An aging population is fueling the growth of dermal fillers and other minimally invasive cosmetic procedures, according to Future Market Insights.
The rising demand for minimally invasive aesthetic procedures, especially in developed countries, is projected to drive dermal fillers market growth over the next 10 years, according to the analysts at Future Market Insights.
A growing trend towards non-invasive procedures and increasing efficiency of dermal fillers have been driving the market.
In a recent study, Future Market Insights (FMI) projected the market to reach $4.04 billion by the end of 2021. The application of dermal fillers ranges from better aesthetic outcomes to the treatment of forehead augmentation.
Use is not restricted to facial skin procedures and it also includes various derma aesthetic procedure treatments.
An increase in the number of non-invasive aesthetic surgeries and an increasing number of aesthetic surgeons are expected to be important factors for surging demand.
Clinics and hospital pharmacies are the preferred channels of distribution for fillers. The absorbable dermal fillers segment will continue accounting for more than 99% of the global share among products through the forecast period, according to FMI.
Additionally, increasing awareness in emerging countries, the emergence of new products, and new indications are enabling growth.
An aging population in the U.S., the largest market for dermal fillers in North America by far (89%), is one of the major factors that is rapidly fueling demand.
The aging population is increasingly looking to achieve healthy skin through treatments that effectively diminish the signs of aging and facial treatment will keep the demand high, according to FMI.
The global market will continue expanding at a steady pace. FMI has projected the market to exhibit 2.8% year-over-year growth. Demand is expected to remain significantly high in the United Kingdom. FMI has projected it to exhibit over 5% year-over-year growth.
Germany and France are other lucrative markets for dermal fillers in Europe. Sales in Japan are expected to be considerably high and South Korea is expected to continue exhibiting rising demand for dermal fillers.