January 12, 2021
According to the research report titled ‘Global Lip Filler Market Analysis, 2020’, available with Market Study Report LLC, global lip filler market is predicted to record a 9% CAGR during 2020-2025.
Collective inclination towards maintaining aesthetic appeal and rising trends for using anti-aging treatments are primary factors propelling the growth of global lip filler market. In addition, increasing popularity of non-surgical treatments is also amplifying the revenue of this industry vertical.
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Notably, lip augmentation with fillers is achieved by injecting hyaluronic acid into the targeted portion of the lip. Lip augmentation with the help of lip fillers is increasingly being recognized by people as the procedure is inexpensive and is being carried out in nearby markets. The FDA (Food and Drug Administration) has also approved facial and lip surgery procedures in United Kingdom and the United States, further augmenting global lip filler industry share.
Speaking of the restraints, hefty cost of surgery and lip filter procedures is anticipated to impede worldwide lip filler industry expansion over the forecast timespan. Moreover, stringent government norms are also limiting the market growth. Regardless, contoured and voluminous lips obsession fueled by the social media influencers is stimulating global lip filler market forecasts.
The research report on global lip filler market helps businesses in taking well-informed decisions by delivering a clear picture of this domain by assessing crucial factors such as growth stimulants, obstacles, and opportunities. It also calculates the growth rate of the market based on past and present business trends.
The document meticulously studies the various market segments like product type, end user scope, and regional fragmentation. Speaking of product type, the market is split into poly-l-lactic acid lip filler and hyaluronic acid lip filler. With respect to end user scope, global lip filler industry is bifurcated into office based clinics, spa/beauty clinics, ambulatory surgical centers, and others.
Considering the geographical landscape, global lip filler market is segmented into Europe, North America, Middle East & Africa, and Asia-Pacific. The country-level fragmentation consists of United States, Mexico, Canada, Brazil, Spain, Germany, France, United Kingdom, Italy, Saudi Arabia, UAE, South Africa, Japan, China, and India among others.
Well-known companies in global lip filler market sphere are Laboratories Vivacy SAS, Teoxane Laboratories, Merz Pharma GmbH & Co., Adoderm GmbH, Bohus Biotech AB, Galderma Laboratories L.P., Nestle S.A., Bioha Laboratories, and Allergan plc.