Latin America Hyaluronic Acid Based Dermal Fillers Market Size & Outlook
Latin America hyaluronic acid based dermal fillers market, 2018-2030 (US$M)
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Latin America hyaluronic acid based dermal fillers market highlights
- The Latin America hyaluronic acid based dermal fillers market generated a revenue of USD 319.8 million in 2023.
- The market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, single-phase product was the largest revenue generating product in 2023.
- Single-Phase Product is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 319.8 million |
| Market revenue in 2030 | USD 582.3 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Single-phase product |
| Fastest growing segment | Single-Phase Product |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single-Phase Product, Duplex Products |
| Key market players worldwide | Allergan, Merz Pharma, Anika Therapeutics Inc, LG Chem, Sinclair Pharma plc, Laboratoires Vivacy, Genzyme, Bio-Plus, Bioxis Pharmaceuticals |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.8% of the global hyaluronic acid based dermal fillers market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,202.7 million by 2030.
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Hyaluronic Acid Based Dermal Fillers Market Scope
Hyaluronic Acid Based Dermal Fillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America hyaluronic acid based dermal fillers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hyaluronic acid based dermal fillers market will help companies and investors design strategic landscapes.
Single-phase product was the largest segment with a revenue share of 54.94% in 2023. Horizon Databook has segmented the Latin America hyaluronic acid based dermal fillers market based on single-phase product, duplex products covering the revenue growth of each sub-segment from 2018 to 2030.
A significant growth in medical tourism is expected to accelerate the development of the cosmetic industry. Latin American countries majorly contributing to the revenue generation include Brazil, Argentina, Colombia, Chile, and Mexico.
The presence of untapped opportunities in developing countries, such as Mexico & Brazil, is expected to propel the growth of the hyaluronic acid-based dermal fillers market in the region during the forecast period.
Latin American countries are preferred for medical tourism due to the availability of treatments at lower cost (30% to 70% discount) as compared to North American & European countries. In addition, a stronger emphasis on physical beauty coupled with extensive acceptance of facial surgeries has led to the high demand for hyaluronic acid-based dermal fillers in Brazil.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America hyaluronic acid based dermal fillers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America hyaluronic acid based dermal fillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America hyaluronic acid based dermal fillers market size, by country, 2018-2030 (US$M)
Latin America Hyaluronic Acid Based Dermal Fillers Market Outlook Share, 2023 & 2030 (US$M)
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