PUBLISHER: Grand View Research | PRODUCT CODE: 1268781
PUBLISHER: Grand View Research | PRODUCT CODE: 1268781
The global hyaluronic acid-based dermal fillers market size is estimated to reach USD 8.59 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2023 to 2030. Increasing demand for minimally invasive procedures, growing geriatric population, increasing awareness & concern for younger skin and advancement in technology are some of the key factors driving the market.
The global geriatric population is on the rise. Estimates published by the WHO suggest that the global population of the age group 65 years and above is anticipated to rise from 7% in 2000 to 16% in 2050. An associated consequence of this increase in the geriatric population is increase in incidence of obesity, skin aging, and osteoarthritis. Along with growing preference for minimally invasive surgeries, global increase in the target population is expected to significantly propel demand for hyaluronic acid products throughout the forecast period.
However, the higher cost of HA based fillers market is restraining the market opportunities. The HA-based dermal fillers are available in syringes of 1ml costing USD 600-1000 per syringe. Most of the times a dosage of minimum 2 syringes is required, taking the cost of treatment to USD 1600-2000 which is quite high. The high cost of products makes it difficult for the population of low- medium-income countries.
Chapter 5Hyaluronic Acid-based Dermal Fillers Market Market: Application Analysis