Aesthetic Fillers Market, By Product Type (Absorbable and Non-absorbable), By Material Type (Polymers and Particles, Collagen, and Hyaluronic Acid), By Application (Facial Line Correction and Wrinkles, Face Lift, Lip Treatment, and Other Applications), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Oct 2022

Code : CMI5267

Pages :170

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Aesthetic Fillers Market Drivers:

Increase in the number of cosmetic procedures, such as face lifts, breast augmentation, wrinkle removal, and lip treatments, across the globe is expected to augment the growth of the global aesthetic fillers market over the forecast period. Dermal fillers, lip and facial fillers, soft tissue fillers, or wrinkle fillers are approved by the U.S. Food and Drug Administration (USFDA) for use in helping to create a smoother and/or fuller appearance in the face, including nasolabial folds (lines on either side of the mouth that extend from the edge of the nose to the mouth's outer corners), chin, lips, cheeks, and back of the hands.

Increase in attention on facial aesthetics among older population is expected to boost growth of the global aesthetic fillers market over the forecast period. For instance, aesthetic fillers are crucial in anti-aging treatments and particularly used to stop damage like hyperpigmentation and early aging. Thus, with the rise in geriatric population around the world, the use or demand for aesthetic fillers is also increasing. According to the United Nations, there were 703 million persons aged 65 years or over in the world in 2019. The number of older persons is projected to reach around 1.5 billion in 2050.

Global Aesthetic Fillers Market Opportunities:

Increasing demand for facial aesthetics around the world is expected to offer lucrative growth opportunities for players in the aesthetic fillers market. For instance, facial aesthetic treatment is a non-surgical procedure that deals with skin lifting and skin smoothening, especially that of the face. As a result, the demand for aesthetic fillers had increased across the globe. According to the American Society of Plastic Surgeons Report 2020, around 123,685 face lift procedures were performed across the globe in 2019.

Rising acceptance of tissue fillers or rise in use of tissue fillers is expected to provide significant growth opportunities for players in the global aesthetic fillers market. For instance, soft tissue fillers can be used to restore a semblance of youth through the replacement of lost tissue volume and the filling and effacement of coarse wrinkles. According to the American Society of Plastic Surgeons, in 2019, around 37% of soft filler injection were used for treatment of various skin conditions such as wrinkles, skin ageing, and face lift procedures worldwide.

Global Aesthetic Fillers Market Restraints:

High cost associated with aesthetic procedures/surgeries is expected to hamper growth of the global aesthetic fillers market. The top cosmetic or aesthetic surgeries are facelift, liposuction, breast augmentation, nose reshaping, eyelid surgery, and tummy tuck. Average cost of a facelift is US$ 8,005, according to the American Society of Plastic Surgeons. Facelift surgery cost in India ranges between US$ 2800-3500 (INR 214,925 – 268,657).

Side effects associated with aesthetic fillers is expected to hinder growth of the global aesthetic fillers market. For instance, some side effects associated with dermal fillers include redness and swelling, which may be experienced after the procedure is completed and continue for several days or weeks after receiving permanent implants.