Middle Eastern Dermal Fillers Market Predicted to Exhibit 11.9% CAGR during 2018—2023

The soaring geriatric population is one of the major factors propelling the demand for dermal fillers in the Middle East, owing to the fact that with increasing age, the body starts registering reduction in glandular and vascular tissues and loss of fibrous tissue. As per the United Nations Department of Economic and Social Affairs (UNDESA), the share of the people aged 60 years and above in Saudi Arabia is expected to be 25% of the total population of the country by the end of 2050.

Driven by the above-mentioned factors, the value of the Middle Eastern dermal fillers market is expected to rise from $34.3 million to $67.7 million from 2017 to 2023. The market is set to advance at an 11.9% CAGR during the forecast period (2018–2023). There are multiple types of dermal fillers available in the market — hyaluronic acid-based, synthetic polymer-based, hydroxylapatite-based, and collagen-based fillers. Amongst these, hyaluronic acid-based fillers are expected to record the fastest growth in utilization in the various Middle Eastern countries during the forecast period, as they hydrate the skin and raise the skin volume by attracting water.

In the Middle East, Saudi Arabia has been observing the highest usage of dermal fillers since the last few years. This is primarily ascribed to the rising demand for cosmetic surgeries and procedures and the easy availability of skilled medical practitioners, capable of performing dermal filler procedures, in the country. In addition to this, the country is expected to observe huge growth in the geriatric population in the coming years, which will massively boost the demand for dermal fillers in the country in future.

Comments

Post a Comment

Popular posts from this blog

Huge Growth Expected in Dermacosmetics Market in Future

Image
 The cosmetic industry, while mostly misunderstood as dealing with just the aesthetic appearance, has been undergoing technological advancements and moved beyond face creams and face powders since a long time now. Other than this, the prevalence of skin diseases is also rising across the globe and it has been shown by the Global Burden of Disease project that skin diseases are the 4th leading cause of nonfatal disease burden globally. Moreover, understanding the impact of skin diseases is important as in some cases skin conditions often represent a more severe systemic illness, such as human immunodeficiency virus and neglected tropical diseases.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/dermacosmetics-market/report-sample Attributed to these reasons, the development of dermacosmetics has been made possible. These products are crucial now in the branch of dermatology as they combine cosmetics and scientific techniques for the management of a
Read more

Increasing Occurrence of Spinal Cord Injuries Powering Sales of Exoskeletons

Image
The growing prevalence of stroke and spinal cord injuries (SCIs) is fueling the surge in the demand for exoskeletons in several healthcare settings such as rehabilitation centers across the world. In the healthcare industry, exoskeletons are used for helping paralyzed patients walk. For example, as per the National Spinal Cord Injury Statistical Center (NSCISC), in the U.S., there are around 54 cases of SCIs per one million people, or nearly 17,730 new SCI cases are reported every year. Furthermore, in the U.S., the average number of people suffering from spinal cord injuries is 291,000, with various individual estimates falling in the range of 249,000–363,000. The surging geriatric population in several countries is also fueling the demand for exoskeletons. As per the World Population Ageing 2019 report published by the UN, the total number of people in the age bracket- 65 years or above across the world was 703 million in 2019. Moreover, the public awareness about exoskeletons and th
Read more

Why is Population Health Management Market Expected to Boom in North America in Future?

Image
 The soaring global geriatric population, which is expected to reach at least 1.5 billion by 2050, according to the World Health Organization (WHO), is a key factor responsible for the rise in the demand for population health management (PHM). Elderly people require extensive care as they are more susceptible to diseases, especially chronic diseases, such as cancer and cardiovascular ailments, owing to their low immunity levels and high recovery periods. This causes a huge increase in the demand for better prevention, diagnosis, and treatment processes. In addition to this, older people also have a greater requirement for personalized medicine, because of their increased susceptibility to drug allergy, thereby boosting the demand for population health management. Receive Sample Copy of this Report:  https://www.psmarketresearch.com/market-analysis/population-health-management-market/report-sample The other important factors bolstering the demand for PHM are the increasing healthcar
Read more