According to the latest report by IMARC Group, titled, “Lip Augmentation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global lip augmentation market size reached US$ 2.65 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.49 Billion by 2028, exhibiting a growth rate (CAGR) of 9.0% during 2023-2028.
Lip augmentation is a cosmetic procedure aimed at enhancing the shape, size, and appearance of the lips. This popular aesthetic treatment helps achieve fuller and plumper lips, improving facial harmony and boosting self-confidence. Lip augmentation can be performed through various techniques, both surgical and non-surgical. It proves extremely effective in addressing concerns such as thin lips, asymmetry, volume loss owing to aging, and fine lines around the mouth. Consequently, lip augmentation treatments are in extensive demand across the globe.
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Lip Augmentation Market Trends and Drivers:
The lip augmentation market is primarily driven by the increasing demand for cosmetic procedures to address aesthetic concerns and achieve fuller, more defined lips. Apart from this, the evolving beauty standards among the masses and the emerging trend of associating enhanced lips with youthfulness and attractiveness, on account of the elevating influence of social media platforms and celebrity culture, are acting as significant growth-inducing factors. Moreover, the shifting consumer preferences toward minimally invasive (MI) procedures with lower risks and shorter recovery time is also positively influencing the global market. Besides this, the launch of multiple lip augmentation techniques, including injectable fillers, lip implants, and fat transfer, that cater to several patient preferences and provide growth opportunities is, further catalyzing the market growth. Additionally, the escalating innovations in medical technology that have made lip augmentation safer, more effective, and less invasive are also positively influencing the global market. Apart from this, the rising disposable income, the growing consumer awareness, and reducing social stigma associated with cosmetic surgeries will continue to bolster the lip augmentation market in the coming years.
Lip Augmentation Market 2023-2028 Competitive Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Abbvie Inc.
- Galderma SA (Galderma Holding SA)
- Merz Pharma GmbH & Co. KGaA
- Sinclair Pharma (Huadong Medicone Co. Ltd)
- Suneva Medical
- Teoxane, etc.
The report has segmented the market based on type and product.
- Hyaluronic Acid Fillers
- Poly-L-Lactic Acid Fillers
- Fat Injection/Lipoinjection
- Lip Collagen
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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