The global dermal fillers market size is expected to gain momentum by reaching US$ 8.74 billion by 2029 while exhibiting an impressive CAGR of 7.4 per cent between 2022 and 2029. In its report titled “Dermal Fillers Market, 2022-2029,” Fortune Business Insights mentions that the market stood at US$ 5.31 billion in 2022.
Popularity of cosmetic fillers in recent years is expected to drive market growth. The increasing investment in the R&D sector of the medical cosmetics industry is expected to promote the dermal fillers market. Furthermore, the rising trend and popularity of fillers treatment over the years has increased dramatically. For instance, in a report by the International Society of Aesthetic Plastic Surgery (ISAPS) in 2019, an estimated 4,315,859 procedures involving hyaluronic acid fillers were conducted worldwide 2019.This number was increased by 15.7 per cent over the previous year of 2018. Such a dramatic increase in these procedures is anticipated to propel market growth.
North America is expected to remain at the forefront and hold the highest position market during the forecast period owing to the high disposable income of people in the region. Asia Pacific is expected to showcase a significant managed services market share.