Latest TMR Report Explores Impact of COVID-19 Outbreak on Latin America Hyaluronic Acid Dermal Filler Market

Latin America Hyaluronic Acid Dermal Filler Market

Hyaluronic Acid Under Investigation for Asymptomatic COVID-19 Infection

High prevalence of asymptomatic COVID-19 (coronavirus) cases has become a matter of concern for healthcare institutions. Similarly, hyaluronic acid is under scrutiny for the occurrence of asymptomatic corona infection. Past studies have shown a correlation between high levels of hyaluronic acid and spots throughout the lungs in X-ray images, which is common in seriously ill COVID-19 patients. As such, there is a need for more evidence to make these claims strong enough for deep investigations.

Companies in the Latin America hyaluronic acid dermal filler market are suffering revenue losses since not many individuals are opting for cheek augmentation and other cosmetic treatments. Individuals are finding it important to spend on essential goods and services. As such, companies in the Latin America hyaluronic acid dermal filler market are expecting a revenue growth when the pandemic subsides in the first quarter of 2024.

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Hyaluronic Acid: Superstar Ingredient for Nutricosmetics

Nutricosmetics are a novel introduction in the Latin America hyaluronic acid dermal filler market. People considering the intake of beauty-related dietary supplements are now opting for nutricosmetics in order to have youthful skin. In terms of volume, the Latin America hyaluronic acid dermal filler market is anticipated to expand at a CAGR of ~6% from 2024 to 2030. This is evident since hyaluronic acid and collagen have become the flagship ingredients for innovative nutricosmetics.

JLB Développement— a French manufacturer of health nutrition products, is making use of hyaluronic acid and collagen in its nutricosmetics, which promotes skin healing and moisturizing. Thus, skincare companies in Latin America are increasing their R&D in efficacy tests to utilize recognized ingredients for innovations in nutricosmetics. In order to gain market recognition, companies are backing their claims by conducting scientific studies in tandem with ingredient suppliers.

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Diverse Portfolio of Injectable Technologies Helps Overcome Adverse Effects

Hyaluronic acid is rarely associated with severe side effects and allergic reactions. This explains why the Latin America hyaluronic acid dermal filler market is projected to reach a valuation of US$ 478.7 Mn by the end of 2030. However, several studies have shown that hyaluronic acid via injection route may produce adverse side effects and allergic reactions in some people. Hence, companies in the Latin America hyaluronic acid dermal filler market are educating people to consult dermatologists before indulging in any interactions with hyaluronic acid.

Manufacturers in Latin America are taking cues from Swiss companies to create a diverse portfolio of injectable technologies. For instance, Galderma— a Swiss pharmaceutical company specializing in dermatological treatments, has created a non-animal stabilized hyaluronic acid dermal filler, which has a proven safety record. Hyaluronic acid is being used to conduct reliable aesthetic treatments and increase volume in the cheek and lips.

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Resilient Skin Expert Treatments Fuel Demand for Hyaluronic Acid-induced Skincare Products

Hyaluronic acid dermal fillers are becoming increasingly commonplace in moisturizers. Its biocompatibility and technicality are being highly preferred by personal care brands. Moisturizers are being renewed with hyaluronic acid to develop an expertise in wrinkle filling through injections. Companies in the Latin America hyaluronic acid dermal filler market are tapping into business opportunities in cosmeceuticals to broaden their revenue streams. The expansion of product portfolio in hyaluronic acid-induced injection technologies is a recurring trend in the market landscape.

Apart from anti-ageing, hyaluronic acid is being used to resolve issues of dehydration, pigmentation, and imperfections related to the skin. Companies in the Latin America hyaluronic acid dermal filler market are adapting their production processes to develop consumables that align with the needs of users in dermatology clinics, hospitals, spas, and beauty institutes. The demand for hyaluronic acid dermal filler-induced products is being fueled with the introduction of resilient skin expert treatments.

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