The lip filler market is a rapidly growing market, with increasing demand for non-surgical procedures to enhance the appearance of the lips. The market is being driven by a number of factors, including the growing popularity of injectable fillers, the increasing number of aesthetic clinics and spas, and the rising disposable income of consumers.
The global lip filler market is expected to reach a value of USD 1.89 Billion by 2032, with North America and Europe being the leading markets. The market is expected to grow at a CAGR of 3.8% during the forecast period.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=864?AS
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.
Growth Factors
The growth of the global lip filler market is being driven by the following factors:
- Growing demand for minimally invasive cosmetic procedures
- Increasing awareness of lip fillers
- Rising disposable incomes
- Increasing demand for minimally invasive cosmetic procedures
- Growing awareness of the benefits of lip fillers
- Rising disposable income and affordability
- Increasing popularity of social media, which is leading to increased focus on appearance
Market Titans
- Mentor Worldwide LLC,
- Anika Therapeutics Inc.,
- Allergan Plc,
- Inamed Corporation