Dermal Filler Market in U.S. is Projected to Grow at 10.9% CAGR, Reaching US$ 3.3 Billion by 2031: TMR Study

PRESS RELEASE
Published June 12, 2023

WILMINGTON, DE / ACCESSWIRE / June 12, 2023 / Transparency Market Research Inc. - The dermal filler market in the U.S. was valued at US$ 1.2 Bn in 2021 and is projected to reach US$ 3.3 Bn by 2031, expanding at a CAGR of 10.9% between 2022 and 2031. Dermal fillers are implants that can be injected and are frequently used to give the appearance of a flawless and refreshed face.

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Usage of dermal fillers in a range of procedures that improve a person's look has fueled market development. A growing number of businesses are investing significantly on research and development activities to produce cutting-edge technology in the cosmetics industry. This led to the development of better fillers that are simpler to administer and offer very high levels of satisfaction for patients.

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Dermal fillers made of hyaluronic acid from non-animal sources have been utilized for many years and have proven to be effective as well as safe. New formulas have been introduced by some of the industry's major companies, boosting the dermal filler market size.

Consumers now have the option to explore the numerous dermal filler techniques available for treating skin and face diseases. This is owing to increased internet penetration in both developing and developed countries, which is expected to support sales of dermal fillers on online platforms. Dermal filler treatments employ various dermal filler types for different purposes, such as reducing the visibility of wrinkles and face fillers for enhancing the look of facial lines.

Key Findings of Market Report

  • The lip enhancement segment is anticipated to expand at the fastest CAGR of 10.7% from 2022 to 2031. Rise of the selfie culture has contributed to an unprecedented rise in demand for lip augmentation. A growing number of young people choose to alter their lips for a lush and voluminous look, which has resulted in a boom in lip enhancements.
  • Based on product, the biodegradable dermal fillers segment dominated the market in the U.S. in 2021. The segment is projected to account for significant market share by 2031. The segment is anticipated to grow at a CAGR of 11% between 2022 and 2031. Advantages of biodegradable materials, including non-toxicity and lengthy material shelf life, is propelling segmental value. As a consequence, demand for biodegradable dermal fillers is anticipated be driven by rise in awareness about product advantages and increase in procedural volume.
  • In terms of revenue, the hyaluronic acid segment accounted for considerable market share in 2021, and the trend is projected to continue between 2022 and 2031. This is ascribed to both women and men's rising anxiety over maintaining beauty standards.

Dermal Filler Market in the U.S Market: Growth Drivers

  • The popularity of non-surgical dermatological treatments has risen considerably owing to a number of benefits provided by these techniques. These benefits include more rapid outcomes, lower costs, and lower hazards compared to traditional approaches. Additionally, a growing interest in face rejuvenation and an urge to look youthful are the driving factors behind the need for non-invasive dermatological treatments. In minimally invasive treatments, injectable dermal fillers are utilized for filling in wrinkles, plump thin lips, augment shallow features, smooth facial creases, and repair scars.

Dermal Filler Market in the U.S Market: Key Players

  • Croma-Pharma GmbH
  • Merz Pharma GmbH & Co. KGaA
  • Advanced Aesthetic Technologies
  • TEOXANE Laboratories
  • DR. Korman Laboratories
  • Suneva Medical, Inc.

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Dermal Filler Market in the U.S Market: Segmentation

Product

  • Biodegradable
  • Non-biodegradable

Material

  • Calcium Hydroxylapatite
  • Hyaluronic Acid
  • Collagen
  • Poly-L-lactic Acid
  • PMMA
  • Fat
  • Others

Application

  • Facial Line Correction Treatment
  • Lip Enhancement
  • Scars Treatment
  • Others

End-user

  • Hospitals
  • Dermatology clinics
  • Aesthetic Centers
  • Others

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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