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North America and Europe Dermal Filler Market Analysis| Coherent Market Insights

North America region held dominant position in North America and Europe dermal fillers market in 2019, accounting for 59.6% share by 2027.

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North America and Europe Dermal Filler Market Analysis| Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. NORTH AMERICA & EUROPE DERMAL FILLER MARKET ANALYSIS North America and Europe Dermal Filler Market,ByProduct Type (Absorbable, Non-absorbable), By Ingredients (Hyaluronic acid, Poly-L-Lactic acid, Calcium Hydroxylapatite, Polymethylmethacrylate, Collagen), By Distribution Channel (Retail pharmacies and drug stores, Clinics and Hospital pharmacies, Online sales), and By Region (North America, Western Europe, Eastern Europe) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. North America and Europe dermal fillers market is estimated to account for US$ 2981.1 Mn in terms of value by the end of 2027. Drivers • Increasing geriatric population is expected to propel growth of North America and Europe dermal fillers market over the forecast period. For instance, according to the U.S. Census Bureau, geriatric population in the U.S. is expected to reach 77 million by 2035. • Moreover, increasing healthcare expenditure is also expected to aid in growth of the market. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5% per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027. • North America region held dominant position in North America and Europe dermal fillers market in 2019, accounting for 59.6% share in terms of value, followed by 2027.

  4. Figure 1.North America and Europe Dermal Fillers Market Share (%),by Region, 2019

  5. Market Restraints • High cost of physician services for procedures and the need for multiple sessions for desired results is expected to hinder growth of North America and Europe dermal fillers market.Theservice cost of physicians or surgeons is around 40 to 50% of the dermal filler cost.Thefillers like HA,PLLA,CaHAand collagen are biodegradable and last for 3 to 24 months.Mostof them are naturally present in body and therefore get degraded quickly.Thisin turn requires multiple sessions for attaining the desired results, which further increases the overall cost of the procedure.  • Majority of the dermal fillers currently available are absorbable / bio degradable except for PMMA fillers. Biodegradable fillers last for 3 to 24 months,whereasPMMA fillers last for 4-5 years.Thismakes the procedure repetitive after the certain time,whichmay lead to a shift towards surgical facial rejuvenation instead of dermal fillers,whichlimits growth of the market.

  6. Market Trends • The market is witnessing high adoption of injectable dermal fillers as a minimally invasive approach to reduce facial lines and wrinkles. For instance, according to American Society of Plastic Surgeons (ASPS), around 2.7 million dermal filler injection procedures were performed in 2018 in the U.S. • Dermal fillers are also used in enhancement of dorsal area of hands and for HIV-induced facial lipoatrophy. CaHA fillers are used for the treatment of paralyzed vocal cords and dentists also can perform dermal filler procedure for facial rejuvenation to improve post dental procedures facial aesthetics. • Hand rejuvenation is gaining preference among the populace. However, there are few treatments approved for the correction of volume loss in the hand, which include application of PLA and CaHA.

  7. Market Opportunities • Players in the market may focus on offering inexpensive, safe, painless to inject, hypoallergenic, and long lasting dermal fillers. Moreover, the product should offer reliable and expected results, be ready-to-use, and the time required to inject the filler should be less. • R&D in dermal fillers is also expected aid in growth of the market. For instance, according to a new study, ‘An Objective, Quantitative, Dynamic Assessment of Hyaluronic Acid Fillers That Adapt to Facial Movement’, published in the February 2020 issue of Plastic and Reconstructive Surgery, dermal fillers also restore a more youthful pattern of facial movement and expressiveness apart from filling wrinkles. • Absorbable segment in North America and Europe dermal fillers market was valued at US$ 1,723.7 Mn in 2019 and is expected to reach US$ 2,936.9 Mn by 2027 at a CAGR of 6.9% during the forecast period.

  8. Competitive Section Major players operating in North America and Europe dermal fillers market include, GaldermaPharma S.A., Sinclair Pharma plc., Allergan Plc., Anika Therapeutics Inc., MerzPharma GmbH & Co. KGaA, Suneva Medical Inc., Teoxane Laboratories Inc., Prollenium Medical Technologies Inc., Adoderm GmbH, and LaboratoiresVivacy SAS.

  9. Key Developments • Major players in the market are focused on adopting collaboration and partnership strategies to expand their product portfolio. For instance, in January 2020, Revance Therapeutics, Inc. signed an agreement with TEOXANE SA for distribution of TEOXANE SA’s Resilient Hyaluronic Acid technology in the U.S. • In January 2020, Histogen, Inc., a regenerative medicine company, expanded its partnership with Allergan, Inc., under which Allergan acquired exclusive rights to incorporate and commercialize Histogen's cell conditioned media in microdermabrasion therapies and exclusive rights to new Histogen intellectual property in the aesthetic field.

  10. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/north-america-and-europe-dermal-filler-market-3522

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  12. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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