Dublin, September 14, 2021 (GLOBE NEWSWIRE) – ResearchAndMarkets.com has added the “South American hydraulic acid (HA) based dermal filler market outlook 2028″ report to the products.
During the forecast period, from 2020 to 2028, the South American hyaluronic acid dermal filler market is expected to grow at a compound annual growth rate of 11.8%.
It is expected that during the forecast period, factors such as the growing elderly population in South America and the growing demand for various skin tightening therapies among these populations will drive market growth. People aged 40 and older prefer dermal filler therapy because at this age, the body produces less collagen and elastin. These chemicals help keep the skin firm.
In addition, factors such as the growing demand for minimally invasive and non-invasive skin tightening surgery are also expected to promote market growth. The market’s market revenue in 2017 was close to 321 million U.S. dollars and is expected to reach approximately 1.020 million U.S. dollars by the end of 2028.
The South American hyaluronic acid-based dermal filler market is segmented by multiple market segments, including product types, ingredients, applications, distribution channels, end users, and countries. Application areas are further divided into scar treatment, wrinkle treatment, lip augmentation, cheek augmentation, chin augmentation, plumping and rhinoplasty.
Among these market segments, the lip augmentation market segment is expected to occupy the largest market share throughout the forecast period and will receive approximately US$213 million in market revenue by the end of 2028.
The rise in personal preference for lip augmentation surgery is one of the main factors that are expected to drive the growth of this segment during the forecast period.
Some of the major players in the South American hyaluronic acid-based dermal filler market mentioned in our report are Merz Pharma, HUGEL, Inc., TEOXANE SA, Allergan, Galderma, LG Chem, Sinclair Pharma, Medytox, etc.
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Post time: Sep-18-2021