Overview and Scope
Lip fillers are cosmetic procedures that involve injecting a gel-like material, into the lips to enhance their shape, volume, and overall appearance. These procedures are typically performed by healthcare professionals, such as dermatologists or plastic surgeons, and aim to achieve a fuller and more defined lip contour. It is used to address issues such as thin lips, asymmetries, and signs of ageing, and it can involve superficial or deep placement of the filler, depending on the specific needs of the patient.
Sizing and Forecast
The lip fillers market size has grown strongly in recent years. It will grow from $1.28 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increasing demand for aesthetic enhancements, low procedural complexity, the ability to reverse the effects of lip fillers, short duration of procedures, rising consumer awareness.
The lip fillers market size is expected to see steady growth in the next few years. It will grow to $1.62 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to celebrity influence, social media influence, increasing disposable income, accessibility of aesthetic clinics, cultural acceptance of cosmetic procedures. Major trends in the forecast period include technological advancements and long-lasting abilities of fillers, growing investments in research and development in the cosmetic industry, competitive landscape with companies focusing on expanding their services, capitalizing on the millennial age group, personalization via tailor-made lip fillers.
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Segmentation & Regional Insights
The lip fillers market covered in this report is segmented –
1) By Product: Hyaluronic Acid Lip Fillers, Poly-L-Lactic Acid Lip Fillers, Fat Injection or Lipoinjection, Lip Collagen Injections, Other Products
2) By Gender: Male, Female
3) By End User: Hospitals, Ambulatory Surgical Centers, Office Based Clinics, Spas Or Beauty Clinics
North America was the largest region in the lip fillers market in 2023. The regions covered in the lip fillers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in the number of aesthetic treatments is expected to propel the growth of the lip filler market going forward. Aesthetic treatments refers to refer to medical interventions and services performed with the primary purpose of enhancing a person’s appearance, beauty, or symmetry. Lip fillers are primarily used to increase the volume of the lips. They can address concerns such as thin or naturally asymmetrical lips, providing a fuller and more balanced appearance. For instance, in August 2023, according to the Aesthetic Society, a US-based media outlet, Americans spent over $11.8 billion on aesthetic procedures in 2021, a 2% increase from the previous year. The same report also highlights a 14% increase in the total number of aesthetic procedures performed in 2022, with nonsurgical procedures contributing to a significant portion of this increase. The report also mentions that the number of surgical procedures increased by 54% and nonsurgical procedures increased by 44% in 2021. Therefore, the rise in the number of aesthetic treatments is driving the growth of the lip filler market.
Key Industry Players
Major companies operating in the lip fillers market report are BioPlus Co. Ltd., Cynosure, Galderma S.A., John Lewis Plc, Allergan Inc., Integra LifeSciences, Nestlé Skin Health, Merz Pharma GmbH & Co. KGaA, Juvederm Volbella, Sinclair Pharma, Teoxane, Anika Therapeutics Inc., Restylane Silk, Croma Pharma GmbH, Mentor Worldwide LLC., Medy Tox Inc., Zimmer Aesthetics, Suneva Medical, Prollenium Medical Technologies Inc., DR. Korman, Laboratoire Vivacy SAS, Dr.TWL Dermaceuticals, MD Skin Solutions, Bohus BioTech AB, Adoderm GmbH
The lip fillers market report table of contents includes:
1. Executive Summary
2. Lip Fillers Market Characteristics
3. Lip Fillers Market Trends And Strategies
4. Lip Fillers Market – Macro Economic Scenario
5. Global Lip Fillers Market Size and Growth
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32. Global Lip Fillers Market Competitive Benchmarking
33. Global Lip Fillers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lip Fillers Market
35. Lip Fillers Market Future Outlook and Potential Analysis
36. Appendix
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