Asia Pacific Dermal Filler market share was valued at USD 1.3 billion in 2019 and is expected to witness over 8.2% CAGR from 2020 to 2026.
Dermal fillers are also known as soft tissue fillers or injectable fillers that enhance facial appeal. These are often used to provide restore lost facial volume and reduce or eliminate wrinkles. Due to the increase in number of cosmetic procedures, dermatological clinics are witnessing significant demand for dermal fillers.
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Significant increase in number of aesthetic procedures in the region will drive the demand for dermal fillers in the foreseeable future. With increasing awareness and demand for minimally invasive cosmetic procedures, the region will foresee momentous industry growth. For instance, according to the International Society of Aesthetic Plastic Surgery, in India about 895,896 cosmetic procedures were performed in 2018 with more than 500,000 non-surgical procedures including injectables. Moreover, cost-effectivity of the treatment with booming medical tourism industry in the country will ultimately influence the market growth. Thus, rising preference for minimally invasive techniques offering cost effective treatment will stimulate the regional growth potential in the forthcoming years.
Asia Pacific Market, By Type
Biodegradable segment held majority of market share in 2019 and is expected to witness 8.0% CAGR during forecast years. Biodegradable dermal fillers are further classified as temporary and semi-permanent fillers. High segmental growth is attributable to the advantages associated with the application of these fillers helping the patients in decision making for permanent fillers treatment. Also, it offers flexibility to patients with respect to duration and frequency of procedures. Additionally, benefits such as less invasiveness, minimal recovery time and lesser side effects of temporary fillers will drive the overall biodegradable dermal filler market growth over projection period.
Asia Pacific Market, By Material Type
Hyaluronic acid (HA) segment dominated the market with over 85% revenue share in 2019 and will witness robust growth during analysis period. Preference for hyaluronic acid fillers due to reduced risk of associated allergic reactions impels the segment growth. Companies operating in the Asia Pacific dermal filler market have broad portfolio of HA fillers and are increasing their availability through geographical expansion. Thus, demand for non-invasive cosmetic treatments and range of benefits associated with temporary fillers including HA will positively impact the segment revenue in foreseeable future.
Asia Pacific Market, By Application
Facial line correction segment witnessed highest revenue accounting for USD 550 million in 2019 and is anticipated to grow momentously during projected timeframe. Appearance of facial lines with aging provides demand for aesthetic procedures. Growing geriatric population pool in developed and developing countries significantly contributes to preference for cosmetic treatments. For instance, Japan is one of the top countries with highest geriatric population constituting for about 28% of the overall population. Thus, high spending power and adoption of advanced products boosts procedural volume within elderly population that will fuel the segment revenue.
Asia Pacific Market, By End-use
Dermatology clinics segment will grow at considerable 8.3% CAGR during analysis period. Dermatological clinics provide extensive range of cosmetic treatment services including facelift, face contouring and scars treatment among several others. Highly skilled specialists in the area providing customized therapies will drive patient preference for these clinics. Increasing demand is leading to expansion of facilities network to cater to broad population. Hence, extensive service portfolio with increasing prevalence of skin conditions will propel the segment growth.
Asia Pacific Market, By Country
India dermal filler market is expected to be valued at over USD 400 billion by 2026. Rapid growth is primarily attributable to increasing procedural volume and awareness about minimally invasive aesthetic treatments. The share of non-invasive procedures was comparatively higher than surgical operations. Additionally, environmental factors including pollution and adoption of smoking are contributing factors to early skin aging that will influence the procedural demand. Owing to the aforementioned factors, India dermal filler market is anticipated to progress at rapid rate.
Competitive Market Share
Some of the major industry players involved in Asia Pacific dermal filler market include AbbVie Inc. (Allergan Plc.), Merz Pharma GmbH & Co. KGaA, Galderma, Huons Global and Sinclair Pharma among others. The key players are undertaking various strategies such as collaborations and mergers & acquisitions to sustain market competition and explore the untapped business potential. For instance, in April 2019, Allergan plc announced the approval for Juvéderm VOLUX, a HA-gel dermal filler with its unique patented VYCROSS technology. This strategy has helped the company in expanding footprint in dermal filler market.
The use and development of dermal fillers dates back in 19th century with the introduction of soft tissue dermal filler injection of paraffin. Later, with rising focus on development and safety, the product approvals increased, and since then, a wide range of dermal fillers have been approved for the treatment of variety of skin conditions. Companies operating in the region started innovating reliable, cost-effective and efficient fillers to cater to different requirements. Moreover, advancements in materials including hyaluronic acid, manmade or synthetic polymers improved product effectiveness. The introduction of synthetic fillers such as calcium poly-L-lactic acid and calcium hydroxylapatite with long-term durability enhanced industry growth potential. In future, with expanding geriatric pool, growing awareness rates and disposable income of the population, local players will tap the blooming market potential through various growth strategies.