The growing disposable income, aging population, thriving medical tourism industry, rising skin problem prevalence, and increasing awareness about scar treatment are driving the Middle Eastern dermal fillers market. In 2017, it was valued at $34.3 million and is expected to progress at an 11.9% CAGR during the forecast period (2018–2023). Substances designed to be injected beneath the skin to add fullness and volume to tissues are known as dermal fillers. These are generally used to give a fuller appearance to the cheeks, nasolabial folds, and lips.
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The growing preference toward minimally invasive cosmetic procedures is the trend in the Middle Eastern dermal fillers market. Reduced scarring, less pain, and quicker recovery are resulting in an increasing number of people opting for these procedures. The International Society of Aesthetic Plastic Surgery mentioned that Saudi Arabia is one of the major regional countries considering the minimally invasive procedure volume. In 2015, it was 28th among the top 30 nations that witnessed high volumes of cosmetic procedures. Further, in 2013, 10,781 dermal filler procedures were performed in Iran.
This is the reason that among all the categories under the type segment of the market, including hydroxylapatite-based, hyaluronic acid-based, collagen-based, and synthetic polymer-based fillers, hyaluronic acid-based lip fillers dominated it during the historical period (2013–2017). These fillers hydrate and raise the skin volume by attracting water molecules. Even during the forecast period, this category is predicted to advance with the highest CAGR to maintain its lead.
The rising disposable income is further driving the Middle Eastern dermal fillers market. This has made expensive cosmetic treatments, such as face lift, lip rejuvenation, and wrinkle treatment, more affordable. The gross national income (GNI) per capita of the Middle East and North Africa grew to $18,847 in 2015 from $16,905 in 2011, as reported by the World Bank. The spending power of the Middle Eastern population has increased due to a significant rise in the per capita income of the regional countries.
Coming back to the segments, based on application, the categories are lip treatment, facial line correction, and face-lift. During the forecast period, the face-lift category is slated to witness the fastest growth, ascribed to the fact that it is the most effective treatment for the removal of facial wrinkles and skin folds compared to other procedures. This is why this category is also predicted to lead the market in 2023.
Therefore, the market for dermal fillers is projected to advance in the Middle Eastern region during the forecast period.
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