Collagen Filler Market

Collagen Filler Market Size (2023 to 2028)

The worldwide collagen filler market was valued at USD 522.82 million in 2023 and is anticipated to reach nearly USD 746.17 million by 2028, with a rise in CAGR of 7.37% from 2023 to 2028 

Market Drivers:

The increasing launches of new products in collagen fillers is the major key driver propelling the growth of the market during the projected period. For instance, Relevance Aesthetics, a U.S.-based aesthetics company, produced Daxxify, which the U.S. Food and Drug Administration authorized in September 2022. It's a brand-new medication that could diminish face wrinkles for around six months and serve as a Botox substitute.

The increasing launches of new advanced technologies is the second key driver boosting the growth of the market during the forecast period. For instance, an innovative method for creating collagen-based dermal fillers was created on May 23, 2022, according to an article published by Journal Gels. The crosslinking agents used in this HACL-CTL technology are used in the smallest amounts possible because they are toxic and connected to several negative side effects. Utilizing 1, 4-butanediol glycidyl ether and lactose-modified chitosan, new collagen-based fillers were developed.

Rising consumer demand for anti-aging and aesthetic treatment is the third factor favoring the market growth during the projected period. Consumer demand for multiple cosmetic and beauty procedures has been rising. People are becoming more and more concerned with maintaining their youth and enhancing their overall look. This trend is being driven by societal factors, a greater understanding of the available therapies, and a desire to boost self-esteem and confidence. A wide range of interventions targeted at minimizing the noticeable symptoms of aging and improving one's look is included in anti-aging treatments and aesthetic operations. Dermal fillers of the type collagen fillers are frequently utilized in these procedures. To enhance volume, minimize wrinkles and fine lines, and give the skin a more youthful appearance, they are injected beneath the skin's surface.

Other factors fuelling the market growth include advancement and innovation in technology, a growing aging population, a rising number of cosmetic surgeries, new launches of products, and strategies like mergers and acquisitions.

Market Restraints:

Side effects associated with cosmetic procedures, such as skin irritation and uneven skin tone, are the major factors hampering the growth of the collagen filler market. Collagen filler processes and other cosmetic procedures may result in adverse effects. These side effects may vary in kind and intensity from minor issues to more serious ones. Skin irritation, redness, swelling, bruising, and even allergic responses are some of the frequent side effects connected with cosmetic activities, such as collagen fillers. Another issue is the potential for cosmetic operations to result in an uneven skin tone. This could happen as a result of ineffective injection procedures, migration of the filler material, or the selection of the wrong filler type. The purpose of achieving cosmetic enhancements can be hindered by an unnatural appearance caused by an uneven distribution of the filler material. The availability of the alternative method further hinders market growth.

Impact of Covid-19 on the Collagen filler Market:

The collagen filler market has been negatively impacted by the global pandemic crisis due to strict isolation and lockdown. This resulted in decreased production and demand for collagen-based filler products throughout the outbreak. For instance, according to Allergen Aesthetics, a pharmaceutical business with headquarters in the United States, the global revenue of Juvederm, a medicine they produced, was down 40.8% in 2020 compared to 2019. Before the pandemic in 2019, revenue was around US$ 1,543.7 million, but it was just US$ 734 million in 2020. Many aesthetic clinics were temporarily closed due to strict restrictions, which led to a decline in the number of procedures performed, including collagen filler injections. The pandemic led to changes in beauty and aesthetic preference; some individuals might have become more accepting of natural appearances and less inclined towards invasive procedures like collagen filler.

Report coverage:

This research report on the Collagen Filler Market has been segmented and sub-segmented based on the product type, source, application, end-user and region.

Collagen Filler Market- Based on Product Type

• Collagen with PMMA
• Collagen without PMMA

Based on the product type, the collagen with PMMA segment is predicted to hold the major share of the market during the forecast period. The assurance to deliver results that remain longer than those of certain other fillers is one of the main market drives for collagen with PMMA fillers. PMMA microspheres are used to assist in maintaining the structure while encouraging the formation of collagen over time. When compared to conventional collagen fillers, this may provide benefits that stay longer. When injected into the skin, PMMA microspheres are well-known for their capacity to produce a volumizing impact. As a result, areas with severe volume loss, like sunken cheeks or irregularities in the facial contour, can be treated with collagen with PMMA filler. 

The collagen without PMMA segment is also anticipated to hold a notable share of the market during the forecast period. 

Collagen Filler Market- Based on Source 

• Bovine
• Porcine
• Others

Based on the source, the bovine segment is projected to hold a significant share of the market during the forecast period. Bovine collagen is compatible with human skin because it exhibits structural similarities with human collagen. When used for cosmetic operations, this similarity can produce effects that are both long-lasting and natural-looking because the collagen works well with the patient's tissues. Various aesthetic and medicinal procedures can benefit from the use of bovine collagen fillers. They are frequently used to treat facial volume loss, wrinkles, and fine lines. Bovine collagen's market potential is increased by its ability to it can be applied in reconstructive procedures, wound healing, and tissue development.

The porcine segment is also expected to grow at a healthy CAGR during the projected period. Porcine collagen fillers frequently have been known for being strong and long-lasting. These fillers can produce long-lasting results, lowering the need for regular touch-up procedures and attracting customers who favor more durable treatments. Porcine collagen fillers can be applied both medically and cosmetically. They are frequently employed to treat scars, volume loss in the face, wrinkles, and fine lines. Porcine collagen has also been applied to tissue engineering, wound healing, and other reconstructive procedures; hence, this segment propelled the market growth during the forecast period. 

