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Lip Fillers Market is expected to grow at a CAGR of ~4.0% during the forecast period of 2019-2029

March 2nd, 2021 Future Market Insights Releases

The global demand for lip fillers grew at ~3% YOY in 2018 to total ~ US$ 420 Mn, up from ~ US$ 408 Mn in 2017, finds the new market intelligence study by Future Market Insights (FMI). ALLERGAN, Galderma Laboratories, and Merz Pharma GmbH & Co. KGaA retain their lead as the top three companies in the lip fillers market space, followed by several other market players progressing up along the growth ladder with new product launches in the pipeline.

While one-half of consumers investing in lip fillers look to boost their confidence levels, the other half will resort to these as quick fixes for facial perfection. Though lip augmentation wasn’t a mainstream concept a few decades ago, it is eventually carving out its own unique place in the global cosmetology space.

For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-10271

Millennials represent a very attractive category for lip filler manufacturers to focus on, given that the ones who are unhappy or self-conscious about their facial aesthetics are opting for these procedures to get appealing makeovers. The FMI analyst finds that a wide-range of safe and effective options will remain the key revenue level for companies active in the lip fillers market. In addition, these companies are also drawing upon the mega-trend of personalization via tailor-made lip filler solutions, which will further help them life their profit pools.

FMI’s research study opines that lip augmentation with hyaluronic acid-based solutions will remain the most frequently requested procedures in aesthetic practices. This can be gauged by the fact that in 2019, hyaluronic acid will surpass Poly-L-Lactic Acid to account of ~ 94% of the global lip fillers-derived business value.

While hospitals continue to remain at the forefront of demand for lip filler solutions, adoption by office based clinics is likely to pick pace by the end of 2029, thereby making it an attractive end user target for market players to aim at. Market players are zooming in their focus onto long-term contracts with hospitals and office based clinics, which will be a key factor ensuring continued profitability and long-term growth, finds the FMI report.

For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/ask-question/rep-gb-10271

East Asia Promises Untapped Corners for the Market Players to Explore

The FMI analyst finds that North America continues to be the leading market for lip fillers, with the US estimated to command ~ 94.5% of the regional market growth. As per the recent studies, in 2018, nearly 18 million people underwent surgical and minimally-invasive cosmetic procedures in the United States in 2018. This is a clear indication of the fact cosmetic surgical procedures in North America, which are on a significant rise over the past 5-6 years, are further set for a massive growth in the future.

On the other hand, East Asia is emerging as the focal point for market players vying to make it big in the lip fillers market. With beauty standards seeing cyclical evolution in countries such as Japan, China, and South Korea, the East Asia lip fillers market is likely to promise some major expansion opportunities for the companies operating in the lip fillers market.

The FMI analyst is of the opinion that social media remains one of the biggest factors encouraging consumers to opt for lip fillers. With the selfie culture penetrating across consumer bases from different regions, lip fillers have become a highly feasible and readily accessible option for the consumers to get the ‘picture-ready’ appearance. However, potential risks associated with the use of lip fillers, including temporary bruises and permanent tissue spoilage, continue to daunt consumer confidence and, calling for safe and reliable variants to make their mark in the lip fillers market.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-10271

Key Segment

By Product Type

  • Hyaluronic Acid Lip Fillers
  • Poly-L-Lactic Acid Lip Fillers

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Office Based Clinics
  • Spas/Beauty Clinics

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape

Non-Surgical Fat Reduction MarketFMI’s analysis presents segmentation on the basis of type, production and region. The report highlights changing dynamics and trends in the market.

Dermal Fillers Market Find insights on product types, end-use and region. The report provides market scenario and the growth prospects of the coronary market in the forecast period.

Rapid-RNA Testing Kits Market FMI’s report highlights segmentation on the basis of form, type and region. It gives a backdrop analysis, changes in market dynamics and assessment of the trajectory of the market.

About Future Market Insights

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Report: https://www.futuremarketinsights.com/reports/lip-fillers-market

Press Release Source: https://www.futuremarketinsights.com/press-release/lip-fillers-market

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