Global Lip Augmentation Market By Type (Temporary Lip Augmentation, and Permanent Lip Augmentation), By Application (Hospitals, Ambulatory Surgery Centers, and Others), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Lip Augmentation Market Overview:

The global lip augmentation market was worth USD 2,637.80 Million in 2021. It is projected to grow at a CAGR of 11.6% between 2022 and 2032.

The cosmetic procedure of lip augmentation involves enlarging the lips with fillers. These fillers can be permanent or temporary. The most commonly used products for this procedure are Hyaluronic Acid, fat injects, and implants. Restylane L and Juvederm Vollure are approved by the Food and Drug Administration.

Global Lip Augmentation Market Scope:

Type Analysis

The market for lip augmentation is divided into two types: temporary and permanent. Permanent augmentation includes lip implants, fat grafting, fillers, and lip advancement.

Permanent augmentation accounted for the largest revenue share at over 62% in 2021. Due to consumer preference for less invasive and longer-lasting procedures, the permanent fillers segment will see the highest growth over the forecast period.

Product Analysis

The Hyaluronic acid fillers segment accounted for the largest revenue share at over 28% in 2021 and is expected to grow at the fastest rate over the forecast period. The body naturally produces Hyaluronic Acid and injects it artificially.

There is little risk of side effects and risks. Due to their safety and efficacy, Poly-L-lactic Acid fillers will also show significant growth. They are expected to register the second-fastest CAGR over the forecast period.

Key Market Segments:

By Type

•  Temporary
•  Permanent
•  lip Implants
•  Fat Grafting
•  Fillers
•  lip Advancement
•  Other Types

By Product

•  Hyaluronic Acid Fillers
•  Poly-L-Lactic Acid Fillers
•  Fat Injection/lip injection
•  lip Collagen
•  Other Products

Market Dynamics:

The United States is one of the most important producers of lip augmentation in the world. According to the United States Geological Survey (USGS), the product’s production volume has been declining continuously from 2017 through 2021, according to the USGS stats.

The widespread disruption brought about by COVID-19 led to a drop in production volume of nearly 9.7%, especially in 2021. The lockdown initiation also caused a significant drop in downstream demand for the product, with key sectors like paper, ceramics, and rubber all experiencing a negative trend.

The emergence of COVID-19, and subsequent work-from-home policies, had a devastating impact on the domestic paper industry. Due to remote working, the consumption of writing and printing paper fell significantly in FY 2020. This downgraded demand caused havoc on the production side.

Between 2021 and 2022, the U.S. saw a decline in writing and printing paper volumes by almost 7%.

The consumption side saw a slowdown in construction activity during Q2 FY 2020, which drained the demand for plastic & paints and ceramic, plastic, and related products.

This directly affected the new orders for lip augmentation and related products. Despite these slow consumption trends, the domestic market space showed signs of improvement from the fourth quarter of FY 2020 largely due to the full resumption of industrial and construction activities.

The country’s infrastructure investment and jobs act will likely open up new opportunities in the construction sector.

Regional Analysis

With a market share of more than 30%, North America was the dominant market for lip augmentation in 2021. This trend will continue through the forecast period. According to the American Society of Plastic Surgeons in 2019, 3.1 million U.S. filler procedures were completed.

This is due to increased R&D, high per capita disposable income, increasing adoption of new technology, and growing consumer awareness. Regional growth is expected to be influenced by the increasing importance of physical characteristics and a perfect appearance.

A key growth driver is the introduction and development of insurance plans for cosmetic treatments.

Asia Pacific will see the fastest CAGR at 10.8% during the forecast period. This is due to increasing patient awareness about lip fillers and a rising focus on aesthetic appeal.

Key players also implemented marketing strategies. In the coming years, regional market growth will be fueled by an increase in disposable income and a greater focus on physical appearance.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Global markets are highly competitive. The rapid adoption of new technology and better insurance policies is one of the main factors that drive global market competitiveness.

With an increasing focus on strategic collaborations and geographical expansion, the competition will intensify in the coming years. The Allergan acquisition of Vitae Pharmaceuticals will allow them to expand their dermatology portfolio.

In 2018, they launched “Juvederm it”, a campaign for their product Juvederm, a hyaluronic gel lip filler. This was to reach new consumers and increase awareness about the benefits of the product. The following are some of the most prominent players in lip augmentation.

Market Key Players:

•  Allergan
•  Galderma Pharmaceuticals. S. A
•  Merz Pharma GmbH
•  Teoxane Laboratories
•  Suneva Medical
•  Sinclair Pharma
•  Laboratories Vivacy SaS
•  Other Key Players

For the Lip Augmentation Market research study, the following years have been considered to estimate the market size: