Aesthetic Fillers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Aesthetic Fillers Market Analysis

The Global Aesthetic Fillers Market size is estimated at USD 3.48 billion in 2024, and is expected to reach USD 4.77 billion by 2029, growing at a CAGR of 6.5% during the forecast period (2024-2029).

The COVID-19 outbreak resulted in decreased public mobility and impacted the therapeutic and surgical industry significantly, as the surgical procedures and screening programs are non-immediate and are postponed decreasing the burden on healthcare infrastructure. Thus, the rising COVID-19 cases are expected to have a short-term impact on surgical rates of cosmetic procedures. The short-term effects on the surgical segment are less prominent. However, the adverse impacts of COVID-19 on the global economy may have significant indirect effects on the surgical segment of the market. According to a research article titled 'Plastic Surgery Cost in India' published in October 2021, many people opt for cosmetic or plastic surgery to improve their looks or fix physical deformities. Since plastic surgery is typically considered an aesthetic procedure, it involves high costs. Cosmetic surgeons and plastic surgeons in India may charge anywhere between INR 10,000 to INR 200,000 per sitting. The cost also multiplies based on material costs, surgeon fees, room costs, follow-up appointment costs, etc. The current pandemic may result in an approximately 20% decrease in collected fees, which is expected to show a negative impact on the market studied.

The growth of the aesthetic fillers market can be attributed to the increasing trend of using anti-aging treatments and the demand for a much younger lifestyle. Globally, there has been a rising trend of aesthetic procedures. This is majorly attributed to the increasing focus of people on appearance and advancements done in the procedures, which provides better outcomes. For instance, countries, such as Germany, Italy, and Spain, are witnessing a rise in the number of aesthetic procedures performed. Additionally, there is a significant number of plastic surgeries and different aesthetic procedures are expected to drive the market. For instance, according to Aesthetic Plastic Surgery National Databank Statistics for 2020-2021, overall aesthetic body procedures such as abdominoplasty, buttock augmentation, and liposuction increased by 63% since 2020. However, Breast procedures such as breast augmentation, augmentation/ breast lift, and breast lift/reductions were up 48%.

The increasing trend of using anti-aging treatments and the rising acceptance of tissue fillers with increasing dermal filler surgeries is giving rise to a number of market development activities. For instance, in August 2022, Allergan Aesthetics, an AbbVie company announced the United States Food and Drug Administration (FDA) approval of JUVÉDERM VOLUX XC for the improvement of jawline definition in adults over the age of 21 with moderate to a severe loss of jawline definition. Similarly, in January 2022, the US Food and Drug Administration (FDA) announced the approval of RHA Redensity. Produced by Swiss hyaluronic acid product manufacturing company Teoxane, RHA Redensity is a gel implant or dermal filler that is injected in specific areas of facial tissue to reduce the appearance of lines and wrinkles. Due to its rapid growth rate, many new companies are getting attracted to this market. Hospitals working on the introduction and implementation of new surgeries are leading the growth of the market studied. Consequently, the demand for the ever-expanding range of dermal fillers and the number of operations performed has boosted the growth of the market studied. However, the side effects associated with dermal fillers and other factors are hindering the growth of the market studied.

However, side effects associated with dermal fillers and the negative effects of unregistered practitioners are expected to impede the growth of the global market in the forecast period.

Aesthetic Fillers Market Trends

This section covers the major market trends shaping the Aesthetic Fillers Market according to our research experts:

Hyaluronic Acid Segment Holds the Significant Market Share Over the Forecast Period

Aesthetic Fillers Industry Segmentation

The scope of this report comprises the products currently available in the market studied. These fillers are used for anti-aging factors and are also helpful in several areas of treatment, including acne scars, enhancement of the dorsal area of the hand, and increasing the volume of facial areas. The scope of this report is limited to injectables used in the above-mentioned procedures. The Aesthetic Fillers Market is segmented by Product Type (Absorbable and Non-absorbable), Material Type (Polymers and Particles, Collagen, and Hyaluronic Acid), Application (Facial Line Correction, Face Lift, Lip Treatment, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.