The 2022, the dermal fillers and botulinum toxin market to be valued at US$ 5.9 billion. From 2022 to 2032, the market is projected to grow at a compound annual growth rate of 6.1%. By the end of 2032, the market is expected to be valued at approximately US$ 10.5 billion. With a market share of roughly 59.3% in 2021, botulinum toxin is presently leading the dermal fillers and botulinum toxin market.
North America has the largest share by region in the Dermal Fillers and Botulinum Toxin Market and it is anticipated to retain its commanding position throughout the duration of the study. A market pushing past US$ 5 Billion makes North America an extremely lucrative opportunity for key players in the Dermal Fillers and Botulinum Toxin Market.
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Although APEJ is just a tenth in size of the North America market, APEJ is poised to record a much higher CAGR of 8.2%, making it a region vital for future growth.
Forecast by Application: Wrinkle Reduction to Grow Much Faster than Aesthetic Volume Restoration:
The wrinkle reduction segment is comparatively much smaller than the aesthetic volume restoration segment in the Dermal Fillers and Botulinum Toxin Market. However, it is estimated to record a considerably higher CAGR of 8.1% from 2017-2027.
The FDA has given their assent to the use of dermal fillers for the purpose of skin enhancement, smoothening, and wrinkle reduction. This should go a long way in raising the prospects of wrinkle reduction in the Dermal Fillers and Botulinum Toxin Market.
Forecast by Product Type: Botolinum Toxin Most Attractive Segment in the Dermal Fillers and Botulinum Toxin Market:
The botolinum toxin segment dominates the Dermal Fillers and Botulinum Toxin Market by product type. Patients across the world seem to prefer botulinum toxin type-A to eliminate face wrinkles. However, there are only three manufacturers at present and increasing botolinum toxin manufacturing output could prove to be the game changer in the Dermal Fillers and Botulinum Toxin Market. BTXA injections are gaining maximum traction in the Dermal Fillers and Botulinum Toxin Market because of immediately visible improvements and minimal downtime. The botolinum toxin segment is projected to register a CAGR of 6.4% in terms of value during the forecast period.
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Dermal Fillers and Botulinum Toxin Market: Competition Dashboard
- Allergan plc.
- Galderma SA
- Merz Pharma GmbH & Co. KGaA
- Anika Therapeutics, Inc.
- Suneva Medical, Inc.
- Speciality European Pharma
- HUGEL, Inc
- Grex Pharma SaS
- Daewoong Pharmaceuticals
- Medy-Tox Inc.
- TEOXANE Laboratories
- SciVision Biotech Inc.
- Ipsen SA
Key Takeaways from the Report:
Dermal fillers and botulinum neurotoxin type A products are in great demand for wrinkle reduction procedures in monotherapy. The American Academy of Facial Plastic and Reconstructive Surgery states that more than 4/5th of all surgeons reported a celebrity being the key reason that patients underwent a specific treatment in the Dermal Fillers and Botulinum Toxin market.
The proliferation of social and mainstream media has had a massive impact on customers, encouraging them to go under the knife earlier to delay the onset of ageing as much as possible.
Key Segments Covered in Dermal Fillers and Botulinum Toxin Market Research Report:
By Product:
- Hyaluronic Acid Based Dermal Fillers
- Non-hyaluronic Acid Based Dermal Fillers
- Botulinum Toxin
By Application:
- Aesthetic Volume Restoration
- Wrinkle Reduction
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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