Lip Augmentation Market to Receive Overwhelming Hike in Revenues at 10.5% CAGR by 2023

2019 Research Report on Lip Augmentation Market is a professional and comprehensive study by Market Research Future on the Global Lip Augmentation Industry. The report monitors the key trends, Treatments and market drivers in the current scenario and offers on-the-ground insights.

Pune, Maharashtra - July 1, 2019 /MarketersMedia/ —

The Global Lip Augmentation Market is expected to grow at an approximate CAGR of 10.5% during forecast period, 2018–2023.

Rising participation of market players is one of the prominent factors driving the lip augmentation market. For instance, in 2018, Allergan plc launched a new JUVÉDERM advertising campaign created to empower the next generation of consumers to "JUVÉDERM IT." The JUVÉDERM collection of fillers offers a complete range of dermal fillers for different patient needs. JUVÉDERM Ultra XC is used into the lips and perioral area for lip augmentation in adults over 21.

Various other factors such as increasing awareness about lip augmentation, rising geriatric population and rising demand for dermal fillers are also expected to propel the growth of the market. However, side effects associated with lip fillers and high cost of treatment can hamper the market growth over the forecast period.

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Lip Augmentation Market - Key Players

Some of the key players in The Global Lip Augmentation Market are

Allergan
Galderma Pharma S.A.
Integra Lifesciences
Laboratories Vivacy SAS
Merz Pharma
Sinclair Pharma
Suneva Medical, Inc
Teoxane
Cynosure
Syneron
AQTIS Medical
Bioha Laboratories
Cytophil, Inc.
Korman Laboratories
Inamed Corporation
Anika Therapeutics Inc.

Lip Augmentation Market - Segmentation

The Global Lip Augmentation Market is segmented based on type, lip fillers, distribution channel, and region.

The Global Market for Lip Augmentation, by type is segmented into temporary lip augmentation and permanent lip augmentation. The permanent lip augmentation segment is further classified as dermal graft, permanent lip implants, vermilion lip advancement and lip lift. The lip lift segment includes corner lip lift and upper lip lift.

The market, by lip fillers, is segmented into fat injection or lipoinjection, hyaluronic acid fillers, lip collagen injections, platelet-rich plasma (PRP), and others.

Based on distribution channel, the market is segmented into hospital pharmacies, clinics, retail pharmacies, drug stores, online pharmacies, and others.

The hospital pharmacies segment is anticipated to hold the largest market share owing to the increasing demand for cosmetic procedures. The online pharmacies are expected to grow at the highest CAGR owing to the rising cases of cosmetic problems.

Lip Augmentation Market - Regional Analysis

The Americas dominated the global market for lip augmentation owing to the rising geriatric population. According to the Population Reference Bureau report, the number of Americans ages 65 and older is projected to double from 46 million today to over 98 million by 2060. Moreover, rising healthcare spending within the region is also boosting the lip augmentation market. In the US, the total healthcare spending reached USD 3.5 trillion in 2017 and by 2026; it is expected to reach USD 5.7 trillion.

In 2017, it was estimated that Europe stood second in the global lip augmentation market. This can be attributed to the rising research and development investments and technological advancements. For instance, in 2017, Allergan received FDA approval for its newest hyaluronic acid dermal filler, Juvéderm Vollure XC.

Asia Pacific was projected to be the fastest growing region in 2017. Factors such as growing medical tourism industry and increasing technological advancements within the region are boosting the regional markets of the Asia Pacific region.

On the other hand, the Middle East and Africa held least share in the Global Lip Augmentation Market due to the low per capita income, especially within the African region.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

List Of Tables

Table 1 Lip Augmentation Market Synopsis, 2018–2023

Table 2 Lip Augmentation Market Estimates And Forecast, 2018–2023 (USD Million)

Table 3 Global Lip Augmentation Market, By Region, 2018–2023 (USD Million)

Table 4 Global Lip Augmentation Market, By Type, 2018–2023 (USD Million)

Table 5 Global Lip Augmentation Market, By Lip Fillers, 2018–2023 (USD Million)

List Of Figures

Figure 1 Research Process

Figure 2 Segmentation For Global Lip Augmentation Market

Figure 3 Market Dynamics For Global Lip Augmentation Market

Figure 4 Lip Augmentation Market Share, By Type,2017

Figure 5 Lip Augmentation Market Share, By Lip Fillers,2017

Continued….

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