According to the Market Statsville Group (MSG), the global aesthetic fillers market size is expected to grow from USD 4.24 billion in 2022 to USD 10.40 billion by 2033, growing at a CAGR of 8.5% from 2023 to 2033. The market for aesthetic fillers is driven by expanding public awareness about cosmetic procedures, the availability of user-friendly and technologically sophisticated products and the rising demand for aesthetic treatments among the new generation. With increasing age, the elderly population is more prone to physiological changes in the skin, such as wrinkling and sagging. As a result, more women are seeking anti-aging treatment, as dermal fillers effectively reduce the indications of age. This will generate a large market demand for facial injectable fillers in the foreseeable future.

The growing preference for non-invasive cosmetic procedures will be a major driver of dermal filler market expansion. Dermal fillers are rapidly being preferred over surgical options as they enhance facial characteristics without the danger of bleeding, pain, or tissue invasion. On the other hand, high product costs and related side effects are stifling market growth.

Definition of the Global Aesthetic Fillers Market

Aesthetic fillers are available in the form of a gel that may be injected into the skin to improve face contours and volume. They also improve crimps and smooth lines on the face. It can be shown that hyaluronic acid, polymers, collagen, and particles are utilized in non-aesthetic methods to improve the face look. These procedures are most typically utilized to enhance the characteristics of the face. The characteristics of the face can evolve and be rectified with the aid of cosmetic fillers. They can treat both face wrinkles and skin creases. Fillers can also be used to add volume to the cheeks, lips, jawline, under-eye hollow, and chin.

Aesthetic fillers are also regarded as an anti-aging therapy. It aids in the restoration of a young and revitalized appearance. Those who wish to rejuvenate their faces without having to deal with incisions and anesthesia can choose aesthetic fillers therapy. People can obtain the required aesthetic objectives for their revitalized look by using Botox and dermal fillers. Aesthetic fillers have grown in favor among individuals all over the world due to their versatility.

COVID-19 Impact on the Global Aesthetic Fillers Market

COVID-19 has a significant impact on the industrial sector in terms of health, growth, economy, and mental well-being. The pandemic's impact can be seen in the beauty and aesthetic industry, which is at the epicenter of this unprecedented global pandemic concern. The market has been affected due to the elective consideration of operations and is one of the first medical procedures to face cancellations. To prevent the spread of the infection, numerous countries affected by the outbreak have delayed elective and non-essential surgeries. This directly affects the market growth during the pandemic.

Furthermore, the medical aesthetic and beauty industry has seen supply chain delays due to the COVID-19-imposed lockdown, which include restrictions on import and export, flight cancellations, reduced output, and disrupted supply lines. As a result of the decreased demand, it had a detrimental impact on injectable filler sales across the globe. From the second quarter of 2020, major market participants reported decreasing revenue for dermal fillers products.

Global Aesthetic Fillers Market Dynamics

Drivers: Growing Demand for Minimally Invasive Cosmetic Procedures

The huge increase in demand for facial aesthetics is one of the most important factors for the global market growth. People have sought out simpler and more painless procedures to achieve a youthful appearance and a healthy visage in recent years. Invasive cosmetic procedures are associated with a number of risks and frequently need the patient to spend additional days recovering after the procedure. The need to maintain a youthful appearance has fueled the development of minimally invasive dermatological procedures to rejuvenate the aging face in today's culture.

Minimally invasive facial rejuvenation cosmetic procedures are cosmetic procedures that alter the appearance and give results without surgery. These can include smaller incisions or procedures such as micro-needling or fillers that break the skin; though, do not make incisions. Wrinkles and fine lines, a loss of volume and contour, and unsightly fat are all targets for injectables and skin resurfacing procedures. The optimum technique for a given patient is determined by taking into account the patient's health problems, anatomical traits, tissue quality, and intended outcomes.

Restraints: High Product Costs and Related Side Effects are Stifling Market Growth

Despite the numerous aesthetic applications of dermal fillers, the global market is expected to be constrained by a number of limiting factors over the forecast period. One of the primary factors contributing to the global market's slowing growth is the high costs associated with these items. For instance: According to 2018 pricing data from the American Society of Plastic Surgeons (ASPS), the average cost of hyaluronic acid fillers is $682 per syringe. Similarly, as per the ASPS, Botox is measured in units and typically costs around $10 to $15 per unit. An average dosage of 30-40 units might be used to treat the forehead and eye area, for example, making the total cost around $300 to $600. Hyaluronic acid fillers can generally last anywhere from 6 to 18 months, while Botox usually lasts 3 to 6 months.

The cost of filler is determined by a variety of factors, including the competence and qualifications of the person doing the process, the type of method employed, and the amount of time and effort required for the procedure or therapy. Furthermore, due to the non-permanent nature of these materials, an individual may need to undergo further aesthetic procedures. As a result, the individual's financial burden grows, and they may choose not to undergo these elective operations.

