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Lip Augmentation Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: November 2023 || SKU: MD4686
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180 pages
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Global Lip Augmentation Market is Segmented By Type (Temporary Lip Augmentation, Permanent Lip Augmentation), By Lip fillers (Hyaluronic Acid Fillers, Poly-L-Lactic Acid Fillers, Fat Injection/lipo injection, Lip Collagen Injections, Others), By End-User (Hospital, Dermatology Clinics, Ambulatory Surgery Centers, Others), By End-User (Automotive, Aerospace, Safety, Medical, Energy, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Market Overview

The Global Lip Augmentation Market is predicted to reach at a CAGR of 10.8% during the forecast period (2023-2030). Lip augmentation is a cosmetic procedure that aims to increase the fullness of a lip through enlargement using fillers such as hyaluronic acid, fat, or implants.

Report Scope

Metrics

Details

Market CAGR

10.8%

Segments Covered

By Type, By Lip fillers, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

Market Dynamics and Trends

Advances in facial cosmetic technology are expected to drive market growth.

Laser skin resurfacing is a procedure that involves sending precise wavelengths of light across the skin (typically the face) to stimulate the body to produce new collagen. Patients will see a smoother, more youthful appearance as the treatment progresses. Scars, sun damage, blemishes, discoloration or hyperpigmentation, fine lines and wrinkles, and more can all be improved by laser skin resurfacing. Moreover, there are numerous name-brand lasers on the market. For instance, Ablative resurfacing removes the outer layer(s) of skin, encouraging the body to supply new cells and leading to dramatic results; some ablative laser treatments may be fractional, which means the laser beams are spaced apart, which shortens recovery time. Thus, the market is expected to drive in the forecast period from the above statements.

Restraint:

Side effects associated with lip fillers and the high cost of treatment are a few factors that the market is expected to hamper in the forecast period.

Industry Analysis

Porter’s Five Forces Analysis:

COVID-19 Impact Analysis on Lip Augmentation Market

The COVID-19 pandemic has moderately impacted healthcare systems and the market. While the first wave of pandemic demand saw a rush on facial procedures in response to a significant increase in Zoom calls and downtime for discreet recovery at home, the national survey findings show that tummy tucks (22%) and liposuction (17%) are among the top procedures sought by women who are extremely or very likely to consider procedures within six months. This is due to weight fluctuations during quarantine and more time to evaluate operations that are put off due to time or expense constraints. The pandemic led to a drastic decline in elective surgeries performed in the United States. Many national societies and local governments recommended surgeons suspend and progressively resume elective surgery initially. Moreover, according to the American Society of Plastic Surgeons (ASPS), the Society's board-certified plastic surgeons reported they stopped performing elective surgical procedures for an average of 8.1 weeks in 2020 due to COVID-19, or 15 percent of the year, which mirrors the decline in the total number of procedures performed last year. Thus, the market will undergo impetus during the forecast period.

Segmentation Analysis

Hyaluronic Acid Fillers segment is expected to hold the largest market share in lip augmentation market.

The hyaluronic acid fillers segment accounted for the largest market share in 2020. Hyaluronic acid fillers are frequently used to restore the shape of the skin and diminish the appearance of scars, injuries, and wrinkles. The hyaluronic acid fillers have their benefits when given as injection gradually during different appointments until the desired results are achieved; any lumps and bumps created by the movement of the lips can be dissolved easily. There may be less bruising and swelling compared to other dermal fillers. The results are reasonably long-lasting but not permanent.

Moreover, Hyaluronic acid is a naturally occurring chemical in the body. Soft connective tissues, the fluid around our eyes, some cartilage and joint fluids, and skin tissue all contain high levels of it. Thus, the segment is expected to hold the largest market share in the forecast period from the above statements.

Geographical Shares

North America region holds the largest market share in the global lip augmentation market.

In 2020, North America accounted for the highest revenue share. The increasing geriatric population, increasing R&D, rising prevalence of filler procedures in the region, increased adoption of new technologies, and increased consumer awareness and introduction and development of insurance schemes for various cosmetic treatments are some of the major factors due to which the market is expected to boost in the forecast period. For instance, According to the Population Reference Bureau report, the number of Americans aged 65 and up is expected to more than double by 2060, from 46 million to nearly 98 million. Dermal fillers are a growing industry, and the whole dermal filler market in the United States (US) has grown at a compound annual rate of 20.2 percent, with total sales of $782,645,560. Moreover, the Injection of hyaluronate fillers is the second most common non-surgical procedure in the USA, with 1.5 million injections performed annually. Thus, the North American region is expected to hold the largest market share in the forecast period from the above statements.

Companies and Competitive Landscape

Major key players in the lip augmentation market are AllerganAesthetics, Galderma Pharmaceuticals.S.A, Merz pharma GmbH, Teoxane Laboratories, Suneva Medical, Sinclair Pharma, Anika Therapeutics, Inc. and Integra Lifesciences.

Galderma Pharmaceuticals.S.A:

Galderma is the leading company solely dedicated to skin and advancing the future of dermatology. We deliver an innovative, science-based portfolio of sophisticated brands and services across Aesthetics, Consumer Care and Prescription Medicine. The company operates from 50 sites in 40 countries, with headquarters in Switzerland. Moreover, it has 1, 80,000 healthcare providers to serve all channels from DTC, online and retailers through an increasingly digital format.

Product Portfolio:

Restylane® Kysse: Restylane Kysse is lip filler that adds volume, smooths upper lip lines for up to one year, and enhances lip color. It is designed specifically for the movement of lips.

Why Purchase the Report?

  • Visualize the composition of the global lip augmentation market segmentation by type, lip fillers, end user and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in global lip augmentation market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global lip augmentation market- level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global lip augmentation market report would provide an access to an approx.45+ market data table, 40+ figures and 180pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
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FAQ’s

  • Lip Augmentation Market is expected to grow at a high CAGR during the forecasting period 2023-2030.

  • North America region Controls the Lip Augmentation Market during 2023-2030.
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