Calcium hydroxylapatite (CaHA) is a soft tissue filler used in non-surgical cosmetic procedures to restore volume and fullness in areas such as cheeks, lips, and wrinkles associated with aging. CaHA fillers when injected under the skin offer long-lasting hydration and wrinkle correction results with minimal side effects compared to other dermal fillers.
The global Calcium Hydroxylapatite (CaHA) Fillers market is estimated to be valued at US$ 5744.75 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
High demand for non-surgical cosmetic procedures is estimated to offer substantial growth opportunity for calcium hydroxylapatite (CaHA) fillers market over the forecast period. CaHA fillers provide predictable natural looking results which last up to 18-24 months with each treatment, thereby reducing the need for frequent repeat procedures. Moreover, the demand for anti-aging procedures is growing significantly among both men and women across the globe, especially in developed regions. The rising preference for minimally invasive cosmetic procedures will likely propel the demand for CaHA fillers in the coming years. With the availability of reliable products and increasing medical aesthetic awareness, the cosmetic fillers market is expected to witness lucrative growth opportunities.
Porter’s Analysis
Threat of new entrants: The threat is medium as the CaHA fillers market requires high capital investments and stringent regulatory and safety standards.
Bargaining power of buyers: The bargaining power of buyers is medium to high as there are several established players providing quality products.
Bargaining power of suppliers: The bargaining power of suppliers is low to medium as the raw materials required are commonly available.
Threat of new substitutes: The threat of substitutes is medium as there are alternative dermal fillers available though CaHA fillers have established use in wrinkle correction and augmentation.
Competitive rivalry: The competitive rivalry is high due to the presence of many global and regional players competing on the basis of quality, innovation, and price.
SWOT Analysis
Strengths: CaHA fillers are biocompatible, long lasting, have minimal side effects and allow natural facial movement. They stimulate collagen production.
Weaknesses: High treatment costs and temporary swelling or bruising post procedure.
Opportunity: Increasing demand for non-invasive aesthetic procedures and growing medical tourism in developing nations.
Threats: Strict regulatory framework and introduction of alternative dermal fillers.
Key Takeaways
The Global Calcium Hydroxylapatite Fillers Market Size is expected to witness high growth at a CAGR of 7.9% during the forecast period of 2023 to 2030. The market size for 2023 is estimated to reach US$ 5744.75 Mn.
Regional analysis - North America dominates the market currently owing to rising cosmetic procedures. Asia Pacific is expected to grow at the fastest pace with increasing medical tourism.
Key players - Key players operating in the CaHA fillers market includes Meridian Foods, Norevo, Chios Mastiha, Latzinos, Gum Technology, Nature's Goodness. Meridian Foods leads the market with wide product portfolio for wrinkle correction and facial contouring. Stringent regulations encourage manufacturers to invest more in R&D for product innovations and safety.
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