Opportunities: Rising Acceptance of Tissue Fillers with Increasing Dermal Filler Surgeries

Consumers increasingly expect quick, effective results with little downtime. It is well known that in a society driven by beauty and youth, surgical and non-surgical cosmetic procedures are not just being used by rich and famous but are being used by people in their 20s, as opposed to their 60s or younger wanting to slow down the aging process. Moreover, this demonstrates how the media has indoctrinated people's ideals and expectations in today’s culture. Television is one of the most widely used media outlets, and what it presents has a significant impact on people's attitudes and behaviours. Because information is easily available, such as on the internet, also practitioners should anticipate that many patients will have done their research before seeking a consultation.

Additionally, due to its advantage, the growing demand for dermal fillers has significantly created a lucrative growth opportunity for the aesthetic fillers market. As dermal fillers may be referred to as injectable implants, soft tissue fillers, lip, and facial fillers, or wrinkle fillers, are FDA-approved medical device implants for use in the face, including the nasolabial folds, cheeks, chin, lips, and backs of the hands, to help create a smoother and fuller appearance. Due to the natural adsorption of some dermal fillers, patients may need to repeat the operation after a period to retain the desired result.

Scope of the Global Aesthetic Fillers Market

The study categorizes the aesthetic fillers market based on type, and application at the regional and global levels.

By Type Outlook (Sales, USD Million, 2019-2033)

• Dermal Fillers
  • Calcium Hydroxyapatite
  • Collagen
  • Polymethyl-methacrylate Microspheres (PMMA)
  • Hyaluronic Acid
  • Fat Injection
  • Polylactic Acid
  • Others
• Wrinkle Relaxers

By Application Outlook (Sales, USD Million, 2019-2033)

• Lip Augmentation
• Acne Scars Removal
• Wrinkle Removal
• Rhinoplasty
• Others

By Region Outlook (Sales, USD Million, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Dermal Filler segment accounts for the largest market share by type

Based on the type, the market is divided into dermal fillers and wrinkle relaxers. The dermal filler segment in further sub-divided into calcium hydroxyapatite, collagen, polymethyl-methacrylate microspheres (PMMA), hyaluronic acid, fat injection, polylactic acid, and others. The dermal filler segment is expected to dominate the market share in 2022 in the global aesthetic fillers market. The dermal filler segment currently dominates the market share in the aesthetic fillers market. Dermal fillers consist of monopoly-saccharide, a present polysaccharide that's present in skin and cartilage, which prevents immune response and associated allergies/rashes. In addition, continuous support from the government for research and development initiatives is further fueling the aesthetic fillers market value. Among dermal filler sub-segments, hyaluronic acid accounts for the major share in the global aesthetic filler market across the globe during the forecasting period.

North America is expected to witness the largest market share by Region

Based on the regions, the global aesthetic fillers market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America is projected to account for the highest market share in 2022. The growth of the regional market can be attributed to the growing demand for cosmetic products and the increasing need for minimally invasive facial procedures. Besides, the growing clinical trials to innovate skin beauty products are likely to further fuel the regional market. Among all countries of the region, the US is predicted to make a significant contribution in developing the market in the region.

Competitive Landscape: Global Aesthetic Fillers Market

The aesthetic fillers market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global aesthetic fillers market are:

• Merz Pharma
• Galderma
• Sanofi
• Anika Therapeutics, Inc.
• Fidia Farmaceutici S.p.A.
• Johnson & Johnson Services, Inc.
• Integra LifeSciences Corporation
• SciVision Biotech Inc.
• BIOXIS Pharmaceuticals
• LG Chem
• BIOPLUS CO., LTD.
• Zimmer Biomet
• SCULPT Luxury Dermal Fillers LTD
• TEOXANE Laboratories

Recent Development

• In November 2021, Galderma inked an agreement to acquire ALASTIN Skincare, Inc., a specialty aesthetics company dedicated to developing innovative and clinically tested physician-dispensed skincare products. This acquisition will enhance the company's aesthetic product line and customer base.
• In September 2021, Galderma and Sofregen Medical entered into a co-development and option-to-acquire agreement for Sofregen's Silk Voice, as well as assets associated with its aesthetic business. This option gives Galderma complete ownership of the co-developed products as well as Sofregen's silk technology platform in the aesthetic and dermatological fields.
• In June 2020, The US Food and Drug Administration authorized Restylane Kysse for lip augmentation and the repair of upper perioral rhytids (wrinkles around the top lips) in people over the age of 21. Restylane Kysse is the first hyaluronic acid (HA) filler with XpresHAn Technology to be approved for use on the lips.
• In January 2020, the company inked an exclusive U.S. distribution agreement with Revance Therapeutics, Inc. making Revance the exclusive commercialization partner of the Swiss company’s modern and innovative Resilient Hyaluronic Acid (RHA) preserved network technology.
• In December 2020, the company has completed the acquisition of A&E Medical Corporation and its complete portfolio of sternal closure devices – including sternal sutures, cable systems, and rigid fixation along with a range of single-use complementary temporary pacing wire and surgical punch products. This will enhance the company’s product portfolios and customer portfolios.

Key Issues Addressed

• What is the market size by various segmentation of the aesthetic fillers by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the aesthetic fillers market?
• What are the key opportunities and trends for manufacturers involved in the aesthetic fillers supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of aesthetic fillers in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.