Collagen Filler Market- Based on Application 

• Face Rejuvenation
• Wrinkles
• Scar Treatment
• Lip Treatment
• Cellulite Reduction
• Others

Based on the application, the face rejuvenation segment is expected to dominate the market during the forecast period. A youthful appearance is frequently linked to attractiveness and vitality. Collagen fillers are among the aesthetic procedures that many people choose to keep their youthful appearance and increase their confidence. The face rejuvenation market is mostly driven by the desire to feel and appear younger. A non-surgical option for face rejuvenation is collagen fillers. People who desire to improve their appearance without intrusive surgery will find this appealing. Numerous people choose non-surgical therapies due to their convenience and shorter recovery times. Hence, this segment propels the market growth during the projected period.

The wrinkles segment is also projected to hold a considerable share of the market during the forecast period. As the world's population ages, wrinkles and fine lines are more common because they are a normal part of the aging process. A considerable and ongoing demand for cosmetic procedures that may effectively reduce the appearance of wrinkles is generated by this demographic trend. A universal aesthetic aim is for skin to appear smooth and young. To keep or restore a more youthful appearance and increase their self-confidence, many people choose wrinkle reduction procedures.

Collagen filler Market- Based on End-user 

• Hospital
• Dermatology Clinics
• Others

Based on the end-user, the dermatology clinic segment is anticipated to hold the major share of the market during the forecast period. Dermatology clinics provide a wide range of services, including numerous cosmetic procedures, medical dermatology, skin rejuvenation, and skin care products. A wide range of patients seeking various treatments for their skin problems are attracted to this variety of services. Dermatologists can design individualized therapies that are based on the particular requirements and objectives of each patient. This strategy makes sure that collagen filler treatments are customized to the unique problems and characteristics of the person.

The hospital segment is also expected to hold a substantial share of the market during the forecast period. Hospitals have access to a variety of diagnostic resources and techniques, which enables medical staff to precisely assess patients' needs and choose the most effective collagen filler treatment strategy. Collaboration between different medical disciplines is frequently encouraged in hospitals. Patients seeking full facial rejuvenation and aesthetic treatments using collagen fillers and other techniques may find this interdisciplinary approach to be beneficial.

Collagen Filler Market- Based on Region

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East and Africa

Based on the geography, the North American region is expected to dominate the market during the forecast period. A significant portion of the population in North America can afford cosmetic activities like collagen fillers due to the region's relatively high standard of living and disposable income. Demand for cosmetic procedures is influenced by the availability of financial resources.

 In North America, social norms frequently place a premium on youthful looking. The strong demand for cosmetic operations, such as collagen fillers, is a result of this societal emphasis on keeping a youthful appearance. With established medical facilities, knowledgeable doctors, and cutting-edge technologies, North America has a highly developed healthcare infrastructure. As a result, new cosmetic procedures like collagen fillers are developed and used more frequently.

Europe region is also expected to show lucrative growth in the market during the forecast period. The understanding of aesthetics, beauty, and fashion has a long history throughout Europe. The emphasis placed on beauty in our society fuels a high demand for cosmetic procedures like collagen fillers. Many European nations have relatively wealthy populations with additional resources to spend on cosmetic procedures. The demand for collagen fillers is driven by people's ability to afford such procedures. Popular locations for cosmetic procedures and medical tourism include some European nations. The need for collagen fillers is increased by patients from various regions traveling to Europe to acquire high-quality and frequently affordable procedures.

APAC region is expected to grow at the fastest CAGR during the projected period. The economies of several APAC nations are increasing quickly, which has resulted in a growing middle class with more disposable income. This group of people can afford cosmetic procedures like collagen fillers since they have financial resources. Beauty and aesthetics are highly valued in many APAC cultures. As people want to improve their appearance, this cultural value promotes demand for cosmetic procedures, including collagen fillers.

Latin America, the Middle East, and Africa are also expected to grow at a healthy CAGR during the projected period. 

Key Market Players:

The prominent key players in the global collagen filler market are Allergan, Inc., Johnson & Johnson, Collplant Holdings Ltd., Ortho Dermatologics, Inc., Suneva Medical, Inc., Merz Pharma GmbH & Co. KGaA, Surgical Specialties Corporation, Sinclair Pharma, Inamed GmbH, and Endo International plc. 

Recent Development in the Market:

In November 2022, Positive six-month interim findings from LifeSprout's major clinical trial of the collagen filler Lumina were released. LifeSprout is a U.S.-based company that specializes in regenerative medicine. Lumina successfully corrected moderate-to-severe nasolabial folds (NLF) while maintaining a high level of safety.

In March 2023, SciVision Biotech Inc., a firm that produces and distributes hyaluronic acid medical supplies, is conducting clinical trials to assess the safety and efficacy of a novel gel-type sodium hyaluronate for the treatment of aging mid-face.

In March 2021, A new administration procedure will be used for the Sculptra (injectable poly-L-lactic acid) relaunch in Europe, according to Galderma, a dermatology company with headquarters in Switzerland. After reconstitution, the medicine is more rapidly available for use and provides patients with higher levels of comfort.