Research Nester has released a report titled “South America Hyaluronic Acid-based Dermal Fillers Market: Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The United Nations, in one of its statistics, stated that in Latin America, the number of persons aged 54 years or older, recorded in the year 2019 was 56.4 Million, and is further estimated to touch 144.6 Million by 2050.
The statistics portray the growing geriatric population in South America and therefore the concern for the increasing number of diseases amongst the individuals. One another major concern that has been observed in the recent era amongst the aging individuals is to look young and beautiful despite of their growing age. As aging leads to the deformation of the facial skin, hence there is a growing need amongst the individuals for skin tightening therapies, which is anticipated to drive the demand for hyaluronic acid-based dermal fillers, and in turn drive the market growth.
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Dermal filler treatment is mostly prescribed to patients who undergo skin tightening therapies for the first time. After undergoing such a treatment, the patient feels more confident morally. These treatments are also known to last for a long period and also do not possess any risks, unlike other treatment procedures. The South America hyaluronic acid-based dermal fillers market is estimated to grow with a CAGR of 11.8% during the forecast period, i.e., 2020-2028. The market is further projected to attain a market revenue of USD 1028419 Thousand by the end of 2028 from USD 321008.2 Thousand in 2017.
The South America hyaluronic acid-based dermal fillers market is segmented by application into scar treatment, wrinkles treatment, lip augmentation, cheek augmentation, chin augmentation, restoration of volume, and rhinoplasty. The lip augmentation segment is projected to hold the largest market share throughout the forecast period and further gain a market revenue of USD 213871.8 Thousand by the end of 2028, backed by the increasing number of lip augmentation procedures amongst individuals in the region.
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The South America hyaluronic acid-based dermal fillers market is segmented by country into Brazil, Mexico, Argentina, Colombia, Chile, Peru, and Rest of South America. The market in Brazil is anticipated to attain a market revenue of USD 404,168.7 Thousand and further hold the largest market share of 39.30% by the end of 2028. The growth of the market can be attributed to the increasing demand for various skin tightening procedures, backed by the rising geriatric population in the country. The country witnessed growth in the geriatric population from 9,175,089 numbers in 2000 to 19,525,475 numbers in 2019.
However, the concern for the high cost of the therapy is expected to hamper the market growth during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the South America hyaluronic acid-based dermal fillers market, which includes company profiling of Merz Pharma, HUGEL, Inc., TEOXANE SA, Allergan, Galderma, LG Chem, Sinclair Pharma, Medytox, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “South America Hyaluronic Acid-based Dermal Fillers Market: Demand Analysis & Opportunity Outlook 2028”, analyses the overall South America hyaluronic acid-based dermal fillers industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the South America hyaluronic acid-based dermal fillers market in the near future.
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