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The Romania hyaluronic acid based dermal fillers market size was valued at USD 3.12 million in 2021. The market is projected to grow from USD 3.89 million in 2022 to USD 8.88 million by 2029, exhibiting a CAGR of 12.5% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with hyaluronic acid based dermal fillers experiencing lower-than-anticipated demand across the country compared to pre-pandemic levels. Based on our analysis, the Romania hyaluronic acid based dermal fillers market exhibited a decline of -12.7% in 2020 as compared to 2019.
Dermal filler injections are a type of nonsurgical cosmetic procedure. It corrects wrinkles, smooth lines, and restores volume to the face. There are several types of these fillers available in the market. Hyaluronic acid is present in the body, with the highest concentrations in the joints, eyes, and skin. In the skin, hyaluronic acid attracts water, which allows the skin to become more hydrated. Hyaluronic acid based fillers are injectable with hyaluronic acid (HA) as an active ingredient. These fillers increase skin resilience, tighten skin, and are non-invasive in nature. Increasing awareness about these products among the population for wrinkle removal and lip augmentation has been fueling the market’s growth rate in the country.
The Romania hyaluronic acid based dermal fillers market growth is credited to the rising population of age 40 and above in the country and increasing awareness about the advantages associated with the use of hyaluronic acid based dermal fillers.
Low Volume of Hyaluronic Acid Based Dermal Fillers Procedures Impacted the Market Negatively
There was a significant effect of COVID-19 pandemic on the Romania market of hyaluronic acid based dermal fillers. This was due to lockdown restrictions and postponement of non-emergency procedures. Aesthetic procedures were halted up to a huge extent in 2020 in the country in order to minimize person-to-person contact. Moreover, hospital and medical resources were used to help people who were exposed to COVID-19. Based on revenue, the Romania HA-based fillers market observed a decline in its growth by -12.7% in 2020 compared to the prior year.
Moreover, the market players also experienced a decline in the sales of their products due to their low demand during the pandemic. This resulted in lowering in the revenues generated from the company’s product portfolio.
However, in 2021, the treatment procedures with these fillers bounced back due to increasing vaccination among the population, implementation of strong COVID-19 guidelines, and dismissal of restrictions. This increased the demand for these fillers in the country.
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Growing Trend for Skin Fillers Amongst Young Populace to Fuel the Market Growth
In recent years, concerns about keeping good looks criteria among the young generation have contributed significantly to the hyaluronic acid based dermal fillers market growth in the past few years. To stop aging by correcting wrinkles or even out the skin texture, lip augmentation, and other cosmetic procedures, individuals aged 20-29 mostly opt for these products for instant gratifications to enhance their physical appearance.
There are various advantages to the use of hyaluronic acid based fillers, including less side effects as compared to other products available in the market for the same use and long-lasting results of these HA-based fillers that last over botulinum toxin. This has enhanced the demand for these products in the country.
In order to fulfill the high demand for new and advanced products, players in the market have increased their emphasis on the development and commercialization of new products.
Such introduction of products is anticipated to surge the demand for hyaluronic based dermal fillers across the country.
No Side Effects Compared to Other Products Available in the Market to Increase Market Development
The rising population of Romania aged 25-54 has increased the need for HA-based fillers in the country. It has been observed that people aged between 40-54 mostly go for these procedures. Therefore, the increasing population in Romania aged between 25-54 has increased the demand for these products in the country.
Moreover, HA-based dermal fillers give maximum results with minimal or no side effects as compared to other products available in the market. This has increased the adoption of such products in the country and is projected to fuel market growth in the coming years.
HA-based dermal fillers have moisturizing and viscoelastic capabilities. Such factors associated with HA-based fillers contribute to their higher recommendation over other dermal fillers. Furthermore, the preference of individuals toward minimally invasive aesthetic procedures has increased the demand for HA-based dermal fillers.
Additionally, the increasing accessibility of skin filler processes being conducted in hospitals, dermatology centers, and specialty clinics is anticipated to boost the demand for HA-based dermal fillers in Romania.
Increasing Demand for the Product and Launch of New Products to Drive the Market
Hyaluronic acid based dermal fillers have the ability to stimulate, volumize, and hydrate new collagen production, and smoothen fine wrinkles on the face. They are used to treat wrinkles, acne, lip augmentation, scars, chin, and cheek. Therefore, it has led to a better awareness in patients regarding dermal filler-based processes.
Some of the factors which have amplified the implementation in the market are repair discoloration, skin cell rejuvenation, and skin resilience, which are the common problems associated with hyaluronic acid fillers. Furthermore, compared to other procedures which are non-surgical, the increase in HA-based dermal filling procedures is likely to boost market development during the estimated period.
Furthermore, another reason that has revolutionized the fillers industry is getting the approval of many new hyaluronic acid dermal fillers, which has improved aging problems. The hyaluronic acid dermal fillers technique is the most performed skin-care system across the country, according to a number of surveys.
