How Will Lip Augmentation Procedures Fuel Middle Eastern Dermal Fillers Market Growth?

Growth drivers such as rising geriatric population, growing awareness regarding age-related skin problems, escalating disposable income, and thriving medical tourism industry will propel the Middle Eastern dermal fillers market at a CAGR of 11.9% during 2018–2023 (forecast period). According to P&S Intelligence, the market stood at $34.3 million in 2017 and it is projected to reach $67.7 million by 2023. Currently, the market is observing a trend of escalating demand for lip augmentation surgeries.

Access Report Summary - Middle East Dermal Fillers Market Growth Research Report

At present, the Middle Eastern dermal fillers market is witnessing an increase in demand for lip augmentation procedures, growth in product launches, and shift in preference toward minimally invasive cosmetic surgeries. For instance, hyaluronic acid-based lip filler, a biodegradable and clear substance, is used for lip augmentation. Ingredients of this filler are normally produced by human body. It has been noticed that people from across the world travel to Middle Eastern countries to get perfect lips, due to the presence of esteemed plastic surgeons and availability of cost-effective plastic surgeries in the region.

A boom in the geriatric population is another key factor that will facilitate the Middle Eastern dermal fillers market growth in the forecast period. Old age cause reduction in vascular and glandular tissues in different skin layers and is associated with loss of fibrous tissues. For the treatment of this disorder, elderly people need dermal fillers in large amount. According to the United Nations Department of Economic and Social Affairs (UNDESA), the total number of people aged 60 years and above in Saudi Arabia will reach 40 million by the end of 2050.

Geographically, Saudi Arabia led the Middle Eastern dermal fillers market in the historical period (2013–2017). This was due to the burgeoning demand for cosmetic procedures, booming ageing population, and increasing availability of professional practitioners for dermal filler procedures in the country. According to the UNDESA, people aged 60 years and above in Saudi Arabia will account for 25% of its total population by 2050. On the other hand, the U.A.E. market is expected to register the fastest growth in the forecast period, due to the surging number of plastic and cosmetic surgeries in the country.

With the escalating number of lip augmentation surgeries and the booming population of the elderly, the market will register substantial growth in the coming years.

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