HYALURONIC ACID BASED DERMAL FILLERS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Hyaluronic Acid Based Dermal Fillers Market Analysis:

The market for dermal fillers based on hyaluronic acid is anticipated to exhibit a compound annual growth rate (CAGR) of 8.2% during the forecast period of 2022–2027.

The advent of the COVID-19 pandemic has had an unfavorable impact on the global economy and healthcare system. The imposition of lockdowns worldwide has disrupted the supply chain of pharmaceuticals, medical devices, and biotechnological products. However, research and development have become a focal point. Government agencies and healthcare entities worldwide have intensified their efforts to support the development of diagnostic and treatment modalities for COVID-19. Consequently, the market was initially adversely affected by the pandemic. Nevertheless, in later stages of the pandemic, the market gained momentum due to some positive developments. For instance, according to data provided by the International Society of Plastic Surgery (ISAPS) in 2020, nonsurgical procedures, primarily fillers and hair removal treatments, continued to rise. Furthermore, the outbreak of COVID-19 has impacted the market for hyaluronic acid-based dermal fillers. Plastic surgeons have experienced a surge in requests for cosmetic procedures since the coronavirus lockdown, with individuals eager to appear presentable during Zoom calls. Therefore, the pandemic outbreak is expected to have a favorable impact on the market during the forecast period.

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