Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, The global lip augmentation market size is expected to reach USD 4.4 billion by 2027 and is expected to grow at a CAGR of 9.5% from 2020 to 2027.
The global lip Augmentation market size is expected to reach USD 4.4 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 9.5% over the forecast period. Lip Augmentation is a procedure that helps increase the volume and fullness of lips through enlargement with the help of products like hyaluronic acid, fat injections, and implants. Hyaluronic acid and polyacrylamide fillers are the most widely used products. Injectable dermal fillers are the most commonly used method for lip augmentation. Rising contribution of market players is playing a prominent role in driving the market growth. Other factors like increasing awareness, surging geriatric population, rise in disposable income, change in lifestyle due to globalization, and rising demand for filler are expected to further propel the growth.
There has to be a professional expertise while performing lip augmentation procedure and the filler should be clinically approved, therefore there is a list of lip fillers approved by the Food and Drug Administration (FDA). The FDA only approves dermal fillers once their effectiveness as an anti-wrinkle and skin restoring treatment is proven through clinical study. Some of the products approved by the FDA are Restylane, Juvederm Vollure, Belotero, and Radiesse. According to the American Society of Plastic Surgeons, 4 million cosmetic procedures were done on people in the age group of 55 years and above and accounted for a largest portion of the total age groups, due to increasing concerns about appearance among this age group.
Rise in per capita disposable income also plays a pivotal role in the growth of the market. Combination of various factors like advancement in technology, efficacy and safety of the fillers, increasing baby boomer population, beauty campaigns, and awareness about the existence of such minimally invasive procedures is projected to boost the market growth in the forthcoming years.
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Lip Augmentation Market Report Highlights
- Hyaluronic acid fillers emerged as the largest product segment in 2019 owing to increasing the safety, efficacy, and negligible side effects during and after the treatment
- The Poly-L-lactic acid fillers segment is projected to register the highest CAGR over the forecast period as they get easily absorbed by the skin and stimulates the collagen production
- The Lip Implant segment dominated the market in 2019, as a large number of people opt for permanent lip augmentation procedures
- Asia Pacific is projected to witness the fastest growth over the forecast period owing to rapidly booming geriatric population
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Lip Augmentation Market Segmentation
Grand View Research, Inc. has segmented the global lip augmentation market on the basis of type, product, and region:
Lip Augmentation Type Outlook (Revenue, USD Million, 2016 - 2027)
- Lip Implants
- Fat Grafting
- Lip Advancement
Lip Augmentation Product Outlook (Revenue, USD Million, 2016 - 2027)
- Hyaluronic Acid Fillers
- Poly-L-Lactic Acid Fillers
- Fat Injection/Lipoinjection
- Lip Collagen
Lip Augmentation Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
List of the Players of Lip Augmentation Market
- Galderma Pharmaceuticals.S.A
- Merz pharma GmbH
- Teoxane Laboratories
- Suneva Medical
- Sinclair Pharma
- Laboratories Vivacy SaS
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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