaluronic Acid Dermal Filler Market By Product
- Single-Phase
- Duplex Product
According to our hyaluronic acid dermal filler industry analysis, the single-phase sub-segment accounted for one of the largest market shares in 2021 and is expected to maintain this trend over the forecasted timeframe of 2022 to 2030. The single-phase fillers market is expected to grow rapidly due to multiple applications in skin and facial aesthetic procedures, fewer side effects, and rapid technological advancements in the development of new fillers.
Hyaluronic Acid Dermal Filler Market By Application
- Wrinkle Removal
- Lip Augmentation
- Rhinoplasty
- Others
According to our hyaluronic acid dermal filler market forecast, the wrinkle removal segment will lead the market in 2021, controlling for more than 50% of total revenue. This can be attributed to the growing popularity of social networking websites, persistent peer pressure, and the procedure's popularity among women and men of all ages. Furthermore, hyaluronic acid-based dermal fillers are becoming popular for correcting face structure and shape.
Hyaluronic Acid Dermal Filler Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Hyaluronic Acid Dermal Filler Market Regional Analysis
In 2021, among the regions, the North America hyaluronic acid dermal filler market held greater market share on account of higher number of minimally invasive cosmetic surgeries performed in the region. Asia Pacific hyaluronic acid dermal filler market is expected to witness greater CAGR during the forecast period, due to growing awareness about applications of minimally invasive techniques in emerging economies, such as China, and increasing disposable income levels.
Hyaluronic Acid Dermal Filler Market Players
The key players catering to the global hyaluronic acid dermal filler market are Genzyme Corporation, ALLERGAN PLC; Galderma S.A.; Medicis Aesthetics Holdings, Inc.; Anika Therapeutics, Inc. Merz Pharma GmbH & Co. KGaA, Sculpt Luxury Dermal Fillers Ltd, Bioxis Pharmaceutical; Sinclair Pharma, Laboratories Vivacy, and Bohus Biotech AB. The global players are continuously investing in R&D activities and innovating to have updated product portfolio to attract more and more business opportunity from the emerging nation such as that in Asia Pacific countries. Further changing customers’ preferences are encouraging global players to develop user friendly products with best experience for the users to cater best to the market. Also, Increasing R&D investments coupled with technological advancements to commercialize highly efficient products are anticipated to offer lucrative opportunities for industry participants.