Such increasing procedures and approvals of hyaluronic acid dermal fillers are expected to contribute to the HA-based product market growth.
Requirement for Regular Retreatment Procedures to Restrict the Market Growth
There are certain limitations associated with these products that can restrict the market growth, despite numerous applications of HA-based dermal fillers in the cosmetic industry.
These fillers specifically treat certain wrinkles such as frown lines, dynamic wrinkles, glabellar lines, and crow’s feet. Moreover, these products require regular retreatment procedures as they are not permanent. In addition, some other factors leading the nonsurgical cosmetic procedure in the country are patient satisfaction, botulinum toxin type A dermal filler, use in dynamic wrinkles, and high efficacy rate.
Additionally, other biodegradable fillers, including Poly-L-lactic acid and Calcium hydroxylapatite (CaHA) are getting popular as substitute fillers due to their certain advantages over HA based filler products. These benefits have raised the need for other fillers as compared to hyaluronic acid based dermal fillers.
Additionally, there are certain side effects associated with the use of HA-based filler products as well. The possible adverse effects include pain, swelling at the injection site, redness, bruising, infections, lumps & bumps.
Such side effects associated with the use of such products and increasing availability of its alternative products are expected to restrict its market growth in the country during the study timeframe.
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Advancements in Hyaluronic Acid Based Dermal Filling Technologies to Boost the Wrinkle Correction Segment’s Growth
Based on application, the market is segregated into wrinkle correction treatment, restoration of volume/ fullness, lip enhancement, scar treatment, and others. The wrinkle correction treatment segment generated the highest revenue in 2021 and is expected to grow at a maximum CAGR during the study timeframe. With increasing spending on cosmetic surgeries, the advancements in these filling tools for the treatment of wrinkles is at peak which has surged the product demand.
The lip enhancement segment is anticipated to maintain its leadership due to increase in the introduction of HA-based fillers for specific lip improvement techniques, and owing to the growing demand for aesthetic improvements for the lips.
Moreover, restoration of volume/fullness is estimated to grow at a moderate pace. The increase in the aesthetic consciousness amongst men & women and the desire to look good is likely to promote the segment’s growth during the forecast period.
Increasing Presence of Dermatology and Specialty Clinics Conducting Advanced and Efficient Procedures to Boost the Segment’s Growth
On the basis of end-user, the market is categorized into hospitals & clinics, specialty & dermatology clinics, and others.
The specialty & dermatology clinics segment accounted for a significant part in the Romania hyaluronic acid based dermal fillers market share in 2021. Factors such as the presence of substantial dermatology clinics conducting these procedures and the growing existence of aesthetics concerns such as acne, scar, and wrinkles are projected to stimulate the segment’s growth.
The hospitals & clinics segment is estimated to grow at a significant CAGR over the forecast period. The increasing number of plastic surgeons in the country has been fueling the number of these procedures being conducted in the country.
Companies with Strong Product Portfolios and Emphasis on the Expansion of their Product Offerings to Hold Key Market Share
Allergan Aesthetics, Merz Pharma, and Galderma are among the major players in the market.
Allergan Aesthetics was acquired by Abbvie Inc. in 2020. The company has a strong product portfolio for fillers, especially hyaluronic acid fillers (Juvederm). The firm focuses on introducing novel products and regulatory approvals with an aim to diversify its product portfolio.
Similarly, Merz Pharma emphasizes the research and development of advanced products as the company invests more than USD 100.0 million in R&D each year.
Other key players in the market include BIOXIS Pharmaceuticals, Sinclair Pharma, and Teoxane. The increased emphasis of these players on the introduction of products in the market is expected to strengthen their shares in the market.
An Infographic Representation of Romania Hyaluronic Acid Based Dermal Fillers Market
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The research report provides a detailed competitive landscape. It includes the number HA-based dermal filler procedures being conducted in the country and key industry trends and key developments such as partnerships, mergers, and acquisitions. Additionally, it focuses on key points such as new product launches in the market. Furthermore, the report covers a regional analysis of different segments, company profiles of key market players, market trends, and the impact of COVID-19 on the market. The report consists of quantitative and qualitative insights that contribute to the market's growth.
ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD Million) |
Segmentation | By Application and End-user |
By Application |
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By End-user
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Fortune Business Insights says that the Romania market stood at USD 3.12 million in 2021 and is projected to reach USD 8.88 million by 2029.
The market is expected to exhibit a CAGR of 12.5% during the forecast period (2022-2029).
The wrinkle correction treatment segment is set to lead the market by application.
The increasing demand for minimally invasive non-surgical facial treatments and rising demand for hyaluronic acid based dermal fillers are the key factors driving the market growth.
Allergan Aesthetics, Galderma, and Merz Pharma are the top players in the market.
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