Dermal Filler Market Trends

Growth Drivers

• Skin Tightening Treatment Acceptance Among Aging People- It was observed that more than 332,000 skin tightening procedures were performed in the United States in 2019. In developed countries, anti-aging and skin tightening treatments are becoming increasingly popular among people over 50 years of age. Moreover, people are becoming increasingly enticed to opt for dermal fillers owing to the desire to maintain youthful appearances and the rise in anti-aging trends, which is expected to drive the global market for dermal fillers growth over the forecast period.
• Rising Personal Disposable Income - In July 2020, personal income increased by USD 47.0 billion (0.2%) and disposable personal income (DPI) increased by USD 37.6 billion (0.2%), according to the Bureau of Economic Analysis.
• Growing Demand for Aesthetic Procedures Worldwide - According to a survey, 35% of respondents have observed an increase in aesthetic procedures since the COVID-19 pandemic erupted. It is believed that 75% of respondents attribute this trend to the desire to look good and present a perfect lifestyle on social media.
• Increasing Usage of Hyaluronic Acid Fillers Among Males - According to a survey, nearly 495,000 nonsurgical Hyaluronic Acid procedures were performed in the United States in 2020.
• Rising Popularity of Lip Treatments Among Females - For instance, approximately 45,000 lip augmentation procedures were performed in the United States in 2019.

Challenges

• High Expenditure Associated with Dermal Fillers Procedures - Cost is usually a factor in any type of aesthetic procedure. Dermal filler treatment is a popular and safe outpatient procedure for addressing some indications of ageing and volume loss, but the high cost of the procedures is anticipated to restrain market demand.
• Lack of Skilled Professionals for Surgeries & Treatments
• Relative Side-effects and Complications After the Procedure