Press release
Lip Fillers Market Trends, Analysis, Segmentation And Forecast To 2033
Lip Fillers Market
The Business Research Company presents an extensive market research report on the Lip Fillers Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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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Key Market 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
Market Drivers:
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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/lip-fillers-global-market-report
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
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