Market Trends of France Aesthetic Medicine Industry
This section covers the major market trends shaping the France Aesthetic Medicine Market according to our research experts:
Dermal Filler is Expected to Have a Significant Share in the Market Over the Forecast Period
- Dermal fillers are medical device implants used to help create a smoother and/or fuller appearance in the face, including nasolabial folds (the lines extending from the sides of the nose to the edges of the mouth), cheeks, chin, lips, and back of the hands. They are also referred to as injectable implants, soft tissue fillers, lipand facial fillers, and wrinkle fillers.
- Hence, owing to their diverse use in the aesthetics industry, dermal fillers are expected to have a significant share in the French aesthetic medicine market during the forecast period. Numerous surgical and non-surgical reconstructive methods are available to improve oral function, anatomical structures, and aesthetic results to appear more attractive. Dermal fillers are the most used non-surgical procedure to improve the aesthetics and anatomy of the face.
- For instance, according to an article published by Frontiers Media S.A., in August 2021, Hyaluronic acid (HA)-based dermal filler is one of the most used non-surgical regenerative and reconstructive techniques. Its non-immunogenic qualities, which come from its natural occurrence, give it an edge over alternative filler materials. They also play an important role in the aesthetics of the face. Thus, the advantage of dermal fillers over other treatment modalities is expected to drive segmental market growth..
- In addition, the technological advancements in the area and the launch of new products by the companies operating in the region are further expected to boost market growth. For instance, in March 2021, Joonghun Pharmaceutical launched its premium cross-linked hyaluronic acid dermal filler, Artgaon.
- Artgaon, with its certification of the CE mark, specifically targets the European aesthetic market. As per the company, Artgaon's unique cross-linking technology allows doctors to enjoy an injection force of a mere 7-8 newtons that is smooth and consistent. Despite this, Artgaon boasts high elastic (G prime) and cohesive properties inside the skin. Hence, the dermal fillers market is expected to have healthy growth over the forecast period.
Hospitals is Expected to Have a Significant Share in the Market Over the Forecast Period
- The operating unit of the hospital is considered one of the safest and most high-tech surgical units because of the advanced equipment available in the hospitals. The rise in plastic surgeries in France in hospitals and the increase in healthcare expenditure are expected to drive the market's growth.
- For instance, according to data from the Plastic Surgery Societies' Surveys (ISAPS) updated in 2021, the most popular cosmetic surgeries in France in 2020 were Breast Augmentation (53,938 treatments), Liposuction (38,671 procedures), Eyelid Surgery (37,870 procedures), Abdominoplasty (26,888 procedures), and Breast Reduction (21,380 procedures). Thus, the increasing number of plastic surgeries is most likely to drive aesthetic medicine in the country.
- Furthermore, according to the Organization for Economic Co-operation and Development (OECD), healthcare expenditure in France was around USD 304.28 billion in 2021 compared to USD 209.2 billion in 2020. Thus, the increasing healthcare expenditure will likely positively impact the market over the forecast period.