Augmentations of the lips are cosmetic procedures that help in providing the fuller and plumper lips. In recent days, injectable dermal fillers are the most frequently used lip augmentation method. There are different types of dermal fillers and are injected in and around the lips and mouth. However, most of the common fillers used today are products that consist of the substances indistinguishable to the hyaluronic acid. Hyaluronic acids are substances that are naturally found in the body. This helps in increasing lips volume. Dermal fillers are also called hyaluronic acid fillers.
Amongst all the dermal fillers collagen are the most highly used and common dermal filler. Having said that, due to the emergence of new options which have a longer effect and are comparatively safer. Implants and fat injections are some of the other techniques used to plump the lips. Owing to the risk factors and side effects the techniques are not used today regularly.
Hyaluronic acid fillers helps in improving the lips by adding structure, shape, and volume. The effect of the augmentation remains for about six months. After the effect wears off, injectable needs to be used again for retaining the volume of your lips.
COVID-19 scenario analysis:
Coronavirus disease 2019 (COVID-19) has created an economic crisis along with a health care crisis. COVID-19 pandemic has stretched healthcare system worldwide, developed countries are expected to cause an economic recession. The Covid-19 pandemic has an adverse impact on the healthcare system, resulting in 50% to 70% drop in revenue from March. Many small hospitals, clinics, and nursing homes, have been forced to shut their operations. As a result of social distancing and localized curfews have resulted in delayed elective surgical procedures. In addition, visa cancellations have led to a hiatus in medical tourism and can negatively impact the healthcare services market growth.
Owing to such factors, COVID 19 is expected to have a significant impact on the Lip augmentation market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:
There has been an increase in the demand for cosmetic surgery for the older and younger population alike; upgrades in the technology and introduction of new cosmetic surgeons are the major factors propelling the growth of the lip augmentation market.
Ballooned surgeries, selfie surgeries, and many other new options arising due to the advancements in the techniques are growing the lip augmentation market. Endorsements by the celebrities social media effects increasing and influencing are affecting the growth of the lip augmentation market.
Along with this, effects of stressful lifestyle on the skin and unhealthiness, screen time improvement, disposable income increase, affordability, awareness and acceptance of the cosmetic procedures, consumer awareness, affordability, advancements in the technology, the dissatisfaction of the teenagers and young adults in regards to the body, procedure safety are also affecting the growth of the lip augmentation market.
Moreover, awareness for the lip augmentation sectors increasing; a significant rise in the geriatric population and demand for dermal fillers increasing are boosting the growth of the market.
On the other hand, side effects related to the lip fillers and expensive treatment are expected to restrain the growth of the lip augmentation market.
New product launches and acquisitions to flourish the market:
On October 4th, 2018, Allergan plc introduced a new advertising campaign JUVÉDERM which helped them in creating awareness in the millennial generations to "JUVÉDERM IT."
On February 1st, 2017, LifeCell Corporation was acquired by Allergan plc which was a leading medicine company focused on regenerative.
Surge in usage in hospitals and patients segment applications:
Hospital Pharmacies, Retail Pharmacies, Clinics, Drug Stores, and Online Pharmacies are the major consumers of the lip augmentation market. Amongst them, hospital pharmacies are the biggest end-users sue to the demand rising for cosmetic procedures.
Key benefits of the report:
- This study presents the analytical depiction of the global Lip augmentation industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Lip augmentation market share.
- The current market is quantitatively analyzed to highlight the global market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global Lip augmentation market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Lip augmentation Market research report:
- What are the leading market players active in the Lip augmentation market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Lip augmentation Market Report Highlights
By Lip Fillers
By End users
Key Market Players
Suneva Medical, Inc, Sinclair Pharma, Galderma Pharma S.A., Merz Pharma, Laboratories Vivacy SAS, Syneron, Allergan, Integra Lifesciences, Cynosure, Teoxane