Lip Filler Market

Lip Filler Market Outlook (2022-2032)

The worldwide valuation of the lip filler market is USD 1.3 Billion in 2022. The market is further expected to reach a value of USD 1.89 Billion by the end of 2032. The growth rate of the lip filler market in the forecast duration is 3.8%.

The eagerness to meet unattainable body image standards is a key factor driving the growth of Lip filler therapies. The growing expectations of flawless looks are key motivators of raised sales in the lip filler market. Social media is acting as a stimulator for the trend owing to pictures of celebrities and their toned bodies attracting youngsters. Noting the growing influence of looks on people, players in the cosmetic industry have been investing in technology and want to gain a competitive edge in the sector.

In the race to look flawless, a growing number of people are spending on cosmetic treatments like lip fillers, Botox, etc. Lip augmentation with fillers is performed by injecting the material into any anatomic part of the lip, allowing for a highly controlled and predictable result.

Lip fillers are approved by the FDA as medical devices which can be prescribed and handled only by medical professionals. It has been approved for patients over the age of 21. For commercialization, lip fillers need a CE mark approval in Europe. However, they are non-prescription products that can be injected by anybody licensed by medical authorities.

Report Attributes	Details
Lip filler Market size (2022 A)	USD 1.3 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 1.89 Billion
Global Market Growth rate (2022-2032 E)	CAGR 3.8%.
Key Companies Profiled	Mentor Worldwide LLC, Anika Therapeutics Inc., Allergan Plc, Inamed Corporation

Drivers of growth: Lip fillers market

The desire for good looks is driving demand for lip fillers

The lip filler market is likely to grow as a result of the fast-growing trend of using anti-ageing treatments and the increasing demand to look younger. Individuals, especially women, are becoming quite conscious of looking beautiful and are thus ready to spend on facial surgeries, lip augmentation, etc. In the lip fillers market, Juvederm is the gold standard, and other popular brands are Volbella, Restylane, and Teosyal Kiss.

Corrective features make an appeal

Based on the satisfaction of the person, the lips can be corrected for irregularities and lumps. In case there is an area with a volume deficit in the lips or a portion comparatively small compared to the contralateral side, you can always get extra filler added to it. The lip fillers based on Hyaluronic acids, such as Juvederm and Restylane, aren’t permanent and are absorbed by the body over time.

Trends: Lip filler market

Progressing inclination toward cosmetic procedures

The rising income levels and standards of living across the globe are turning the demand for cosmetic surgeries. With the continuous influence of television, social media, and other forms of media, people are increasingly becoming aware of the availability of new products specific to cosmetic procedures for the use of lip fillers. Knowing about how lip fillers can add to look and appearance, people are investing in the same.

Non-surgical cosmetic processes are in trend due to effectivity

The increase in the number of non-surgical cosmetic procedures is likely to proliferate the lip filler market. According to the American Society of Plastic Surgeons Report, Americans are increasingly shifting to fresh and innovative ways to shape their bodies, as minimally invasive cosmetic procedures have climbed roughly 200% since 2000.

Restraints: Lips filler market

High cost and prevalence of side effects may deter growth in the lip filler market

The existing facial injectable or fillers have many side effects, which could hamper the growth of the market to a great extent. Patients need to research well and choose a high experience dermatologist. The high cost of surgery and stringent regulations could limit the growth of the lip filler market. The cost of lip fillers may vary based on the procedure used, the expertise and qualifications of the person performing the treatment, the time and effort the procedure or treatment requires, and the amount of lip or dermal filler used.

Segment wise analysis

The hyaluronic acid segment dominates as a lip filler.

The segment of hyaluronic acid is expected to dominate in upcoming years owing to its application in people of all age groups. These filters are suitable for addressing gaps in the skin in all age groups. Collagen works by plumping up the skin, and it’s used widely for treating superficial skin imperfections. The hyaluronic acid not only plumps up the skin but also increases the water content in the large molecules. This makes long-lasting effects on the body.

Based on the end-user segments lip filler market is operative in Hospitals and speciality clinics. The hospital segment is dominated owing to the rise in healthcare infrastructure in hospitals. Considering the ease of performing diagnosis imaging immediately after consultation with doctors is the prime reason why people prefer to visit hospitals for getting cosmetic treatment. Skin speciality clinics are likely to grow with a faster CAGR in the forecast period owing to their convenience in the delivery of quality medical facilities. The presence of skilled surgeons and the abundance of the needed equipment are attributing to growth in the hospital segment.

Based on gender, the female segment has a major revenue potential than in men segment. The rise is due to rising demand from the female population for treating facial lines and imperfections. The rising income levels across this segment and accelerated workforce participation is the key driver for the demand for lip fillers. However male segment is anticipated to see growth in the forecast period due to the penetration of look consciousness and awareness of cosmetic treatments in males.

Recent developments

The growing investments in research and development in the cosmetic industry have been encouraging the market players to offer effective solutions to gain a competitive edge in the lip filler market. The lip filler market is highly competitive, where vendors are focused on the expansion of their services to generate dominance. The key industry players are investing more in research and technologies in order to launch new forms of skin surgeries. As the market is expanding, these players need the high cost of surgeries and maintenance of standards to ensure profit margins in the longer run.

• Merz Aesthetics: The prominent player in the lip filler market, Merz Aesthetics launched a new lip filler with hyaluronic acid called Belotero lips in April 2018.
• In 2020 Revance Therapeutics Inc introduced RHA dermal filler line. The technology is first and only approved by the FDA effective in correcting wrinkles and acne on the skin. Product and technology improvisation are likely to be game-changing business strategies in the forecast duration.

Regional analysis

North America dominates as a region for maximum lip-filling surgeries in 2022. This region is likely to continue its dominance owing to rising personal incomes and spreading awareness of skin treatments. The increasing approvals for dermal fillers by the food and drugs administration (FDA) is anticipated to rise in lip filler treatments in the upcoming period. Canada and the USA are key countries that have more health expenditures making a contribution to the rapid growth of the lip filler market.

China in Asia pacific region is dominating country for cosmetic surgery segments. The region accompanied by Korea is anticipated to gain the fastest growth trajectory in the forecast duration. The rising geriatric female populace is driving demand for lip filler products. The accelerated incomes and women workforce participation is contributing to rising in sales of lip fillers market.

Lip filler Market: Segmentation

• By Product Type

  • Hyaluronic acid
  • Collagen

• By End users

  • Hospitals
  • Speciality clinics

• By Gender

  • Male
  • Female

• By Region

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)