The US hyaluronic acid-based dermal fillers market is estimated to grow at a CAGR of nearly 7% during the forecast period. This market growth owing to the rising demand for cosmetic procedures coupled with high consciousness about facial rejuvenation and an increasing number of medical spas in the region. A significant rise in cosmetic procedures was witnessed over the years in the US and Canada. For instance, as per the American Society of Plastic Surgeons (ASPS), there were 17.7 million surgical and minimally invasive cosmetic procedures performed in the US in 2018. Of which minimally invasive cosmetic procedures have significantly increased by nearly 228% since 2000. The demand for minimally invasive cosmetic procedures has grown significantly as compared to surgical procedures in the US. For instance, the number of cosmetic surgical procedures performed was nearly 1.8 million in 2018; however, the number of cosmetic minimally invasive procedures performed was nearly 15.9 million in 2018.
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Key players operating in the US hyaluronic acid-based dermal fillers market include Allergan PLC, Galderma Laboratories, L.P., Merz Pharmaceuticals GmbH, Cynosure LLC, Prollenium Medical Technologies, Inc., and Teoxane SA.
The US hyaluronic acid-based dermal fillers market can be segmented based on application, type, and end-users. Based on the application, the market is classified into face-lift, lip treatment/enhancement, facial line correction treatment, and other applications. Based on type, the market is segmented into collagen fillers, poly-L-lactic acid, hyaluronic acid, calcium hydroxylapatite, and others. Based on end-user, the market is segmented into dermatology clinics and hospitals. Among types, the calcium hydroxylapatite is projected to exhibit a significant growth rate in the market due to technology advancement and new product development.
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These companies adopt various strategies such as partnership & collaborations, finding a new market or product innovations in their core competency in order to stay competitive in the market. For instance, in November 2018, Galderma Laboratories, L.P. received an FDA approval for ‘Restylane Lyft’, a hyaluronic acid dermal filler used for cheek augmentation and age-related face contour deficiencies.
US Hyaluronic Acid-Based Dermal Fillers Market Segmentation
US Hyaluronic Acid-Based Dermal Fillers Market by Application
· Lip Treatment/Enhancement
· Facial Line Correction Treatment
· Others (Acne Scar Treatment)
· Others (Autologous Fat Injections and Polymethylmethacrylate (PMMA))
US Hyaluronic Acid-Based Dermal Fillers Market by End-User
· Dermatology Clinics
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